Los Angeles, CA -- (SBWIRE) -- 07/15/2019 -- Tool Bags are suitable for storing all kinds of tool, including hardware tool, garden instrument, maintenance tool, electrician tools, etc. It has powerful storage function and is easy to carry, which can help users faster, better, safer, more convenient to complete the task.

The market is very fragment. There are thousands of players, and their Sales were very small. Meanwhile, considering the cost factor, many enterprises adopt the form of OEM.

On the basis of region, China is the largest market segment of Tool Bags, with a volume market share nearly 29.67% in 2016, followed by Europe. However, China just accounted 12.73% revenue market share. The price in Europe and USA is several times that in China.

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Tool Bags are widely used in construction industry, manufacturing & industry, electric power industry and service industry. Report data showed that 47.64% of the Tool Bags market demand in construction industry in 2016.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.

The global Tool Bags market is valued at 550 million US$ in 2018 is expected to reach 780 million US$ by the end of 2025, growing at a CAGR of 4.4% during 2019-2025.

This report includes the following manufacturers; we can also add the other companies as you want.

Klein Tools
Stanley
Rooster Products International
Ergodyne (Tenacious Holdings
Inc.)
Custm Leathercraft
Southwire
LENOX
Bucket Boss (Pull'R Holdings LLC)
Dickies
Eastwood
Greatstar

Segment by Type

Open tote
Zippered

Segment by Application

Construction Industry
Manufacturing & Industry
Electric Power Industry
Service Industry
Other

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