Growth Levels (Proficiency Matrix)

The global hardware tools market is experiencing steady expansion, currently valued at approximately $114.87 billion in 2025 and projected to reach $137.18 billion by 2029. This growth is primarily driven by a resurgence in the construction and automotive sectors, alongside a significant rise in the “Do-It-Yourself” (DIY) culture among homeowners.

At a segment level, power tools lead the industry with a 7.4% CAGR, fueled by advancements in lithium-ion battery technology and the integration of “smart” features like Bluetooth diagnostics and automated torque control.

Meanwhile, hand tools maintain a consistent 4% to 5% growth rate, supported by industrialization in emerging markets like India and China, which now account for nearly half of the global production volume.

Despite challenges such as raw material price volatility and geopolitical tariffs, the industry is increasingly shifting toward sustainability, with a growing demand for tools made from recycled metals and ergonomic designs that enhance user safety.