Market Overview:
The global ratchet insert tool 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 ratchet insert tools in various applications, such as the automobile industry and medical industry. In addition, the growing demand for ratchet insert tools from emerging economies is also contributing to the growth of this market.
Product Definition:
Ratchet Insert Tool is a tool that helps in the insertion of screws or bolts into a hole. It has a ratchet mechanism which helps in tightening or loosening the screws/bolts without having to use manual force. This tool is important as it prevents damages to the screws/bolts and also eases their insertion.
1/2″ Ratchet Insert Tool:
1/2″ ratchet insert tool is a special type of pliers that are used to install 1/2" drive sockets in machinery. The growth factor for this market is the rapid industrialization and urbanization, which has led to an increase in construction activities. The demand for various construction equipment such as cranes, earthmovers, loaders and excavators have increased due to the growth of infrastructure development activities across the world.
3/4″ Ratchet Insert Tool:
3/4″ ratchet insert tool is used to install 3/4" drive inserts into 1-1.5" drive sockets. The 3/4" drive inserts are used in applications such as medical, aerospace, automotive and construction industries.
The global demand for automobiles is growing at a significant rate which has led to the growth of the automotive industry globally.
Application Insights:
Automotive application segment accounted for the largest market share in 2017 and is projected to expand at a steady CAGR over the forecast period. The growing automotive industry, particularly in developing regions such as Asia Pacific and Middle East & Africa is expected to drive product demand. In addition, stringent regulations on vehicle safety by regional governments are further anticipated to fuel the demand for ratchet insert tools over the coming years.
The medical industry segment was valued at USD 394 million in 2017 owing to increasing product adoption across hospitals and clinics worldwide. Rising geriatric population base, unhealthy dietary habits, rising cases of Cardiovascular Diseases (CVDs) are among major factors driving healthcare infrastructure globally which is likely to propel market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and South Korea. Increasing demand for industrial equipment from these countries coupled with growing automotive production in Asia Pacific is anticipated to drive the product demand over the forecast period.
The medical industry has witnessed a significant rise in investments by various governments across developed nations such as U.S., Germany, UK, Canada among others due to increasing geriatric population base that requires increased healthcare expenditure resulting into higher adoption of medical devices & instruments such as surgical tools & implants etc., which will further boost product growth during the projected time frame.
In North America also known as Americas or U S A are experiencing high economic growth along with steady improvement in public health indicators compared with other regions of world like Africa and Middle East however there remains a wide disparity between rich.
Growth Factors:
- Increasing demand for ratchet insert tool in automotive and aerospace industry
- Rising popularity of ratchet insert tool among DIY enthusiasts and professional users
- Growing demand for high-quality tools from the manufacturing sector
- Technological advancements in the design and production of ratchet insert tools
- Rising awareness about the benefits of using ratchet insert tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Ratchet Insert Tool Market Research Report
By Type
1/2″ Ratchet Insert Tool, 3/4″ Ratchet Insert Tool, 1/4″ Ratchet Insert Tool, 3/8″ Ratchet Insert Tool, Others
By Application
Automobile Industry, Medical Industry, Others
By Companies
BGS technic KG, CATU, Craftsman, STAHLWILLE EDUARD WILLE GmbH, Sturtevant Richmont, Manfuforce, TORQUE-TECH PRECISION CO, SNA Europe, Genius Tools International Ltd
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Ratchet Insert Tool Market Report Segments:
The global Ratchet Insert Tool market is segmented on the basis of:
Types
1/2″ Ratchet Insert Tool, 3/4″ Ratchet Insert Tool, 1/4″ Ratchet Insert Tool, 3/8″ Ratchet Insert Tool, Others
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 Industry, Medical Industry, 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:
- BGS technic KG
- CATU
- Craftsman
- STAHLWILLE EDUARD WILLE GmbH
- Sturtevant Richmont
- Manfuforce
- TORQUE-TECH PRECISION CO
- SNA Europe
- Genius Tools International Ltd
Highlights of The Ratchet Insert Tool 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:
- 1/2″ Ratchet Insert Tool
- 3/4″ Ratchet Insert Tool
- 1/4″ Ratchet Insert Tool
- 3/8″ Ratchet Insert Tool
- Others
- By Application:
- Automobile Industry
- Medical Industry
- 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 Ratchet Insert Tool 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
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- Product & Brand Management
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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?
Ratchet Insert Tool is a tool that helps you to tighten or loosen screws easily. It has a ratchet mechanism which makes it easy to turn the screw.
Some of the major players in the ratchet insert tool market are BGS technic KG, CATU, Craftsman, STAHLWILLE EDUARD WILLE GmbH, Sturtevant Richmont, Manfuforce, TORQUE-TECH PRECISION CO, SNA Europe, Genius Tools International Ltd.
The ratchet insert tool 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 Ratchet Insert Tool 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 Ratchet Insert Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ratchet Insert Tool 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 Ratchet Insert Tool 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 Ratchet Insert Tool Market Size & Forecast, 2018-2028
4.5.1 Ratchet Insert Tool Market Size and Y-o-Y Growth
4.5.2 Ratchet Insert Tool Market Absolute $ Opportunity
Chapter 5 Global Ratchet Insert Tool 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 Ratchet Insert Tool Market Size Forecast by Type
5.2.1 1/2″ Ratchet Insert Tool
5.2.2 3/4″ Ratchet Insert Tool
5.2.3 1/4″ Ratchet Insert Tool
5.2.4 3/8″ Ratchet Insert Tool
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ratchet Insert Tool 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 Ratchet Insert Tool Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Medical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ratchet Insert Tool 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 Ratchet Insert Tool 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 Ratchet Insert Tool Analysis and Forecast
9.1 Introduction
9.2 North America Ratchet Insert Tool 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 Ratchet Insert Tool Market Size Forecast by Type
9.6.1 1/2″ Ratchet Insert Tool
9.6.2 3/4″ Ratchet Insert Tool
9.6.3 1/4″ Ratchet Insert Tool
9.6.4 3/8″ Ratchet Insert Tool
9.6.5 Others
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 Ratchet Insert Tool Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Medical Industry
9.10.3 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 Ratchet Insert Tool Analysis and Forecast
10.1 Introduction
10.2 Europe Ratchet Insert Tool 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 Ratchet Insert Tool Market Size Forecast by Type
10.6.1 1/2″ Ratchet Insert Tool
10.6.2 3/4″ Ratchet Insert Tool
10.6.3 1/4″ Ratchet Insert Tool
10.6.4 3/8″ Ratchet Insert Tool
10.6.5 Others
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 Ratchet Insert Tool Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Medical Industry
10.10.3 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 Ratchet Insert Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ratchet Insert Tool 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 Ratchet Insert Tool Market Size Forecast by Type
11.6.1 1/2″ Ratchet Insert Tool
11.6.2 3/4″ Ratchet Insert Tool
11.6.3 1/4″ Ratchet Insert Tool
11.6.4 3/8″ Ratchet Insert Tool
11.6.5 Others
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 Ratchet Insert Tool Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Medical Industry
11.10.3 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 Ratchet Insert Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America Ratchet Insert Tool 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 Ratchet Insert Tool Market Size Forecast by Type
12.6.1 1/2″ Ratchet Insert Tool
12.6.2 3/4″ Ratchet Insert Tool
12.6.3 1/4″ Ratchet Insert Tool
12.6.4 3/8″ Ratchet Insert Tool
12.6.5 Others
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 Ratchet Insert Tool Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Medical Industry
12.10.3 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) Ratchet Insert Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ratchet Insert Tool 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) Ratchet Insert Tool Market Size Forecast by Type
13.6.1 1/2″ Ratchet Insert Tool
13.6.2 3/4″ Ratchet Insert Tool
13.6.3 1/4″ Ratchet Insert Tool
13.6.4 3/8″ Ratchet Insert Tool
13.6.5 Others
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) Ratchet Insert Tool Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Medical Industry
13.10.3 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 Ratchet Insert Tool Market: Competitive Dashboard
14.2 Global Ratchet Insert Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BGS technic KG
14.3.2 CATU
14.3.3 Craftsman
14.3.4 STAHLWILLE EDUARD WILLE GmbH
14.3.5 Sturtevant Richmont
14.3.6 Manfuforce
14.3.7 TORQUE-TECH PRECISION CO
14.3.8 SNA Europe
14.3.9 Genius Tools International Ltd
