Press release
North America Professional Grade Tool Chests Market 2022 Industry Manufacturing Size, Share, Business Insights, Key Challenges and Forecast Analysis by 2030 | Halfords Tools, Husky Tools, Kennedy, Milwaukee Tools, Moduline, Pioneer Steel USA
The global North America professional grade tool chests Market is estimated to witness a rise in revenue from US$ 1,986.0 Mn in 2021 to US$ 3,021.6 Mn by 2027. The market is registering growth at a CAGR of 5% over the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 3.9% during the projection period.
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Factors Affecting the Market
Technology is maintaining a vital place across all industrial verticals, including healthcare, automotive, construction, etc. Companies leverage cloud and service-based services to propel innovation and bring significant revolution. Thus, it will drive the growth of the global north america professional grade tool chests market during the forecast period.
Growing investments in this market are expected to boost the growth of the overall market. For instance, the US Federal Government set aside $58.4 billion budget for IT at civilian Federal agencies in 2022, which is an increase of 2.4 percent from 2021.
COVID-19 Impact Analysis
The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the north america professional grade tool chests market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.
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Segmentation Overview
North America Professional Grade Tool Chests Market is segmented based on tools chest type, distribution channel, end user and country. The industry trends in the professional grade tool chests market are sub-divided into different categories in order to get a holistic view of the North America marketplace.
Following are the different segments of the North America Professional Grade Tool Chests Market:
By Tools Chest Type segment of the North America Professional Grade Tool Chests Market is sub-segmented into:
Rolling Tool Cabinets
Side Cabinets & Lockers
Tool Cabinets & Chest Combinations
Top Chests, Intermediate Chests & Hutches
By Distribution Channel segment of the North America Professional Grade Tool Chests Market is sub-segmented into:
Direct Sales
Distributors
Online
Brand Websites
E-commerce Platforms
Offline
Specialty Stores
Supermarket/Hypermarket
By End User of the North America Professional Grade Tool Chests Market is sub-segmented into:
Residential
Non-residential
Automotive
Aeronautical
Oil & Gas and Mining
Transportation
Utility Services (Electricity, Plumbing)
Others
By Country segment of the North America Professional Grade Tool Chests Market is sub-segmented into:
North America
The U.S.
Canada
Mexico
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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