US Tool Storage Products Market - Focused Insights 2023-2028

US Tool Storage Products Market - Focused Insights 2023-2028

REPORT OVERVIEW

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.

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 $1,032.00 million 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

1. Stanley Black & Decker

2. Emerson

3. Apex Tool Group

4. Snap-on

5. Werner

6. Techtronic Industries

Other Prominent Vendors

1. Robert Bosch Stiftung

2. CQT Kennedy

3. Klein Tools

4. Stahlwille

5. Pure Fishing

6. Sortimo

7. BOXO

8. Trademark Global

9. Newell Brands

10. Festool

11. Myers Industries

12. The Home Depot

13. Pull’R Holding Company

14. Sonic Tools

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 US Tool Storage Products Market
• Key Vendors
• Other Prominent Vendors

APPENDIX

• Research Methodology
• Abbreviations
• About Arizton