Needle Nose Pliers Market Size - By Product Type, By Material, By Price, By End User, By Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032

Needle Nose Pliers Market Size

The global needle nose pliers market size was valued at USD 248.5 million in 2023 and is estimated to grow at a CAGR of over 3.3% during 2024 to 2032, is attributed to the heightened need for hand tools, the growth of global production capabilities, and increasing trends in crafting and DIY activities. Scissors are an indispensable tool for bending, pulling, and cutting wires, such as during vehicle assembly and repair operations. The rapid evolution of the automotive industry, mainly fueled by electric vehicles, results in growing requirements for precise tools. These pliers work on high-precision applications related to electrical circuits, wiring, assembly, and low-powered microelectronics.

What’s more, the growing inclination toward consumer electronics and gadgets has a positive impact on the needle nose pliers market too. In addition, the surge in construction activities and home improvement trends around the world has increased the demand for needle nose pliers for professional use and for DIY use. The manufacturing sector in countries in the Asia Pacific region, such as China, India, and Southeast Asia, has led to growth in the product’s market. These areas are regarded as key producers and users of industrial tools, which include needle nose pliers. The enthusiasm for DIY, craft making, jewelry, and model building has helped from the demand side, especially in North America and Europe.

 

Needle Nose Pliers Market Trends

• The needle nose pliers currently market trends at ergonomic designs being integrated. Alleviate hand stress, manufacturers have set their sights on creating soft-grip handles, lightweight materials, and even balanced structures in tools. Such modifications are critical to prolonged use by professionals, such as those working in the electronics assembly or automotive jeweler sectors.
   
• There is a growing need for multifunctional tools that are a needle nose type of pliers. There is a steady demand for tools that are crimpers, wire strippers, and even cutters. This is true in electronics, construction, and automotive repair, where getting the job done efficiently is of the essence. Catered for by some manufacturers are interchangeable or modular heads, which allow users to use bent or straight tips without requiring multiple tools.
   

Needle Nose Pliers Market Analysis

• Counterfeit or low-end products from generic suppliers are a significant threat. Such products target lower-end brand markets, specifically where there is lower sensitivity to price. In the growing economies, consumers prefer low-cost products to high-end brands, which results in low sales and low market share for superior quality tool companies.
   
• Needle nose pliers are manufactured using high-strength metals, steel, stainless steel, or carbon steel. Changes in raw material prices affect the cost of production significantly. The hand tools industry is prone to counterfeiting and low-quality knockoffs from even countries with cheap labour and no regard for occupational security. Such tools, although not expensive, can be unsafe and tarnish the image of authentic manufacturers.
   

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The needle nose pliers market can be classified according to product type. These include straight nose and bent nose. The straight nose segment achieved around USD 189.2 million revenue in 2023 and is projected to exhibit around 3.2% CAGR from 2024 to 2032.
 

• Pliers made with straight noses have jaws that meet at a straight line and are best for working on details. Wires are usually used for gripping, bending, and cutting during applications that are somewhat free from hindrances.
   
• These pliers are increasingly gaining usage in the electronics assembly and microelectronics industries. The fabrication of PCBs has also resulted in the need that requires these sectors to use straight nose pliers, which allow for precise manipulation of components.
   
• At the same time, the utilities of bent nose pliers, which are primarily used in joint fabrication as well, are able to reach tighter corners as it is equipped with angled jaws and includes the ability to apply greater force in other ways than straight nose pliers.
   
• These pliers are most suitable for bending wires, reaching inaccessible spaces, and loosening tight-fitting fasteners. The use of such tools is greatly preferred in the electrical & electronics industry. Such tools for managing wires and other components within a confined space have great relevance due to the increasing complexity of electronic devices and the usage of circuit boards.
   

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Electric nose pliers are used by automobiles, home improvement, electronics and electrical equipment, manufacturing industries among others, and these are the end users of this tool, classifying it across regions. In 2023, the automotive sector accounted for 32% share of the needle nose pliers market and is projected to grow at a CAGR of 3.6% from 2024 to 2032.
 

• High technological and precision tools are increasingly demanded in the assembling and repairing of parts and components in the automobile industries. Small component handling that requires wiring, component fitting, and working with intricate parts all require using needle nose pliers.
   
• The relevance of precise tools has grown with the expansion in the complexity of vehicles, including EVs and ADAS, which also increased the requirement for tools that can work in compact areas and fit in adequately.
   
• Moreover, there is an upsurge in the DIY market, especially in North America and European nations, as consumers delve into home improvement. This rise has brought a spike in the need for multi-purpose tools, such as the needle nose pliers used for cutting, bending, and shaping wires.
   
• The electronics sphere is swiftly developing in miniaturization, whereas items become smaller and more complex, the need for quality tools such as needle nose pliers increases. These pliers are extremely useful for soldering, assembling small parts, bending wires, and repairing circuits in compact areas, such as inside mobile phones or circuit boards.
   

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U.S. needle nose pliers market is set to reach USD 62.3 million in 2023 and will have a CAGR of more than 3.4% between 2024 and 2032.
 

• Following the onset of the COVID-19 pandemic, there has been an increase in DIY home enhancement activities as people are seeking to spend more time indoors. Electrical work, wire cutting, and even home crafting all greatly depend on tool kits, which contain needle nose pliers. Some of these tools are very precise and are used to respond to the increased demand for electrical wiring, plumbing, furniture assembly, and home repairs made by people.
   
• Also, there is a rising trend in automotive maintenance and repairs, which is needed for aging two trucks and vans. Spark plugs, batteries, fuses, and connectors are integrated into tight spaces of the dashboard and the engine; for this, mechanics use needle nose pliers.
   
• There is also a growing demand for needle nose pliers primarily used for assembling and fixing batteries and high-tension wires of EVs. This is one of the key factors that has remained responsible for determining the growth of the market.
   
• So, in the United States of America, the market is growing owing to the rise in the number of DIY and home improvement activities, the growth rate of the electrical and electronics industry, the automotive and electric vehicles markets, and hand tools innovations.
   

Country-level Analysis

North America: The U.S. dominates the revenue share of 79% in the North America needle nose pliers market. The U.S. market for needle nose pliers is extremely vibrant and is poised for growth on the back of increased DIY and home improvement efforts, advances in the electrical and electronics industry, expansion in the automotive and electric vehicle (EV) industries, and innovation in hand tools.
 

On the other hand, the Canada needle nose pliers market is projected to grow at an average of 3.6% during the period between 2024 and 2032. In Canada, the automotive repair sector is known to use needle nose pliers for electrical wiring, connector installation, wire cutting and even metal bending.
 

Europe: The European market for needle nose pliers had a market share of 25% in 2023, and it is expected to expand at an annual average growth rate of 3.1% from 2024 to 2032. In Europe, the growth of needle nose pliers’ markets can be attributed to the increasing do it yourself (DIY) culture, precision tool need for industries, the rise of electric vehicles (EVs) and the improvement of tool design and materials.
 

Regarding countries, Germany was noted to have a needle nose pliers market growth rate of about 3.6% during the period between 2024 to 2032. The German country, with its developed manufacturing industry, makes use of needle nose pliers in the auto industry to fit small components, wires, and undertake maintenance of equipment in aerospace, electronics, and machinery making industries.
 

Asia Pacific: The Asia and Pacific region had a needle nose pliers market share of 29% in 2023 which is expected to grow further with a CAGR of 3.7% during the period 2024 to 2032. Asia Pacific is ranked as the fastest-growing region in terms of the needle nose pliers’ market, attributed to the surge in industrialization, increased DIY activities, and other industries, such as automotive, electronics and electrical growing.
 

In 2023, China occupied a significant market share in Asia pacific in the needle nose pliers’ market almost 32%. They are one of the largest consumers and producers of hand tools, and this industry has the potential to grow further alongside electric vehicles, more manufacturing in developing countries, and improvements in precision tools in many markets.
 

Needle Nose Pliers Market Share

Crescent Tools, Milwaukee Tool, Sonic Tools, Stanley Black & Decker, Klein Tools are some of the important companies that occupied between 8%-12%, of the market in 2023. These companies are targeting specific regions with the aim of expanding their existence in new markets through mergers, acquisitions, facility expansion and new collaborations to be able to reach more customers.
 

The soft grip handle, anti-fatigue, slip resistant grip, and other similar design aspects are common to many pliers that are intended for use by different customers. Professionals who are required to use pliers for longer periods of time are specially designed for. Knipex, Milwaukee, Klein Tools are some of the exclusive brands that produce high quality advanced features tools or put their effort in producing high watts. With regard to pricing, their tools are focused on professional users and the industrial sector.
 

Needle Nose Pliers Market Companies

Major players operating in the needle nose plier industry are:

• Beta Group
• C.H. Hanson
• Crescent Tools
• Grip-on
• Klein Tools
• Knipex
• Milwaukee Tool
• Snap-On
• Sonic Tools
• Stanley Black & Decker
• Tekton
• Toptul
• Vermont American
• Wiha Tools
• Wurth  
   

Needle Nose Pliers Industry News

• In May 2024, Sonic Tools presented its Basic, Intermediate and Advanced Manufacturing Toolsets, which are focused on state-of-the-art design and functionality in order to accelerate the work processes in production facilities across the globe.
   
• In November 2023, Snap-on took over Mountz, Inc. for $40 million, cash only. Considered the preeminent torque tool manufacturer in Mountz, Inc., based in San Jose California, Mountz has earned a favorable reputation for its development of gaming precision torque tools, capturing both calibration and documentation devices.
   
• In February 2023 Klein Tools entered into an agreement with Lowe's to increase its footprint in the electrical and tool departments of Lowe's. This agreement means that Klein Tools will be available throughout the UK Lowe's stores initially starting with hand tools and other electrical testing and measuring devices. New product developments will take place over a number of years.
   

This needle nose pliers market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Straight nose
• Bent nose

Market, By Material

• Carbon steel
• Stainless steel
• Forged steel
• Alloy steel

Market, By Price

• Low
• Medium
• High  

Market, By End User

• Automotive
• Home improvement
• Industrial & manufacturing
• Electronics & electrical
• Others (woodworking, model making etc.)     

Market, By Distribution Channel

• Direct sales
• Indirect sales   

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa