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Market Overview of Global Tool Chests market:
According to our latest research, the global Tool Chests market looks promising in the next 5 years. As of 2022, the global Tool Chests market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Tool Chests are used to organize, carry and protect tools, and can store a variety of tools. Tool Chests include top tool chests, intermediate tool chests, tool cabinets, side cabinets, mobile workstations/work benches, standard tool storage. Tool chests can be used for storage, hobbies or DIY, and their contents vary according to the owner's choice.
Enterprise cost increases
Under the influence of the epidemic, governments of various countries ordered to reduce travel, some areas with severe epidemic were blocked, the logistics industry was affected, and the transportation of Tool Chests goods of enterprises was hindered, because transportation channels such as railway transportation and highway transportation were restricted, so the transportation cost of Tool Chests goods also increased. Under the epidemic situation, the resumption of factory work requires enterprises to be equipped with complete epidemic prevention materials to ensure the life and health of employees, and also need to buy epidemic prevention materials such as masks, disinfectants and hand sanitizers, which increases the production cost of enterprises and increases the risk of infection. All these factors have an impact on the development of Tool Chests industry.
The Development of Online Shopping
Under the influence of the epidemic, residents reduced their travel, and the epidemic changed people's consumption patterns, and all walks of life began to conduct online business. Tool Chests industry has also joined the online sales. It is more convenient to sell Tool Chests online through e-commerce. Under the influence of epidemic, consumers can't go out and use the Internet more often, so the number of online shopping has also increased, thus promoting the online sales of Tool Chests. The growth of these demands has promoted the development of Tool Chests industry.
The competition in the industry is fierce
The manufacturing process of Tool Chests is relatively simple, and the technical barriers in the industry are not high, so many companies can join the Tool Chests industry, and some companies carry out business in this field of Tool Chests and continuously expand the market through acquisition and merger.
The competition in the industry is fierce, and each enterprise expands its sales market in different ways, thus increasing its market share. Therefore, enterprises in the Tool Chests industry are facing great challenges. Enterprises should formulate investment development strategies and innovate new products to promote their own development.
Development of E-commerce industry
With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and the Tool Chests industry has also joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions.
Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. It is also more convenient for consumers to buy Tool Chests online. The convenience of Internet and the development of e-commerce promote the demand growth of Tool Chests.
Company Overview:
Stanley Black & Decker (Facom,Stanley,etc) is one of the major players operating in the Tool Chests market, holding a share of 23.3% in 2022.
Stanley Black & Decker (Facom,Stanley,etc)
For the builders and protectors, for the makers and explorers, for those shaping and reshaping our world through hard work and inspiration, Stanley Black & Decker provides the tools and innovative solutions. Stanley focuses on domain security solutions, construction and DIY, industrial and automobile maintenance and engineering fastening. Facom is Europe's biggest hand tool company. A division of Stanley Black & Decker, it is a major part of the world's biggest tool group. Facom was established in Paris, France, in 1918. With 12 European factories specialised by tooling type in its group, Facom can offer its worldwide customers quality products made in Europe: two thirds of Facom products are made in Europe.
Sealey Tools
Sealey Tools are one of the largest tool and equipment suppliers in the UK for the professional and serious Mechanical or DIY user.
Segmentation Overview:
By type, Tool Cabinets segment accounted for the largest share of market in 2021.
Top Tool Chest
Top tool chests are designed to sit on top of a workbench or rolling cabinet.
Intermediate Tool Chest
Intermediate chests are designed to sit between a top chest and a rolling cabinet or workbench. These chests are generally not portable unless transported on a rolling cabinet or cart.
Tool Cabinets
Tool cabinets have less mobility, but they have more space. The tool cabinet is suitable for the fixed management of tools, cutting tools and spare parts in the production site, so as to make the goods access work on time, accurately, with high efficiency and low consumption.
Side Cabinets
A tool box not designed to be used by itself, a Side Cabinet hangs or is installed on the side of a Roller Cabinet to increase its capacity.
Mobile Workstations/Work Benches
Mobile Workstations/Work Benches' roller based drawer slides provide superior performance and withstand greater loads. Mobile Workstations/Work Benches can be moved for easier access to tools.
Standard Tool Storage
Compared with other heavy-duty Tool Chests such as mobile workstations/workbench, Standard Tool Storage is more portable. Generally, it includes tool boxes and tool cases.
Application Overview:
The market's largest segment by application is the segment Manufacturing/Industrial, with a market share of 40.31% in 2021.
Manufacturing/Industrial
Manufacturing/industrial tools are generally large and heavy, so Tool Chests is very suitable for any industrial workshop or manufacturing workshop, and provides users with high-quality storage solutions for heavy tools and heavy tools.
Commercial Spaces (Schools, Hospitals etc.)
Commercial spaces generally include museums, exhibition halls, shopping malls, pedestrian streets, office buildings, hotels, restaurants and other areas, in which Tool Chests products can also be used to store tools.
Professional and DIY
The labor cost of decoration is relatively high, and some simple maintenance items can be handled by consumers themselves. People with certain professional knowledge will choose to repair and build projects by themselves. Therefore, consumers with professional knowledge and consumers who want DIY will choose to buy Tool Chests.
Residential
Residential area refers to the area where residents live. Residents place Tool Chests at home or garage for easy storage of tools.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Tool Chests market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Tool Chests Market Report:
Market Size Estimates: Tool Chests market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Tool Chests market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Tool Chests market
Segment Market Analysis: Tool Chests market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Tool Chests market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Tool Chests Market: Revenue and sales volume of major countries in each region
Tool Chests Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Tool Chests market in major regions.
Tool Chests Industry Value Chain: Tool Chests market raw materials & suppliers, manufacturing process, distributors, downstream customers
Tool Chests Industry News, Policies & Regulations
Key players in the global Tool Chests market are covered in Chapter 12:
Sealey Tools
J.A.S. Engineering
Bott Ltd.
Beta Utensili SpA
Clarke International
Teng Tools UK & Ireland
Stanley Black & Decker (Facom, Stanley, etc.)
Tuffboxes
SNA Europe (Bahco)
In Chapter 2 and Chapter 15.1, based on types, the Tool Chests market from 2018 to 2028 is primarily split into:
Top Tool Chest
Intermediate Tool Chest
Tool Cabinets
Side Cabinets
Mobile Workstations/Work Benches
Standard Tool Storage
In Chapter 3 and Chapter 15.2, based on applications, the Tool Chests market from 2018 to 2028 covers:
Manufacturing/Industrial
Commercial Spaces (Schools, Hospitals etc.)
Professional and DIY
Residential
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Tool Chests market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028