Product Code: ETC041225 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India pliers market is expected to grow at a CAGR of 5.3% during the forecast period 2020-2026. Pliers are hand tools used for gripping, cutting and bending objects such as wires, pipes and fasteners. India`s rising industrialization and development of infrastructure coupled with increasing number of automobile manufacturing plants will create significant demand for pliers in the country. Growing internet penetration and e-commerce facility are also propelling the growth of this industry in India.
The major factor driving the growth of India?s plier market includes rapid urbanization, increased investments in construction activities as well as automotive & transportation industry along with government initiatives towards Make In India program which focus on encouraging foreign companies to set up their business base in India thus boosting the production rate within the country leading to more use of plier tools within various sectors accordingly fueling its further demand across different regions throughout India. Moreover, burgeoning disposable income level among Indian consumers have enabled them to purchase more sophisticated products leading to an increase in sales volumes thereby creating lucrative opportunities for domestic manufacturers operating within this business domain over forthcoming years. Additionally, modernizing technology advancements combined with smart product features such as light weight design & ergonomically designed handles accompanied by reduced prices due to cost cutting measures adopted by players operating within this sector has been instrumental in attracting consumers from all economic strata thereby contributing significantly towards augmenting overall revenue generated from these products accordingly providing impetus to its further expansion over next few years ahead.
However, certain factors may restrain or slow down progress made by companies involved within this space including lack availability skilled labor force especially from rural areas resulting into shortage of human resource required for production processes along with presence low quality raw materials sourced domestically resulting into compromised end product outcome hindering prospects overall performance levels attained while operating under extremely competitive environment prevailing across nation might pose some challenges while attempting gain substantial returns foreseeable future.
Some key players present across Indian Pliers Market include Bahco Tools Pvt Ltd., Inditools Manufacturing Company Pvt Ltd., Wilton International Pvt Ltd., Ratchet Industries Private Limited , Bajaj Steel Industries Limited , Apex Hand Tools (India) Private Limited etc . These companies are utilizing advanced technologies like 3D printing for developing better quality multi purpose products that can be utilized widely across several industries simultaneously leading enhanced profits over long run respectively . The said players also rely heavily upon strategic
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Pliers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pliers Market Revenues & Volume, 2020 & 2030F |
3.3 India Pliers Market - Industry Life Cycle |
3.4 India Pliers Market - Porter's Five Forces |
3.5 India Pliers Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 India Pliers Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 India Pliers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Pliers Market Trends |
6 India Pliers Market, By Types |
6.1 India Pliers Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Pliers Market Revenues & Volume, By Types, 2020-2030F |
6.1.3 India Pliers Market Revenues & Volume, By Cutting pliers, 2020-2030F |
6.1.4 India Pliers Market Revenues & Volume, By Crimping pliers, 2020-2030F |
6.1.5 India Pliers Market Revenues & Volume, By Linesman?s Pliers, 2020-2030F |
6.1.6 India Pliers Market Revenues & Volume, By Locking Pliers, 2020-2030F |
6.1.7 India Pliers Market Revenues & Volume, By Needle-Nose Pliers, 2020-2030F |
6.1.8 India Pliers Market Revenues & Volume, By Water-Pump Pliers, 2020-2030F |
6.1.9 India Pliers Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 India Pliers Market Revenues & Volume, By Others, 2020-2030F |
6.2 India Pliers Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Pliers Market Revenues & Volume, By Industrial, 2020-2030F |
6.2.3 India Pliers Market Revenues & Volume, By Automotive professional mechanic, 2020-2030F |
6.2.4 India Pliers Market Revenues & Volume, By Electrician, 2020-2030F |
6.2.5 India Pliers Market Revenues & Volume, By General maintenance, 2020-2030F |
7 India Pliers Market Import-Export Trade Statistics |
7.1 India Pliers Market Export to Major Countries |
7.2 India Pliers Market Imports from Major Countries |
8 India Pliers Market Key Performance Indicators |
9 India Pliers Market - Opportunity Assessment |
9.1 India Pliers Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 India Pliers Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 India Pliers Market - Competitive Landscape |
10.1 India Pliers Market Revenue Share, By Companies, 2023 |
10.2 India Pliers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |