Dublin, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The "Europe Tool Storage Products Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The Europe tool storage products market was valued at $1,169.60 million in 2022 and is expected to grow at a CAGR of 2. 20% during the forecast period.
This report offers market size & forecast data for the European tool storage products market. 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 Europe tool storage products, including the Europe tool storage products market size, anticipated market forecast, relevant market segmentations, and industry trends.
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 the tools reduces the waste of time, keeps them safe from damage, and increases the user's efficiency as it requires less time for searching & arranging tools. Due to the advancements in the design of tool storage products, a greater number of tools can be stored in toolboxes, which may reduce the required space and increase portability.
The study considers a detailed scenario of the present tool storage products market and its market dynamics for 2023-2028 in Europe. 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.
KEY HIGHLIGHTS
- The Europe tool storage products market is growing significantly due to the increasing popularity of DIY activities, growing demand for lightweight-based tool storage products, the proliferation of e-commerce, booming construction activities in Europe, affordability & availability of a wide range of tool storage products, and high penetration of tool storage products in the automotive industry.
- In European countries, DIY activities have increased in commercial and residential sectors. Households prefer lightweight tool storage products, increasing their demand in the European tool storage products market.
- Stanley Black & Decker, Snap-on, Robert Bosch Stiftung, Emerson, Werner, and Sortimo are the leading players with strong market penetration. Vendors such as Bott, HAZET-WERK, raaco, Stahlwille, Festool, GEDORE, Sonic Tools, and BOXO are the other prominent players in the market with a noteworthy presence.
- Due to the strong presence of the automotive industry in many major countries of Europe, such as Germany, Spain, France, the UK, and Italy, there is a huge demand for tools and tool storage products. Portable tool storage products are gaining traction in the European market.
- Lightweight and recyclable material-based tool storage products demand is rising among professionals as it is a viable and fast approach to storing tools easily in day-to-day life.
- In commercial spaces, demand for pegboards is rising as it is easier and time-saving to store tools in pegboards.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 79 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $1.17 Billion |
| Forecasted Market Value (USD) by 2028 | $1.33 Billion |
| Compound Annual Growth Rate | 2.1% |
| Regions Covered | Europe |
Key Vendors
- Stanley Black & Decker
- Snap-on
- Robert Bosch Stiftung
- Emerson
- Werner
- Sortimo
Other Prominent Vendors
- Bott
- HAZET-WERK
- raaco
- Stahlwille
- Festool
- GEDORE
- Sonic Tools
- BOXO
- Techtronic Industries
- BenchMaster
- Teng Tools
- BETA UTENSILI
- KNIPEX
- Apex Tool Group
REPORT HIGHLIGHTS
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 Europe Tool Storage Products Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
- About
For more information about this report visit https://www.researchandmarkets.com/r/kqy9w0
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