Dublin, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The "Europe Tool Storage Products Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The latest research report on the Europe Tool Storage Products Market presents an in-depth analysis of market dynamics, segmentation, and competitive landscape from 2023 to 2028. The European market for tool storage products, which facilitates efficient organization and transport of tools for various applications, is poised for growth, buoyed by several factors influencing the sector.
According to the report, the market was valued at $1,169.60 million as of 2022 and is projected to expand at a steady CAGR of 2.20% during the forecast period. The study thoroughly examines the key components that are driving the market forward, along with the potential barriers that stakeholders might face.
Market Dynamics and Trends
- Growth in DIY activities across European households
- Increase in demand for lightweight and portable tool storage solutions
- The rise of e-commerce platforms facilitating easy purchase and availability
- Booming construction activities in the region
- Affordability and a wide array of product offerings
- Significant penetration in the automotive industry
Competitive Landscape and Key Players
The market structure is further explained through the detailed competitive landscape, highlighting key industry players that dominate the market. Among the leading vendors are Stanley Black & Decker, Snap-on, Robert Bosch Stiftung, Emerson, Werner, and Sortimo. The report also mentions other key players with substantial market presence, including Bott, HAZET-WERK, raaco, and more.
Segmentation Insights
The study offers in-depth insights into the market's varied product offerings:
- Tool Chests & Cabinets
- Toolboxes
- Other related products
These products cater to a diverse range of end-users, including industrial, residential, and commercial sectors, as well as for vehicle-related applications.
Material Market Segmentation
- Steel-based products
- Plastic storage solutions
- Other material-based tool storage products
The market forecast and insights take into account the sales distribution channels which are segmented into offline and online platforms.
Market Structure
The report provides a nuanced structure of the market, considering the dynamics that are shaping the current and future landscape of tool storage products in Europe. It also profiles and examines the leading companies and other prominent players actively operating within the market space.
For the complete set of insights and detailed market forecast, the full report is an essential resource for stakeholders, investors, and industry professionals looking into the Europe Tool Storage Products Market.
Appendix
At the end of the document, the study incorporates a comprehensive research methodology and a list of abbreviations for clarity and ease of understanding, solidifying the credibility and methodical nature of the report.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 79 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $1.17 Billion |
| Forecasted Market Value (USD) by 2028 | $1.33 Billion |
| Compound Annual Growth Rate | 2.1% |
| Regions Covered | Europe |
A selection of companies mentioned in this report includes
- Stanley Black & Decker
- Snap-on
- Robert Bosch Stiftung
- Emerson
- Werner
- Sortimo
- Bott
- HAZET-WERK
- raaco
- Stahlwille
- Festool
- GEDORE
- Sonic Tools
- BOXO
- Techtronic Industries
- BenchMaster
- Teng Tools
- BETA UTENSILI
- KNIPEX
- Apex Tool Group
For more information about this report visit https://www.researchandmarkets.com/r/65q0zg
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