Business-wide Growth for British Based Tool Supplier in 2024
In 2024, Draper Tools continues to thrive as a prominent player in the tool supply industry, demonstrating remarkable growth and innovation. The DIY market remains a key driver for the UK economy, with home improvement and maintenance projects fueling steady demand for quality tools.
Draper Tools, which supplies around 11,000 products worldwide to traditional trade stores, has seen substantial growth across both e-commerce and traditional retail channels. CEO Matt Sheen, who took on the role at the start of 2023, emphasized the importance of balancing online and in-store presence. “We have seen significant growth in our e-commerce sector as well as continued strong performance in traditional trade stores, which remain crucial to our business model,” Sheen explained.
Draper Tools‘ extensive product range includes renowned trade brands such as Elora, XP1000, Knipex, and Bunker, along with Draper Tools’ own lines. “Draper is our core range of quality tools, suitable for tradespeople and DIY enthusiasts. Meanwhile, Draper Expert is our range specifically designed to meet the demands of trade professionals,” shared Matt.
The business, established in 1919 and now in its fourth generation of family ownership, has demonstrated resilience and adaptability over the years. Its sustained financial growth has supported comprehensive expansion plans.
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