Market Overview:
The global measuring 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 precision and accuracy in measurements, rising construction and manufacturing activities, and growing awareness about the benefits of using measuring tools. The global measuring tools market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into tapes, levels, squares & rulers. Tapes are further sub-segmented into steel tapes and fiberglass tapes. Levels are further sub-segmented into spirit levels and digital levels. Squares & rulers are further sub-segmented into metal squares & rulers and plastic squares & rulers. On the basis of application, the market is segmented into commercial applications such as construction sites or factories; household applications such as kitchens or bathrooms; education institutions; research laboratories; government organizations; military establishments; other applications including automotive industry or medical sector etcetera). The commercial application segment dominates this market followed by household applications owing to increase in spending on renovation activities across different regions worldwide which indirectly drives demand for these products used for measurement purposes during renovation works/projects .
Product Definition:
A measuring tool is a physical device that is used to accurately measure lengths, angles, volumes or other distances or quantities. The most common type of measuring tool is the ruler, which measures length in inches or centimeters. Other common measuring tools include tape measures, calipers and scales.
The importance of measuring tools lies in their ability to provide accurate measurements that can be relied on for various applications. Measuring tools are used in a wide range of industries, including construction, engineering and manufacturing. In many cases, precise measurements are critical for ensuring the accuracy of products and processes.
Tapes:
Tapes are used in measuring tools for securing, holding and restraining objects. They are widely used in packaging industries to hold the wrapping paper or plastic sheets around a box. Tapes also find their usage as sealing tapes which is further expected to drive market growth over the forecast period.
The global tapes, it's usage and growth factor in Measuring Tools market size was valued at USD 4,64 billion in 2015.
Levels:
The levels are used to measure the surface of an object and provide a reading from 0 to 100000. It is also used in laser measuring instruments, spirit level, bubble level and many other applications. The market for levels is expected to grow at a CAGR (Compound Annual Growth Rate) of 5% over the forecast period owing to its varied use in construction & building, automotive industry and electronics sector among others.
Application Insights:
The commercial application segment dominated the global measuring tools market, accounting for more than 60.0% share of the total revenue in 2017. The growth of this segment is attributed to an increase in construction activities and manufacturing sectors across various regions, including Asia Pacific and Middle East & Africa.
The household application segment is expected to witness significant growth over the forecast period owing to a rise in consumer spending on home improvement projects, such as renovation of kitchen or bathroom fittings with new equipment and fixtures. In addition, consumers are likely to invest more on luxury goods for their homes due to an increase in disposable income levels across various regions globally.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of construction and mining companies. The region is expected to maintain its dominance over the forecast period due to increasing investments in infrastructure development projects, such as new commercial buildings, roads and airports. In addition, rising demand for consumer goods is anticipated to drive product adoption across this region.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing with rapid industrialization and urbanization taking place across countries like China and India. Growing construction activities are also estimated to fuel regional product demand over the coming years.
Growth Factors:
- Increasing demand for accuracy and precision in manufacturing and production processes
- Growing popularity of quality control management systems in various industries
- Proliferation of automated systems that require measuring tools for calibration and operation
- Rising need for customized measurement solutions to cater to specific requirements of different industries
- Technological advancements that result in innovative measuring tools with enhanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Measuring Tools Market Research Report
By Type
Tapes, Levels, Squares
By Application
Commercial, Household
By Companies
Stanley, Apex Tool Group, Great Wall Precision, TTi, Snap-on Inc., Ideal Industries, Textron, Klein Tools, Wurth Group, Tajima, Knipex, Irwin, PHOENIX, Wiha, Channellock, Pro'skit, Ajay, Akar Tools, JPW Industries, JK Files, DUCK, JETECH, Excelta, Sinotools
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Measuring Tools Market Report Segments:
The global Measuring Tools market is segmented on the basis of:
Types
Tapes, Levels, Squares
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
Commercial, Household
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:
- Stanley
- Apex Tool Group
- Great Wall Precision
- TTi
- Snap-on Inc.
- Ideal Industries
- Textron
- Klein Tools
- Wurth Group
- Tajima
- Knipex
- Irwin
- PHOENIX
- Wiha
- Channellock
- Pro'skit
- Ajay
- Akar Tools
- JPW Industries
- JK Files
- DUCK
- JETECH
- Excelta
- Sinotools
Highlights of The Measuring 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:
- Tapes
- Levels
- Squares
- By Application:
- Commercial
- Household
- 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 Measuring 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?
Measuring tools are devices that are used to measure distances, angles, and other physical quantities.
Some of the key players operating in the measuring tools market are Stanley, Apex Tool Group, Great Wall Precision, TTi, Snap-on Inc., Ideal Industries, Textron, Klein Tools, Wurth Group, Tajima, Knipex, Irwin, PHOENIX, Wiha, Channellock, Pro'skit, Ajay, Akar Tools, JPW Industries, JK Files, DUCK, JETECH, Excelta, Sinotools.
The measuring tools market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Measuring 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. Measuring Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Measuring Tools Market - Supply Chain
4.5. Global Measuring Tools Market Forecast
4.5.1. Measuring Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Measuring Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Measuring Tools Market Absolute $ Opportunity
5. Global Measuring 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. Measuring Tools Market Size and Volume Forecast by Type
5.3.1. Tapes
5.3.2. Levels
5.3.3. Squares
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Measuring 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. Measuring Tools Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Household
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Measuring 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. Measuring 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 Measuring 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. Measuring 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 Measuring Tools Demand Share Forecast, 2019-2026
9. North America Measuring 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 Measuring 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 Measuring Tools Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Household
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Measuring Tools Market Size and Volume Forecast by Type
9.7.1. Tapes
9.7.2. Levels
9.7.3. Squares
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 Measuring Tools Demand Share Forecast, 2019-2026
10. Latin America Measuring 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 Measuring 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 Measuring Tools Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Household
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Measuring Tools Market Size and Volume Forecast by Type
10.7.1. Tapes
10.7.2. Levels
10.7.3. Squares
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 Measuring Tools Demand Share Forecast, 2019-2026
11. Europe Measuring 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 Measuring 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 Measuring Tools Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Household
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Measuring Tools Market Size and Volume Forecast by Type
11.7.1. Tapes
11.7.2. Levels
11.7.3. Squares
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 Measuring Tools Demand Share, 2019-2026
12. Asia Pacific Measuring 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 Measuring 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 Measuring Tools Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Household
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Measuring Tools Market Size and Volume Forecast by Type
12.7.1. Tapes
12.7.2. Levels
12.7.3. Squares
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 Measuring Tools Demand Share, 2019-2026
13. Middle East & Africa Measuring 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 Measuring 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 Measuring Tools Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Household
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Measuring Tools Market Size and Volume Forecast by Type
13.7.1. Tapes
13.7.2. Levels
13.7.3. Squares
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 Measuring Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Measuring Tools Market: Market Share Analysis
14.2. Measuring Tools Distributors and Customers
14.3. Measuring Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Apex Tool Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Great Wall Precision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TTi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Snap-on Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ideal Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Textron
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. Wurth Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tajima
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Knipex
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Irwin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. PHOENIX
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wiha
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Channellock
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Pro'skit
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ajay
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Akar Tools
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. JPW Industries
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. JK Files
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
