Global Auto Repair Tools Market Overview:
Auto repair tools are the automotive tools that find their application to repair the vehicles, cars, auto, and others. There are various types of auto repairing tools such as screwdrivers, wrenches, socket sets, and jack and stands used for repairing engine service, oil service, wheel, and tire service, brake servicing and other types of services. These tools are available in various sizes and shapes according to the working principle. These tools can be majorly used by the automotive industry, repair shops and auto garages for the maintenance of vehicles. Moreover, some of the auto repair tools are also used in home. Therefore, the rising demand for auto repair tools will boost the market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Auto Repair Tools are Trending Owing to the Rise in Maintenance of Vehicles and Cars
Market Growth Drivers:
Increasing Demand from Auto Repair Shops, Workshops for Repairing Vehicles and Cars and Auto Repair Tools are used for the Oil Servicing, Engine Servicing, Tire and Wheel Servicing and Others
Challenges:
Increasing Use of Pneumatic Repair Tools than Hand Tools
Restraints:
Most of Auto Repair Factories are now able to Provide Maintenance & Repair of Vehicles by Automation
Opportunities:
Growing Vehicle Production will Increasing Demand for Auto Repair Tools
Competitive Landscape:
Some of the key players profiled in the report are Bosch (Germany), Delphi (United Kingdom), Snap-on (United States), Stanley Black & Decker (United States), Atlas Copco (Sweden), Apex Tool Group (United States), Hitachi (Japan), Makita Corporation (Japan), Illinois Tool Works (United States) and Eastman Hand Tools (India). Additionally, following companies can also be profiled that are part of our coverage like Shaoxing Schiller Import and Export Co., Ltd. (China), Shaoxing Schiller Import and Export Co., Ltd. (China), Royals (Qingdao) Technology Co., Ltd (China) and ASPL Service (India). Analyst at AMA Research see United States, United Kingdom, China Vendors to retain maximum share of Global Auto Repair Tools market by 2028. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Auto Repair Tools market.
Latest Market Insights:
In October 2020, BorgWarner Inc. acquired Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner's electronics and power electronics, capabilities, and scale, making it a leader in electric propulsion systems that BorgWarner believes is well-positioned to capitalize on future propulsion migrations.
In October 2019, Apex Tool Group, the world's leading manufacturer of industrial hand tools and power tools, launched SATA Tools, a new performance brand for American automotive technicians. This product is sold exclusively on Amazon.
What Can be Explored with the Auto Repair Tools Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Auto Repair Tools Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Auto Repair Tools
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Auto Repair Tools market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Auto Repair Tools market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Auto Repair Tools Manufacturer, Raw Material Suppliers, Auto Repair Tools Supplier/Distributers/Traders, Auto Repair Shops, Automobile Factory and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.