Market Snapshot:
Pincers are a hand tool used in mechanical and manufacturing applications, usually to pinch, cut or pull any object or wire. They are different from pliers where the concentration of force is higher. They are primarily used for removing the nails or any small tiny object out of material that they have previously applied to. As the industrial and manufacturing use of pincers and technological development of handtools is increasing the global demand for pincers. However, the regulatory safety norms and environmental factors affecting the tools like corrosion of the pincers might hamper the market growth.
Market Drivers
- Growing Industrialization and Construction Manufacturing Industry
- Continuous Technological Advancement in Masonry Tools
Market Trend
- Presence of Pincers in Online Retail Site is Increasing the Demand of Pincers
Restraints
- Risk of Corrosion of Pincers due to the Environmental Factors
- Raw Material Price Fluctuations can be the Market Hindrance
The key Manufacturers profiled in the report are Fluke Corporation (United States), Knipex (Germany), Stanley Black & Decker, Inc. (United States), Presto Forgings (India), JCBL India (India), ABM Tools (India), Sidh Tools Pvt Ltd. (India), EGA Master (Spain) and Hebei Sinotools Industrial Co.,Ltd (China).