Market Overview:
The global insulated hand 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 insulated hand tools in industrial and residential applications. Additionally, the growing awareness about safety among workers is also propelling the demand for insulated hand tools globally. The screwdrivers segment is expected to hold the largest share of the global insulated hand tools market by type during the forecast period. This can be attributed to their wide usage in various applications across industries.
Product Definition:
Insulated hand tools are tools that have been coated in a material that will protect the user from electrical shock. These tools are important because they can prevent injuries while working with electricity.
Screwdrivers:
Screwdrivers are used to fasten the nuts and bolts in insulated hand tools. They are also used for removing these fasteners when the job is done. The growth factor of insulated hand tools market is increasing due to rapid industrialization, urbanization, growing population and government initiatives towards infrastructure development.
Wrench:
Wrenches are used in insulated hand tools for the purpose of tightening and loosening the nuts and bolts. The basic function of a nut-bolt combination is to provide mechanical advantage so that one can easily turn it by hand without using any power tool. There are different types of wrenches such as open end, box, adjustable, deep well, and specialty wrenches which have different sizes depending upon their applications.
Application Insights:
The industrial application segment dominated the global insulated hand tools market, accounting for over 60.0% share of the total revenue in 2017. The growth can be attributed to increasing demand from various industries including oil & gas, chemical, power generation and transportation among others. In addition to this, factors such as growing industrialization in developing countries coupled with rising disposable income levels is expected to drive the demand further over the forecast period.
Residential application accounted for a significant share of 31.1% in 2017 owing to increased spending on home improvement activities across all major economies worldwide including U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from residential as well as industrial applications. Asia Pacific has been witnessing rapid urbanization, which has resulted in an increasing number of construction activities across various countries including China, India, Japan and Indonesia. This factor is projected to fuel product demand over the next eight years.
Europe accounted for a significant share owing to high acceptance levels coupled with government initiatives favoring innovation in tools products across Germany, U.K.
Growth Factors:
- Increasing demand for insulated hand tools in the construction and automotive industries due to the benefits offered such as improved safety, durability and performance.
- Growing popularity of insulated hand tools among DIY enthusiasts and professionals owing to the advantages of using these tools over traditional ones.
- Rising awareness about the potential hazards associated with working with uninsulated hand tools, which is driving demand for insulated variants among consumers.
- Technological advancements that have led to the development of new and innovative products in the insulated hand tool market, thereby attracting more consumers towards these products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Insulated Hand Tools Market Research Report
By Type
Screwdrivers, Wrench, Reamer, Others
By Application
Industial, Residential
By Companies
Wiha, STANLEY, Honeywell, Knipex, BOOHER, Rosotion, Teng Tools, Klein Tools, Irwin, JK Files, DUCK, JETECH
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Insulated Hand Tools Market Report Segments:
The global Insulated Hand Tools market is segmented on the basis of:
Types
Screwdrivers, Wrench, Reamer, 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
Industial, Residential
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:
- Wiha
- STANLEY
- Honeywell
- Knipex
- BOOHER
- Rosotion
- Teng Tools
- Klein Tools
- Irwin
- JK Files
- DUCK
- JETECH
Highlights of The Insulated Hand 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:
- Screwdrivers
- Wrench
- Reamer
- Others
- By Application:
- Industial
- Residential
- 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 Insulated Hand 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?
Insulated hand tools are a type of tool that is designed to protect the user's hands from cold and heat. They are made out of materials such as rubber, plastic, or metal, and often have insulation on the handle to keep the user's hands warm.
Some of the major players in the insulated hand tools market are Wiha, STANLEY, Honeywell, Knipex, BOOHER, Rosotion, Teng Tools, Klein Tools, Irwin, JK Files, DUCK, JETECH.
The insulated hand 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. Insulated Hand 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. Insulated Hand Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Insulated Hand Tools Market - Supply Chain
4.5. Global Insulated Hand Tools Market Forecast
4.5.1. Insulated Hand Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Insulated Hand Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Insulated Hand Tools Market Absolute $ Opportunity
5. Global Insulated Hand 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. Insulated Hand Tools Market Size and Volume Forecast by Type
5.3.1. Screwdrivers
5.3.2. Wrench
5.3.3. Reamer
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Insulated Hand 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. Insulated Hand Tools Market Size and Volume Forecast by Application
6.3.1. Industial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Insulated Hand 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. Insulated Hand 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 Insulated Hand 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. Insulated Hand 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 Insulated Hand Tools Demand Share Forecast, 2019-2026
9. North America Insulated Hand 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 Insulated Hand 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 Insulated Hand Tools Market Size and Volume Forecast by Application
9.4.1. Industial
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Insulated Hand Tools Market Size and Volume Forecast by Type
9.7.1. Screwdrivers
9.7.2. Wrench
9.7.3. Reamer
9.7.4. 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 Insulated Hand Tools Demand Share Forecast, 2019-2026
10. Latin America Insulated Hand 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 Insulated Hand 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 Insulated Hand Tools Market Size and Volume Forecast by Application
10.4.1. Industial
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Insulated Hand Tools Market Size and Volume Forecast by Type
10.7.1. Screwdrivers
10.7.2. Wrench
10.7.3. Reamer
10.7.4. 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 Insulated Hand Tools Demand Share Forecast, 2019-2026
11. Europe Insulated Hand 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 Insulated Hand 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 Insulated Hand Tools Market Size and Volume Forecast by Application
11.4.1. Industial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Insulated Hand Tools Market Size and Volume Forecast by Type
11.7.1. Screwdrivers
11.7.2. Wrench
11.7.3. Reamer
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. 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 Insulated Hand Tools Demand Share, 2019-2026
12. Asia Pacific Insulated Hand 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 Insulated Hand 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 Insulated Hand Tools Market Size and Volume Forecast by Application
12.4.1. Industial
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Insulated Hand Tools Market Size and Volume Forecast by Type
12.7.1. Screwdrivers
12.7.2. Wrench
12.7.3. Reamer
12.7.4. 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 Insulated Hand Tools Demand Share, 2019-2026
13. Middle East & Africa Insulated Hand 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 Insulated Hand 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 Insulated Hand Tools Market Size and Volume Forecast by Application
13.4.1. Industial
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Insulated Hand Tools Market Size and Volume Forecast by Type
13.7.1. Screwdrivers
13.7.2. Wrench
13.7.3. Reamer
13.7.4. 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 Insulated Hand Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Insulated Hand Tools Market: Market Share Analysis
14.2. Insulated Hand Tools Distributors and Customers
14.3. Insulated Hand Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wiha
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. STANLEY
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Honeywell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Knipex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BOOHER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rosotion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Teng Tools
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Klein Tools
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Irwin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JK Files
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DUCK
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JETECH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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