Description

This research study identifies trends within the automotive tools market for power tools, hand tools, handheld diagnostic tools, pneumatic/air tools, and tool storage devices. Overall, while fewer handheld diagnostic tools are currently owned, they are on a projected higher growth rate than other tools/devices. Conversely, the number of hand tools already owned is significant, but they have the lowest anticipated growth rate. Overall, technicians most prevalently use mobile tool distributors for their auto tool purchases—led by hand tools. Regarding power tool purchases, mobile tool distributors are being threatened by another channel: mass merchant retailers.