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Pipe Wrenches Market Share

Report ID: GMI12549
Published Date: Dec 2024
Report Format: PDF

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Pipe Wrenches Market Share

Pipe Wrenches Market Company Share Analysis, (2023)

The pipe wrenches industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 25%-30% of the total market. The fragmented market sees regional companies adopting strategies like product innovation, partnerships, distribution network expansion, e-commerce presence, and competitive pricing to strengthen their global foothold and customer reach.

Pipe Wrenches Market Companies

Major players operating in the pipe wrenches industry are:

Apex Tool Group
Bahco
Channellock
Footprint Tools
Gedore
Husky
Klein Tools
Matco Tools
Milwaukee Tool
RIDGID
Snap-on
Stanley Black & Decker
Teng Tools
TTI Group
Wright Tool

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for pipe wrenches was valued at USD 785 million in 2023 and is projected to reach USD 1.16 billion by 2032, driven by a CAGR of 4.5% from 2024 to 2032.

The pipe wrenches industry from straight pipe wrench segment held the largest market share with a revenue of USD 252.9 million in 2023 and is expected to grow at a CAGR of 4.9% during the forecast period, driven by its versatility across various applications.

The U.S. market accounted for 75.4% of the total market share in North America in 2023 and is expected to grow at a CAGR of 4.4% during the forecast period, driven by ongoing infrastructure investments.

Major players in the industry include Apex Tool Group, Bahco, Channellock, Footprint Tools, Gedore, Husky, Klein Tools, Matco Tools, Milwaukee Tool, RIDGID, and Snap-on.