Global and United States Bits and Sockets Market Report & Forecast 2022-2028

Bit, usually refers to the bit of a screwdriver that is installed on a hand drill or electric hammer to screw a screw. A socket wrench is generally called a socket: it is composed of a plurality of sockets with hexagonal holes or twelve-angle holes and is equipped with handles, extension rods and other accessories. It is especially suitable for small screw positions or deep recesses. Bolts or nuts at the location.
Market Analysis and Insights: Global and United States Bits and Sockets Market
This report focuses on global and United States Bits and Sockets market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Bits and Sockets market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Bits accounting for % of the Bits and Sockets global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Automotive Industry was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Bits and Sockets market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global Bits and Sockets Scope and Market Size
Bits and Sockets market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Bits and Sockets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Bits and Sockets market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Bits
Sockets
Segment by Application
Automotive Industry
Aerospace Industry
Equipment Manufacturing
Home Appliance Assembly Industry
Other
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Apex
Atlas
Jiangsu Dongcheng Electric Tools
Vessel
Action
NAC
Bosch
Wiha
AOBEN
Stanley Black＆Decker
Wera
Makita
MASTERPROOF
PROTRADE
TOPTUL
Matco Tools
STAHLWILL