Market Overview:
The global cutting pliers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric power and other applications, and the growing popularity of DIY (Do It Yourself) projects. In terms of type, the nickel-chrome alloy steel segment is expected to lead the global cutting pliers market during the forecast period, followed by chromium vanadium alloy steel and high-carbon steel segments. The household segment is expected to lead in terms of application during the forecast period, followed by electric power and other applications segments. North America accounted for majority share in 2017 and is projected to maintain its dominance throughout 2030 owing to technological advancements coupled with rising disposable income levels across developed economies such as U.S.
Product Definition:
A type of pliers used to cut wire and other thin materials.
Nickel-Chrome Alloy Steel:
Nickel-Chrome alloy steel is a special type of steel that contains nickel and chrome along with other metals. It has excellent resistance to rust, oxidation, and carburization. The product finds its major application in the manufacturing of cutting pliers owing to its characteristics such as high strength, toughness, ductility & hardness coupled with corrosion resistance.
Chromium Vandium Alloy Steel:
Chromium vandium alloy steel is a type of high strength steel that contains both chromium and vanadium in combination with carbon. It has excellent mechanical, magnetic, and electrical properties which makes it suitable for use in various industries such as automotive, construction equipment industry etc. The global cutting pliers market is expected to witness significant growth over the forecast period on account of increasing demand from end-user industries such as construction equipment industry.
Application Insights:
The other application segment includes construction, automotive, and industrial applications. The product is widely used in the construction industry for cutting of wires and cables as well as for breaking of nails and screws. In addition to this, they are also used in the household sector for cutting fruits and vegetables such as onions, garlics etc., which is expected to drive demand over the forecast period.
The global electric power sector has witnessed significant growth owing to increasing investments from various countries across Asia Pacific region including China India Japan Australia Philippines etc. This factor has led to an increased demand for high-quality steel products which can withstand extreme temperatures without getting affected thereby driving the industry growth over the forecast period.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. In addition, rising disposable income levels are expected to drive demand for consumer electronics products, which will have a positive impact on industry growth over the forecast period.
The North American market was valued at USD X million in 2017 and is projected to witness steady growth over the coming years owing to increasing use of cutting tools by electricians, plumbers, HVAC technicians among others for performing various tasks such as installation or repair work around water pipes, gas lines and other utility lines that run through walls or ceilings. The U.S.
Growth Factors:
- Increasing demand for Cutting Pliers in the automotive and aerospace industries due to their ability to quickly and easily cut through metal parts.
- Growing popularity of DIY projects, which has led to an increase in the use of Cutting Pliers by homeowners and hobbyists.
- Rising demand from construction companies for Cutting Pliers as a result of the increasing number of infrastructure projects being undertaken worldwide.
- The increasing use of Cutting Pliers in medical applications as a result of their precision and accuracy when performing delicate tasks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cutting Pliers Market Research Report
By Type
Nickel-Chrome Alloy Steel, Chromium Vandium Alloy Steel, High-Carbon Steel, Ductile Iron
By Application
Household, Electric Power, Other
By Companies
NWS, GearWrench, Channellock, Helmut Schmitz, Bohle, Armstrong Tools, HAUPA GmbH, Craftsman, KNIPEX, NWS
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Cutting Pliers Market Report Segments:
The global Cutting Pliers market is segmented on the basis of:
Types
Nickel-Chrome Alloy Steel, Chromium Vandium Alloy Steel, High-Carbon Steel, Ductile Iron
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
Household, Electric Power, Other
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:
- NWS
- GearWrench
- Channellock
- Helmut Schmitz
- Bohle
- Armstrong Tools
- HAUPA GmbH
- Craftsman
- KNIPEX
- NWS
Highlights of The Cutting Pliers 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:
- Nickel-Chrome Alloy Steel
- Chromium Vandium Alloy Steel
- High-Carbon Steel
- Ductile Iron
- By Application:
- Household
- Electric Power
- Other
- 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 Cutting Pliers 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?
Cutting pliers are a type of tool used to grip and cut materials. They typically have two curved, sharpened metal jaws that can be opened wide to grip an object securely, then squeezed closed to cut it.
Some of the key players operating in the cutting pliers market are NWS, GearWrench, Channellock, Helmut Schmitz, Bohle, Armstrong Tools, HAUPA GmbH, Craftsman, KNIPEX, NWS.
The cutting pliers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cutting Pliers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cutting Pliers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cutting Pliers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cutting Pliers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cutting Pliers Market Size & Forecast, 2020-2028
4.5.1 Cutting Pliers Market Size and Y-o-Y Growth
4.5.2 Cutting Pliers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Nickel-Chrome Alloy Steel
5.2.2 Chromium Vandium Alloy Steel
5.2.3 High-Carbon Steel
5.2.4 Ductile Iron
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Electric Power
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cutting Pliers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cutting Pliers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Nickel-Chrome Alloy Steel
9.6.2 Chromium Vandium Alloy Steel
9.6.3 High-Carbon Steel
9.6.4 Ductile Iron
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Electric Power
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Nickel-Chrome Alloy Steel
10.6.2 Chromium Vandium Alloy Steel
10.6.3 High-Carbon Steel
10.6.4 Ductile Iron
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Electric Power
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Nickel-Chrome Alloy Steel
11.6.2 Chromium Vandium Alloy Steel
11.6.3 High-Carbon Steel
11.6.4 Ductile Iron
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Electric Power
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Nickel-Chrome Alloy Steel
12.6.2 Chromium Vandium Alloy Steel
12.6.3 High-Carbon Steel
12.6.4 Ductile Iron
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Electric Power
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Nickel-Chrome Alloy Steel
13.6.2 Chromium Vandium Alloy Steel
13.6.3 High-Carbon Steel
13.6.4 Ductile Iron
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Electric Power
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cutting Pliers Market: Competitive Dashboard
14.2 Global Cutting Pliers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NWS
14.3.2 GearWrench
14.3.3 Channellock
14.3.4 Helmut Schmitz
14.3.5 Bohle
14.3.6 Armstrong Tools
14.3.7 HAUPA GmbH
14.3.8 Craftsman
14.3.9 KNIPEX
14.3.10 NWS
