Market Overview:
The global workshop tool cabinets 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 workshop tool cabinets from commercial and industrial applications. Additionally, the growing awareness about safety and security is also propelling the growth of this market. The global workshop tool cabinets market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into steel, plastic, and others (including wood). The steel segment is expected to dominate this market duringthe forecast period owingto its high strength-to-weight ratio as compared to other materials used for manufacturing workshop tool cabinets such as plasticand wood.
Product Definition:
A workshop tool cabinet is a piece of furniture that is used to store tools. It can be either a standalone piece or it can be attached to a workbench. The importance of workshop tool cabinets is that they provide a convenient way to store tools and keep them organized.
Steel:
Steel is a metal that is strong, hard, and corrosion-resistant. It can be cold- worked (softened) but not hot- worked ( hardened). Steel's strength relative to other metals makes it useful in the construction of buildings. The amount of steel used in a particular structure depends on factors such as load bearing capacity of the structure and environmental conditions like humidity or extreme temperature.
Plastic:
Plastic is a durable, lightweight, and versatile material that can be molded into various shapes. It is widely used in the manufacturing of tool cabinets for workshops. Plastic provides ease of design customization options to cater to the specific requirements of end-users which drives its demand in this market. The growing trend towards sustainable materials coupled with stringent regulations on wood usage has been favoring plastic growth over the past few years and this trend is expected to continue over the forecast period as well.
Application Insights:
The industrial application segment dominated the global workshop tool cabinets market, accounting for over 60.0% share of the total revenue in 2017. The rising demand for heavy-duty machinery and equipment in various industries including automotive, energy, construction and mining is expected to drive product demand over the forecast period.
The commercial application segment is expected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to an increase in spending on advanced technologies such as smart buildings and digital transformation across commercial spaces such as offices and public amenities. The growing trend of refurbishment projects across commercial spaces is also anticipated to propel product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, especially in China and India. Growing demand for office spaces, coupled with an increasing number of commercial buildings, is likely to drive the regional market over the forecast period.
The North American regional market accounted for a significant share of revenue in 2017 owing to high demand from end-users operating within various industries including manufacturing, healthcare & life sciences, transportation & logistics among others. The U.S.
Europe was another major contributor towards overall revenue generation within global arena due to growing awareness regarding workplace safety standards along with stringent regulations by OSHA.
Growth Factors:
- Increasing demand for workshop tool cabinets in the automotive and aerospace industries due to the increasing production of vehicles and aircrafts.
- Growing popularity of do-it-yourself (DIY) projects, which is driving the demand for workshop tool cabinets among consumers.
- Rising investments by manufacturers in research and development activities to develop new and innovative products that can cater to the needs of consumers.
- Increasing number of home improvement stores that are offering workshop tool cabinets, thereby making them more accessible to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Workshop Tool Cabinets Market Research Report
By Type
Steel, Plastic, Others
By Application
Commercial, Industrial
By Companies
Matco Tools, Apex Tools, Stanley, GreatStar, Milwaukee Tool, Jiangsu Tongrun, Bahco, TBK, Halfords, Hoffmann Group, SGS, Extreme Tools, Rousseau, Treston, Mac Tools
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Workshop Tool Cabinets Market Report Segments:
The global Workshop Tool Cabinets market is segmented on the basis of:
Types
Steel, Plastic, 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
Commercial, Industrial
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:
- Matco Tools
- Apex Tools
- Stanley
- GreatStar
- Milwaukee Tool
- Jiangsu Tongrun
- Bahco
- TBK
- Halfords
- Hoffmann Group
- SGS
- Extreme Tools
- Rousseau
- Treston
- Mac Tools
Highlights of The Workshop Tool Cabinets 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:
- Steel
- Plastic
- Others
- By Application:
- Commercial
- Industrial
- 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 Workshop Tool Cabinets 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?
A workshop tool cabinet is a specialized type of storage cabinet that is designed to store tools and equipment used in the workshop or garage. These cabinets typically have a variety of compartments and shelves to organize the tools, as well as drawers or racks for holding parts or pieces of equipment.
Some of the major players in the workshop tool cabinets market are Matco Tools, Apex Tools, Stanley, GreatStar, Milwaukee Tool, Jiangsu Tongrun, Bahco, TBK, Halfords, Hoffmann Group, SGS, Extreme Tools, Rousseau, Treston, Mac Tools.
The workshop tool cabinets 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 Workshop Tool Cabinets 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 Workshop Tool Cabinets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Workshop Tool Cabinets 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 Workshop Tool Cabinets 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 Workshop Tool Cabinets Market Size & Forecast, 2020-2028
4.5.1 Workshop Tool Cabinets Market Size and Y-o-Y Growth
4.5.2 Workshop Tool Cabinets 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 Steel
5.2.2 Plastic
5.2.3 Others
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 Commercial
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Workshop Tool Cabinets 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 Workshop Tool Cabinets 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 Steel
9.6.2 Plastic
9.6.3 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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
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 Steel
10.6.2 Plastic
10.6.3 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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
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 Steel
11.6.2 Plastic
11.6.3 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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
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 Steel
12.6.2 Plastic
12.6.3 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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
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 Steel
13.6.2 Plastic
13.6.3 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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
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 Workshop Tool Cabinets Market: Competitive Dashboard
14.2 Global Workshop Tool Cabinets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Matco Tools
14.3.2 Apex Tools
14.3.3 Stanley
14.3.4 GreatStar
14.3.5 Milwaukee Tool
14.3.6 Jiangsu Tongrun
14.3.7 Bahco
14.3.8 TBK
14.3.9 Halfords
14.3.10 Hoffmann Group
14.3.11 SGS
14.3.12 Extreme Tools
14.3.13 Rousseau
14.3.14 Treston
14.3.15 Mac Tools
