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This report offers market size & forecast data for the tool storage products market in the US. The revenue generated from the sale of tool storage products is included in the report. This report provides a comprehensive and current market scenario of the US tool storage products, including the US tool storage products market size, anticipated market forecast, relevant market segmentations, and industry trends. Speak directly to the analyst to clarify any post sales queries you may have.
The study considers a detailed scenario of the present tool storage products market and its market dynamics for 2023−2028 in the US. IT covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. IT profiles and examines leading companies and other prominent players operating in the market.
MARKET DEFINITION
Tool storage products facilitate the storage and transport of tools and are suitable for several activities such as home improvement, gardening, repair & maintenance, and other industrial activities. Organizing tools will reduce the waste of time, keep them safe from damage, and increase the user’s efficiency, as IT requires less time for searching & arranging tools. The demand for pegboards is rising in commercial spaces as IT is the easiest method to store tools. Space utilization and portability are the essential qualities of tool storage products. Plastic, cloth-based lightweight tool storage products are gaining traction in the US tool storage products market. Due to the increasing disposable income among the US population, the spending on DIY activities in residential spaces has increased. The application of keeping IT inside vehicles is gaining traction in the US tool storage products market.KEY HIGHLIGHTS
- The US tool storage products market was valued at $1.03 billion in 2022 and is expected to grow at a CAGR of 1.56% during the forecast period.
- The US tool storage products market is growing significantly due to the increasing proliferation of DIY activities, growing demand for lightweight tool storage products, the proliferation of e-commerce, increasing number of new construction activities, affordability & availability of a wide range of tool storage products, and high demand for portable tool storage products.
- In the US tool storage products market, the demand for lightweight and portable products is rising significantly. Due to the growing automotive industry and continuous increase in the sale of light vehicles, the demand for portable toolboxes is expected to witness a staggering growth during the forecast period.
- In the US, DIY activities have increased in residential spaces. Millennials are asking for lightweight tool storage products for DIY activities. Thus, manufacturers can take this opportunity to expand their customer base.
- Stanley Black & Decker, Emerson, Apex Tool Group, Snap-on, Werner, and Techtronic Industries are the leading players with strong market penetration. Vendors such as Robert Bosch Stiftung, CQT Kennedy, Klein Tools, Stahlwille, Pure Fishing, Sortimo, BOXO, Trademark Global, Newell Brands, Festool, Myers Industries, and others are the other prominent players in the market with a noteworthy presence.
- Plastic-based tool storage products demand is rising among professionals as IT is a viable and fast approach to storing tools easily.
- IT isn’t easy to differentiate tool storage products in the US market, so manufacturers can take this as an opportunity and offer differentiated product ranges to increase customer loyalty.
VENDORS LIST
Key Vendors
- Stanley Black & Decker
- Emerson
- Apex Tool Group
- Snap-on
- Werner
- Techtronic Industries
Other Prominent Vendors
- Robert Bosch Stiftung
- CQT Kennedy
- Klein Tools
- Stahlwille
- Pure Fishing
- Sortimo
- BOXO
- Trademark Global
- Newell Brands
- Festool
- Myers Industries
- The Home Depot
- Pull’R Holding Company
- Sonic Tools
SEGMENTATION & FORECAST
Products Market Insights (2022-2028)
- Tool Chests & Cabinets
- Toolboxes
- Others
End-user Market Insights (2022-2028)
- Industrial
- Residential
- Commercial
- Vehicles
Distribution Channel Market Insights (2022-2028)
- Offline
- Online
Material Market Insights (2022-2028)
- Steel
- Plastic
- Others
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of the US Tool Storage Products Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
Table of Contents
CHAPTER - 1: US Tool Storage Products Market Overview
CHAPTER - 2: US Tool Storage Products Market Segmentation Data
CHAPTER - 3: US Tool Storage Products Market Prospects & Opportunities
CHAPTER - 4: US Tool Storage Products Market Overview
CHAPTER - 5: Appendix
LIST OF EXHIBITS
Companies Mentioned
- Stanley Black & Decker
- Emerson
- Apex Tool Group
- Snap-on
- Werner
- Techtronic Industries
- Robert Bosch Stiftung
- CQT Kennedy
- Klein Tools
- Stahlwille
- Pure Fishing
- Sortimo
- BOXO
- Trademark Global
- Newell Brands
- Festool
- Myers Industries
- The Home Depot
- Pull’R Holding Company
- Sonic Tools
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 71 |
| Published | August 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.03 Billion |
| Forecasted Market Value ( USD | $ 1.13 Billion |
| Compound Annual Growth Rate | 1.5% |
| Regions Covered | United States |
| No. of Companies Mentioned | 20 |
