Market Overview:
The global metal allen wrenches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for metal allen wrenches in automotive and home applications. In terms of type, the chrome segment is expected to lead the global metal allen wrenches market during the forecast period, followed by steel and stainless steel segments. In terms of application, automotive segment is expected to lead the global metal allen wrenches market during the forecast period, followed by home use and office applications segments.
Product Definition:
A Metal Allen Wrench is a tool used to tighten or loosen bolts and screws that have an Allen head. The Metal Allen Wrench is inserted into the screw head and turned.
Chrome:
Chrome is a precious metal with high corrosion resistance and excellent hardenability. It has been used since ancient times as a plating agent for steel parts in machinery. The modern-day use of chrome dates back to the early 20th century, when it was discovered that the element could be used as an alloy with nickel and iron in various alloys, which were later on known as stainless steel.
Steel:
Steel is a alloy of iron and carbon. It has various properties such as high strength, corrosion resistance, hardness, weldability and ductility. The mechanical properties of steel are superior to those of other metals; it can be used to form stronger bonds than cast irons or hand tools can make. Steel also has the ability to withstand higher temperatures without being melted or cooked.
Application Insights:
The automotive application segment led the global market and accounted for more than a 29% share of the total revenue in 2017. The growing importance of metal allen wrenches in various automobile applications, such as engine assembly, body repair, and electronics installation is expected to drive the product demand over the forecast period.
The home use application segment is expected to witness significant growth over the forecast period owing to increasing consumer preference for convenience products including electric tools. Metal allen wrenches are widely used at home for DIY projects or household repairs as they provide easy access into tight spaces with greater leverage ability. This will fuel product demand 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 has a large number of end-users, which have been using metal allen wrenches for various applications at home as well as in their automotive activities. This can be attributed to increasing per capita income levels coupled with growing consumer awareness regarding vehicle maintenance.
The European market is anticipated to witness significant growth over the forecast period owing to rising demand from countries such as Germany, Italy, France and U.K.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for metal allen wrenches as compared to traditional plastic or wooden tools.
- Growing popularity of DIY projects and home improvement initiatives, which has led to an increase in the use of metal allen wrenches by consumers.
- Rising investments by manufacturers in research and development activities to develop new and innovative metal allen wrench designs that can cater to specific needs of different industries.
- Proliferation of online retail platforms that offer a wide range of metal allen wrenches at competitive prices, thereby boosting sales volumes globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Allen Wrenches Market Research Report
By Type
Chrome, Steel, Stainless Steel, Bronze, Copper, Titanium
By Application
Home Use, Automotive, Office, Other
By Companies
Wera Tools, Bondhus, Armstrong Tools, GEDORE Tool Center, Unior, Adolf Wurth, PROTO, HEBEI BOTOU SAFETY TOOLS, BOST, Lenzkes Spanntechnik, AMF ANDREAS MAIER, Beta Utensili
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Metal Allen Wrenches Market Report Segments:
The global Metal Allen Wrenches market is segmented on the basis of:
Types
Chrome, Steel, Stainless Steel, Bronze, Copper, Titanium
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
Home Use, Automotive, Office, 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:
- Wera Tools
- Bondhus
- Armstrong Tools
- GEDORE Tool Center
- Unior
- Adolf Wurth
- PROTO
- HEBEI BOTOU SAFETY TOOLS
- BOST
- Lenzkes Spanntechnik
- AMF ANDREAS MAIER
- Beta Utensili
Highlights of The Metal Allen Wrenches 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:
- Chrome
- Steel
- Stainless Steel
- Bronze
- Copper
- Titanium
- By Application:
- Home Use
- Automotive
- Office
- 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 Metal Allen Wrenches 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?
Metal Allen Wrenches are a type of wrench that is made from metal. They are used to tighten or loosen screws, bolts, and other objects.
Some of the key players operating in the metal allen wrenches market are Wera Tools, Bondhus, Armstrong Tools, GEDORE Tool Center, Unior, Adolf Wurth, PROTO, HEBEI BOTOU SAFETY TOOLS, BOST, Lenzkes Spanntechnik, AMF ANDREAS MAIER, Beta Utensili.
The metal allen wrenches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal Allen Wrenches Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Metal Allen Wrenches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metal Allen Wrenches Market - Supply Chain
4.5. Global Metal Allen Wrenches Market Forecast
4.5.1. Metal Allen Wrenches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metal Allen Wrenches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metal Allen Wrenches Market Absolute $ Opportunity
5. Global Metal Allen Wrenches Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Metal Allen Wrenches Market Size and Volume Forecast by Type
5.3.1. Chrome
5.3.2. Steel
5.3.3. Stainless Steel
5.3.4. Bronze
5.3.5. Copper
5.3.6. Titanium
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metal Allen Wrenches Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Metal Allen Wrenches Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Automotive
6.3.3. Office
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metal Allen Wrenches Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Metal Allen Wrenches Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Metal Allen Wrenches Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Metal Allen Wrenches Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Metal Allen Wrenches Demand Share Forecast, 2019-2026
9. North America Metal Allen Wrenches Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Metal Allen Wrenches Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Metal Allen Wrenches Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Automotive
9.4.3. Office
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metal Allen Wrenches Market Size and Volume Forecast by Type
9.7.1. Chrome
9.7.2. Steel
9.7.3. Stainless Steel
9.7.4. Bronze
9.7.5. Copper
9.7.6. Titanium
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Metal Allen Wrenches Demand Share Forecast, 2019-2026
10. Latin America Metal Allen Wrenches Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Metal Allen Wrenches Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Metal Allen Wrenches Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Automotive
10.4.3. Office
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metal Allen Wrenches Market Size and Volume Forecast by Type
10.7.1. Chrome
10.7.2. Steel
10.7.3. Stainless Steel
10.7.4. Bronze
10.7.5. Copper
10.7.6. Titanium
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Metal Allen Wrenches Demand Share Forecast, 2019-2026
11. Europe Metal Allen Wrenches Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Metal Allen Wrenches Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Metal Allen Wrenches Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Automotive
11.4.3. Office
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metal Allen Wrenches Market Size and Volume Forecast by Type
11.7.1. Chrome
11.7.2. Steel
11.7.3. Stainless Steel
11.7.4. Bronze
11.7.5. Copper
11.7.6. Titanium
11.8. Basis Point Shar (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Metal Allen Wrenches Demand Share, 2019-2026
12. Asia Pacific Metal Allen Wrenches Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Metal Allen Wrenches Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Metal Allen Wrenches Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Automotive
12.4.3. Office
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metal Allen Wrenches Market Size and Volume Forecast by Type
12.7.1. Chrome
12.7.2. Steel
12.7.3. Stainless Steel
12.7.4. Bronze
12.7.5. Copper
12.7.6. Titanium
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Metal Allen Wrenches Demand Share, 2019-2026
13. Middle East & Africa Metal Allen Wrenches Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Metal Allen Wrenches Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Metal Allen Wrenches Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Automotive
13.4.3. Office
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metal Allen Wrenches Market Size and Volume Forecast by Type
13.7.1. Chrome
13.7.2. Steel
13.7.3. Stainless Steel
13.7.4. Bronze
13.7.5. Copper
13.7.6. Titanium
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Metal Allen Wrenches Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metal Allen Wrenches Market: Market Share Analysis
14.2. Metal Allen Wrenches Distributors and Customers
14.3. Metal Allen Wrenches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wera Tools
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bondhus
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Armstrong Tools
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GEDORE Tool Center
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Unior
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Adolf Wurth
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PROTO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HEBEI BOTOU SAFETY TOOLS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BOST
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lenzkes Spanntechnik
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. AMF ANDREAS MAIER
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Beta Utensili
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
