Insulated Tools Market to Witness Robust Expansion by 2030

Insulated Tools Market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. One of the prominent factors that have been impacting the growth of the market is the rising demand for insulated tools from households. In recent years, the use of insulated tools has increased in households as the use of such tools is much easier. The rising electric connection in most households, electric products, and electricity-related connections are normal for most people. Such connections regularly face some the issues such as disconnection of the wires, non-workable switches, plugs, fuse changes, and others which can be resolved by oneself with a bit of practice and precaution.

Such issues have necessitated the use of insulated tools such as pliers, screwdrivers, cutters, and others in most households which has contributed to the insulated tools market to a significant extent. The market players are also aware of the home segment’s demand which has attracted them to launch new specific insulated tools, and tool sets with higher insulation capacity instead of professional kits which can be used by a family member. For instance, in October 2020, Klein Tools launched the hard-wearing screwdriver set used for electric work in their program ‘Listen, Innovate & Deliver. To increase safety, the 5-Piece VDE Insulated Screwdriver Set has a molded, and durable, slimline insulation that has raised most VDE standards for insulated tools with a safety rating of 1000V.

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Market Coverage

  • The market number available for – 2022-2030
  • Base year- 2022
  • Forecast period- 2024-2030

Segment Covered- 

  • By Tools Type
  • By Voltage Type
  • By Application

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Competitive Landscape- including Emerson Electric Co. (Greenlee), FAKRO America, LLC., Honeywell International Inc., IDEAL INDUSTRIES, INC., Stanley Black & Decker, Inc., and others.

Insulated Tools Market Report Segment

By Tools Type

  • Holding tools
  • Cutting tools
  • Driving tools
  • Others (Measuring tools)

By Voltage Type

  • High Voltage
  • Low Voltage

By Application

  • Home
  • Commercial

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Insulated Tools Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East and Africa

Company Profiles 

  • Fluke Corp.
  • Klein Tools, Inc.
  • KNIPEX
  • Megger Group Ltd
  • Milwaukee Electric Tool Corp.
  • SNA Europe group (Bahco)
  • Teng Tools
  • Wera Werkzeuge GmbH
  • Willi Hahn Corp.

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