Impact Socket Market is expected to grow at a 4.15% CAGR, achieving USD 1.509 billion in 2031 from USD 1.182 billion in 2025.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Companies |
|
An impact socket is a mechanical tool that works in tandem with powered impact or air wrenches or drivers to produce the necessary torque to tighten a bolt. With effective wrenches, garage mechanics can loosen seized automobile bolts and nuts. Impact sockets are widely used in various industries, including construction, industry, and transportation.
The rising construction activities and repairs across the globe, on account of the expanding building, real estate, and hospitality industries, are among the primary factors driving the impact socket market. For instance, according to the Office for National Statistics UK, the level of building output in August 2022 was 3.2% (or £461 million) higher than the pre-coronavirus (COVID-19) level in February 2020, while repair and maintenance work was 10.6% (or £530 million) higher than the level in February 2020, (Source: ons.gov.uk).
Impact socket use has been concentrated in the automotive industry.
The automotive industry is anticipated to expand quickly during the forecasted period. Since impact sockets have many benefits, there is an increase in demand for them in the automotive industry, which is the cause of this. Impact sockets benefit from being able to handle higher torque but at the cost of being a little bit thicker to withstand years of severe use. Impact sockets with extra-long reaches make accessing awkward spaces within a car simple, simplifying and streamlining maintenance. Increasing sales of electric vehicles are anticipated to boost product demand throughout the projected period. According to the most recent edition of the yearly Global Electric Vehicle Outlook, sales of electric cars (including completely electric and plug-in hybrids) increased in 2021 to a new record of 6.6 million (Source: iea.org).
An online platform offers a platform for market expansion.
Additionally, the product's widespread use in the manufacturing industry for loosening or tightening nuts and bolts, as well as its simple accessibility through coordinated online and offline retail channels, are supporting the market's expansion. Compared to the other section, the internet segment offers variety and quality. For instance, in October 2019, SATATM Tools, a new performance brand for American car mechanics, was introduced by Apex Tool Group, a top industrial hand and power tool manufacturer with products only available on Amazon. Auto mechanics now have a tool truck, offering the simplicity and quickness of mobile Amazon purchasing. Over 150 SKUs, all with lifetime warranties, are included in SATA's inaugural launch, including mechanic tool sets, torque wrenches, wrenches, pliers, ratchets, impact sockets, hex keys, tool storage, and more.
Hex sockets are expected to have the biggest segmental share.
Hex keys are compact, portable tools that are used to drive hexagonal socket nuts and screws. They are often referred to as Allen keys or Allen wrenches. They are simpler to make and more affordable. The market share for Hex Sockets is anticipated to be the highest. For instance, A set of sockets from NBK has been made available to extract damaged corner hex nuts and bolts that cannot be removed with regular tools. The ROHS2-compliant Stripped Hex-head Screws/Bolts Removal Socket Sets are simple to use. Hex-head bolts and nuts with broken corners can be removed quickly and easily thanks to the spiral edges that securely bite into the socket. If the edge fits and correctly bites into the socket, screws with round heads can also be utilized.
Impact Socket Market Segmentation:
By Product Type
Hex Socket
Deep Socket
Stack Socket
By Application
Automotive
Construction
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others