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Impact Socket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 148 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701040
Description Jump to:
The global impact socket market size reached US$ 1,029.6 Million in 2022. Looking forward, the analyst expects the market to reach US$ 1,440.0 Million by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

An impact socket is a mechanical device used in conjunction with powered impact or air wrenches or drivers, as the combination of these provides sufficient torque for a fastener to be tightened. As opposed to regular sockets, impact sockets are usually made of chrome molybdenum and are black in color due to a coating of black oxide. They store kinetic energy in a rotating hammer that is connected to the impact socket, thereby reducing the probability of shattering from vibrations caused. The impact socket moves clockwise or anticlockwise as the kinetic energy is released, thus resulting in the loosening or tightening of the nut bolt. It is used by mechanics in garages to remove seized nuts and bolts from cars with impact wrenches. Apart from this, they are also extensively used by professional racing teams for fast tightening or loosening the nut bolts while changing tires on vehicles.

Impact Socket Market Trends:

The market is primarily driven by the expanding construction activities across the globe. This can be attributed to considerable growth in the construction, real estate and hospitality industries. In addition to this, the rapid product utilization in the manufacturing sector for loosening or tightening nuts and bolts is creating lucrative growth opportunities for the market. Numerous impact socket manufacturers are being offered subsidies by the governments of their respective countries while receiving technology transfers from renowned companies, which is providing an impetus to the market. The market is also fueled by the easy product availability across online and offline organized retail channels. Furthermore, numerous merger and acquisition (M&A) activities by key players seeking to gain a competitive advantage through joint ventures are propelling the market. Some of the other factors that are creating a positive outlook for the market include rapid urbanization and industrialization, continual product innovations, inflating disposable income levels and extensive research and development (R&D) activities.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global impact socket market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, size, distribution channel and application.

Breakup by Type:

  • Hex Sockets
  • In-Hex Sockets

Breakup by Size:

  • 1/2 Inch
  • 3/8 Inch
  • 1/4 Inch

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by Application:

  • Automotive
  • Industrial
  • Construction
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Apex Tool Group LLC, Deltec Industries Ltd, Grey Pneumatic Corp., IMPERIAL-Newton Corporation, Powermaster Engineers Pvt. Ltd., Stanley Black & Decker Inc., Teng Tools AB, Tien-I Industrial Co. Ltd. and Wright Tool Company Inc. (Federal Resources Supply Company).

Key Questions Answered in This Report:

  • How has the global impact socket market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global impact socket market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the size?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global impact socket market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Impact Socket Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Hex Sockets
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 In-Hex Sockets
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Size
7.1 1/2 Inch
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 3/8 Inch
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 1/4 Inch
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Industrial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Construction
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Apex Tool Group LLC
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Deltec Industries Ltd
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Grey Pneumatic Corp.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 IMPERIAL-Newton Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Powermaster Engineers Pvt. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Stanley Black & Decker Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Teng Tools AB
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Tien-I Industrial Co. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Wright Tool Company Inc. (Federal Resources Supply Company)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Impact Socket Market: Major Drivers and Challenges
Figure 2: Global: Impact Socket Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Impact Socket Market: Breakup by Type (in %), 2022
Figure 5: Global: Impact Socket Market: Breakup by Size (in %), 2022
Figure 6: Global: Impact Socket Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Impact Socket Market: Breakup by Application (in %), 2022
Figure 8: Global: Impact Socket Market: Breakup by Region (in %), 2022
Figure 9: Global: Impact Socket (Hex Sockets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Impact Socket (Hex Sockets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Impact Socket (In-Hex Sockets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Impact Socket (In-Hex Sockets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Impact Socket (1/2 Inch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Impact Socket (1/2 Inch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Impact Socket (3/8 Inch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Impact Socket (3/8 Inch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Impact Socket (1/4 Inch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Impact Socket (1/4 Inch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Impact Socket (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Impact Socket (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Impact Socket (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Impact Socket (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Impact Socket (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Impact Socket (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Impact Socket (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Impact Socket (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Impact Socket (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Impact Socket (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Impact Socket (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Impact Socket (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Impact Socket Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Impact Socket Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Impact Socket Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Impact Socket Industry: SWOT Analysis
Figure 81: Global: Impact Socket Industry: Value Chain Analysis
Figure 82: Global: Impact Socket Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Impact Socket Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Impact Socket Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Impact Socket Market Forecast: Breakup by Size (in Million US$), 2023-2028
Table 4: Global: Impact Socket Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Impact Socket Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Impact Socket Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Impact Socket Market: Competitive Structure
Table 8: Global: Impact Socket Market: Key Players

Companies Mentioned

  • Apex Tool Group LLC
  • Deltec Industries Ltd
  • Grey Pneumatic Corp.
  • IMPERIAL-Newton Corporation
  • Powermaster Engineers Pvt. Ltd.
  • Stanley Black & Decker Inc.
  • Teng Tools AB
  • Tien-I Industrial Co. Ltd.
  • Wright Tool Company Inc. (Federal Resources Supply Company)

Methodology

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Table Information

Report AttributeDetails
No. of Pages148
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 1029.6 Million
Forecasted Market Value ( USD ) by 2028 $ 1440 Million
Compound Annual Growth Rate5.8%
Regions CoveredGlobal
No. of Companies Mentioned9

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