ToughBuilt Industries, Inc. Releases 16 Additional Products to its Revolutionary StackTech Mobile Toolbox System
January 31, 2024 at 04:30 pm EST
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ToughBuilt Industries, Inc. announced that the Company released 16 additional products to its revolutionary StackTech mobile toolbox system, now totaling 24 SKUs available to customers in-stores and online. ToughBuilt's launch into the stacking toolbox category has disrupted marketplace competitors, sweeping social media with more than 20 million impressions and driving a majority share of voice, commanding engagement on skilled labor media channels. The StackTech product ecosystem brings innovative solutions to a rapidly growing market, projected to expand by a compound annual growth rate (CAGR) of 8.3% in the ten-year period between 2022 and 2032, with an expected market share of USD 6.8 Billion by 2032, according to a June 2022 market research report.
Toughbuilt Industries, Inc. is engaged in designing, manufacturing, and distributing tools and accessories to the building industry. The Company markets and distributes various home improvement and construction product lines for both Do-It-Yourself (DIY) and professional markets under the TOUGHBUILT brand name. Its business is based on development of products, primarily in tools and hardware category, with particular focus on building and construction industry. Its three categories contain a total of approximately 19 product lines, consists of soft goods, which includes kneepads, tool bags, pouches and tool belts; metal goods, which consists of sawhorses, tool stands and workbench; and utility products, which includes utility knives, aviation snips, shears, lasers and levels, tape measures and chalk reels, striking tools, garden and landscaping tools, and pliers and clamps. It also has various additional categories and product lines in various stages of development.