Non-sparking Tools Market - Global Outlook & Forecast 2023-2028

Non-sparking Tools Market - Global Outlook & Forecast 2023-2028


The global non-sparking tools market is expected to grow at a CAGR of 3.65% from 2022 to 2028.

MARKET TRENDS & DRIVERS

Developing Pharmaceutical Sector

The pharmaceutical industry plays a significant role in the well-being of humans. In Europe, people are expected to live 30 years longer than 100 years ago. Since producing these medicines would require safe environments, using non-sparking tools becomes very important. Hence will propel the growth of the non-sparking tools market. Pharmaceutical industries are also working at developing vaccines for various conditions, such as Alzheimer’s dementia, among many others. Developing medicines for these would require non-sparking tools in the manufacturing facilities.

Rising Usage of Industrial Tools in Manufacturing Industries

In the manufacturing industry, non-sparking tools are quite significant. Non-sparking tools are essential to the global industries of general machinery, automobiles, aviation and aerospace, energy, medical, rail transit, and oil & gas, mining, and others. Moreover, non-sparking tools are one of the significant components of the oil & gas and mining industry.

Consistent Growth in the Construction Industry

The construction market is expected to grow to USD 15.21 trillion by 2030, and countries like the U.S., China, and India contribute more than 55% of this global growth. The world is witnessing new developments and market trends in the construction industry. Technological transformation is a major factor influencing the transition, and significant changes have been deployed throughout the industry, from design to installation. While building projects are becoming more complex, stringent policies governing employee safety, advanced precision tools, energy efficiency, and productivity are some of the major concerns. Further, the growing population, the rising demand for public construction activities, and rising investments in renewables and telecommunications are expected to fuel the growth in the construction industry during the forecast period, stimulating the development of the global non-sparking tools market.

SEGMENTATION INSIGHTS

INSIGHTS BY RAW MATERIALS

Copper and its alloys are the most widely used raw material to manufacture non-sparking tools, as copper is a malleable metal that can be shaped into any device. Copper being malleable allows it to be shaped into any form and gives it flexibility. Such reasons are having a positive impact on the non-sparking tools that are made with copper alloys across the globe. Due to such factors, the copper alloy segment will dominate the global non-sparking tools market during the forecast period.

Segmentation By Raw Materials
  • Copper Alloys
  • Brass
  • Bronze
  • Others
INSIGHTS BY PRODUCT TYPE

Non-sparking tools are a subset of handheld tools, and the unique selling point of these tools is that they do not create sparks and are very handy in workplaces that can be hazardous. The global non-sparking tools market by product type segments as general purpose, striking & cutting, digging, and other tools. The general purpose tools accounted for the largest share of the industry in 2022. Further, striking and cutting tools also have a significant share in the market. Striking tools are used in various applications like residential, automotive, construction, and household activities where these tools do not require any power to operate; hence, these are manually operated and easy to maintain, widely used by professionals and homeowners as these tools are easy to handle and less expensive than power tools and can be used in hazardous environments as well.

Segmentation By Product Type
  • General Purpose Tools
  • Striking & Cutting Tools
  • Digging Tools
  • Other Tools
INSIGHTS BY END-USERS

The global non-sparking tools market by end-users includes industrial, construction, and residential segments. The Industrial segment held the largest industry share in 2022. Non-sparking tools are used across various industries such as electronics, automobiles, aerospace, construction, and medical. The automotive, electronics and aerospace industries use non-sparking tools while manufacturing airplanes, cars, and electronic products, as multiple parts of these industries are produced in environments where caution needs to be taken. Moreover, in the aeronautic sector, products such as screwdrivers, hammers, pliers, and sockets have various applications during the connection of two plates, assembly of parts that will be installed, and installation of sensitive components such as radars, autopilot consoles, and many other factors.

Segmentation By End-users
  • Industrial
  • Automotive Industry
  • Oil & Gas Industry
  • Mining Industry
  • Aerospace Industry
  • Petro-Chemical & Chemical Industry
  • Explosive & Ammunition Manufacturing
  • Other Industries
  • Construction
  • Residential
INSIGHTS BY DISTRIBUTION CHANNEL

The offline distribution channel has the highest global non-sparking tools market share and is projected to continue its dominance during the forecast period. Factors such as the broader reach in areas that lack better connectivity and high consumer trust associated with touching and experiencing the quality of products are driving the growth of this segment. Further, one of the prime modes of equipment sales globally is through dealers and distributors in the offline feature. They play a significant role in offering products to potential customers. These dealers and distributors sell non-sparking tools from original equipment manufacturers.

Segmentation by Distribution Channel
  • Offline
  • Online
GEOGRAPHICAL ANALYSIS

APAC accounted for the most significant global non-sparking tools market share, accounting for over 31% in 2022. The APAC region, home to several industries, including manufacturing, services, automobiles, and electrical drives, consequently increases the need for industrial tools, specifically non-sparking tools, with applications in multiple industries. Furthermore, the growth of the non-sparking tools market is driven by the fact that countries like China, Japan, and India have a commendable market share in the global pharmaceutical sector. Further, the manufacturing industry in the Middle Eastern region is witnessing a significant change driven by rapid technological development. The oil and gas industry contributes about 40% of the UAE’s GDP.

Segmentation by Geography
  • North America
  • The U.S.
  • Canada
  • Europe
  • The U.K.
  • Germany
  • France
  • Italy
  • Spain
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Latin America
  • Brazil
  • Mexico
  • Argentina
COMPETITIVE LANDSCAPE

The global non-sparking tools market is highly fragmented, with many local and international players. Stanley Black & Decker, AMPCO, W.W. Grainer, Snap-On, and Gedore Werkzeugfavrik GMBH & Co.KG are a few prominent players alongside numerous domestic tool manufacturers that specialize in manufacturing non-sparking tools based on local demands and regulations. Many other players offer products with similar specifications, such as length, width, and cutting techniques, at low prices. This will likely intensify the price war among vendors in the non-sparking tools market during the forecast period.

Key Company Profiles
  • AMPCO Metal
  • Stanley Black & Decker
  • W.W. Grainger Inc
  • Snap On
Other Prominent Vendors
  • GEDORE Werkzeugfabrik GmbH & Co. KG
  • PAHWA METALTECH
  • Eastman Cast and Forge Ltd.
  • Cangzhou Marine Special Explosin-Proof Tools Manufacturing Co.Ltd.
  • Saunders Midwest LLC
  • Intercon USA Inc
  • ACB
  • EGA Group
KEY QUESTIONS ANSWERED:

1. How big is the non-sparking tools market?

2. What is the growth rate of the global non-sparking tools market?

3. Which region dominates the global non-sparking tools market share?

4. What are the significant trends in the non-sparking tools industry?

5. Who are the key players in the global non-sparking tools market?


1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY PRODUCT TYPE
4.3.2 MARKET SEGMENTATION BY END-USERS
4.3.3 MARKET SEGMENTATION BY RAW MATERIALS
4.3.4 MARKET SEGMENT BY DISTRIBUTION CHANNEL
4.3.5 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
7.1 OVERVIEW
7.1.1 DEVELOPING PHARMACEUTICAL SECTOR
7.1.2 RISING USAGE OF INDUSTRIAL TOOLS IN MANUFACTURING INDUSTRIES
7.1.3 CONSISTENT GROWTH IN THE CONSTRUCTION INDUSTRY
7.2 RAW MATERIALS
7.3 PRODUCT TYPE
7.4 END-USERS
7.5 DISTRIBUTION CHANNEL
7.6 GEOGRAPHICAL ANALYSIS
7.7 MARKET LANDSCAPE
8 INTRODUCTION
8.1 OVERVIEW
8.2 TECHNICAL HIGHLIGHTS OF NON-SPARKING TOOLS
8.2.1 LOW TENSILE STRENGTH
8.2.2 PRESENCE OF COLD SPARKS
8.2.3 NON-METALLIC SPARK-FREE TOOLS
8.3 MAINTENANCE OF NON-SPARKING TOOLS
8.4 STANDARDS FOR NON-SPARKING TOOLS
9 MARKET OPPORTUNITIES & TRENDS
9.1 CONSISTENT GROWTH IN CONSTRUCTION INDUSTRY
9.2 ROBUST INCREASE IN NEW CONSTRUCTION & REMODELING IN RESIDENTIAL SECTOR
9.3 GROWTH IN PHARMACEUTICAL SECTOR
10 MARKET GROWTH ENABLERS
10.1 RISE IN MANUFACTURING INDUSTRY IN ASIA
10.2 RISE IN USAGE OF INDUSTRIAL TOOLS IN GENERAL MANUFACTURING INDUSTRIES
11 MARKET RESTRAINTS
11.1 GROWTH IN SUPPLY CHAIN & RAW MATERIAL PRICES
11.2 DECLINE IN ECONOMIES ACROSS THE GLOBE
11.3 SHORTAGE OF LABOR
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 RAW MATERIALS
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 COPPER ALLOYS
13.3.1 MARKET OVERVIEW
13.3.2 COPPER ALUMINUM ALLOY
13.3.3 COPPER NICKEL ALLOY
13.3.4 COPPER BERYLLIUM ALLOY
13.3.5 MARKET SIZE & FORECAST
13.3.6 MARKET BY GEOGRAPHY
13.4 BRASS
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 BRONZE
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 OTHERS
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY
14 PRODUCT TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 STRIKING & CUTTING TOOLS
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 DIGGING TOOLS
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 GENERAL PURPOSE TOOLS
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
14.6 OTHERS
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.6.3 MARKET BY GEOGRAPHY
15 END-USERS
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 INDUSTRIAL
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY GEOGRAPHY
15.3.4 AUTOMOTIVE INDUSTRY
15.3.5 MARKET OVERVIEW
15.3.6 MARKET SIZE & FORECAST
15.3.7 MARKET BY GEOGRAPHY
15.3.8 OIL & GAS INDUSTRY
15.3.9 MARKET OVERVIEW
15.3.10 MARKET SIZE & FORECAST
15.3.11 MARKET BY GEOGRAPHY
15.3.12 MINING INDUSTRY
15.3.13 MARKET OVERVIEW
15.3.14 MARKET SIZE & FORECAST
15.3.15 MARKET BY GEOGRAPHY
15.3.16 AEROSPACE INDUSTRY
15.3.17 MARKET OVERVIEW
15.3.18 MARKET SIZE & FORECAST
15.3.19 MARKET BY GEOGRAPHY
15.3.20 PETROCHEMICAL & CHEMICAL INDUSTRY
15.3.21 MARKET OVERVIEW
15.3.22 MARKET SIZE & FORECAST
15.3.23 MARKET BY GEOGRAPHY
15.3.24 EXPLOSIVES & AMMUNITION MANUFACTURING
15.3.25 MARKET OVERVIEW
15.3.26 MARKET SIZE & FORECAST
15.3.27 MARKET BY GEOGRAPHY
15.3.28 OTHER INDUSTRIES
15.3.29 MARKET OVERVIEW
15.3.30 MARKET SIZE & FORECAST
15.3.31 MARKET BY GEOGRAPHY
15.5 RESIDENTIAL
15.5.1 MARKET OVERVIEW
15.5.2 MARKET SIZE & FORECAST
15.5.3 MARKET BY GEOGRAPHY
15.6 CONSTRUCTION
15.6.1 MARKET OVERVIEW
15.6.2 MARKET SIZE & FORECAST
15.6.3 MARKET BY GEOGRAPHY
16 DISTRIBUTION CHANNEL
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 OFFLINE
16.3.1 MARKET OVERVIEW
16.3.2 DEALERS & DISTRIBUTION
16.3.3 MARKET SIZE & FORECAST
16.3.4 MARKET BY GEOGRAPHY
16.4 ONLINE
16.4.1 MARKET OVERVIEW
16.4.2 DIRECT SALES
16.4.3 THIRD-PARTY SALES
16.4.4 MARKET SIZE & FORECAST
16.4.5 MARKET BY GEOGRAPHY
17 GEOGRAPHY
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 GEOGRAPHIC OVERVIEW
18 NORTH AMERICA
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 PRODUCT TYPE
18.3.1 MARKET SIZE & FORECAST
18.4 RAW MATERIALS
18.4.1 MARKET SIZE & FORECAST
18.5 END-USERS
18.5.1 MARKET SIZE & FORECAST
18.6 INDUSTRIAL
18.6.1 MARKET SIZE & FORECAST
18.7 DISTRIBUTION CHANNEL
18.7.1 MARKET SIZE & FORECAST
18.8 KEY COUNTRIES
18.8.1 US: MARKET SIZE & FORECAST
18.8.2 CANADA: MARKET SIZE & FORECAST
19 EUROPE
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 PRODUCT TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 RAW MATERIALS
19.4.1 MARKET SIZE & FORECAST
19.5 END-USERS
19.5.1 MARKET SIZE & FORECAST
19.6 INDUSTRIAL
19.6.1 MARKET SIZE & FORECAST
19.7 DISTRIBUTION CHANNEL
19.7.1 MARKET SIZE & FORECAST
19.8 KEY COUNTRIES
19.8.1 UK: MARKET SIZE & FORECAST
19.8.2 GERMANY: MARKET SIZE & FORECAST
19.8.3 FRANCE: MARKE SIZE & FORECAST
19.8.4 ITALY: MARKET SIZE & FORECAST
19.8.5 SPAIN: MARKET SIZE & FORECAST
20 APAC
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 PRODUCT TYPE
20.3.1 MARKET SIZE & FORECAST
20.4 RAW MATERIALS
20.4.1 MARKET SIZE & FORECAST
20.5 END-USERS
20.5.1 MARKET SIZE & FORECAST
20.6 INDUSTRIAL
20.6.1 MARKET SIZE & FORECAST
20.7 DISTRIBUTION CHANNEL
20.7.1 MARKET SIZE & FORECAST
20.8 KEY COUNTRIES
20.8.1 CHINA: MARKET SIZE & FORECAST
20.8.2 JAPAN: MARKET SIZE & FORECAST
20.8.3 INDIA: MARKET SIZE & OVERVIEW
20.8.4 AUSTRALIA: MARKET SIZE & FORECAST
20.8.5 SOUTH KOREA: MARKET SIZE & FORECAST
21 MIDDLE EAST & AFRICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 PRODUCT TYPE
21.3.1 MARKET SIZE & FORECAST
21.4 RAW MATERIALS
21.4.1 MARKET SIZE & FORECAST
21.5 END-USERS
21.5.1 MARKET SIZE & FORECAST
21.6 INDUSTRIAL
21.6.1 MARKET SIZE & FORECAST
21.7 DISTRIBUTION CHANNEL
21.7.1 MARKET SIZE & FORECAST
21.8 KEY COUNTRIES
21.8.1 SAUDI ARABIA: MARKET SIZE & FORECAST
21.8.2 SOUTH AFRICA: MARKET SIZE & FORECAST
21.8.3 UAE: MARKET SIZE & FORECAST
22 LATIN AMERICA
22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 PRODUCT TYPE
22.3.1 MARKET SIZE & FORECAST
22.4 RAW MATERIALS
22.4.1 MARKET SIZE & FORECAST
22.5 END-USERS
22.5.1 MARKET SIZE & FORECAST
22.6 INDUSTRIAL
22.6.1 MARKET SIZE & FORECAST
22.7 DISTRIBUTION CHANNEL
22.7.1 MARKET SIZE & FORECAST
22.8 KEY COUNTRIES
22.8.1 BRAZIL: MARKET SIZE & FORECAST
22.8.2 MEXICO: MARKET SIZE & FORECAST
22.8.3 ARGENTINA: MARKET SIZE & FORECAST
23 COMPETITIVE LANDSCAPE
23.1 COMPETITION OVERVIEW
24 KEY COMPANY PROFILES
24.1 AMPCO METAL
24.1.1 BUSINESS OVERVIEW
24.1.2 PRODUCT OFFERINGS
24.1.3 KEY STRENGTHS
24.1.4 KEY OPPORTUNITIES
24.1.5 KEY STRATEGIES
24.2 STANLEY BLACK & DECKER
24.2.1 BUSINESS OVERVIEW
24.2.2 PRODUCT OFFERINGS
24.2.3 KEY STRATEGIES
24.2.4 KEY OPPORTUNITIES
24.2.5 KEY STRENGTHS
24.3 SNAP-ON
24.3.1 BUSINESS OVERVIEW
24.3.2 PRODUCT OFFERINGS
24.3.3 KEY STRATEGIES
24.3.4 KEY STRENGTHS
24.3.5 KEY OPPORTUNITIES
25 OTHER PROMINENT VENDORS
25.1 W.W. GRAINGER INC.
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.2 GEDORE WERKZEUGFABRIK GMBH & CO. KG
25.2.1 BUSINESS OVERVIEW
25.2.2 PRODUCT OFFERINGS
25.3 PHAWA METALTECH
25.3.1 BUSINESS OVERVIEW
25.3.2 PRODUCT OFFERINGS
25.4 EASTMAN CAST AND FORGE LTD
25.4.1 BUSINESS OVERVIEW
25.4.2 PRODUCT OFFERINGS
25.5 CANGZHOU MRINE SPECIAL EXPLOSION PROOF TOOLS MANUFACTURING LTD
25.5.1 BUSINESS OVERVIEW
25.5.2 PRODUCT OFFERINGS
25.6 SAUNDERS MIDWEST LLC
25.6.1 BUSINESS OVERVIEW
25.6.2 PRODUCT OFFERINGS
25.7 INTERCON USA INC
25.7.1 BUSINESS OVERVIEW
25.7.2 PRODUCT OFFERINGS
25.8 ACB
25.8.1 BUSINESS OVERVIEW
25.8.2 PRODUCT OFFERINGS
25.9 EGA GROUP
25.9.1 BUSINESS OVERVIEW
25.9.2 PRODUCT OFFERINGS
26 REPORT SUMMARY
26.1 KEY TAKEAWAYS
26.2 STRATEGIC RECOMMENDATIONS
27 QUANTITATIVE SUMMARY
27.1 MARKET BY GEOGRAPHY
27.2 NORTH AMERICA
27.2.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.2.2 RAW MATERIALS: MARKET SIZE & FORECAST
27.2.3 END-USERS: MARKET SIZE & FORECAST
27.2.4 INDUSTRIAL: MARKET SIZE & FORECAST
27.2.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.3 EUROPE
27.3.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.3.2 RAW MATERIALS: MARKET SIZE & FORECAST
27.3.3 END-USERS: MARKET SIZE & FORECAST
27.3.4 INDUSTRIAL: MARKET SIZE & FORECAST
27.3.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.4 APAC
27.4.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.4.2 RAW MATERIALS: MARKET SIZE & FORECAST
27.4.3 END-USERS: MARKET SIZE & FORECAST
27.4.4 INDUSTRIAL: MARKET SIZE & FORECAST
27.4.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.5 MIDDLE EAST & AFRICA
27.5.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.5.2 RAW MATERIALS: MARKET SIZE & FORECAST
27.5.3 END-USERS: MARKET SIZE & FORECAST
27.5.4 INDUSTRIAL: MARKET SIZE & FORECAST
27.5.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.6 LATIN AMERICA
27.6.1 PRODUCT TYPE: MARKET SIZE & FORECAST
27.6.2 RAW MATERIALS: MARKET SIZE & FORECAST
27.6.3 END-USERS: MARKET SIZE & FORECAST
27.6.4 INDUSTRIAL: MARKET SIZE & FORECAST
27.6.5 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
28 APPENDIX
28.1 ABBREVIATIONS

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