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Impact Socket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global impact socket market size reached US$ 981.71 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,306.59 Million by 2027, exhibiting a growth rate (CAGR) of 4.70% during 2022-2027.

An impact socket is a mechanical device used in conjunction with powered impact or air wrenches or drivers, as the combination of these provides sufficient torque for a fastener to be tightened. As opposed to regular sockets, impact sockets are usually made of chrome molybdenum and are black in color due to a coating of black oxide. They store kinetic energy in a rotating hammer that is connected to the impact socket, thereby reducing the probability of shattering from vibrations caused. The impact socket moves clockwise or anticlockwise as the kinetic energy is released, thus resulting in the loosening or tightening of the nut bolt. It is used by mechanics in garages to remove seized nuts and bolts from cars with impact wrenches. Apart from this, they are also extensively used by professional racing teams for fast tightening or loosening the nut bolts while changing tires on vehicles.

Impact Socket Market Trends:

The market is primarily driven by the expanding construction activities across the globe. This can be attributed to considerable growth in the construction, real estate and hospitality industries. In addition to this, the rapid product utilization in the manufacturing sector for loosening or tightening nuts and bolts is creating lucrative growth opportunities for the market. Numerous impact socket manufacturers are being offered subsidies by the governments of their respective countries while receiving technology transfers from renowned companies, which is providing an impetus to the market. The market is also fueled by the easy product availability across online and offline organized retail channels. Furthermore, numerous merger and acquisition (M&A) activities by key players seeking to gain a competitive advantage through joint ventures are propelling the market. Some of the other factors that are creating a positive outlook for the market include rapid urbanization and industrialization, continual product innovations, inflating disposable income levels and extensive research and development (R&D) activities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global impact socket market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, size, distribution channel and application.

Breakup by Type:

  • Hex Sockets
  • In-Hex Sockets
     

Breakup by Size:

  • 1/2 Inch
  • 3/8 Inch
  • 1/4 Inch
     

Breakup by Distribution Channel:

  • Online
  • Offline
     

Breakup by Application:

  • Automotive
  • Industrial
  • Construction
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Apex Tool Group LLC, Deltec Industries Ltd, Grey Pneumatic Corp., IMPERIAL-Newton Corporation, Powermaster Engineers Pvt. Ltd., Stanley Black & Decker Inc., Teng Tools AB, Tien-I Industrial Co. Ltd. and Wright Tool Company Inc. (Federal Resources Supply Company).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Size, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Apex Tool Group LLC, Deltec Industries Ltd, Grey Pneumatic Corp., IMPERIAL-Newton Corporation, Powermaster Engineers Pvt. Ltd., Stanley Black & Decker Inc., Teng Tools AB, Tien-I Industrial Co. Ltd. and Wright Tool Company Inc. (Federal Resources Supply Company).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global impact socket market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global impact socket market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the size?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global impact socket market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Impact Socket Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Hex Sockets
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    In-Hex Sockets
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Size
    7.1    1/2 Inch
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    3/8 Inch
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    1/4 Inch
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Online
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Offline
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Automotive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Industrial
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Construction
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Apex Tool Group LLC
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Deltec Industries Ltd
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Grey Pneumatic Corp.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    IMPERIAL-Newton Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Powermaster Engineers Pvt. Ltd.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Stanley Black & Decker Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Teng Tools AB
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Tien-I Industrial Co. Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Wright Tool Company Inc. (Federal Resources Supply Company)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio

List of Figures

Figure 1: Global: Impact Socket Market: Major Drivers and Challenges
Figure 2: Global: Impact Socket Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Impact Socket Market: Breakup by Type (in %), 2021
Figure 5: Global: Impact Socket Market: Breakup by Size (in %), 2021
Figure 6: Global: Impact Socket Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Impact Socket Market: Breakup by Application (in %), 2021
Figure 8: Global: Impact Socket Market: Breakup by Region (in %), 2021
Figure 9: Global: Impact Socket (Hex Sockets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Impact Socket (Hex Sockets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Impact Socket (In-Hex Sockets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Impact Socket (In-Hex Sockets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Impact Socket (1/2 Inch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Impact Socket (1/2 Inch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Impact Socket (3/8 Inch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Impact Socket (3/8 Inch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Impact Socket (1/4 Inch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Impact Socket (1/4 Inch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Impact Socket (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Impact Socket (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Impact Socket (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Impact Socket (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Impact Socket (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Impact Socket (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Impact Socket (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Impact Socket (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Impact Socket (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Impact Socket (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Impact Socket (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Impact Socket (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Impact Socket Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Impact Socket Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Impact Socket Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Impact Socket Industry: SWOT Analysis
Figure 81: Global: Impact Socket Industry: Value Chain Analysis
Figure 82: Global: Impact Socket Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Impact Socket Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Impact Socket Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Impact Socket Market Forecast: Breakup by Size (in Million US$), 2022-2027
Table 4: Global: Impact Socket Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Impact Socket Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Impact Socket Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Impact Socket Market: Competitive Structure
Table 8: Global: Impact Socket Market: Key Players


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