Market Overview:
The global ratchet handles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The ratchet handles market is segmented on the basis of type, application, and region. On the basis of type, the ratchet handles market is segmented into mini head ratchet handles, rotatable head ratchet handles, extendable ratchet Handles and others. The mini head Ratchets Handles are expected to grow at a higher CAGR as compared to other types during the forecast period from 2018-2030 owing to their compact size and easy maneuverability which makes them ideal for use in tight spaces. On the basis of application,the Ratchets Handles Market is segmented into machinery industry, automobile industry and others. Among these applications, machinery industry held dominant position in 2017and it is projected that this trend would continue over next few years as well due To increasing demand for industrial equipment globally .Regionally , North America accounted for largest share in terms revenue generated by global Ratchets Handles Market followed by Europe In 2017 .
Product Definition:
Ratchet Handles are levers that are used to tighten or loosen bolts and screws. They have a ratcheting mechanism that allows them to move in one direction only, which makes them easier to use than traditional screwdrivers. Ratchet Handles are often found on tools such as wrenches and pliers, and they can be very helpful when trying to get into tight spaces.
Mini Head Ratchet Handles:
Mini head ratchet handles are specially designed to replace the standard handgrip of a power drill. They are available in various sizes and shapes, but their common feature is that they have a small head attached to a long shaft. The small size of these handles makes them suitable for tight spaces where the larger versions would be cumbersome.
Rotatable Head Ratchet Handles:
Rotatable head ratchet handles are used in various applications of the market. It is a mechanical device that consists of a handle and a head which can be turned to face the desired direction. The main function of these devices is to help turn heavy objects without any effort. These kinds of tools are widely used in construction, automotive, manufacturing industries for various purposes such as fastening, loosening or tightening different nuts and bolts or different components during assembly operations.
Application Insights:
The machinery industry accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. This application segment includes construction, mining, marine and others. The demand for these products is generally higher in developed regions such as North America than that of developing regions like Asia Pacific or Latin America.
The automobile industry was another major application segment accounting for a significant revenue share in 2016 owing to increasing production levels across various countries worldwide including China, India, Brazil and South Africa. These products are used on a daily basis by mechanics to perform their duties efficiently which has led them being one of the most popular applications worldwide over recent 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 been witnessing strong economic growth on account of rapid industrialization and flourishing automotive industry. China, India, Japan, South Korea are some of the major countries that form part of APAC.
The Asia Pacific ratchet handle market is likely to be driven by rising demand from machinery application industries in countries such as China and India owing to increasing manufacturing activities across various industries including food & beverage, automotive, construction equipment among others. In addition, favorable government regulations for infrastructure development are anticipated to propel product demand over the forecast period.
Growth Factors:
- Increasing demand from automotive and aerospace industries for ratchet handles with high torque capacity.
- Growing popularity of ratchet handles among DIY enthusiasts and home improvement enthusiasts due to their ease of use and versatility.
- Rising demand for ergonomic ratchet handles that offer superior comfort and grip during operation.
- Proliferation of online retail platforms that offer a wide range of ratchet handles at competitive prices, enabling consumers to purchase the right product as per their requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ratchet Handles Market Research Report
By Type
Mini Head Ratchet Handles, Rotatable Head Ratchet Handles, Extendable Ratchet Handles, Others
By Application
Machinery Industry, Automobile Industry, Others
By Companies
Rotar Group(Toptul), Teng Tools, Infar Industrial Co., Ltd., Craftsman, Ampco Safety Tools, Jensen Tools(TestEquity LLC), TOYA SA, Strainrite Fencing Systems, Hangzhou Huafeng Big Arrow Tools Co., Ltd, SUPER TOP Industrial Co., Ltd., Rexnord Corporation, William Tools, Ru-Shine Tools Co., Ltd., Compass Corp., New Concept 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Ratchet Handles Market Report Segments:
The global Ratchet Handles market is segmented on the basis of:
Types
Mini Head Ratchet Handles, Rotatable Head Ratchet Handles, Extendable Ratchet Handles, 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
Machinery Industry, Automobile 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:
- Rotar Group(Toptul)
- Teng Tools
- Infar Industrial Co., Ltd.
- Craftsman
- Ampco Safety Tools
- Jensen Tools(TestEquity LLC)
- TOYA SA
- Strainrite Fencing Systems
- Hangzhou Huafeng Big Arrow Tools Co., Ltd
- SUPER TOP Industrial Co., Ltd.
- Rexnord Corporation
- William Tools
- Ru-Shine Tools Co., Ltd.
- Compass Corp.
- New Concept Tools
Highlights of The Ratchet Handles 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:
- Mini Head Ratchet Handles
- Rotatable Head Ratchet Handles
- Extendable Ratchet Handles
- Others
- By Application:
- Machinery Industry
- Automobile 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 Handles 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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- Consumer Insights
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- Product & Brand Management
- Channel & Customer 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?
Some of the key players operating in the ratchet handles market are Rotar Group(Toptul), Teng Tools, Infar Industrial Co., Ltd., Craftsman, Ampco Safety Tools, Jensen Tools(TestEquity LLC), TOYA SA, Strainrite Fencing Systems, Hangzhou Huafeng Big Arrow Tools Co., Ltd, SUPER TOP Industrial Co., Ltd., Rexnord Corporation, William Tools, Ru-Shine Tools Co., Ltd., Compass Corp., New Concept Tools.
The ratchet handles market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ratchet Handles 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. Ratchet Handles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ratchet Handles Market - Supply Chain
4.5. Global Ratchet Handles Market Forecast
4.5.1. Ratchet Handles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ratchet Handles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ratchet Handles Market Absolute $ Opportunity
5. Global Ratchet Handles 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. Ratchet Handles Market Size and Volume Forecast by Type
5.3.1. Mini Head Ratchet Handles
5.3.2. Rotatable Head Ratchet Handles
5.3.3. Extendable Ratchet Handles
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ratchet Handles 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. Ratchet Handles Market Size and Volume Forecast by Application
6.3.1. Machinery Industry
6.3.2. Automobile Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ratchet Handles 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. Ratchet Handles 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 Ratchet Handles 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. Ratchet Handles 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 Ratchet Handles Demand Share Forecast, 2019-2026
9. North America Ratchet Handles 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 Ratchet Handles 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 Ratchet Handles Market Size and Volume Forecast by Application
9.4.1. Machinery Industry
9.4.2. Automobile Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ratchet Handles Market Size and Volume Forecast by Type
9.7.1. Mini Head Ratchet Handles
9.7.2. Rotatable Head Ratchet Handles
9.7.3. Extendable Ratchet Handles
9.7.4. Others
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 Ratchet Handles Demand Share Forecast, 2019-2026
10. Latin America Ratchet Handles 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 Ratchet Handles 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 Ratchet Handles Market Size and Volume Forecast by Application
10.4.1. Machinery Industry
10.4.2. Automobile Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ratchet Handles Market Size and Volume Forecast by Type
10.7.1. Mini Head Ratchet Handles
10.7.2. Rotatable Head Ratchet Handles
10.7.3. Extendable Ratchet Handles
10.7.4. Others
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 Ratchet Handles Demand Share Forecast, 2019-2026
11. Europe Ratchet Handles 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 Ratchet Handles 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 Ratchet Handles Market Size and Volume Forecast by Application
11.4.1. Machinery Industry
11.4.2. Automobile Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ratchet Handles Market Size and Volume Forecast by Type
11.7.1. Mini Head Ratchet Handles
11.7.2. Rotatable Head Ratchet Handles
11.7.3. Extendable Ratchet Handles
11.7.4. Others
11.8. Basis Point Share (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 Ratchet Handles Demand Share, 2019-2026
12. Asia Pacific Ratchet Handles 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 Ratchet Handles 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 Ratchet Handles Market Size and Volume Forecast by Application
12.4.1. Machinery Industry
12.4.2. Automobile Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ratchet Handles Market Size and Volume Forecast by Type
12.7.1. Mini Head Ratchet Handles
12.7.2. Rotatable Head Ratchet Handles
12.7.3. Extendable Ratchet Handles
12.7.4. Others
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 Ratchet Handles Demand Share, 2019-2026
13. Middle East & Africa Ratchet Handles 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 Ratchet Handles 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 Ratchet Handles Market Size and Volume Forecast by Application
13.4.1. Machinery Industry
13.4.2. Automobile Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ratchet Handles Market Size and Volume Forecast by Type
13.7.1. Mini Head Ratchet Handles
13.7.2. Rotatable Head Ratchet Handles
13.7.3. Extendable Ratchet Handles
13.7.4. Others
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 Ratchet Handles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ratchet Handles Market: Market Share Analysis
14.2. Ratchet Handles Distributors and Customers
14.3. Ratchet Handles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Rotar Group(Toptul)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teng Tools
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Infar Industrial Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Craftsman
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ampco Safety Tools
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jensen Tools(TestEquity LLC)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TOYA SA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Strainrite Fencing Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hangzhou Huafeng Big Arrow Tools Co., Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SUPER TOP Industrial Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rexnord Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. William Tools
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ru-Shine Tools Co., Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Compass Corp.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. New Concept Tools
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
