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Locking Pliers Market Size
- Report ID: GMI12413
- Published Date: Nov 2024
- Report Format: PDF
Locking Pliers Market Size
The global locking pliers market was valued at USD 1.5 Bn in 2023 and is estimated to grow at a CAGR of over 3.5% from 2024 to 2032. The global market is set to grow, driven by industrialization, a rising DIY culture, tool innovations, and expanding automotive and construction sectors.
Emerging economies are seeing increased industrialization, boosting demand for versatile hand tools like locking pliers in automotive, construction, aerospace, and heavy machinery sectors. In developed markets, the DIY home improvement trend is growing, increasing the need for reliable tools. Online tool purchases have further fueled this trend, making high-quality locking pliers more accessible.
Furthermore, manufacturers are innovating with durable, corrosion-resistant, and ergonomic designs using materials like high-carbon and alloy steel. These improvements enhance the tools' effectiveness in high-stress applications, increasing their appeal. In the automotive sector, locking pliers are essential for gripping, holding, and manipulating parts. The growing automotive industry, especially in emerging markets, drives demand. Additionally, the trend of DIY vehicle repair and maintenance among consumers expands market opportunities.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Locking Pliers Market Size in 2023: | USD 1.5 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 3.5% |
| 2024 – 2032 Value Projection: | USD 2.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 180 |
| Segments covered: | Product Type, Material, Price, End User, Distribution Channel and Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Locking Pliers Market Scope
