| Product Code: ETC5393698 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to rely on imports of manual socket wrenches, with top exporting countries including Portugal, China, USA, Spain, and South Africa. The market showed high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024. Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, there was a significant growth rate of 42.1% from 2023 to 2024. This indicates a potential shift in market dynamics and opportunities for stakeholders in the manual socket wrench industry to capitalize on the growing demand in Cape Verde.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Manual Socket Wrench Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Manual Socket Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Manual Socket Wrench Market - Industry Life Cycle |
3.4 Cape Verde Manual Socket Wrench Market - Porter's Five Forces |
3.5 Cape Verde Manual Socket Wrench Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Manual Socket Wrench Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Manual Socket Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in Cape Verde leading to increased demand for manual socket wrenches |
4.2.2 Rising DIY (do-it-yourself) trend among consumers in Cape Verde |
4.2.3 Emphasis on infrastructure development projects in the country |
4.3 Market Restraints |
4.3.1 Competition from power tools impacting the demand for manual socket wrenches |
4.3.2 Economic instability affecting consumer spending on non-essential tools |
5 Cape Verde Manual Socket Wrench Market Trends |
6 Cape Verde Manual Socket Wrench Market Segmentations |
6.1 Cape Verde Manual Socket Wrench Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Manual Socket Wrench Market Revenues & Volume, By 1/4", 2021-2031F |
6.1.3 Cape Verde Manual Socket Wrench Market Revenues & Volume, By 3/8", 2021-2031F |
6.1.4 Cape Verde Manual Socket Wrench Market Revenues & Volume, By 1/2", 2021-2031F |
6.2 Cape Verde Manual Socket Wrench Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Manual Socket Wrench Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Cape Verde Manual Socket Wrench Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Cape Verde Manual Socket Wrench Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Cape Verde Manual Socket Wrench Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Manual Socket Wrench Market Import-Export Trade Statistics |
7.1 Cape Verde Manual Socket Wrench Market Export to Major Countries |
7.2 Cape Verde Manual Socket Wrench Market Imports from Major Countries |
8 Cape Verde Manual Socket Wrench Market Key Performance Indicators |
8.1 Average utilization rate of manual socket wrenches by construction companies in Cape Verde |
8.2 Number of new DIY workshops or classes being offered in Cape Verde |
8.3 Percentage increase in government spending on infrastructure projects in Cape Verde |
9 Cape Verde Manual Socket Wrench Market - Opportunity Assessment |
9.1 Cape Verde Manual Socket Wrench Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Manual Socket Wrench Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Manual Socket Wrench Market - Competitive Landscape |
10.1 Cape Verde Manual Socket Wrench Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Manual Socket Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |