Market Overview:
The global bits and sleeves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for power bits, plug-in bits, power sleeves, safety sleeves, and universal wrench sleeves across different applications. In terms of type, the power bit segment is expected to lead the global market during the forecast period. This can be attributed to the increasing demand for these products in automotive and aerospace applications.
Product Definition:
Bits and Sleeves are the two most important components of a horse's tack. The Bit is placed in the horse's mouth and provides a place for the rider to grip with their hands. The Sleeve fits over the Bit and prevents it from slipping through the horse's mouth.
Power Bits:
Power bits is a new term in the industry and has been used to refer to the small change that can be made in an existing product or service. The power of bits is harnessed from social media, e-commerce, online advertising, etc., which makes it easier for customers to find products they are looking for. Power Bit technology helps retailers improve their search engine optimization by including product data on web pages as well as other digital platforms such as social media and e-commerce sites.
Plug-in Bits:
Plug-in bits are a combination of plug-in sockets and modular plugs that can be used in electrical equipment such as computers, laptops, servers, routers and other networking devices. The growing demand for data centers is expected to drive the growth of the market over the forecast period.
The increasing use of cloud computing has led to an increase in demand for high performance networks which is further expected to propel market growth over the next seven years.
Application Insights:
Automotive application led the global bits and sleeves market in 2017, accounting for over 30.0% share of the overall revenue. The growth can be attributed to an increase in production of electric vehicles as well as conventional vehicles, which require different types of fasteners for assembly. As a result, bit and sleeve manufacturers are focusing on expanding their product offering to meet the demand from various end-use industries such as automotive and aerospace.
The railway locomotive application segment is expected to witness significant growth over the forecast period owing to an increase in railway infrastructure development projects across several countries including China, India, Australia & New Zealand (NIK), U.K., Germany France Italy (GIFI), Spain Russia (SGI) Belgium Turkey Netherlands Poland Sweden Ukraine United States Of America (USA).
Regional Analysis:
The North American region dominated the market in terms of revenue in 2017. The growth can be attributed to the increasing demand for power tools and equipment, automobiles, and aerospace & defense products. Moreover, rising investments by companies for developing new products are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over a projected period owing to rapid industrialization along with growing infrastructure activities in emerging economies such as China and India. In addition, favorable government initiatives regarding manufacturing facilities are further expected to fuel product demand across this region during the forecast period from 2018-2030 (forecast). For instance; In 2015; Government of India’s ‘Make in India’ initiative was launched which focused on encouraging domestic manufacturing through tax benefits etc., which is likely boost regional product demand during future years (2018-2030).
Growth Factors:
- Increasing demand from the electronics and electrical industry for bits and sleeves as a result of the growth in these industries.
- The increasing popularity of Bits and Sleeves among consumers due to their low price, durability, and easy installation.
- The increasing demand for Bits and Sleeves in developing countries as a result of the growth in these countries' economies and the expansion of their manufacturing sectors.
- The growing use of Bits and Sleeves by Original Equipment Manufacturers (OEMs) as a result of their need to reduce costs, improve quality,and increase efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bits and Sleeves Market Research Report
By Type
Power Bits, Plug-in Bits, Power Sleeves, Safety Sleeves, Universal Wrench Sleeves
By Application
Automobile, Aerospace, Railway Locomotive, Rolling Stock Manufacturing, Equipment Manufacturing, Home Appliance Assembly
By Companies
Apex, Atlas, Jiangsu Dongcheng M&E Tools Co.,Ltd.,, Vessel, Action, NAC, BOSCH, Wiha, Zhejiang Aote Tools Co., Ltd, Stanley Black & Decker, Wera, Makita Corporation, MASTERPROOF
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Bits and Sleeves Market Report Segments:
The global Bits and Sleeves market is segmented on the basis of:
Types
Power Bits, Plug-in Bits, Power Sleeves, Safety Sleeves, Universal Wrench Sleeves
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
Automobile, Aerospace, Railway Locomotive, Rolling Stock Manufacturing, Equipment Manufacturing, Home Appliance Assembly
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:
- Apex
- Atlas
- Jiangsu Dongcheng M&E Tools Co.,Ltd.,
- Vessel
- Action
- NAC
- BOSCH
- Wiha
- Zhejiang Aote Tools Co., Ltd
- Stanley Black & Decker
- Wera
- Makita Corporation
- MASTERPROOF
Highlights of The Bits and Sleeves 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:
- Power Bits
- Plug-in Bits
- Power Sleeves
- Safety Sleeves
- Universal Wrench Sleeves
- By Application:
- Automobile
- Aerospace
- Railway Locomotive, Rolling Stock Manufacturing
- Equipment Manufacturing
- Home Appliance Assembly
- 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 Bits and Sleeves 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?
Some of the key players operating in the bits and sleeves market are Apex, Atlas, Jiangsu Dongcheng M&E Tools Co.,Ltd.,, Vessel, Action, NAC, BOSCH, Wiha, Zhejiang Aote Tools Co., Ltd, Stanley Black & Decker, Wera, Makita Corporation, MASTERPROOF.
The bits and sleeves market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bits and Sleeves 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 Bits and Sleeves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bits and Sleeves 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 Bits and Sleeves 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 Bits and Sleeves Market Size & Forecast, 2018-2028
4.5.1 Bits and Sleeves Market Size and Y-o-Y Growth
4.5.2 Bits and Sleeves Market Absolute $ Opportunity
Chapter 5 Global Bits and Sleeves 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 Bits and Sleeves Market Size Forecast by Type
5.2.1 Power Bits
5.2.2 Plug-in Bits
5.2.3 Power Sleeves
5.2.4 Safety Sleeves
5.2.5 Universal Wrench Sleeves
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bits and Sleeves 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 Bits and Sleeves Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Aerospace
6.2.3 Railway Locomotive
6.2.4 Rolling Stock Manufacturing
6.2.5 Equipment Manufacturing
6.2.6 Home Appliance Assembly
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bits and Sleeves 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 Bits and Sleeves 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 Bits and Sleeves Analysis and Forecast
9.1 Introduction
9.2 North America Bits and Sleeves 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 Bits and Sleeves Market Size Forecast by Type
9.6.1 Power Bits
9.6.2 Plug-in Bits
9.6.3 Power Sleeves
9.6.4 Safety Sleeves
9.6.5 Universal Wrench Sleeves
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 Bits and Sleeves Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Aerospace
9.10.3 Railway Locomotive
9.10.4 Rolling Stock Manufacturing
9.10.5 Equipment Manufacturing
9.10.6 Home Appliance Assembly
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 Bits and Sleeves Analysis and Forecast
10.1 Introduction
10.2 Europe Bits and Sleeves 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 Bits and Sleeves Market Size Forecast by Type
10.6.1 Power Bits
10.6.2 Plug-in Bits
10.6.3 Power Sleeves
10.6.4 Safety Sleeves
10.6.5 Universal Wrench Sleeves
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 Bits and Sleeves Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Aerospace
10.10.3 Railway Locomotive
10.10.4 Rolling Stock Manufacturing
10.10.5 Equipment Manufacturing
10.10.6 Home Appliance Assembly
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 Bits and Sleeves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bits and Sleeves 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 Bits and Sleeves Market Size Forecast by Type
11.6.1 Power Bits
11.6.2 Plug-in Bits
11.6.3 Power Sleeves
11.6.4 Safety Sleeves
11.6.5 Universal Wrench Sleeves
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 Bits and Sleeves Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Aerospace
11.10.3 Railway Locomotive
11.10.4 Rolling Stock Manufacturing
11.10.5 Equipment Manufacturing
11.10.6 Home Appliance Assembly
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 Bits and Sleeves Analysis and Forecast
12.1 Introduction
12.2 Latin America Bits and Sleeves 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 Bits and Sleeves Market Size Forecast by Type
12.6.1 Power Bits
12.6.2 Plug-in Bits
12.6.3 Power Sleeves
12.6.4 Safety Sleeves
12.6.5 Universal Wrench Sleeves
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 Bits and Sleeves Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Aerospace
12.10.3 Railway Locomotive
12.10.4 Rolling Stock Manufacturing
12.10.5 Equipment Manufacturing
12.10.6 Home Appliance Assembly
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) Bits and Sleeves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bits and Sleeves 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) Bits and Sleeves Market Size Forecast by Type
13.6.1 Power Bits
13.6.2 Plug-in Bits
13.6.3 Power Sleeves
13.6.4 Safety Sleeves
13.6.5 Universal Wrench Sleeves
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) Bits and Sleeves Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Aerospace
13.10.3 Railway Locomotive
13.10.4 Rolling Stock Manufacturing
13.10.5 Equipment Manufacturing
13.10.6 Home Appliance Assembly
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 Bits and Sleeves Market: Competitive Dashboard
14.2 Global Bits and Sleeves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apex
14.3.2 Atlas
14.3.3 Jiangsu Dongcheng M&E Tools Co.,Ltd.,
14.3.4 Vessel
14.3.5 Action
14.3.6 NAC
14.3.7 BOSCH
14.3.8 Wiha
14.3.9 Zhejiang Aote Tools Co., Ltd
14.3.10 Stanley Black & Decker
14.3.11 Wera
14.3.12 Makita Corporation
14.3.13 MASTERPROOF
