Copyright © 2022 StrategyHelix Inc. All Rights Reserved.
Global Hand File Tools Market - Outlook and Forecast 2022-2027
The global market for hand file tools is projected to reach USD 436.1 million by 2027, growing at a CAGR of 4.23% from 2022 to 2027. Hand files are metal tools primarily used on metal and wood, but they have recently been developed for use on other materials like plastic and composites. These tools are used to shape, size, or smooth workpieces. There are two main types of hand files: machinist files and saw files.
The COVID-19 pandemic had a significant impact on the hand file tool market, as it did on the hand tool market in general. Economic activities were suspended in 2020, especially during the first and second quarters, affecting major revenue-generating end-users such as construction, automotive, commercial remodeling, and home improvement. The curfews and lockdowns limited the use of hand file tools, resulting in a decline in sales.
|No. of Pages||
USD 436.1 Mn incremental growth between 2021 and 2026
File Type, Machinist Files, Saw Files, Application, Grades of Cut, and Geography
|No. of Companies Mentioned||
However, the lockdowns also led to a surge in DIY and handicraft activities, as people had more time for home repairs and renovation projects. This increased the demand for tool kits, art and timber tools, and repair tools, including hand files. The demand for hand files is closely related to the demand for hand tools, which is directly linked to industrial requirements. With the suspension of economic activities, there was a decrease in global industrial tool requirements, affecting the demand for new hand tools and existing stock.
As the pandemic situation improved and people sought change in their surroundings, there was an increase in demand for interior design, leading to a higher demand for hand tools and filing equipment. DIY tasks such as fixing cupboards, repairing auto lights, plumbing, and patchwork require hand tools like files, hammers, and pliers, driving the market for hand files. Craft hobbies like beading, sewing, needle arts, wood crafts, and home décor also contribute to the demand for hand files.
The automotive sector remained a significant consumer of hand tools, including hand files. Smaller countries in Europe like Finland and Austria are expected to have substantial sales, while fast-growing economies like India, China, and Indonesia are driving the demand for hand files in the automotive sector. Developing economies play a crucial role in the growth of the automotive sector globally, presenting opportunities for vendors to capitalize on the expanding demand.
Overall, the COVID-19 pandemic has caused an economic downturn in many countries, affecting various sectors including the hand tool industry. Industrial and commercial activities have been significantly impacted, leading to a decrease in demand for hand files. While some nations have shown signs of recovery, others continue to struggle. Additionally, the Ukraine-Russia war has further disrupted the hand file tools market.
The market is segmented based on various factors, including file type, machinist files, saw files, application, grades of cut, and geography.
Segmentation by File Type
Segmentation by Saw Files
Segmentation by Application
Segmentation by Grades of Cut
Segmentation by Geography
North America – US, Canada
Europe – Germany, France, UK, Italy, Spain, Netherlands
APAC – China, Japan, India, South Korea, Australia, Vietnam
Latin America – Brazil, Mexico
Middle East & Africa – South Africa, Saudi Arabia, Turkey, UAE
Files are indispensable tools utilized for the resizing, reshaping, or carving of metal or wooden articles. Despite their seemingly simplistic appearance, files require specific skills and techniques to achieve the desired results on workpieces. While primarily used on metals, files also find utility in scraping and shaping wooden articles. They can be broadly classified into two categories: Machinist files and Saw files. Machinist files, sometimes referred to as engineer’s files, are employed for shaping and refining materials. Designed with corners and curves in mind, they enable metalworkers to create slots, gaps, and curves of varying angles and gradients. Machinist files come in various variations, each serving multiple purposes.
File tools are metallic instruments specifically designed to remove excess or unwanted material from a workpiece. They find extensive application in metalwork, woodwork, hobbies, and similar tasks. Although most files possess a similar structure, their utility varies depending on the intended purpose. A file suitable for use on metals may not be suitable for wooden workpieces. Files are primarily employed on metal articles to modify sizes and shapes, as well as for deburring and scraping purposes.
While all files serve the same function, numerous file variants cater to different needs. Files differ in shape, material, length, and cut grade. There are six distinct cut grades available in files: rough, coarse, bastard, second cut, smooth, and dead smooth. Among these, bastard, double cut, and smooth cut are the most commonly used. Cut grade refers to the number of teeth per centimeter or per inch. Additionally, there exist over 20 different cross-sectional styles, shapes, or patterns. Single-cut files have rows of parallel teeth diagonally cut across their working surfaces, while double-cut files have crossing rows of teeth. The classification of single- and double-cut files is based on the coarseness or spacing of the teeth. The number of teeth per inch varies depending on the tooth’s size and shape.
The growth of the global hand file tools market in recent years has been propelled by increasing economic development, industrial sector growth, and rising demand for precision manufacturing tools. APAC and Latin America continue to heavily rely on hand tools, including hand files, thereby driving market expansion. Hand files find application across various industries such as automotive, electronics, aerospace, construction, flooring and roofing, repair, maintenance, and others. In the US and Europe, market growth is expected to be driven by rapid advancements in heavy tools and cost considerations in the coming years.
In 2021, APAC held the largest market share of hand file tools, accounting for 31.52%. The region is home to diverse industries, including manufacturing, services, automobiles, and electrical goods, creating a demand for a comprehensive range of hand tools that deliver precise performance, including hand files. While Japan and South Korea excel in the manufacturing and export of electrical appliances and automobiles, Singapore stands out for its outstanding construction capabilities. Moreover, the increasing purchasing power among consumers and the growing DIY culture among younger generations are driving the residential tools market in the region, including hand file tools.
The global hand files market exhibits a low degree of market concentration and is characterized by intense competition among major players. This current landscape compels vendors to continually refine their unique value propositions in order to establish a strong market presence. Presently, the hand tools market is highly fragmented, with prominent vendors such as Stanley Black & Decker, Snap-on, and numerous domestic tool manufacturers catering to local demands and regulations. However, these key vendors have a global presence, particularly in North America, APAC, and Europe, which are significant hubs for the tools industry.
Furthermore, market competition is expected to escalate further due to increased product extensions, advancements in tool innovation, and merger and acquisition activities. These developments broaden the potential for a wider range of categories within the market. Consequently, global players are anticipated to pursue inorganic growth strategies by acquiring regional or local players in the future.
Key companies profiled in this report include Stanley Black & Decker, Snap On Incorporated, Apex Tool Group, JK Files India, Wruth, Taparia Tools, ICS Cutting Tools, Zoro UK, Faithfull Tools, Remax Tools, Falcon Tool Company, Tsubosan, WoodWorld of Texas, Mitco, TOPTUL TAIWAN, SNA Europe, CS UNITEC, INC.
Key Questions Answered
WHAT IS THE SIZE OF THE GLOBAL HAND FILE TOOLS MARKET?
The global hand file tools market is projected to reach a valuation of USD 436.12 million by 2027.
WHAT IS THE RATE OF GROWTH OF THE GLOBAL HAND FILE TOOLS MARKET?
The global hand file tools market is expected to grow at a compound annual growth rate (CAGR) of 4.23% during the forecast period.
WHAT ARE THE CURRENT TRENDS IN THE GLOBAL HAND FILE TOOLS MARKET?
The latest trends in the market include increased demand for precision parts, interior development and renovation projects, and a growing demand for handicrafts worldwide.
WHAT ARE THE MAIN DRIVERS OF GROWTH IN THE HAND FILE TOOLS MARKET?
The major factors driving growth in the hand file tools market are high demand from countries with expanding manufacturing sectors and a continued reliance on manual techniques due to poverty and lack of education.
WHO ARE THE KEY PLAYERS IN THE GLOBAL HAND FILE TOOLS MARKET?
Key players in the global hand file tools market include Stanley Black & Decker, Snap-on Incorporated, Apex Tool Group, and JK Files India.