Home > Industrial Machinery > Industrial Equipment > Tools > Needle Nose Pliers Market

Needle Nose Pliers Market Share

Report ID: GMI12423
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Needle Nose Pliers Market Share

Global Needle Nose Pliers Market Company Share Analysis (2023)

In 2023, key companies like Crescent Tools, Milwaukee Tool, Sonic Tools, Stanley Black & Decker, and Klein Tools 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.

Top brands focus on ergonomic designs to enhance comfort, especially for professionals using pliers for extended periods. Features like soft-grip handles, slip-resistant grips, and anti-fatigue designs are common. Premium brands like Knipex, Milwaukee, and Klein Tools offer high-performance tools with advanced features and quality materials. Their pricing reflects this quality, targeting industrial and professional users.

Needle Nose Pliers Market Companies

Major players operating in the needle nose pliers 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

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global needle nose pliers industry was valued at USD 248.5 million in 2023 and is estimated to grow at a 3.3% CAGR from 2024 to 2032, driven by increased demand for hand tools and global manufacturing expansion.

The straight nose segment recorded USD 189.2 million in 2023 and is expected to grow at a 3.2% CAGR from 2024 to 2032 due to their precision in tasks such as gripping, bending, and cutting wire, especially in electronics assembly and PCB manufacturing.

The North America needle nose pliers industry, led by the U.S., recorded USD 62.3 million in 2023 and is expected to grow at a 3.4% CAGR from 2024 to 2032, fueled by a surge in DIY home improvement projects post-COVID-19.

Key players in the industry include Beta Group, C.H. Hanson, Crescent Tools, Grip-on, Klein Tools, Knipex, Milwaukee Tool, Snap-On, Sonic Tools, Stanley Black & Decker, Tekton, and Toptul.