Tool Bags are suitable for storing all kinds of tool, including hardware tool, garden instrument, maintenance tool, electrician tools, etc. It has powerful storage function and is easy to carry, which can help users faster, better, safer, more convenient to complete the task.
The market is very fragment. There are thousands of players, and their Sales were very small. Meanwhile, considering the cost factor, many enterprises adopt the form of OEM.
On the basis of region, China is the largest market segment of Tool Bags, with a volume market share nearly 29.67% in 2016, followed by Europe. However, China just accounted 12.73% revenue market share. The price in Europe and USA is several times that in China.
Tool Bags are widely used in construction industry, manufacturing & industry, electric power industry and service industry. Report data showed that 47.64% of the Tool Bags market demand in construction industry in 2016.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product?s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.
According to this study, over the next five years the Tool Bags market will register a 4.3% CAGR in terms of revenue, the global market size will reach USD 710 million by 2024, from USD 550 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Tool Bags business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Tool Bags market by product type, application, key manufacturers and key regions and countries.
This study considers the Tool Bags value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Open tote
Zippered
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Construction Industry
Manufacturing & Industry
Electric Power Industry
Service Industry
Other
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Klein Tools
Stanley
Rooster Products International
Ergodyne (Tenacious Holdings, Inc.)
Custm Leathercraft
Southwire
LENOX
Bucket Boss (Pull'R Holdings LLC)
Dickies
Eastwood
Greatstar
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Tool Bags consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Tool Bags market by identifying its various subsegments.
Focuses on the key global Tool Bags manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Tool Bags with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Tool Bags submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
