Hydraulic Crimping Tools Market Introduction
A hydraulic crimping tool is used to connect or crimp a connector to the end of a hose or cable. Hydraulic crimping tools are of two types: die-type tools and die-less tools. Die-type tools are used where the user needs to use dies and matching connectors, whereas die-less tools are used where only the tool's intender is enough to make the termination. Hydraulic crimping tools are operated by hand or manually and by using power. Manual and hand crimp hydraulic tools are used where the major measures include use of space and weight and these tools are mostly used for commercial purposes. Power hydraulic crimping tools are used where a full-cycle mechanism is required for consistent shut heights of the connector and are mainly used in industrial applications.
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Hydraulic Crimping Tools Market- Competitive Landscape
Established in 1879, Klauke Group manufactures, distributes, and develops measuring, inspection, and testing devices, tools, as well as connecting materials for electrical engineering applications. The company offers customized tools for heating and plumbing technology, and special connection components used in the automotive industry. The company also provides training, inspection and maintenance, and repair services. It provides several crimping tools including mechanical crimping tools, electromechanical crimping tools, battery powered crimping tools, hand-operated hydraulic crimping tools, hydraulic crimping heads, and crimping systems and crimping dies.
TE Connectivity Ltd.
Founded in 2007, TE Connectivity Ltd. is situated in Schaffhausen, Switzerland. TE Connectivity Ltd. is a technology company that manufactures and designs connectivity and sensor products for various industry verticals including aerospace, appliances, automation & control, automotive, communications & wireless equipment, consumer goods, defense & military, energy & utilities, industrial machinery, intelligent buildings, medical & healthcare, and oil & gas / marine. The company operates three business segments: Communications Solutions, Transportation Solutions, and Industrial Solutions.
The Energy Network (TEN) Group
Founded in 1998, The Energy Network (TEN) Group is situated in Queensland, Australia. The company manufactures and sells tools and construction equipment and other related products. The company offers numerous tools battery powered hydraulic tools, dies, hand operated hydraulic tools, hydraulic cylinders, hydraulic hoses & accessories, hydraulic pumps, and line hydraulics. It also provides repair and maintenance services.
Other key players operating in the global hydraulic crimping tools market include Manuli Hydraulics France SAS, Daniels Manufacturing Corporation, Intercable GmbH, Derancourt, Komax AG, HARTING Technology Group, and SICAME group.
Hydraulic Crimping Tools Market Dynamics
Growth in Manufacturing Industry Driving Demand for Hydraulic Crimping Tools
Increasing use of hydraulic crimping tools for maintenance purposes in manufacturing industries and plants is projected to boost the market in the near future. Hydraulic crimping tools help to cut, bend, insulate, and strip wires in a snap and are therefore used in construction and renovation activities. Additionally, demand for hydraulic crimping tools mainly originates from the residential sector. This is primarily due to increasing residential repair activities and interest among end-users for “Do it yourself” (DIY) activities. This in turn is expected to drive the global market. Increasing use and sale of hydraulic crimping tools is expected to drive growth in the upcoming years. Furthermore, increase in disposable income, rising penetration of advanced products and number of manufacturers across multiple industry sectors, and increasing consumer spending are some of the major factors anticipated to drive the demand for hydraulic crimping tools globally. Currently, people are more demanding and thus, growing influence of the product in manufacturing operations to perform multiple tasks and offer better productivity are projected to boost the market in the near future. Moreover, development of innovative and new products, targeting new manufacturers, and penetration of products through e-commerce sites are anticipated to create significant opportunities for the hydraulic crimping tools market.
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Rise in Labor Cost Hindering the Hydraulic Crimping Tools Market
Increase in labor cost while using hydraulic crimping tools is the major factor anticipated to hinder the market growth. Hydraulic crimping tool is a mechanical device and only skilled labor are able to use this tool to conjoin two pieces of metallic material by deforming them as a single piece in a way that leads them to hold each other. This increases the labor cost, which in turn is anticipated to adversely impact the demand for hydraulic crimping tools.
Hydraulic Crimping Tools Market Segmentation
Based on type, the global hydraulic crimping tools market can be segmented into
- Manual hydraulic crimping tools
- Power hydraulic crimping tools
In terms of crimping range, the global hydraulic crimping tools market can be segregated into
- Up to 16 mm
- 16 - 240 mm
- More than 240 mm
Based on distribution channel, the global hydraulic crimping tools market can be divided into
Based on material, the global hydraulic crimping tools market can be segregated into
- Stainless Steel
- Chrome Vanadium
In terms of application, the global hydraulic crimping tools market can be segregated into
- Wire stripper
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