Market Overview:
The global passenger vehicle tools 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 passenger vehicles across the globe and rising adoption of electric vehicles. The manual segment is expected to dominate the market during the forecast period, owing to its low cost and easy availability. However, electric vehicles are gaining traction due to their environment-friendly nature and are expected to witness high growth rates during the forecast period.
Product Definition:
A passenger vehicle tool is a device that helps the driver or passengers of a vehicle access or exit the car. Some common passenger vehicle tools are door handles, locks, and keys. These tools are important because they provide access to and from the car for the driver and passengers.
Manual:
The global manual, it's usage and growth factor in the passenger vehicle tools market size was valued at USD 2.05 billion in 2015. The growing demand for lightweight automotive tools coupled with increasing penetration of e-commerce retail sales is expected to drive the industry over the forecast period.
Electric:
Electric and it's usage in passenger vehicle tools market is driven by the growing demand for passenger vehicles across the globe. The industry has been witnessing a significant change over the past few years owing to factors such as increasing disposable income, changing lifestyle of consumers, rapid urbanization and industrialization along with rising government initiatives on e-mobility. This factor is expected to drive growth of electric and it's usage in passenger vehicle tools market over the forecast period.
Application Insights:
The OEMs application segment accounted for the largest revenue share of over 60% in 2017. The passenger vehicle tools are considered necessary accessories as they help maintain the optimum condition of engine and other mechanical components. Thus, major manufacturers including Ford Motor Company; General Motors; Toyota Motor Corporation; Volkswagen AG; and Honda Motor Co., Ltd.; among others have started providing these tools along with their vehicles to increase their market share.
The aftermarket segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising disposable income levels in developing countries such as India, China, Brazil and Mexico which has resulted in an increased demand for automotive maintenance services by consumers who prefer DIY approach over having car repaired by professionals at workshops or garages.
Regional Analysis:
Asia Pacific dominated the global passenger vehicle tools market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing automobile production and sales in countries, such as China, India, Japan and South Korea. In addition, rising disposable income levels are anticipated to fuel the demand for passenger vehicles in this region over the forecast period.
The growth of aftermarket sales is also projected to be a key factor driving regional market growth over the forecast period. For instance, according with OICA statistics published on 23rd April 2018; Asia Pacific held majority share both in terms of volume as well as revenue among all regions across automotive industry globally.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for passenger vehicles
- Growing automotive industry
- Rising income levels of consumers in developing countries
- Technological advancements in passenger vehicle tools market
- Growing popularity of do-it-yourself (DIY) culture
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Tools Market Research Report
By Type
Manual, Electric
By Application
OEMs, Aftermarket
By Companies
Klein Tools, Stanley, Rooster Products International, Ergodyne, Custom Leathercraft, Lenox Industrial Tools, Hitachi, Atlas Copco, Apex Tool Group, Toku, Makita, Paslode, Snap-on, Bosch, SENCO, P&F Industries, Ingersoll Rand, Dynabrade, URYU SEISAKU
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Tools Market Report Segments:
The global Passenger Vehicle Tools market is segmented on the basis of:
Types
Manual, Electric
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
OEMs, Aftermarket
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:
- Klein Tools
- Stanley
- Rooster Products International
- Ergodyne
- Custom Leathercraft
- Lenox Industrial Tools
- Hitachi
- Atlas Copco
- Apex Tool Group
- Toku
- Makita
- Paslode
- Snap-on
- Bosch
- SENCO
- P&F Industries
- Ingersoll Rand
- Dynabrade
- URYU SEISAKU
Highlights of The Passenger Vehicle Tools 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:
- Manual
- Electric
- By Application:
- OEMs
- Aftermarket
- 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 Passenger Vehicle Tools 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?
Passenger Vehicle Tools is a company that manufactures tools for the automotive industry. The company's products include tools for repairing and maintaining vehicles, such as wrenches, screwdrivers, sockets, and ratchets.
Some of the major players in the passenger vehicle tools market are Klein Tools, Stanley, Rooster Products International, Ergodyne, Custom Leathercraft, Lenox Industrial Tools, Hitachi, Atlas Copco, Apex Tool Group, Toku, Makita, Paslode, Snap-on, Bosch, SENCO, P&F Industries, Ingersoll Rand, Dynabrade, URYU SEISAKU.
The passenger vehicle tools 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 Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Tools 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 Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Tools Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Tools Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size Forecast by Type
5.2.1 Manual
5.2.2 Electric
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle Tools 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 Passenger Vehicle Tools 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 Passenger Vehicle Tools Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size Forecast by Type
9.6.1 Manual
9.6.2 Electric
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 Passenger Vehicle Tools Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarket
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 Passenger Vehicle Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size Forecast by Type
10.6.1 Manual
10.6.2 Electric
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 Passenger Vehicle Tools Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarket
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 Passenger Vehicle Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size Forecast by Type
11.6.1 Manual
11.6.2 Electric
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 Passenger Vehicle Tools Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarket
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 Passenger Vehicle Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Tools 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 Passenger Vehicle Tools Market Size Forecast by Type
12.6.1 Manual
12.6.2 Electric
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 Passenger Vehicle Tools Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarket
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) Passenger Vehicle Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Tools 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) Passenger Vehicle Tools Market Size Forecast by Type
13.6.1 Manual
13.6.2 Electric
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) Passenger Vehicle Tools Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarket
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 Passenger Vehicle Tools Market: Competitive Dashboard
14.2 Global Passenger Vehicle Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Klein Tools
14.3.2 Stanley
14.3.3 Rooster Products International
14.3.4 Ergodyne
14.3.5 Custom Leathercraft
14.3.6 Lenox Industrial Tools
14.3.7 Hitachi
14.3.8 Atlas Copco
14.3.9 Apex Tool Group
14.3.10 Toku
14.3.11 Makita
14.3.12 Paslode
14.3.13 Snap-on
14.3.14 Bosch
14.3.15 SENCO
14.3.16 P&F Industries
14.3.17 Ingersoll Rand
14.3.18 Dynabrade
14.3.19 URYU SEISAKU
