Global Tools Storage Products Market is expected to grow at a CAGR of 2.8% throughout the forecast period, to reach US$ 3924 Mn by 2029.Global Tools Storage Products Market Overview
Tool storage is a storage system or a box to be arranged to transport, store and protect toolsets in a single box. The increasing production, DIY, small buildings, and home repairs are more likely to give people a tool storage system at home. Companies now provide portable storage devices, allowing the user to transport the storage system. Two fundamental characteristics of tool storage systems are transport and space utilization. Thus several manufacturers provide value-added features in their tool storage devices, such as USB connections and power bank functions for charging smartphones. Customers have to pay a little premium for such tool storage goods.To know about the Research Methodology :- Request Free Sample Report
Global Tools Storage Products Market Dynamics
Tool storage product demand is increasing due to increased demand from the woodworking, construction, and building rehabilitation industries, emerging countries. Furthermore, the portable structure makes the tool storage goods excellent for transporting. Rising demand for high-quality materials is expected to boost the tool storage products market during the forecast period. Furthermore, manufacturers are improving their distribution methods to improve product sales. As a result, the market for tool storage devices is expected to grow during the forecast period. Similarly, a growing number of houses has been seen in several parts of the globe. According to the Office of National Statistics, the number of families in the United Kingdom increased by 20% in 2019. Furthermore, according to a US Census Bureau research, the number of family units in the United States exceeded 136 million in 2019. Given their improved storage combined with convenience, this increase in homes is expected to create large growth potential for the tools market, which is expected to drive demand for tool storage products. Surging Construction Industry in Leading Countries Driving the Market Growth The commercial sector has grown significantly in recent years, primarily to the growing construction industry, and is likely to continue to do so in the coming years. Construction spending has been steadily increasing across the country. For example, construction spending increased by 4% in 2017 in the United States, and it is predicted to reach 5% by the end of 2019. This has sparked the growth of the construction industry, with a particular emphasis on the creation of modern commercial spaces, with the number of offices predicted to rise by 6%. During the forecast period, this is projected to promote the usage of tool storage products.Segmentation Analysis:
By Material, the plastic segment largest segment of the market; it accounted for XX% of the total market share in 2019. A plastic toolbox is a convenient, cost-effective, and quick solution to store equipment for everyday use. Due to the increased prevalence of house ownership, customers often seek storage alternatives that make organizing and transferring equipment easier. They are eager to purchase value-added features like customizable accessories, light bars, and secure locking lids. By Distribution Channel, the fastest-growing distribution channel for tool storage goods is e-commerce. Although online retail sites provide easier browsing and a broader product catalog than physical stores, some customers are likely to prefer shopping in real stores since they can see tool storage items before buying them. Nevertheless, show rooming the process by which a customer browses and models a floor and then shops online, frequently at a reduced cost is boosting online sales.Regional Analysis:
In 2019, the market for tools storage goods grew at the quickest rate in the Asia Pacific. Major corporations running their global markets from North America and Europe accounted for a considerable proportion of the market. The revenue generated by North America in 2019 was more than US$ 2,950.4 Mn. The market is estimated to register growth with a CAGR of 2.7% during the forecast period. The market for tool storage products in Japan is likewise expected to increase significantly. Due to the early acceptance of tool storage products, the tool storage product market in North America and Europe is likely to increase at an average rate throughout the forecast period. South Asia, particularly China and South Korea, are developing markets for tool storage products, followed by India. Due to its low labor costs and extensive manufacturing infrastructure, China is the largest source of US tool storage imports. Imports are projected for a growing proportion of US demand in several sectors since low cost of production can be a major competitive advantage if customers are passed on savings. The objective of the report is to present a comprehensive analysis of the Global Tools Storage Products Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Tools Storage Products Market dynamics, structure by analyzing the market segments and project the Global Tools Storage Products Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tools Storage Products Market make the report investor’s guide.Global Tools Storage Products Market Scope: Inquire before buying
Storage Products Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 3234 Mn. Forecast Period 2023 to 2029 CAGR: 2.8% Market Size in 2029: US $ 3924 Mn. Segments Covered: by Material Wood Metal Plastic by Distribution Channel Online (Third Party Website, Company Owned Website) Offline (Specialty Stores, Hypermarkets and Supermarkets) Global Tools Storage Products Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest) South America (Brazil, Argetina and Rest of South America)Global Tools Storage Products Market Key Players
1. Apex Tool Group, LLC 2. Bosch Rexroth AG 3. CQT Kennedy, LLC 4. Mac Tools 5. Snap-on Incorporated 6. STAHLWILLE Eduard Wille GmbH & Co. KG 7. Stanley Black & Decker, Inc 8. Techtronic Industries Co. Ltd 9. Tenacious Holdings, Inc. (dba Ergodyne) 10. WernerCo. (knaack) 11. Kennedy Mfg 12. DeWalt 13. Ergodyne 14. Knaack LLC 15. Techtronic Industries Frequently Asked Questions: 1. Which region has the largest share in Global Storage Products Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Storage Products Market? Ans: The Global Storage Products Market is growing at a CAGR of 2.8% during forecasting period 2023-2029. 3. What is scope of the Global Storage Products Market report? Ans: Global Storage Products Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Storage Products Market size in 2022? Ans: The Global Storage Products market was valued at US$ 3234 Mn. In 2022. 5. What is the study period of this Market? Ans: The Global Storage Products Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Tools Storage Products Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Tools Storage Products Market 3.4. Geographical Snapshot of the Tools Storage Products Market, By Manufacturer share 4. Global Tools Storage Products Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Tools Storage Products Market 5. Supply Side and Demand Side Indicators 6. Global Tools Storage Products Market Analysis and Forecast, 2022-2029 6.1. Global Tools Storage Products Market Size & Y-o-Y Growth Analysis. 7. Global Tools Storage Products Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 7.1.1. Wood 7.1.2. Metal 7.1.3. Plastic 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.2.1. Online (Third Party Website, Company Owned Website) 7.2.2. Offline (Specialty Stores, Hypermarkets and Supermarkets) 8. Global Tools Storage Products Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Tools Storage Products Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 9.1.1. Wood 9.1.2. Metal 9.1.3. Plastic 9.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.2.1. Online (Third Party Website, Company Owned Website) 9.2.2. Offline (Specialty Stores, Hypermarkets and Supermarkets) 10. North America Tools Storage Products Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Tools Storage Products Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Tools Storage Products Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Tools Storage Products Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Tools Storage Products Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Tools Storage Products Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Tools Storage Products Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Tools Storage Products Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Tools Storage Products Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Tools Storage Products Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Tools Storage Products Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Tools Storage Products Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Tools Storage Products Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Tools Storage Products Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Tools Storage Products Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Tools Storage Products Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Tools Storage Products Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Tools Storage Products Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Tools Storage Products Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Tools Storage Products Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Tools Storage Products Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Tools Storage Products Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Tools Storage Products Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Tools Storage Products Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Tools Storage Products Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Tools Storage Products Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Tools Storage Products Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Tools Storage Products Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Tools Storage Products Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Tools Storage Products Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Tools Storage Products Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Tools Storage Products Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Tools Storage Products Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Tools Storage Products Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Tools Storage Products Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Material, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Tools Storage Products Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Mac Tools 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Apex Tool Group, LLC 45.5. Bosch Rexroth AG 45.6. CQT Kennedy, LLC 45.7. Mac Tools 45.8. Snap-on Incorporated 45.9. STAHLWILLE Eduard Wille GmbH & Co. KG 45.10. Stanley Black & Decker, Inc 45.11. Techtronic Industries Co. Ltd 45.12. Tenacious Holdings, Inc. (dba Ergodyne) 45.13. WernerCo. (knaack) 45.14. Kennedy Mfg 45.15. DeWalt 45.16. Ergodyne 45.17. Knaack LLC 45.18. Techtronic Industries 46.Primary Key Insights