1 | P a g e Tool Tethering Market Global Industry Analysis and Research Report Till 20 30 Global Market Insights Inc anticipates that the tool tethering market size will surpass USD 590 million by 2030. The t ool tethering market is witnessing a rapid r esurgence following the lif t ing of COVID - 19 lockdown s as labor - intensive industries continue to resume operations and hit the pre - pandemic productivity levels Combined with growing awareness about worker safety and the establishment of new factories , both locally as well as abroad, tool tethering industry is set to depict considerable growth in the coming years. Tool tethering is an important part of all major industries, especially construction, mining, energy, oil, gas, and o ther such industries where to ols are often used for work . T hey provide safety in handling them and can prevent the tool from being dropped or falling accidentally. Tool tethering, which is usually done with a lanyard, can be also used in other areas for fastening other objects, like IDs, phones, communication tools , and such. Below are the three important factors driving the growth in the tool tethering market Rise in mining activities across chip and energy industr ies The m ining industry is registering an uptick in activities due to increasing operations and high demand fr om e - mobility , which requires raw materials like lithium, nickel, and cobalt for the batteries. Recently, in APAC, Chinese mining tech firm , Shandong Xinhai , and steel production firm , Baowu Group , entered an investment deal with Indonesian nickel miner , PT Vale Indonesia , for the construction of a processing pla nt on Sulawesi Island . The project is estimated to cost nearly $2.1 billion. Meanwhile , in North America, Canada is expected to be at the f orefront as the region’s lithium supplier for the auto industr y . Auto majors like Mercedes - Benz and Volkswagen have already signed material agreements with the country to mine lithium for EV batteries. Widespread mining activities will help augment the ove rall tool tethering industry share. Setting up of new factories across multiple sectors With ample investments in infrastructure development to kickstart economies out of the pandemic slump, c onstruction activities are set to increase by a notable margin Tool tethering will see high usage in construction activities as one of the key aspects of worker safety , witnessing a major boost from these initiatives. The i ntroduction of government initiatives will help boost the market size. Say , for instance, the Inflation Reduction Act of 2022 in the U.S., aimed at supporting domestic manufacturing of electric vehicles at the front . C onsolidating renewable energ y capabilities to ensure a scalable charging infrastructure at the back will also pl ay a prominent role in increasing product demand First Solar, which is the largest manufacturer of solar panels in the US, plans on constructing a new panel factory to capitalize on the incentives provided under the bill . The firm will invest nearly $1 2 | P a g e b illion in the new factory which will be its fourth fully integrated factory in the country. For electric vehicle battery production, LG Energy Solutions and Honda Motor have collaborated to construct a new plant in the United States, under a $4.4 million cooperation agreement . The new plant will have a target annual production capacity of 40 GWh. Meanwhile, South Korean chipmaker SK Hynix also announced plans to invest around $11 billion to expand its semiconductor fabrication plant over the next five years . The construction will begin next month and is aimed to finish by 2025. In August, t he Indian arm of the Japanese energy giant Hitachi Energy also unveiled that it will also construct a new factory in the country, investing around $12.5 million for the facility to double its capacity from 10,000 to 22,000 megavolt amperes of reactive power (MVAR) New innovations and technological advancements in the market Advancements and product upgrades will act as major drivers for tool tethering market growth . With better offerings, the market will see more demand, as well as new customers and applications. The tool tethering kit is a necessary part of worker safety, especially for tho se who operate heavy machinery, to ensure that not only do they not drop the tool and cause damage , but for smooth operations while working as well. In 2021, Hand tool brand , GEARWRENCH , launched a new line of tether - ready tools as well as tethering acces sories , which comes with their patented lock ratchet design which makes unintentional drop virtually impossible The company’s tools come integrated with tether - ready through - hole for easy use, self - sealing tether tape , and a D - ring web tether , or with a split ring. These tools have been designed specifically for those working at height so that if they are working with tools that may not be tether - ready can be made so with their solutions. Browse Full Report Descri ption @ https://www.gminsights.com/industry - analysis/tool - tethering - market Final Thoughts: Driven by multiple areas of application, use in industrialization is the biggest factor driving tool tethering industry trends. The market will register a steady rise given the transition from fossil fuel to clean and renewable energy , as it is spurring new infrastr ucture development efforts Report Content Chapter 1 Methodology & Scope 1.1 Market definitions 1.2 Base estimates & calculations 1.3 Forecast parameters 1.4 Data Sources Table of Content (TOC - ) 3 | P a g e 1.4.1 Primary 1.4.2 Secondary Sources 1.4.2.1 Paid Sources 1.4.2.2 Public Sources Chapter 2 Executive Summary 2.1 Tool tethering industry 36 0 0 synopsis, 20 22 - 2030 2.1.1 Business trends 2.1.2 Regional trends 2.1.3 Product trends 2.1.4 Application trends 2.1.5 Channel trends Chapter 3 Tool Tethering Market Industry Insights 3.1 Industry Segmentation 3.2 Industry ecosystem analysis 3.2.1 Vendor matrix 3.2.2 Distribution channel analysis 3.2.2.1 Distributors 3.2.2.2 Technology Providers 3.2.3 Impact of COVID - 19 on industry supply chain 3.3 Technology landscape 3.3.1 Lanyard 3.4 Raw material analysis 3.4.1 Ny lon material 3.4.2 Polyester material 3.4.3 Non - conductive materials 3.4.3.1 COVID - 19 impact on raw material supply 3.5 Regulatory landscape 3.5.1 U.S. 4 | P a g e 3.5.1.1 American National Standard for Dropped Object Prevention Solutions 3.5.2 Ca nadian Standards Association 3.5.3 General Safety and Health Provisions (Code of Federal Regulations) 3.5.4 Europe 3.5.4.1 EN 364:1992Personal protective equipment against falls from a height — Test methods 3.5.5 India 3.5.5.1 IS 3521: 1999 INDUSTRIAL SAFETY BELTS AND HARNESSES — SPECIFICATION Continued.... 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