Market Overview:
The global thin wall sockets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for general vehicles, mining, and construction equipment across the globe. Thin wall sockets are used in these applications as they provide easy access to fasteners and bolts that are difficult to reach. Additionally, these sockets offer high torque transmission and reduced weight, which makes them ideal for use in heavy-duty applications. North America is expected to lead the global thin wall sockets market during the forecast period owing to the presence of key players in this region and rising demand for general vehicles and construction equipment.
Product Definition:
Thin Wall Sockets are sockets with a thin wall thickness as compared to a standard socket. Thin Wall Sockets allow for easier access in tight spaces and can be used with specialty tools, such as extensions, adapters, and torque wrenches.
17mm:
17mm is a standard threading for thin wall sockets. It has a smaller OD (Outer Diameter) than 19mm and 25mm, but it's larger than 14/16 mm. The smaller the OD, the tighter will be the fit in your equipment. 17 mm is popular among electronics manufacturers as it allows them to make thinner devices while maintaining good strength and durability in their products.
19mm:
19mm Thin Wall Socket is a special type of thin wall socket that has a smaller inner diameter as compared to its outer diameter. The 19mm Thin Wall Socket is used in electronic devices such as handheld games, modems, printers and other home appliances.
The 19 mm thin wall sockets are available in different types including plastic, metal and nylon depending upon the application or usage.
Application Insights:
The construction equipment segment held the largest share of over 30.0% in 2017. The rising demand for thin wall sockets is expected to be attributed to their increasing application in electrical and electronics equipment, general vehicle, mining machinery and other construction equipment applications. General vehicles are likely to witness significant growth on account of the growing preference for electronic devices across various end-use industries including automotive, consumer goods and appliances among others.
The global thin wall socket industry has witnessed a surge in demand from various end-user industries including consumer electronics & appliances among others which is expected to continue over the forecast period owing to their increased usage across different regions coupled with a growing preference towards modern technological gadgets especially amongst developed economies such as North America.
Regional Analysis:
Asia Pacific dominated the global thin wall sockets market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand for electronics and vehicles in countries such as China and India. In addition, rising construction activities due to growing population are anticipated to drive product demand across this region.
North America accounted for a significant share of global revenue in 2017 owing to high demand from applications such as general vehicle, mining equipment and others. The U.S.
Growth Factors:
- Increasing demand from automotive and electrical industries
- Rising demand for lightweight and compact products
- Growing popularity of thin wall sockets in Asia Pacific region
- Technological advancements in manufacturing processes
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin Wall Sockets Market Research Report
By Type
17mm, 19mm, 21mm, Others
By Application
General Vehicle, Mining, Construction Equipment, Others
By Companies
Snap-on, Proto Industrial, Gorilla, Apex
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Thin Wall Sockets Market Report Segments:
The global Thin Wall Sockets market is segmented on the basis of:
Types
17mm, 19mm, 21mm, 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
General Vehicle, Mining, Construction Equipment, 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:
- Snap-on
- Proto Industrial
- Gorilla
- Apex
Highlights of The Thin Wall Sockets 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:
- 17mm
- 19mm
- 21mm
- Others
- By Application:
- General Vehicle
- Mining
- Construction Equipment
- 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 Thin Wall Sockets 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?
Thin Wall Sockets are a type of electrical connector that are designed to be inserted into walls or other tight spaces. They are often used in places where there is limited space for traditional connectors, such as in between appliances. Thin Wall Sockets can also be used to connect wires together inside of a device, which can help reduce the amount of wiring needed and make it easier to install devices.
Some of the major companies in the thin wall sockets market are Snap-on, Proto Industrial, Gorilla, Apex.
The thin wall sockets 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 Thin Wall Sockets 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 Thin Wall Sockets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thin Wall Sockets 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 Thin Wall Sockets 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 Thin Wall Sockets Market Size & Forecast, 2018-2028
4.5.1 Thin Wall Sockets Market Size and Y-o-Y Growth
4.5.2 Thin Wall Sockets Market Absolute $ Opportunity
Chapter 5 Global Thin Wall Sockets 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 Thin Wall Sockets Market Size Forecast by Type
5.2.1 17mm
5.2.2 19mm
5.2.3 21mm
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thin Wall Sockets 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 Thin Wall Sockets Market Size Forecast by Applications
6.2.1 General Vehicle
6.2.2 Mining
6.2.3 Construction Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thin Wall Sockets 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 Thin Wall Sockets 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 Thin Wall Sockets Analysis and Forecast
9.1 Introduction
9.2 North America Thin Wall Sockets 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 Thin Wall Sockets Market Size Forecast by Type
9.6.1 17mm
9.6.2 19mm
9.6.3 21mm
9.6.4 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 Thin Wall Sockets Market Size Forecast by Applications
9.10.1 General Vehicle
9.10.2 Mining
9.10.3 Construction Equipment
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 Thin Wall Sockets Analysis and Forecast
10.1 Introduction
10.2 Europe Thin Wall Sockets 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 Thin Wall Sockets Market Size Forecast by Type
10.6.1 17mm
10.6.2 19mm
10.6.3 21mm
10.6.4 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 Thin Wall Sockets Market Size Forecast by Applications
10.10.1 General Vehicle
10.10.2 Mining
10.10.3 Construction Equipment
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 Thin Wall Sockets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thin Wall Sockets 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 Thin Wall Sockets Market Size Forecast by Type
11.6.1 17mm
11.6.2 19mm
11.6.3 21mm
11.6.4 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 Thin Wall Sockets Market Size Forecast by Applications
11.10.1 General Vehicle
11.10.2 Mining
11.10.3 Construction Equipment
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 Thin Wall Sockets Analysis and Forecast
12.1 Introduction
12.2 Latin America Thin Wall Sockets 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 Thin Wall Sockets Market Size Forecast by Type
12.6.1 17mm
12.6.2 19mm
12.6.3 21mm
12.6.4 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 Thin Wall Sockets Market Size Forecast by Applications
12.10.1 General Vehicle
12.10.2 Mining
12.10.3 Construction Equipment
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) Thin Wall Sockets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thin Wall Sockets 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) Thin Wall Sockets Market Size Forecast by Type
13.6.1 17mm
13.6.2 19mm
13.6.3 21mm
13.6.4 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) Thin Wall Sockets Market Size Forecast by Applications
13.10.1 General Vehicle
13.10.2 Mining
13.10.3 Construction Equipment
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 Thin Wall Sockets Market: Competitive Dashboard
14.2 Global Thin Wall Sockets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Snap-on
14.3.2 Proto Industrial
14.3.3 Gorilla
14.3.4 Apex
