| Product Code: ETC4656684 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, the Republic of North Macedonia continued to see significant hand tool imports from key countries including China, Slovenia, Serbia, Kosovo, and Thailand. Despite a slight decline in the compound annual growth rate (CAGR) from 2020-2024, the market showed a strong growth rate of 21.91% from 2023-2024. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape, with opportunities for further market expansion and competition among the top exporting nations.

In the Europe region, the Hand Tool market in North Macedonia is projected to expand at a growing growth rate of 8.47% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Republic of Macedonia Hand Tool Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Hand Tool Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Hand Tool Market - Industry Life Cycle |
3.4 Republic of Macedonia Hand Tool Market - Porter's Five Forces |
3.5 Republic of Macedonia Hand Tool Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Republic of Macedonia Hand Tool Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Republic of Macedonia Hand Tool Market Revenues & Volume Share, By Distribution Channels, 2021 & 2031F |
4 Republic of Macedonia Hand Tool Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Republic of Macedonia Hand Tool Market Trends |
6 Republic of Macedonia Hand Tool Market Segmentations |
6.1 Republic of Macedonia Hand Tool Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Hand Tool Market Revenues & Volume, By Wrench, 2021-2031F |
6.1.3 Republic of Macedonia Hand Tool Market Revenues & Volume, By Plier, 2021-2031F |
6.1.4 Republic of Macedonia Hand Tool Market Revenues & Volume, By Screw Drivers, 2021-2031F |
6.1.5 Republic of Macedonia Hand Tool Market Revenues & Volume, By Hammers, 2021-2031F |
6.1.6 Republic of Macedonia Hand Tool Market Revenues & Volume, By Cable cutter, 2021-2031F |
6.1.7 Republic of Macedonia Hand Tool Market Revenues & Volume, By Others, 2021-2031F |
6.2 Republic of Macedonia Hand Tool Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Hand Tool Market Revenues & Volume, By Professional, 2021-2031F |
6.2.3 Republic of Macedonia Hand Tool Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Republic of Macedonia Hand Tool Market Revenues & Volume, By DIY, 2021-2031F |
6.3 Republic of Macedonia Hand Tool Market, By Distribution Channels |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia Hand Tool Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Republic of Macedonia Hand Tool Market Revenues & Volume, By Offline, 2021-2031F |
7 Republic of Macedonia Hand Tool Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Hand Tool Market Export to Major Countries |
7.2 Republic of Macedonia Hand Tool Market Imports from Major Countries |
8 Republic of Macedonia Hand Tool Market Key Performance Indicators |
9 Republic of Macedonia Hand Tool Market - Opportunity Assessment |
9.1 Republic of Macedonia Hand Tool Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Republic of Macedonia Hand Tool Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Republic of Macedonia Hand Tool Market Opportunity Assessment, By Distribution Channels, 2021 & 2031F |
10 Republic of Macedonia Hand Tool Market - Competitive Landscape |
10.1 Republic of Macedonia Hand Tool Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Hand Tool Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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