ToughBuilt Industries, Inc. announced the launch of a new line of ToughBuilt screws that will be sold through a leading U.S. home improvement retailer and Toughbuilt’s growing North American and global strategic network of trading partners and purchasing groups, serving more than 18,900 stores and online portals worldwide.
ToughBuilt’s new product line is designed for the strong global market for professional hand tools. It is expected to grow from $21.2 billion in 2020 to 31.8 billion yuan in 2030, according to the 2022 market research report.
Michael Panosian, co-founder and CEO of ToughBuilt, commented that Toughbuilt’s 40-new line of hand tools will open up new revenue opportunities for Toughbuilt. We are continuing to strengthen ToughBuilt’s position in the craft market with plans to continue expanding our product offerings in 2023 and beyond.