Market Overview:
The global tool bags market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tool bags from construction industry, manufacturing & industry, electric power industry, service industry and other applications. Additionally, the growing popularity of zippered tool bags is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
A tool bag is a type of bag that is typically used to carry tools. It can be made from a variety of materials, including cloth, vinyl, or leather. Tool bags are often used by construction workers, electricians, and other professionals who need to transport tools.
Open tote:
Open tote is a type of backpacks or handbags with no internal structure save for one or more zippered compartments. Open totes are most often used by consumers who require a portable storage space for personal items such as laptop, files, and shopping goods. The growth factor that propels the market demand is varied; it can be attributed to growing preference among millennials for convenient carrying options at workplaces along with leisure trips and excursions.
Zippered:
Zippered pouches are used in tool bags, briefcases, and laptop cases. They offer convenience of carrying as they can be zipped closed and opened easily without any hassle. Zippered pouches are gaining popularity among consumers due to their lightweight feature which is an important factor for carrying tools or hardware related work.
Application Insights:
The manufacturing and industry application segment accounted for the largest revenue share of over 30% in 2017. The growth is attributed to the rising demand from various industries, such as automotive, aerospace and defense, electronics and semiconductor among others. In addition, tool bags are used in various applications including construction industry, electrical & electronics assembly line where flexibility is required along with durability.
The electric power industry application segment is expected to witness significant growth over the forecast period owing to increasing demand from energy sector employees requiring durable tool bags for their workstations at a low cost. Furthermore, growing number of power projects across developing countries will boost product demand further.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing foreign investments in developing countries such as China and India. For instance, in 2015, Chinese construction company SANY Group entered into a Public-Private Partnership (PPP) agreement with Andhra Pradesh government for constructing Hyderabad Metro Rail project worth USD X billion.
The tool bags are widely used across various industries including manufacturing industry, construction industry and electric power industry among others due to their multifunctional nature which helps them serve multiple purposes thereby reducing overall expenditure on purchasing different types of bags or suitcases while traveling from one place to another during business meetings or vacations etc.
Growth Factors:
- Increasing demand for tool bags from the construction and automotive industries
- Rising popularity of DIY projects among homeowners
- Growing demand for portable storage solutions
- Proliferation of online marketplaces that offer a wide variety of tool bags at competitive prices
- Increased focus on ergonomics and safety by tool bag manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Tool Bags Market Research Report
By Type
Open tote, Zippered
By Application
Construction Industry, Manufacturing & Industry, Electric Power Industry, Service Industry, Other
By Companies
Klein Tools, Stanley, Rooster Products International, Ergodyne (Tenacious Holdings,), Custm Leathercraft, Southwire, LENOX, Bucket Boss (Pull'R Holdings LLC), Dickies, Eastwood, Greatstar
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Tool Bags Market Report Segments:
The global Tool Bags market is segmented on the basis of:
Types
Open tote, Zippered
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
Construction Industry, Manufacturing & Industry, Electric Power Industry, Service Industry, Other
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 (Tenacious Holdings,)
- Custm Leathercraft
- Southwire
- LENOX
- Bucket Boss (Pull'R Holdings LLC)
- Dickies
- Eastwood
- Greatstar
Highlights of The Tool Bags 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:
- Open tote
- Zippered
- By Application:
- Construction Industry
- Manufacturing & Industry
- Electric Power Industry
- Service Industry
- Other
- 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 Tool Bags 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?
Tool bags are a type of bag that is specifically designed to store tools. They can be made from a variety of materials, including cloth, canvas, or leather.
Some of the major players in the tool bags market are Klein Tools, Stanley, Rooster Products International, Ergodyne (Tenacious Holdings,), Custm Leathercraft, Southwire, LENOX, Bucket Boss (Pull'R Holdings LLC), Dickies, Eastwood, Greatstar.
The tool bags 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 Tool Bags 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 Tool Bags Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tool Bags 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 Tool Bags 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 Tool Bags Market Size & Forecast, 2020-2028 4.5.1 Tool Bags Market Size and Y-o-Y Growth 4.5.2 Tool Bags 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 Open tote
5.2.2 Zippered
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 Construction Industry
6.2.2 Manufacturing & Industry
6.2.3 Electric Power Industry
6.2.4 Service Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tool Bags 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 Tool Bags 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 Open tote
9.6.2 Zippered
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 Construction Industry
9.10.2 Manufacturing & Industry
9.10.3 Electric Power Industry
9.10.4 Service Industry
9.10.5 Other
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 Open tote
10.6.2 Zippered
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 Construction Industry
10.10.2 Manufacturing & Industry
10.10.3 Electric Power Industry
10.10.4 Service Industry
10.10.5 Other
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 Open tote
11.6.2 Zippered
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 Construction Industry
11.10.2 Manufacturing & Industry
11.10.3 Electric Power Industry
11.10.4 Service Industry
11.10.5 Other
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 Open tote
12.6.2 Zippered
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 Construction Industry
12.10.2 Manufacturing & Industry
12.10.3 Electric Power Industry
12.10.4 Service Industry
12.10.5 Other
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 Open tote
13.6.2 Zippered
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 Construction Industry
13.10.2 Manufacturing & Industry
13.10.3 Electric Power Industry
13.10.4 Service Industry
13.10.5 Other
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 Tool Bags Market: Competitive Dashboard
14.2 Global Tool Bags 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 (Tenacious Holdings,)
14.3.5 Custm Leathercraft
14.3.6 Southwire
14.3.7 LENOX
14.3.8 Bucket Boss (Pull'R Holdings LLC)
14.3.9 Dickies
14.3.10 Eastwood
14.3.11 Greatstar