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Locking Pliers Market Share

Report ID: GMI12413
Published Date: Nov 2024
Report Format: PDF

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Locking Pliers Market Share

Global Locking Pliers Market Company Share Analysis (2023)

In 2023, key companies like Crescent Tools, Stanley Black & Decker, Klein Tools, Strong Hand Tools and Knipex held a combined market share of 8%-12%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Manufacturers are investing in product innovation to stand out in the market. They are introducing ergonomic designs, quick-release mechanisms, and rust-resistant coatings to enhance locking pliers performance and lifespan. In emerging markets like China, India, and other parts of Asia-Pacific, price competition is intense due to price-sensitive consumers.

Locking Pliers Market Companies

Major players operating in the locking pliers industry are:

Bollmann
Channellock
Crescent Tools
Deli Group
Grip-on
Klein Tools
Knipex
Milwaukee Tool
Snap-On
Sonic Tools
Stanley Black & Decker
Strong Hand Tools
Toptul
Vermont American
Wurth

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global locking pliers industry was valued at USD 1.5 billion in 2023 and is estimated to grow at a 3.5% CAGR from 2024 to 2032, driven by industrialization and a rising DIY culture.

The curved jaw segment accounted for USD 0.6 billion in 2023 and is expected to grow at a 3.8% CAGR from 2024 to 2032 due to its suitability for automotive repairs, plumbing, and heavy-duty industrial applications.

The U.S. locking pliers market was valued at USD 0.4 billion in 2023 and is projected to grow at a 3.6% CAGR from 2024 to 2032, driven by a resurgence in manufacturing sectors such as automotive, aerospace, electronics, and machinery.

Key players in the industry include Bollmann, Channellock, Crescent Tools, Deli Group, Grip-on, Klein Tools, Knipex, Milwaukee Tool, and Snap-On.