BROWSE THROUGH OUR TRADE FAIRS FOR TOOLS INDUSTRY

Tools

Overview of the tools industry

The global tools industry is a central, time-honoured and leading international segment. This is due to the diverse applications of the wares produced by the sector. These include hand and power tools. It enables users to perform various tasks. Examples include shaping, fastening, cutting, and gripping a wide range of materials. Among them are metals, plastics, glass, wood, and so on. It results in diverse industries using tools for various purposes. Examples include electronics, electrical appliances, metalworking, semiconductors, glass, plastics, and ceramics. They also feature printing, woodworking, construction, healthcare, and manufacturing. Similarly, it is linked to the automotive, gardening, agriculture, oil, gas, shipbuilding, and aerospace sectors.

Is the industry extensive and of high value?

This results in a high-value and extensive global segment. For example, the global tools industry is anticipated to reach over $61 billion in the upcoming years. Also, it will continue its development in the forthcoming years at a CAGR of 5.2%. More than 105,000 SMEs and extensive corporations produce such annual turnover rates.

Is the industry innovative?

These employ over 143,200 specialists throughout the entire value chain. This includes a significant number of experts who develop novel solutions. Companies present such innovations during trade expos. Examples include biannual and annual events in various countries. They attract tens of thousands of attendees from states such as China.