Rise DIY and Home Improvement Activities Leading the Charge for the Growth of the Hand Tools Industry in the US
Published: Nov 2020
The US hand tools market is estimated to exhibit a CAGR of 2.2% during the forecast period (2020-2026). The DIY and home improvement market in the country is significant and is expected to witness slow and steady growth due to the penetration of e-commerce websites, availability of large DIY stores in the country, increased household spending, and rising labor costs.
Major Industries Including Automobile and Aerospace Playing an Imperative Role in the Growth of the North American Hand Tools Market
Published: Nov 2020
The North American hand tools market is estimated to display a steady CAGR of 2.0% during the forecast period (2020-2026). North America is a dominating force in nearly all of the industries. The automobile industry in North America is extensively large with the presence of giants such as General Motors and Ford Motor. The role of power tools in the automobile industry is predominant in recent years due to its multiple and effective uses.
Rising DIY Trend and Growth in Construction Industry is Likely to Increase the Sales of Hand Tools in India
Published: Nov 2020
Indian hand tools is estimated to exhibit a sturdy CAGR of 3.8% during the forecast period (2020-2026). The nascent DIY trend, low awareness of cordless power tools, high demand for educational campaigns, and low dominance of power tools vendors are acting as a natural driver for the hand tools market in India.
Rising Infrastructural Developments and Investments in Construction Industry Concreting the Demand for Hand Tools in Europe
Published: Nov 2020
European hand tools market is estimated to record a CAGR of 2.1% during the forecast period (2020-2026). Europe was the third-largest market for hand tools in 2019 and accounted for a share of more than 20%. It is expected to remain one of the significant revenue contributors during the forecast period. This growth ensues from rising investments in the construction industry and infrastructural developments in other general industries.
Expansion of Retailing Space, Coupled with Growing Economy to Set the Tone for the Asia-Pacific Hand Tools Market
Published: Nov 2020
Asia-Pacific hand tools market is estimated to witness a strong CAGR of 3.5% during the forecast period (2020-2026). Asia-Pacific is set to be the dominant and influential economy across the globe. It consists of powerful nations such as Japan, China, India, South Korea, and Australia. The growth in the Asia-Pacific economy was estimated at 6% in 2019, however, the COVID-19 pandemic has severely damaged the economies of nearly all the countries in the region.
Increasing COVID-19 Cases Coupled with Other Chronic Diseases Causing Upsurge in the Demand for Hospital Hand Hygiene Solutions in the US
Published: Nov 2020
The US hospital hand hygiene solutions market is estimated to exhibit a CAGR of 7.6% during the forecast period (2020-2026). Rising number of diseases, coupled with a number of surgeries, lead to a higher number of various HAIs. Many epidemiological studies confirmed that the country has one of the largest patient pool and mortality rates due to HAIs. The CDC, in its 2019 factsheet, estimated that around 1,00,000 deaths occur every year due to HAIs in the country.
Abundant Cases of COVID-19 Resulted in an Increased Demand for Hospital Hand Hygiene Solutions in North America
Published: Nov 2020
The North American hospital hand hygiene solutions market is estimated to display a strong CAGR of 7.7% during the forecast period (2020-2026). The region has witnessed an increase in the number of various advanced surgical procedures for treating acute and chronic diseases. For instance, around 60% increase in atherectomy procedures for treating CVDs were reported among Medicare beneficiaries between 2011 and 2014 in the region.
Increasing COVID-19 Cases Leading the Charge for the Rising Demand for Hospital Hand Hygiene Solutions in India
Published: Nov 2020
The Indian hospital hand hygiene solutions market is expected to exhibit a rapid CAGR of 9.2% during the forecast period (2020-2026). The outbreak of the COVID-19 pandemic resulted in an increasing demand for hand hygiene solutions in the country. Indian is one of the worst COVID-19 hit countries, with more than 8 million, till October 2020.
The Outbreak of the COVID-19 and Increasing Cardio Vascular Diseases to Lift the Demand for Hospital Hand Hygiene Solutions in Europe
Published: Nov 2020
European hospital hand hygiene solutions market is estimated to record a healthy CAGR of 7.2% during the forecast period (2020-2026). Europe is one of the largest markets after the global hospital hand hygiene solutions market. It is growing at a healthy rate and is expected to grow at a similar pace during the forecast period.
Increasing Cases of Cancer and COVID-19 Prompted a Significant Boom in the Demand for Hospital Hand Hygiene Solutions in the Asia-Pacific
Published: Nov 2020
The Asia-Pacific hospital hand hygiene solutions market is estimated to witness a strong CAGR of 8.6% during the forecast period (2020-2026). At present, the outbreak of COVID-19, which started in China and then moved globally, including in developed nations such as the US, is driving the higher production of preventative accessories, consisting of hand sanitizers and hand washes in Asia-Pacific countries, as the US economy largely depends on manufacturing and supply chains based in Asian countries, in particular China.