Adjustable Gripping Hand Tools Market

Adjustable Gripping Hand Tools Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028

  • Ongoing
  • October 2020
  • REP-GB-7409
  • Format: PDF/PPT/Excel
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This Adjustable Gripping Hand Tools market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Adjustable Gripping Hand Tools market.

GlobalAdjustable Gripping Hand Tools Market: Introduction

Concentrating the entire strength in opening a tight lid of a container or grasping hard to hold objects is tough for people with limited motor coordination or a weak grip. These tasks are made easier by adjustable gripping hand tools. The adjustable hand tools enable easy and focused concentration of strength of the hand for twisting, screwing or pulling off stuck objects that normally require huge amount of physical strength. Most of the companies offer varied types of adjustable gripping hand tools, however, their objective remains the same. Adjustable gripping hand tools offer the ability to be adjusted according to the width and circumference of the object that is to be grasped. Some common examples of household purposes where adjustable gripping hand tools are used include opening childproofed caps, pulling tightly stuck electric bulbs, twisting the tops off of bottles and turning the stuck knobs of household appliances. Sturdier metallic adjustable gripping hand tools are also used for mechanical and masonry purposes, such as plumbing and construction. Currently, the companies operating in the market are offering lightweight adjustable gripping hand tools that are made of a sturdy plastic material, and their gripping jaws are made of texturized rubber, facilitating a firm and slip resistant grip. Also, some adjustable gripping hand tools portray a gripping part that has a plurality of gripping and aligning elements. Though less common, specialized wire and fence cutters promoted by manufacturers also fall under the category of adjustable gripping hand tools.

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GlobalAdjustable Gripping Hand Tools Market:Drivers and Challenges

Adjustable gripping hand tools can be calibrated to different sizes. A normal adjustable gripping hand tool can be altered to thirteen or more different widths. This is the primary factor expected to drive the growth of the global adjustable gripping hand tools market. Adjustable gripping hand tools offer the ease of imparting movement to a work piece that would otherwise be tough to accomplish. The adjustable gripping hand tool is embodied in adjustable socket wrenches, pipe wrenches, crimpers, vice grips, nut and bolt cutters, and tube and pipe cutters. These features are expected to promote the growth of the overall adjustable gripping hand tools market over the forecast period.

However, the lack of automatic resizing factor might challenge the growth of the adjustable gripping hand tools market. In case of some adjustable gripping hand tools and cutting tools, the object is often left distorted after, due to the application of several asymmetrical torque and forces against the object. Such factors are expected to hinder the growth of the global adjustable gripping hand tools market. The offering of second copy or degraded quality of adjustable gripping hand tools in the grey market is also expected to hinder the growth of the market to some extent.

Global Adjustable Gripping Hand Tools Market: Regional Overview

North America is expected to hold significant share in the global adjustable gripping hand tools market during the forecast period. This is due to the self-help and do-it-yourself mindset of the general population. Also, adjustable gripping hand tools enhance the efficiency of an industrial process, thus increasing the productivity. With the ever-rising industrial growth in the Southeast Asian and Other Asia Pacific economies, SEA and Other APAC is expected to register a high growth rate in the adjustable gripping hand tools market, among all other regions.

Global Adjustable Gripping Hand Tools Market: Key Players

Adjustable gripping hand tools market is expected to be highly fragmented market, owing to a vast number of local manufacturers. Examples of some of the key participants in the global adjustable gripping hand tools market identified across the value chain include:

  • Emerson Electric Co.
  • KNIPEX
  • IREGA
  • Hermann Zerver GmbH & Co. KG
  • Rennsteig Tools, Inc.
  • GRIP-ON-TOOLS, S.A.
  • Milwaukee Electric Tool Corporation
  • Kleinbongartz and Kaiser Ohg
  • KIRCHHOFF Grou
  • Virax
  • Berger Tools Ltd
  • OSCA
  • Nes Thread Repair

Brief Approach to Research

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Adjustable Gripping Hand Tools Market: Segmentation

On the basis of product type, the global adjustable gripping hand tools market has been segmented as:

  • Pliers
  • Clamps
  • Cutters
  • Wrenches
  • Drills
  • Fasteners
  • Hammers
  • Screwdrivers
  • Others

On the basis of application, the global adjustable gripping hand tools market has been segmented as:

  • Industrial
  • Household

On the basis of end users, the global adjustable gripping hand tools market has been segmented as:

  • Mechanics
  • Electricians
  • Woodworkers
  • Plumbers
  • Roofer
  • Metalworker
  • Farmers
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Adjustable Gripping Hand Tools Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Adjustable Gripping Hand Tools Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Adjustable Gripping Hand Tools Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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