E-commerce: An Emerging Platform for the Electrician Hand Tools Market

Tue, 22 September 2020 7:03

Electrician hand tools are specialized hand tools that are witnessing a significant surge in demand due to the widespread adoption of e-commerce. Several manufacturers in the electrician hand tools market are focusing on building their websites to increase customer retention and better understand consumer preferences.

Asia-Pacific is projected to witness high growth in the electrician hand tools market. Japan, South Korea, and Singapore are frontrunners in the regional market growth. China is one of the largest exporters of electrician hand tools, as the country is backed by the presence of leading companies such as Booher.

Economic growth in Asia-Pacific has urged the regional governments to improve electricity access in rural areas. In line with this, authorities, especially in Southeast Asian countries, are channelizing efforts to expand grid-based electrification in rural areas. Electrification initiatives involve the establishment of transmission lines and power utilities, which require tools. Thus, the expansion of the power industry is expected to positively influence the demand for electrician hand tools in the long run.

Got questions about your regional growth of

Electrician Hand Tools Market?

Just drop us a line or call on +1 646 480 7505

Impact of COVID-19

The COVID-19 pandemic will considerably impact the consumer income and negatively impact their buying power, which will further affect the electrician hand tools market whose prime consumer is involved in the do it yourself (DIY) and repair jobs. As economies continue with their protectionist policies, they are projected to support industrial growth to reduce their dependencies on imports. This will witness a positive growth rate, mainly driven by the industrial end-user segment.

Key Players

  • Stanley Black & Decker, Inc.
  • Wiha Werkzeuge GmbH
  • Klein Tools, Inc.
  • Booher Industrial Tools (Shanghai) Co., Ltd.
  • KS Tools Werkzeuge-Maschinen GmbH
  • Cementex Products, Inc.
  • Tengtools International Sweden AB
  • KNIPEX-Werk C. Gustav Putsch KG
  • Jetech Tool Co. Ltd
  • Honeywell International Inc.

Electrician Hand Tools Market Segmentation

By Product Type

  • Insulated Screw Drivers
  • Insulated Nut Drivers
  • Insulated Pliers
  • Insulated Cable Cutters

By End-User

  • Industrial
  • Residential
  • Commercial

By Sales Channel

  • Direct Sales
  • Distributor

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

View Full Report Buy This Report Now