The category with the best paperwork on this site
Nowhere else do buyers get terms this good. Almost every quality hand tool brand publishes a lifetime or normal-life warranty, and most of them have honored it for decades.
Which means the interesting differences are not about scope. They are about process - because a warranty you cannot practically claim is not a warranty.
The terms, quoted
TEKTON: no time limits, no receipts, shipping paid by TEKTON. Requests submitted before 2pm Eastern on a weekday with complete information ship a replacement the same day.
Knipex: a Lifetime Limited Warranty; repair or replacement of any tool found defective in material or workmanship for the lifetime of the tool. Requires a Return Goods Authorization number, return of the tool, proof of purchase and confirmation of original end-user purchase.
Klein: products free from defects in material and workmanship under normal use for timeframes by product group; tools manufactured for commercial or industrial use are warranted for the normal life of the product.
Channellock: the Built Strong Limited Lifetime Warranty covers defects in materials and workmanship, but not the natural wear that comes from hard work. Misuse, alteration, neglect and exposure to extreme conditions excluded.
Wera: a lifetime warranty against breakage due to defects in materials or workmanship, for the normal life of the product. Bits, bitholders and L-keys are treated as consumables and are not covered.
Craftsman: a full lifetime warranty on hand tools and mechanic tools; claims made by returning the product to the original place of purchase.
GEARWRENCH: lifetime for the original consumer purchaser, excluding modified, disassembled, altered, improperly used or stored tools and those subject to negligence, misuse, abuse or unauthorized repair.
Irwin: each hand tool free from defects in material and workmanship for the life of the tool under normal wear and tear, except damage from misuse or alteration.
Estwing: states plainly that its warranty is not a lifetime warranty. It warrants its all-steel hammers against failure in normal use, and not against misuse, abuse or wearing out.
Process is the differentiator
Read those again and sort them by what you have to do.
TEKTON: fill in a form. Craftsman: walk into the shop you bought it from. Knipex: obtain an RGA number, ship the tool, provide proof of purchase and prove you are the original purchaser.
All three are lifetime warranties. They are not equally claimable, and over a thirty-year horizon the receipt requirement in particular is close to a nullification for most people.
Credit where it is due: Estwing
Estwing could easily call its warranty a lifetime warranty and does not. It states that it is not one, warrants against failure in normal use, and lists wear from faithful use as a reason a claim will be rejected.
A one-piece forged hammer does not need a lifetime warranty - it has no handle joint, which is the only thing that fails on a hammer. The company declining to overclaim is the kind of thing this site exists to notice.
What none of them covers
Wear. Channellock says it most clearly - the natural wear that comes from hard work is excluded. Cutting edges dull, jaw teeth round off, screwdriver tips erode. That is the tool doing its job.
What is covered is the thing snapping, cracking or arriving wrong. On good tools that is rare, which is why these warranties are commercially viable in the first place.
Keep the receipt where it survives
Knipex, GEARWRENCH and Craftsman all want proof of purchase in some form. Thermal till receipts fade to blank within a few years.
Save order confirmation emails in a searchable folder. Five seconds at purchase, and it is the difference between a lifetime warranty and a story about one.