E-Store and Digital Catalogue : Hand Tools | E-Store and Digital Catalogue

ABOUT THE INDUSTRY

In recent years, as economic globalization has accelerated, the hand tool industry has become the main source in hardware tool manufacturers throughout the world. The wide application and larger demands in hand tools are beyond imagination and as a result of this, there is an increase of more than 10% every year.

Globally, manual hand tool and power tool market is expected to reach $13-14 billion and $38-40 billion respectively by 2023

Hand tools are products with good profits and competition of hand tool products is mainly decided by the quality of raw material which in this case is steel quality, used for manufacturing.

Hand tools in the world market can be distinctly divided into two types: (a) Developed markets (b) Developing areas

The Indian hand tool market is estimated to cross USD 200 million which is growing at a rate of 12% annually. India’s advantage is low labor, low cost, and availability of raw materials. There are more than 2500 manufacturers of Hand Tools in India only and out of which 95% are in small scale sectors catering to the demand for local markets as well as exports.

Hand tools comprise of general-purpose tools (spanners, wrenches, pipe cutters, woodworking tools, pliers), watch making tools, goldsmith tools, automotive tools, agricultural tools, industrial tools, garden tools, non sparking tools and so on.

As the demand is increasing and customers getting more quality conscious, the technological improvement for manufacturing in India requires sophisticated tools and equipment. Industries like defense, railways, agriculture, automobiles, and aerospace are expecting good quality products for ease of operation due to which small manufacturers have upgraded themselves and are now competing with established organized players but the market is still open for high-quality application hand tools.

Classification of Hand Tools Sector

The global hand tools market is classified into type, end-user, distribution channel, and region.

By type, the market is segmented into

Wrench
Plier
Screw drivers
Hammers
Cable cutter
Others

By End User

DIY
Professional
Industrial

'Make in India' to boost Hand Tools for the World

An initiative from the government like Make in India is going to bring more foreign manufacturing hubs in India due to which demand for good quality tools is definitely going to increase more. Good quality hand tools manufacturers are now entering the Indian market because of the growing demand for brands, better quality, zero error, global reputation and recommendations from other industrial sectors from different countries.

Strengths & Capabilities of Indian Hand Tools Manufacturing

Production of hand tools is reserved for small-scale industry with an investment in plant and machinery limited to Rs.50 million.
There are an estimated 2500 small scale and tiny units in India of which around 350 each are concentrated in Jalandhar and Nagaur and more than 100 units in Ludhiana, besides 7 large units. With a few manufacturers situated around Delhi and Mumbai as well.
The sector, with a total investment of about Rs. 5000 million, employs an estimated 25000 workers.
Of the total global market of more than US$ 10 billion, India's share is more than Rs. 5 billion.

Growth Drivers

Growth of DIY activities – Globally, the “Do-It-Yourself” (DIY) market is gaining traction with increasing urbanisation. It is widely practiced in the EU and the USA, while the trend is catching on in APAC countries such as India and China. While high labour charges are a key driver in the EU and the USA, rising urbanisation is a key driver in the APAC countries.
Rising construction activities – Rapid industrialisation and commercialisation in developing economies such as India, China, and Brazil has further strengthened the demand for hand tools. Government and private investment in the construction industry increasingly encourages the usage of advanced power hand tools.
Automotive repair and maintenance – The complexities in the automobiles is increasing day by day. Moreover, in this age of increased use of automobiles, the demand for repair and maintenance is expected also to increase. The repair and maintenance for automobiles require a considerable number of hand tools and growth in automobile use worldwide could be a major driving force for the hand tools market.
Growth in other industries – The growth in other industries such as aviation, heavy engineering, horticulture, wood-working are also expected to drive the future growth of specialty tools.
Increasing need for automation – Companies across the globe are focused on automating their operational processes to reduce cost and save time, while delivering high quality products. Power tools help companies to achieve these objectives and, hence, they are gaining popularity across sectors of construction, manufacturing, aerospace, healthcare, etc.
Need for affordable and efficient power tools – Power tools are becoming energy efficient and affordable with key market players focusing to improve their share in a competitive market. Cordless tools have higher usage in small and medium businesses due to lower costs and enhanced usability. Several tools are designed specifically to de-risk human activities.

Initiatives by the Government for the Industry

Setting up of Central Institute of Hand Tools (CIHT)

Central Institute of Hand Tools (MSME Tool Room, Jalandhar) is a premier organization responsible for the development of Hand Tool Industry in the country. Government of India has set up Central Institute of Hand Tools as a National Institute in Jalandhar (Punjab) as an autonomous organization with the assistance of U.N.D.P. and Govt. of Punjab in the year 1983, with a view to provide trained manpower and technology support services to engineering industry in general & the hand tools industries in particular. The institute is ISO-9001:2008, ISO-14001:2004 certified and having NABL accredited Lab.

CIHT, Jalandhar imparting Engineering Education in various skill development courses which has greater demand in the industries in the field of Product Design & Development, CAD/CAM, CNC Programming & Machining, Mechatronics/ Automation with PLC, Welding, Electrician and Quality Control etc. and providing services to the Engineering industries in various areas such as Tool Room, Heat Treatment, Testing & Quality Control.

Objectives -

Trained personnel for the industry to adopt improved technology in product design, production technologies, testing & quality control techniques, packing & product development.
Design of tools, not manufactured by the industries and prototype development
Common facility services for forging, dies, tools, jigs and fixtures.
Consultancy services leading to setting up of turnkey projects.
Assistance of the small and medium scale industries in the design and development, manufacture of dies, heat treatment of tooling for Hand Tools.

National Programme for Promoting Energy Efficiency In Hand Tool SSI Sector in India

In partnership with DC (SSI), UNIDO, SIDBI, Hand Tool Manufacturers Associations. Objectives -

Technology upgradation of Hand Tool SSI clusters at Jallandhar (Punjab) and Nagaur (Rajasthan) by adopting energy efficient & clean technology and other measures.
Strengthening of Institutional structure & capacity building of CIHT, Jalandhar and HTDDTC, Nagaur.
Strengthening of Policy framework to promote replication of energy efficient technologies demonstrated.
Developing an international marketing strategy & support measures for export promotion to enhance the export share of SSI units in the world market.

Major Manufacturing Clusters of Hand Tools

There is a good concentration of high quality hand tools manufacturers in Delhi and Maharashtra too. Most of the manufacturers are located around Mumbai, Pune, Aurangabad and Nashik.

BENEFITS OF REGISTRATIONS

Enhanced SEO
Promotions alongside EEPC India organized Virtual Exhibitions
Hosting on websites of overseas Indian Embassies & Hi Commission, partner Industry associations & trade bodies
Sustained Online and Offline publicity & promotion
Easily accessible & compatible platform
search tools for suppliers profiles
Access to supplier contacts

EEPC India's initiatives to promote Hand Tools Industry

EEPC India has taken various initiatives to promote the Indian Hand Tools industry and support the manufacturers who largely fall into the small scale category. EEPC India is regularly setting up India Pavilion in the International Hardware Fair. Held in Cologne, Germany every two years, this is the largest fair in the world for this industry. Besides this, the sector has always been highlighted and promoted in the EEPC India signature exhibition - INDEE, held across the globe.

1	Indian Pavilion in International Hardware Fair, Cologne, Germany
2	China International Hardware Show, Shanghai