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Assembly Fastening Tools Market Share

Report ID: GMI7436
Published Date: Nov 2023
Report Format: PDF

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Assembly Fastening Tools Market Share

Major players operating in the assembly fastening tools industry include:

Stanley Black & Decker
Robert Bosch GmbH
Hilti Corporation
Makita Corporation
Atlas Copco
Ingersoll Rand
Snap-on Incorporated

Stanley and Robert are dominant players in the assembly fastening tools industry due to their vast product portfolio. Stanley’s ecosystem integration, along with consistent innovation, have attracted millions of customers. Their brand recognition and exclusive content deals solidify their leadership in the highly competitive market.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of assembly fastening tools was worth USD 3.32 million in 2022 and is anticipated to register a CAGR of over 4.4% between 2023 and 2032, favored by the rapid industrialization, especially in sectors like automotive, construction, and manufacturing.

Right angle tool segment accounted for over 40% market share in 2022 and is projected to grow through 2032. The primary advantage of right angle tools is their ability to access tight or confined spaces where traditional tools may not fit.

The U.S. assembly fastening tools market was worth over USD 664 million in 2022, backed by the booming automotive manufacturing sector in the region, driving demand for precision fastening tools, especially in the production of conventional and electric vehicles.

Stanley Black & Decker, Robert Bosch GmbH, Hilti Corporation, Makita Corporation, Atlas Copco, Ingersoll Rand, and Snap-on Incorporated.