Crimping Tools Market: Introduction
A crimping tool is a device used to conjoin two pieces of metal by deforming one or both of them to hold each other. An example of crimping is affixing a connector to the end of a cable. Essentially, the crimpers are used to clamp metal to a substrate and, when enough pressure is exerted, deform the metal to a point where it is securely fastened. Hand operated varieties are generally used to crimp smaller electrical connections. Powered crimping tools usually make use of a source of pressurized hydraulic fluid to execute the crimp and are typically used for joints which are too robust to crimp by hand. These tools are majorly used as hand tools for manufacturing products, and in construction and renovation activities.
Key Drivers of the Crimping Tools Market
Increase in the number of manufacturers, disposable income, and penetration of advanced products has pushed the demand for crimping tools. Additionally, rising influence of the product in manufacturing operations for better productivity, and its ability to perform multiple tasks are expected to propel the market during the forecast period. Development of new and innovative products, targeting new manufacturers, and penetration of products through e-commerce acts as major drivers to establish the product in the market. Increasing usage of crimping tools across the globe is expected to fuel the sales of the product in the near future.
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New Launches such as Forged Wire Crimper Creating Opportunities in the Crimping Tools Market
New product launches such as forged wire crimper provides durability, strength, and functionality with cutting and crimping capabilities. A forged wire crimper combines the most commonly used wire with a dedicated crimper and two cutters into one convenient tool. It is a multipurpose functional tool and includes a dedicated crimper with a wire stripper and two cutters, and non-insulated terminals and connectors. Such advancements help in creating new opportunities for the crimping tools market.
High tool cost may act as a restraint to the crimping tools market
The process of crimping requires tooling that is specific to the type of contacts used, which can become expensive. The crimping process must be performed precisely to achieve a reliable connection. Crimped contacts cannot be un-crimped and re-installed. In many cases, this means the entire connector assembly must be scrapped and replaced by a new one. Such factors may hamper the growth of the crimping tools market.
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MEA is the dominant market
In Middle East & Africa, gradual rise in sectors such as machine tools & parts manufacturing, petroleum, and automotive, along with developing economies of Africa are expected to boost the sales of crimping tools across the region in the next few years.
Key Players Operating in the Global Market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the crimping tools market are:
- Manuli Hydraulics
- Klauke Group
- Derancourt
- TE Connectivity Ltd.
- The Energy Network (TEN) Group
- Daniels Manufacturing Corporation
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Crimping Tools Market: Research Scope
Crimping Tools Market, by Type
- Hand operated
- Powered
Crimping Tools Market, by Crimp Profile
- Stab crimps
- Compression crimps
Crimping Tools Market, by Material
- Stainless steel
- Chrome vanadium
- Others
Crimping Tools Market, by Distribution Channel
- Online
- Offline
Crimping Tools Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
The report on the crimping tools market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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