Hangzhou Greatstar Industrial Co., Ltd Overview
Pro stress-test →Hangzhou Greatstar Industrial is an industrial conglomerate based in Hangzhou, China that primarily produces hand tools and power tools. The company is Asia's leading tool manufacturer with a diversified portfolio spanning pneumatic fastening tools, laser measuring equipment, lidar, cabinet storage, and industrial vacuum products.
Strategic Profile
Pro stress-test →The company owns a variety of world-class tool brands such as WORKPRO, ARROW, PONY&JORGENSEN, Goldblatt, BeA, Shop Vac, and SK. With strong independent R&D and innovation capabilities, the company researches and develops more than 400 new products annually and owns more than 700 international patents. It sells its products through department stores, auto parts and chain supermarkets, and various industrial users, as well as through domestic and foreign e-commerce platforms.
Competitive Landscape
Pro stress-test →Hangzhou Greatstar Industrial is positioned as Asia's leading tool manufacturer. The company competes in the global hand and power tools market against multinational manufacturers through a strategy of strong brand ownership, global distribution networks, and continuous innovation with over 400 new products developed annually.
Industry Context
Hangzhou Greatstar Industrial Co., Ltd operates in Hand Tools, Power Tools & Industrial Hardware Manufacturing.
Key facts
Founded: 1993 · Headquarters: Hangzhou, China · Employees: 23000 · Revenue: ~CNY 6.92 billion (2022) · Market cap: ~CNY 40 billion