About Folding Rulers
Folding rulers are made up of two or smaller rule strips connected by a hinge. These rules may be folded up and carried in a tiny place, or they can be used in a small space. A folding ruler is made up of many pivoting elements that unfold and lock together to produce a rigid ruler that may be used to measure length. It was the usual measuring device for tradespeople until the development of the retractable tape measure. The ruler strips are connected by hinges, and each strip can be folded in half to keep it small. After the strips have been opened, they may usually be fastened into position to create a long stiff rule. Folding Rulers are designed for customers who require precise measures from a folding ruler style tape measure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 4.71% |
The demand for Folding Ruler is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Folding Rulers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Staples (United States), Marshalltown Company (United States), Hultafors Group (Sweden), Acme United Corporation (United States), Hoffmann Group (Germany), Klein Tools (United States), Stabila (Germany), Wiha Tool (Germany), Perfect Measuring Tape Company (United States) and US Tape Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kara Company (United States), Swanson Tool Company (United States) and Keson (United States).
Segmentation Overview
AMA Research has segmented the market of Global Folding Rulers market by and Region.
On the basis of geography, the market of Folding Rulers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Length, the sub-segment i.e. 6″ inch will boost the Folding Rulers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online {Company Website, E-Commerce Website} will boost the Folding Rulers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Carpenter will boost the Folding Rulers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Folding Rulers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Prevalence of DIY Projects
Market Growth Drivers:
Growing Construction Industry across the Globe and Increased Demand from Education Industry
Challenges:
Plastic Rulers can be Easily Damaged and Lack of Accuracy due Loosening of Hinges
Restraints:
High Cost of Folding Ruler
Opportunities:
Increasing Adoption of Folding Rulers in Interior Designing
Market Leaders and their expansionary development strategies
In September 2023, Bosch Power Tools acquires Rotozip Tool Company. This acquisition focuses on power tools but could potentially lead to increased competition in related tool categories like measuring devices. The Bosch-Rotozip acquisition will likely have an indirect impact on the folding ruler market, potentially influencing brand awareness, innovation, and user experience of related measuring devices within the Bosch product line.
In September 202,3, Wooden Folding Ruler by Merchant & Mills: This high-quality folding ruler is made in Sweden and features both imperial and metric markings. It is perfect for fabric work and other delicate tasks. The Wooden Folding Ruler by Merchant & Mills is a well-made and versatile tool, particularly suited for delicate tasks and those who appreciate natural materials.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Raw Material Suppliers, Folding Ruler Traders/Distributors and End-use industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.