Press release
Global Clamps Market to Reach USD 7.4 Billion by 2031, Driven by Industrial Growth and Medical Demand
"Clamps are essential tools across industries, ensuring precision, safety, and efficiency in both manufacturing and healthcare applications," said Martin Edwards, senior tools market analyst at CVMI.
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Key Market Highlights
• 2024 Market Size: USD 5.1 billion
• 2031 Forecast: USD 7.4 billion
• CAGR: 5.4% (2024-2031)
Growth Catalysts
• Infrastructure Boom: Increased construction and industrial projects.
• Automotive Innovation: Need for precision assembly tools.
• Medical Expansion: Growing demand for surgical clamps.
Segment Insights
• Top Type: Manual clamps lead due to wide application versatility.
• Fastest-Growing Type: Hydraulic clamps for heavy-duty industries.
• Regional Leaders: North America leads, followed by Asia-Pacific.
Competitive Overview (2024)
• Bessey Tools - 18%: Global leader in industrial clamps.
• Irwin Tools - 15%: Strong quick-release product line.
• Piher - 10%: Specializes in high-strength clamps.
• Others - 57%: Mix of niche and regional players.
Outlook to 2031 With continued industrialisation, advancements in material science, and demand from healthcare, the clamps market is positioned for steady growth worldwide.
For more insights, visit - https://clearviewmarketinsights.com/
For detailed insights or media inquiries,
contact: Clearview Market Insights - Industrial Tools Division
Bhavani K
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About Clearview Market Insights:
Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.
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