APAC Non-Sparking Tools Market Size By Type (Copper, Brass, Bronze), By Application (Construction, Household), By Geographic Scope And Forecast

Asia Pacific Non-Sparking Tools Market Size And Forecast

Asia Pacific Non-Sparking Tools Market size was valued at USD 135.59 Million in 2020 and is projected to reach USD 195.38 Million by 2028, growing at a CAGR of 4.82% from 2021 to 2028.

Increasing commercial, as well as residential construction and infrastructure projects, is a major factor anticipated to drive the growth of the market. The Asia Pacific Non-Sparking Tools Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Non-Sparking Tools?

Non-sparking tools are built of materials that do not include iron (non-ferrous metals), reducing the chance of a spark forming while the tool is in use. In situations containing flammable liquids, vapours, dusts, or residues, non-sparking tools safeguard against both fire and explosion. When operating in tight spaces or in locations where flammable gases or dusts are present, it is recommended to use non-sparking tools. Brass, bronze, copper-nickel alloys, copper-aluminum alloys, and copper-beryllium alloys are all common materials for non-sparking tools. Nonmetals like wood, leather, and plastics can also be utilised to make non-sparking tools.

Asia Pacific Non-Sparking Tools Market Overview

The demand for infrastructure development and rapid urbanization is currently expanding across Asia Pacific. Governments from all major nations have been observed making efforts toward infrastructure development and making required expenditures in the sector to facilitate such developments. Increasing commercial, as well as residential construction and infrastructure projects, is a major factor anticipated to drive the growth of the market. Moreover, the growing awareness regarding the advantages of non-sparking tools over the traditional ones would drive the adoption during the forecast period. However, high cost of acquisition and maintenance is one of the factor likely to hinder the growth of the market in this region.

Asia Pacific Non-Sparking Tools MarketSegmentation Analysis

The Asia Pacific Non-Sparking Tools Market is segmented on the basis of Type, Application, and Geography.

Asia Pacific Non-Sparking Tools Market, By Type

• Copper• Brass• Bronze• Others

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Based on Type, the market is bifurcated into Copper, Brass, Bronze, and Others. Copper accounted for the largest market share in 2020. The non-sparkling agents present in copper, acts as a safety metal to be used for tools used by employees during their work at construction sites or areas prone to fire extinguishers.

Asia Pacific Non-Sparking Tools Market, By Application

• Construction• Household• Others

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On the basis of Application, the Asia Pacific Non-Sparking Tools Market has been segmented into Construction, Household, and Others. Construction accounted for the largest market share in 2020. The segment growth can be attributed to growing prevalence of safety during working under flammable gases or dusts areas; it acts as protector against both fire and explosion in environments.

Asia Pacific Non-Sparking Tools Market, By Geography

• India• Indonesia• Thailand• Malaysia• Rest of Asia-Pacific

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On the basis of regional analysis, the Asia Pacific Non-Sparking Tools Market is classified into India, Indonesia, Thailand, Malaysia, and Rest of Asia-Pacific. India is expected to hold the largest market share of the Non-Sparking Tools market over the forecast period followed by Indonesia. In India, government efforts such as Make in India are expected to attract more global manufacturing centers, increasing demand for high-quality tools and propelling market growth even further.

Key Players

The “Asia Pacific Non-Sparking Tools Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Ampco, Nupla, Eagle, Bahco, Jonard, Stanley, Cromwell Tools, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• Bahco has been making tools for over 135 years and is one of the leading players in the arena of professional tools for pruning, making human tasks more efficient and comfortable day by day. Bahco has designed two new battery-powered secateurs for a multitude of pruning activities that make cutting easier.

• Stanley Black & Decker had announced that it has entered into a definitive agreement to acquire Excel Industries for $375 million in cash.

• Guardair Corporation had developed the Chip Collector Lid to capture metal chips and airborne oils generated while cleaning newly machined parts with compressed air.By capturing these materials, the Chip Collector Lid reduces clean-up costs, promotes shop cleanliness, and improves worker safety.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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