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Tool Storage Products Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Tool Storage Products Market- (By Product Type – Job Site Boxes (Tool organizers), Tool Bags, Belts & Pouches, Chests & Cabinets, Tool Trolleys/ Carts (mobile units) and Accessories; By Application - Professional Grade and Consumer Grade; By Distribution Channel- Direct Sales (B2B), Wholesale Distributors, Retail Stores and E-commerce; By Industry- Residential (Individuals), Automotive, Trades (carpentry, electrical, plumbing), Construction, Gardening & Agriculture, Aviation and Heavy Industry; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 05-Apr-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0422192
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Tool Storage Products Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 3,014.1 Mn
Expected Revenue in 2027US$ 3,558.5 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR2.8%
Segments coveredBy Product Type, Application, Distribution Channel, Industry, and Region
Leading playersStanley Black & Decker, Techtronic Industries, Snap-on Inc., Griffon Corporation, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

A tool storage is a storage system or box which is used with the purpose to organise, carry, keep, protect tool in one box in order to increase productivity by arranging it in an organized manner.

Due to the rising demand of DIY, small construction and repairing at home, people prefer to have a tool storage set at home. Therefore, companies are focusing on offering portable tool storage products which are easy to carry and move anywhere.

The global tool storage products market is studied from 2017-2027. 

The growth rate of the global tool storage products market is 2.8%, with an estimated value of US$ 3558.5 Million by 2027.

North America held the major share in terms of revenue in the global tool storage products market in 2021. 

Factors such as increase in worker’s efficiency and increasing adoption of DIY activities drives the growth in the global tool storage products market.

Availability of alternatives at low-prices is a restraining factor which inhibits the growth of the market during the forecast period.

Product type, application, distribution channel, industry and region are the different segments of the global tool storage products market. 

Growing number of households is anticipated to offer a lucrative growth opportunity for the tools market, given their superior storage coupled with convenience and easy usage.

The job site boxes segment holds the major share in 2021 owing to variety of products available under the category. Also, the job site boxes are available as per the customized needs of the end-users.

China is expected to project the highest CAGR during the forecast period in the Asia Pacific tool storage products market. 

The key players operating in the market include Stanley Black & Decker, Techtronic Industries, Snap-on Inc., Griffon Corporation, Taparia, Apex Tools Group, K-Tool International, SAM Outillage and Prokit's Industries among others.

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