Insulated Tools Market 2022-2028

Description

List of Tables

Title:Global Insulated Tools Market Size, Share & Trends Analysis Report by Tools Type (Holding tools, Cutting tools, Driving tools, and Others), by Voltage Type (High Voltage, and Low Voltage), and by Application (Home, and Commercial) Forecast Period (2022-2028).

The global insulated tools market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. One of the key factors that are boosting the growth of the market is the necessity of these tools in the present. Insulated tools have been an essential part of most of the works for decades, however, in the recent technological development, it has become a necessity as the voltage of some products such as electric vehicles is very high. The market is growing exponentially across the globe that works on a very high voltage which can kill a person in just 1 second if proper high voltage insulated tools are not used while checking the vehicle by a practiced electrician. Such advancement has increased the demand for insulated tools and shows huge potential in the upcoming years.

The global insulated tools market is segmented based on the tools type, voltage type, and application. Based on the type of tool, the market is segmented into holding tools, cutting tools, driving tools, and others. Based on the voltage type, the market is sub-segmented into high voltage and low voltage. Based on the application, the market is sub-segmented into the home, and commercial. The above-mentioned segments can be customized as per the requirements. Based on application, the commercial segment is anticipated to grow significantly in the market during the forecast period owing to the increasing advanced electrical products. Some of these products work on high voltage which makes them specific professionals to use, and some advanced products require an experienced electrician to resolve or fix the product which also contributes to the demand for insulated tools in the commercial segment.

Geographically, the global insulated tools market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to grow significantly in the market during the forecast period attributing to the existing infrastructure, and continuous technological advancement in the region which has increased the demand for insulated tools. As per the annual report 2021 of Emerson Electric Co. (Greenlee), the underlying sales increased by 15% in the US with 53% sales shares held in the Americas region as compared to the global sales of the company.

The major companies serving the global insulated tools market include Emerson Electric Co. (Greenlee), FAKRO America, LLC., Honeywell International Inc., IDEAL INDUSTRIES, INC., Stanley Black & Decker, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2019, Sibille launched a Sockets Sets and Insulated Torque Wrenches from Sibille Fameca Electric (SFE). All are certified to EN 60900 / ISO 1174-1 / IEC 60900 / ISO 3315 standards and are planned to perform in the workshop. These are made for technicians working on electric vehicles.

Research Methodology

The market study of the global insulated tools market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Insulated Tools Market Research and Analysis by Tools Type.
Global Insulated Tools Market Research and Analysis by Voltage Type.
Global Insulated Tools Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global insulated tools market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global insulated tools market.
Insights about market determinants that are stimulating the global insulated tools market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026699

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Insulated Tools Market
Recovery Scenario of Global Insulated Tools Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Emerson Electric Co. (Greenlee)
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. FAKRO America, LLC.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Honeywell International Inc.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. IDEAL INDUSTRIES, INC.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Stanley Black & Decker, Inc.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Insulated Tools Market by Tools Type
- 4.1.1. Holding tools
- 4.1.2. Cutting tools
- 4.1.3. Driving tools
- 4.1.4. Others (Measuring tools)
4.2. Global Insulated Tools Market by Voltage Type
- 4.2.1. High Voltage
- 4.2.2. Low Voltage
4.3. Global Insulated Tools Market by Application
- 4.3.1. Home
- 4.3.2. Commercial

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Fluke Corp.
6.2. Klein Tools, Inc.
6.3. KNIPEX
6.4. Megger Group Ltd
6.5. Milwaukee Electric Tool Corp.
6.6. SNA Europe group (Bahco)
6.7. Teng Tools
6.8. Wera Werkzeuge GmbH
6.9. Willi Hahn Corp.