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Push Pull Tools Market Size
The global push pull tools market was valued at USD 1.14 billion in 2023 and is estimated to grow at a CAGR of over 4.2% from 2024 to 2032.
As sectors like manufacturing, automotive, and construction increasingly embrace industrial automation, the demand for push-pull tools is surging. These tools play a crucial role in operations that demand precision and efficiency, such as maneuvering heavy objects and components. By cutting labor costs and boosting productivity, automation is making the adoption of push-pull tools even more appealing.
What is the market share of the oil & gas segment in the push pull tools industry?
The oil & gas segment held 29% of the market share in 2023 and is anticipated to grow at a 4.5% CAGR from 2024 to 2032, led by the need for regular maintenance and alignment of heavy equipment.
Why is the use of standard push-pull tools rising?
The standard push-pull tools segment generated USD 499 million in 2023 and is expected to reach USD 718 million by 2032, as these tools are essential for efficient material handling and improving worker safety.
How big is the push pull tools market?
The global market for push pull tools was reached USD 1.14 billion in 2023 and is projected to grow at a 4.2% CAGR from 2024 to 2032, driven by increasing demand for industrial automation.
What trends are influencing the U.S. push pull tools market growth?
The U.S. push pull tools market surpassed USD 240 million in 2023 and is projected to reach USD 348 million by 2032, fueled by the advanced manufacturing sector's reliance on these tools for operational efficiency.
Who are the major players in the push pull tools market?
Key players in the market include Cleveland Cable Company, Enerpac Tool Group, Graco Inc., Grote Industries, Inc., Hilti Corporation, Hydratight, Jergens, Inc., Lindapter International Ltd., Master Pull, LLC, Ridge Tool Company, Schroeder Industries, SPX Flow, Inc., Stanley Black & Decker, Inc., Tuthill Corporation, and WIKA Instruments Ltd.