The global 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.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/insulated-tools-market
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.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Tools Type
o By Voltage Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o 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.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Insulated Tools Market Report Segment
By Tools Type
By Voltage Type
By Application
Global Insulated Tools Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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