Report ID : 2920 | Published : 2024-12-04 | Pages: 165 | Format: PDF/EXCEL
The Tools Storage Products Market Size is valued at USD 1.68 billion in 2023 and is predicted to reach USD 2.37 billion by the year 2031 at a 4.5% CAGR during the forecast period for 2024-2031. garage cupboards
Tools storage products are essential for organizing, protecting, and transporting tools. They cater to various industries, from DIY enthusiasts to professional mechanics and technicians. These products help professionals and hobbyists keep their tools organized, protected, and easily accessible, improving efficiency and productivity. Their main materials are metallic or plastic. Toolboxes come with sections that allow it simple to transport and keep even the smallest tools and accessories. An increased need from expanding industries, including development, automobile replacement & upkeep, and other production facilities, is fueling the growth of the tool storage products industry. This industry is anticipated to expand due to consumer desire for tool storage solutions that provide excellent mobility, longevity, and simplicity. In order to meet the specific requirements of final consumers, manufacturers are concentrating on creating creative and cutting-edge tool storage products.
However, the challenges of complying with regulations are impeding the expansion of the Peptide Contract API production sector. Manufacturing processes may become more complex and costly if industry standards and regulations are followed, particularly those relating to product security and their impact on the environment. Safety recalls or charges for breaking these rules could have an impact on the business's earnings and brand. Furthermore, Insufficient originality or differentiation in product offerings could potentially hinder the development of the market. Customers are appealing for ever-more-advanced features such as comfortable concepts, customizable choices, and brilliant solutions for organizing. Some consumers might be barely conscious of their benefits or the range of possibilities accessible. Insufficient exposure in places of commerce or a lack of promotional activities can hinder market expansion.
The tools storage products market is segmented based on product type, material type, end-use, and distribution channel. Based on the product type, the market is segmented into portable tool boxes, gang/jobsite boxes, tool push carts, tool cabinets and chests, truck/van tool storage solutions, and tool bags & pouches. By material type, the market is segmented into steel, wood, plastic, aluminium, and others. The end-user segment consists of residential, commercial, industrial, and vehicle. The distribution channel segment includes online and offline.
The plastics tools storage products market will hold a major global market share in 2023. Because plastic-based tool storage products are portable and offer a wide variety of options, users are increasingly looking for storage options to facilitate the easy organization and transit of various tools as the number of people who own homes rises, particularly in developing countries. The plastic tool storage unit is an affordable, practical, and efficient way to keep expensive tools for frequent usage.
The portable toolbox industry uses bulk tools storage products because portable toolboxes are a good fit for spaces that provide inexpensive, arranged solutions for a variety of tiny to medium-sized equipment. Toolbox producers have been offering some really helpful breakthroughs, like flexible designs and increased robustness, as well as included storage sections that can be adjusted to meet the demands of various users.
The North American tools storage products market is estimated to document the highest market share in revenue in the near future. This can be attributed to the region's manufacturing industry's notable expansion. Further propelling the expansion of the tool storage goods sector in this area is the rapid pace of acceptance of cutting-edge technology, including handheld devices and cloud-based storage techniques. In addition, Asia Pacific is projected to grow rapidly in the global tools storage products industry because of a number of important reasons, including the strong demand from sectors that mostly depend on structured tool administration, like production, automobile repair, and building. Additionally, the market expansion for tool storage goods in Asia-Pacific is being bolstered by easy access to inexpensive labour, the growing number of housing developments, and the generally inexpensive cost of production.
CAGR of xx% from 2024 to 2031
Representation of revenue in US$ Million and CAGR from 2024 to 2031
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Product Type, Material Type, End-Use, And Distribution Channel
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea
Craftsmam, DeWalt Industrial Tool Company, GearWrench, Kennedy Manufacturing Co., Lowe’s Companies, Inc, Matco Tools, Milwaukee Electric Tool Corporation, Ridgid, Snap-on Incorporated, and Stanley Black & Decker, Inc. and Others
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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Tool Storage Products Market Snapshot
Chapter 4. Global Tool Storage Products Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Tool Storage Products Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Tool Storage Products Industry Trends
Chapter 5. Tool Storage Products Market Segmentation 1: By Product Type, Estimates & Trend Analysis
5.1. Market Share by Product Type, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Product Type:
5.2.1. Portable Tool Boxes
5.2.1.1. Stackable Rolling Tool Boxes
5.2.1.2. Handheld Tool Boxes
5.2.2. Gang/Jobsite Boxes
5.2.3. Tool Push Carts
5.2.4. Tool Cabinets and Chests
5.2.5. Truck/Van Tool Storage Solutions
5.2.6. Tool Bags & Pouches
Chapter 6. Tool Storage Products Market Segmentation 2: By Material Type, Estimates & Trend Analysis
6.1. Market Share by Material Type, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Material Types:
6.2.5. Others (Fabric, etc.)
Chapter 7. Tool Storage Products Market Segmentation 3: By End User, Estimates & Trend Analysis
7.1. Market Share by End User, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End User:
Chapter 8. Tool Storage Products Market Segmentation 4: By Distribution Channel, Estimates & Trend Analysis
8.1. Market Share by Distribution Channel, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Distribution Channel:
8.2.1.1. Company Website
8.2.1.2. E-Commerce Websites
8.2.2.1. Direct
8.2.2.2. Indirect
Chapter 9. Tool Storage Products Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global Tool Storage Products Market, Regional Snapshot 2023 & 2031
9.2. North America
9.2.1. North America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.2.3. North America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2024-2031
9.2.4. North America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.2.5. North America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
9.3. Europe
9.3.1. Europe Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.3.3. Europe Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2024-2031
9.3.4. Europe Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.3.5. Europe Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
9.4. Asia Pacific
9.4.1. Asia Pacific Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.4.3. Asia Pacific Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2024-2031
9.4.4. Asia Pacific Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts By End User, 2024-2031
9.4.5. Asia Pacific Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
9.5. Latin America
9.5.1. Latin America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.5.3. Latin America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2024-2031
9.5.4. Latin America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.5.5. Latin America Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
9.6. Middle East & Africa
9.6.1. Middle East & Africa Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
9.6.3. Middle East & Africa Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2024-2031
9.6.4. Middle East & Africa Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
9.6.5. Middle East & Africa Tool Storage Products Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2024-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Craftsman (a brand of Stanley Black & Decker)
10.2.1.1. Business Overview
10.2.1.2. Key Product/Service Offerings
10.2.1.3. Financial Performance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy
10.2.5. Lowe’s Companies, Inc.
10.2.10. Stanley Black & Decker, Inc.
10.2.11. Apollo Tools
10.2.12. Bosch
10.2.13. Husky
10.2.14. Husqurnava
10.2.15. Irwin Tools
10.2.16. Kobalt
10.2.17. Makita
10.2.18. Stalwart
10.2.19. Veto Pro Pac
10.2.20. Mac Tools
10.2.21. Apex Tool Group
10.2.22. Ergodyne
10.2.23. Knaack LLC
10.2.24. Techtronic Industries
10.2.25. Other Prominent Players
Segmentation of Tools Storage Products Market-
Tools Storage Products Market By Product Type-
Tools Storage Products Market By Material Type-
Tools Storage Products Market By End Use-
Tools Storage Products Market By Distribution Channel-
Tools Storage Products Market By Region-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
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The Tools Storage Products Market Size is valued at USD 1.68 billion in 2023 and is predicted to reach USD 2.37 billion by the year 2031
The Tools Storage Products Market is expected to grow at a 4.5% CAGR during the forecast period for 2024-2031.
Craftsmam, DeWalt Industrial Tool Company, GearWrench, Kennedy Manufacturing Co., Lowe’s Companies, Inc, Matco Tools, Milwaukee Electric Tool Corporat
Product Type, Material Type, End-Use, And Distribution Channel are the key segments of the Tools Storage Products Market.
North American region is leading the Tools Storage Products Market.
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