Market Overview:
The global electrical wiring tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electrical wiring tools in personal, electronic industry, and other applications. In terms of type, the cutter segment is expected to lead the global electrical wiring tools market during the forecast period. This can be attributed to its growing demand in personal and electronic industry applications.
Product Definition:
Electrical wiring tools are used to help in the installation and maintenance of electrical wiring. They include tools like wire strippers, crimpers, scissors, and pliers. These tools make it easier to work with electrical wiring, making the installation process safer and faster.
Cutter:
Cutter is a specialized tool used to cut wires and cables. It’s an important tool in electrical wiring tools market owing to its varied applications such as cutting electric wires, cable TV runs, phone lines, power cords and others. The demand for cutter is expected to grow at a significant rate over the forecast period owing to the increasing use of electricity across the globe.
Stripper:
Stripper is a tool that is used to separate the insulation from the conductors in electrical wiring tools. It has different forms such as pliers, hand tools, and heavy-duty equipment for removing protective insulations from wires or cables. The most common use of stripper is to remove plastic insulation from power cord prongs or outlets after plugging into an electric outlet.
The global Stripper.
Application Insights:
The personal application segment dominated the global electrical wiring tools market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to increasing demand for home remodeling and renovation activities across various regions, including North America and Europe. According to a study conducted by trade organization Remodeler¢â‚¬â„¢s Guild in 2016, nearly 70% of U.S homeowners plan to undertake some form of home improvement activity over the next two years. This trend is expected to drive product demand in personal applications over the forecast period.
Electronic industry accounted for more than 31% share of global revenue in 2017 owing to rapid industrialization along with urbanization and rising disposable income levels among certain population groups that are most likely to purchase electronic devices such as smartphones.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rapid urbanization in developing countries, such as China and India. In addition, rising disposable income levels are anticipated to fuel demand for consumer electronics products, thereby driving product sales in retail stores.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high demand from end-use industries across various applications including personal care & cosmetics, electronic industry and others. Moreover, an increase in foreign investments coupled with favorable government policies aimed at promoting manufacturing activities is likely to boost regional market growth over the next eight years.
Growth Factors:
- Increasing demand for electrical wiring in residential and commercial buildings
- Growing awareness about the benefits of using electrical wiring tools
- Rising demand for smart homes and green buildings
- Technological advancements in electrical wiring tools
- Growing popularity of do-it-yourself (DIY) projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Wiring Tools Market Research Report
By Type
Cutter, Stripper, Others
By Application
Personal, Electronic Industry, Others
By Companies
Klein Tools, Daniels Manufacturing Corporation, Thexton, Electro Enterprises, Tsunoda Co, Fujiya, Elecmit Electrical, Wiring Harness Electronic Tools Breakdown Data by Type, Cutter, Stripper, Greenlee, Ripley Tools, TE, Minnesota Wire, Alan Wire
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Wiring Tools Market Report Segments:
The global Electrical Wiring Tools market is segmented on the basis of:
Types
Cutter, Stripper, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Electronic Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Klein Tools
- Daniels Manufacturing Corporation
- Thexton
- Electro Enterprises
- Tsunoda Co
- Fujiya
- Elecmit Electrical
- Wiring Harness Electronic Tools Breakdown Data by Type
- Cutter
- Stripper
- Greenlee
- Ripley Tools
- TE
- Minnesota Wire
- Alan Wire
Highlights of The Electrical Wiring Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cutter
- Stripper
- Others
- By Application:
- Personal
- Electronic Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Wiring Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical wiring tools are a set of specialized equipment used to inspect, test, and repair electrical wiring. They may include voltmeters, ammeters, multimeters, and other measuring devices.
Some of the key players operating in the electrical wiring tools market are Klein Tools, Daniels Manufacturing Corporation, Thexton, Electro Enterprises, Tsunoda Co, Fujiya, Elecmit Electrical, Wiring Harness Electronic Tools Breakdown Data by Type, Cutter, Stripper, Greenlee, Ripley Tools, TE, Minnesota Wire, Alan Wire.
The electrical wiring tools market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Wiring Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Wiring Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Wiring Tools Market - Supply Chain
4.5. Global Electrical Wiring Tools Market Forecast
4.5.1. Electrical Wiring Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Wiring Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Wiring Tools Market Absolute $ Opportunity
5. Global Electrical Wiring Tools Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Wiring Tools Market Size and Volume Forecast by Type
5.3.1. Cutter
5.3.2. Stripper
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Wiring Tools Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Wiring Tools Market Size and Volume Forecast by Application
6.3.1. Personal
6.3.2. Electronic Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Wiring Tools Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Wiring Tools Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Wiring Tools Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Wiring Tools Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Wiring Tools Demand Share Forecast, 2019-2026
9. North America Electrical Wiring Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Wiring Tools Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Wiring Tools Market Size and Volume Forecast by Application
9.4.1. Personal
9.4.2. Electronic Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Wiring Tools Market Size and Volume Forecast by Type
9.7.1. Cutter
9.7.2. Stripper
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Wiring Tools Demand Share Forecast, 2019-2026
10. Latin America Electrical Wiring Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Wiring Tools Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Wiring Tools Market Size and Volume Forecast by Application
10.4.1. Personal
10.4.2. Electronic Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Wiring Tools Market Size and Volume Forecast by Type
10.7.1. Cutter
10.7.2. Stripper
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Wiring Tools Demand Share Forecast, 2019-2026
11. Europe Electrical Wiring Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Wiring Tools Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Wiring Tools Market Size and Volume Forecast by Application
11.4.1. Personal
11.4.2. Electronic Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Wiring Tools Market Size and Volume Forecast by Type
11.7.1. Cutter
11.7.2. Stripper
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.0. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Wiring Tools Demand Share, 2019-2026
12. Asia Pacific Electrical Wiring Tools Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Wiring Tools Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Wiring Tools Market Size and Volume Forecast by Application
12.4.1. Personal
12.4.2. Electronic Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Wiring Tools Market Size and Volume Forecast by Type
12.7.1. Cutter
12.7.2. Stripper
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Wiring Tools Demand Share, 2019-2026
13. Middle East & Africa Electrical Wiring Tools Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Wiring Tools Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Wiring Tools Market Size and Volume Forecast by Application
13.4.1. Personal
13.4.2. Electronic Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Wiring Tools Market Size and Volume Forecast by Type
13.7.1. Cutter
13.7.2. Stripper
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Wiring Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Wiring Tools Market: Market Share Analysis
14.2. Electrical Wiring Tools Distributors and Customers
14.3. Electrical Wiring Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Klein Tools
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daniels Manufacturing Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thexton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Electro Enterprises
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tsunoda Co
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fujiya
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elecmit Electrical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wiring Harness Electronic Tools Breakdown Data by Type
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cutter
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Stripper
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Greenlee
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ripley Tools
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Minnesota Wire
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Alan Wire
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook