Global Automotive Tools Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Tools Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Automotive Tools refer to the maintenance tool developed by the automobile main engine factory for a specific model or series of vehicles. The special tool can quickly and safely disassemble the internal parts such as the automobile engine and the gearbox. Since the auto parts are mostly non-standard sizes, the special tools for each model are different.

Market Overview:

The latest research study on the global Automotive Tools market finds that the global Automotive Tools market reached a value of USD 41307.47 million in 2022. It’s expected that the market will achieve USD 59999.45 million by 2028, exhibiting a CAGR of 6.42% during the forecast period.

Market Drivers and Impact

The global automotive industry is growing rapidly. The global automotive industry is mainly concentrated in North America, Europe and East Asia. With the continuous economic development and population increase in these regions, the consumption of automobile production will continue to increase, and at the same time, the upstream and downstream industries of automobiles will be promoted. The development of future emerging markets will also greatly increase the sales of automotive tools.
Automotive tools are mainly used in the manufacture and maintenance of automobiles. With the rise of the global economy and population growth in recent years, global income and purchasing power have steadily increased. New car purchase demand and redemption demand jointly promote the production and sales of the automotive industry. The development of the automotive industry has driven the expansion of the automotive tool market.

Region Overview:

From 2023-2028, APAC is estimated to witness robust growth prospects.

Company Overview:

Snap-on is one of the major players operating in the Automotive Tools market, holding a share of 7.84% in 2019.

Snap-on Tools Company LLC provides industrial equipment. The Company offers power-driven hand tools and accessories.

Bosch is a German multinational company with engineering and electronics as its top business, headquartered in Gerlingen near Stuttgart. It is the world's largest supplier of automotive components in 2011. The company was founded in 1886 by Robert Bosch in Stuttgart.

Segmentation Overview:

Among different product types, Manual segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Manufacture segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Tools market covered in Chapter 3:

Makita
Actia SA
AVL List GmbH
Continental AG
Atlas Copco
Bosch
TTI
Stanley Black & Decker
Delphi Technologies
Apex Tool Group
Snap-on
Ingersoll Rand
Klein Tools
Denso Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Tools market from 2018 to 2029 is primarily split into:

Manual
Electric
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Tools market from 2018 to 2029 covers:

Manufacture
Maintence

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)