The global Automotive Service Tool market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

They include things likescrewdrivers, hammers, pliers, wrenches, and socket sets. Other standard tools that can be used to repair vehicles include a jack, jack stands, funnel, multimeters, fuses, torque wrenches, breaker bars, socket adaptors, clamps, and more.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the worlds automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the worlds largest car exporter, exporting more than 3.5 million vehicles in 2022.

LPI (LP Information) newest research report, the Automotive Service Tool Industry Forecast looks at past sales and reviews total world Automotive Service Tool sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Service Tool sales for 2025 through 2031. With Automotive Service Tool sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Service Tool industry.

This Insight Report provides a comprehensive analysis of the global Automotive Service Tool landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Automotive Service Tool portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Automotive Service Tool market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Service Tool and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Service Tool.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Service Tool market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Car Wash Gun
    Timing Chain Remover
    High Pressure Machine Oil Pot
    Other

Segmentation by Application:

    Household
    Commercial
    Other

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    Stanley Black?Decker
    Bosch
    TTI
    Makita
    Emerson
    Hilti
    Krcher
    POHIR
    LAOA Tools
    Deli Group
    Yantai Greenery Tools
    Guangzhou Budweiser Lion Tools
    Lutian Machinery
    Zhejiang Yili Machinery And Electric
    OUR RICH