What is Tool Storage Market?
Tool storage is used to store and carry hardware or electrical tools. It is built to withstand the harsh conditions of the job site and to protect the tools. There are various types of tool storages are available in the market. The materials are used in the stool storage boxes are plastic, metal etc. There is a demand for plastic tool storage boxes because of its corrosion-resistant property. Portable tool storage boxes are also available which contains removable trays and cantilever trays for maximum storage.
The market study is being classified by Type (Floor-Mounted, Mobile, Wall-Mount and Benchtop), by Application (Professionals and Hobbyists) and major geographies with country level break-up.
Bott Ltd (United Kingdom), Matco Tools (United States), Buyers Products Company (United States), John Deere (United States), STANLEY Tools (United States), Robert Bosch GmbH (Germany), DEWALT (United States), Harbor Freight Tools (United States), Toolstation (United Kingdom), Lowe's Canada (Canada) and Draper Tools (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are RONA (Canada), B&Q (United Kingdom), Sunex Tools (United States), GearWrench (United States) and Halfords (United Kingdom).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Tool Storage market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tool Storage market by Type, Application and Region.
On the basis of geography, the market of Tool Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand from Automobile Industry
- Increasing Demand for Durable, Rugged and Rough Tool Storage
Market Trend
- Demand for Portable Tool Storage
Restraints
- Availability of the Substitutions in the Market
Opportunities
- Growing Demand from Developing Countries
- Rising Demand from Electrical, Plumbing and Other Industrial Tradesmen
Challenges
- Fluctuations in the Raw Material Prices
On 9th April 2019, Draper Tools launched a new tool storage system. It launched a new range of robust sheet steel modular storage cabinets and chests.
Key Target Audience
Tool Storage Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user