The tools sector, both in the power tool and hand tool categories, continues to advance in terms of innovation and sophistication.
Globally, the power tools sector has shown strong growth in recent years and is anticipated to perform strongly over the next five years (see panel, Global trends in power tools). Here in Ireland, the tool sector also continues to perform strongly in both categories.
New catalogue from Draper
Draper Tools has announced the launch of its new catalogue, featuring hundreds of new product lines across a wide range of industry sectors.
Established nearly 100 years ago and still family-owned and run today, Draper Tools prides itself on being “a brand you and your customers can rely on”. With strict quality assurance standards and state-of-the-art testing equipment, Draper emphasises the quality of the hand and power tools in its catalogue.
Featuring over 11,000 products, the comprehensive range has something for every task, according to Draper Tools. All hand tools come with the Draper Tools lifetime warranty, offering customers complete peace of mind.
Draper Tools says it is firmly committed to product range development, which is why there are so many new lines included in the latest catalogue. Look out for the ‘New’ symbol across the catalogue, highlighting some of Draper Tools’ latest product launches.
TALAtools consolidates success
TALAtools is one of the most successful hand tool brands in Ireland, according to Tucks O’Brien, one of Ireland’s premier distributors of leading power tool and hand tool brands. A Tucks O’Brien spokesperson said: “For more than 30 years, our product development team have dedicated themselves to providing excellence in TALAtools hand tool products for all our customers.
TALAtools strives to provide an extensive range of quality and great value hand tools to the
tradesperson, from building and plumbing tools to plastering and gardening tools. Our products are widely available in builders merchants and hardware stores throughout the island of Ireland.”
The TALAtools range is constantly growing with more new lines added each year. The spokesperson added: “All TALAtools products are manufactured to the highest quality standard so you can be confident that our tools won’t let you down.”
GLOBAL TRENDS IN POWER TOOLS
The global power tools market is expected to garner $39,639 million by 2022, registering a compound annual growth rate (CAGR) of 5.4% during the forecast period 2016 to 2022, according to the Power Tools Market Report by Allied Market Research. Power tools have diverse applications in commercial and residential sectors. The revenue of the global power tools market has increased, owing to the rising trend of automation enabling enhanced returns on investments and cost optimisation.
Globally there has been a shift from corded to cordless power tools, such as band saws, crimpers, hammer drills and many others, used in applications such as welding, sanding, cutting and many others. According to research by Grainger Industrial Supply, major power tool manufacturers have gained a 5% increase in power tool sales due to the introduction of cordless tools. The World Power Tools Report forecasts robust growth rate in the cordless electric tools sector, with a growth of 8.3% per year.
The same report forecasts that by 2016 professional demand for cordless power tools will outpace consumer demand. This statistic compares power tool demand in the United States in 2011 and 2016, revealing that the professional market for power tools grew to $4.6 billion by 2016, compared to $3.5 billion in 2011. By comparison, the consumer market grew from $2.2 million in 2011 to $27 million in 2016.