Market Overview:
The global allen key market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for allen keys in various applications, such as factories, repair shops, and households. In addition, the growing demand for allen keys from emerging economies is also contributing to the growth of this market. On the basis of type, the global allen key market can be segmented into L-clamp Allen key and T-clamp Allen key. The L-clamp Allen key segment is expected to account for a larger share of this market than the T-clamp Allen key segment duringthe forecast period. Onthe basis of application, thismarket can be divided into factory use, repair shop use, household useand others (such as automotive).
Product Definition:
An Allen key is a tool that is used to tighten or loosen screws that have an Allen head. It is a hexagon-shaped key with a hole in the center.
L-clamp Allen Key:
L-clamp Allen Key is a tool used to remove and replace the Allen bolts in L-shaped brackets. It has an advantage over regular hex keys as it can be used in both left and right hand threads, making it easier to use for people who are left-handed or have difficulty using tools. The growth factor for this market is that they are manufactured by companies like TAPCO (U.S.), Kia (Korea), and Tekonsha (U.
T-clamp Allen Key:
A t-clamp Allen key is a tool used to remove and replace the front wheel on a bicycle. It consists of an elongated lever with two handles at the end of it, one handle is attached to each side of the lever. The other end of the lever has a screw or nut that can be unscrewed or tightened according to requirement.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. The Allen key is widely used in various industries including automotive, construction, electronics and appliances among others. In recent years, the use of this tool has increased significantly across all major repair shops globally as it can be used to remove and replace a variety of engine components with ease. It is also being increasingly utilized by technicians at factory workshops to carry out scheduled maintenances on various vehicle types including trucks, buses & coaches among others.
The usage of an allen key can help reduce the time required for servicing or maintenance operations at a repair shop thereby saving both time and cost associated with these activities which are eventually passed onto customers in reduced form i.e.
Regional Analysis:
North America dominated the global Allen key market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing demand for heavy machinery and industrial equipment in countries such as U.S., Canada, and Mexico.
Asia Pacific is expected to grow at a significant CAGR during the forecast years on account of rapid development witnessed by manufacturing industries across various countries such as China, India, Japan etc.
Growth Factors:
- Increasing demand from automotive and aerospace industries for Allen keys as special tools.
- Growing popularity of DIY projects, which has led to an increase in the use of Allen keys by consumers.
- The increasing number of online stores that sell Allen keys and related tools, making them more easily accessible to consumers.
- The growing trend of using metric measurements instead of imperial measurements, which has led to a rise in the demand for metric Allen keys.
- The increasing popularity of hex screws, which has led to an increase in the use of hex-head Allen keys
Scope Of The Report
Report Attributes
Report Details
Report Title
Allen Key Market Research Report
By Type
L-clamp Allen Key, T-clamp Allen Key
By Application
Factory, Repair Shop, House Using, Others
By Companies
Ares, Stanley, Bondhus, Neiko, WorkPro, TEKTON, Titan Tools, Outdoor Gear & Hardware, Allen, EKLIND, SPERO, Ampro, Klein
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Allen Key Market Report Segments:
The global Allen Key market is segmented on the basis of:
Types
L-clamp Allen Key, T-clamp Allen Key
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Factory, Repair Shop, House Using, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ares
- Stanley
- Bondhus
- Neiko
- WorkPro
- TEKTON
- Titan Tools
- Outdoor Gear & Hardware
- Allen
- EKLIND
- SPERO
- Ampro
- Klein
Highlights of The Allen Key Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- L-clamp Allen Key
- T-clamp Allen Key
- By Application:
- Factory
- Repair Shop
- House Using
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Allen Key Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Allen Key is a digital security company that provides end-to-end encryption and data protection services. It offers a range of products, including its flagship product, the Allen Key Security Suite. The suite includes tools to protect users' data against cyberattacks, malware attacks, and unauthorized access.
Some of the major players in the allen key market are Ares, Stanley, Bondhus, Neiko, WorkPro, TEKTON, Titan Tools, Outdoor Gear & Hardware, Allen, EKLIND, SPERO, Ampro, Klein.
The allen key market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Allen Key Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Allen Key Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Allen Key Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Allen Key Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Allen Key Market Size & Forecast, 2020-2028
4.5.1 Allen Key Market Size and Y-o-Y Growth
4.5.2 Allen Key Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 L-clamp Allen Key
5.2.2 T-clamp Allen Key
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Factory
6.2.2 Repair Shop
6.2.3 House Using
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Allen Key Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Allen Key Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 L-clamp Allen Key
9.6.2 T-clamp Allen Key
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Factory
9.10.2 Repair Shop
9.10.3 House Using
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 L-clamp Allen Key
10.6.2 T-clamp Allen Key
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Factory
10.10.2 Repair Shop
10.10.3 House Using
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 L-clamp Allen Key
11.6.2 T-clamp Allen Key
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Factory
11.10.2 Repair Shop
11.10.3 House Using
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 L-clamp Allen Key
12.6.2 T-clamp Allen Key
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Factory
12.10.2 Repair Shop
12.10.3 House Using
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 L-clamp Allen Key
13.6.2 T-clamp Allen Key
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Factory
13.10.2 Repair Shop
13.10.3 House Using
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Allen Key Market: Competitive Dashboard
14.2 Global Allen Key Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ares
14.3.2 Stanley
14.3.3 Bondhus
14.3.4 Neiko
14.3.5 WorkPro
14.3.6 TEKTON
14.3.7 Titan Tools
14.3.8 Outdoor Gear & Hardware
14.3.9 Allen
14.3.10 EKLIND
14.3.11 SPERO
14.3.12 Ampro
14.3.13 Klein
