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Plier Market Trends

  • Report ID: GMI12516
  • Published Date: Dec 2024
  • Report Format: PDF

Plier Market Trends

The plier industry is witnessing significant technological innovations aimed at enhancing functionality and user experience. Manufacturers are integrating ergonomic designs to reduce user fatigue and improve grip, catering to both professional tradespeople and DIY enthusiasts. For instance, Klein Tools emphasizes the importance of comfort and efficiency in their plier designs, as ergonomically designed handles provide greater comfort and less stress on the hand. Additionally, the incorporation of high-performance materials, such as chrome-vanadium steel, has improved durability and corrosion resistance, extending the lifespan of the pliers.
 

Furthermore, environmental considerations are increasingly influencing manufacturing practices within the plier industry. Companies are adopting sustainable materials and eco-friendly production processes to minimize their environmental footprint. For example, Stanley Black & Decker has committed to reducing carbon emissions and promoting sustainability across its operations.
 

The rise of e-commerce has transformed the distribution landscape for pliers, providing manufacturers and retailers with direct access to a global customer base. Online platforms offer consumers the convenience of comparing products, reading reviews, and making informed purchasing decisions from the comfort of their homes. Home Depot, a leading retailer, has expanded its online presence, as customers are increasingly turning to digital channels for their tool purchases.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for plier was valued at USD 3.4 billion in 2023 and is expected to reach USD 4.8 billion by 2032, driven by a CAGR of over 4.2% from 2024 to 2032.

Locking pliers accounted for approximately USD 1.5 billion in revenue in 2023 and are projected to grow at a CAGR of around 3.4% from 2024 to 2032, driven by their versatile functionality and high durability.

The U.S. market was valued at USD 700 million in 2023 and is estimated to grow at a CAGR of over 3.6% from 2024 to 2032, driven by its substantial industrial base and robust DIY culture.

Major players in the industry include Akar Tools, Apex Tool Group, CHISEN Tools, Klein Tools, Knipex Tools, Lisle Corp, MARUTO HASEGAWA KOSAKUJO, Park Tool, Rennsteig Werkzeuge, Snap-on, Stanley Black & Decker, Taparia Tools, TOP KOGYO, TOPTUL, and Tsunoda Corporation.

Plier Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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