| Product Code: ETC426660 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Colombia continued to see a high concentration of manual socket wrench imports, with top exporting countries including China, Taiwan, USA, Mexico, and Japan. The industry experienced a strong Compound Annual Growth Rate (CAGR) of 13.1% from 2020 to 2024, indicating a robust market demand. Furthermore, the impressive growth rate of 17.32% from 2023 to 2024 suggests a flourishing market for manual socket wrenches in Colombia. The continued dominance of key exporting countries and the sustained growth rates highlight the importance and popularity of manual socket wrenches in the Colombian market.

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 Colombia Manual Socket Wrench Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Manual Socket Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Manual Socket Wrench Market - Industry Life Cycle |
3.4 Colombia Manual Socket Wrench Market - Porter's Five Forces |
3.5 Colombia Manual Socket Wrench Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Colombia Manual Socket Wrench Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Colombia Manual Socket Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing industrial sector in Colombia leading to increased demand for manual socket wrenches. |
4.2.2 Rising do-it-yourself (DIY) trend among consumers, boosting sales of manual tools like socket wrenches. |
4.2.3 Expansion of e-commerce platforms providing easier access to a wide range of manual socket wrench products. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs of manual socket wrenches. |
4.3.2 Competition from power tools affecting the demand for manual tools like socket wrenches. |
4.3.3 Economic instability in Colombia impacting consumer spending on non-essential items like manual socket wrenches. |
5 Colombia Manual Socket Wrench Market Trends |
6 Colombia Manual Socket Wrench Market, By Types |
6.1 Colombia Manual Socket Wrench Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Manual Socket Wrench Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Colombia Manual Socket Wrench Market Revenues & Volume, By 1/4", 2021 - 2031F |
6.1.4 Colombia Manual Socket Wrench Market Revenues & Volume, By 3/8", 2021 - 2031F |
6.1.5 Colombia Manual Socket Wrench Market Revenues & Volume, By 1/2", 2021 - 2031F |
6.2 Colombia Manual Socket Wrench Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Colombia Manual Socket Wrench Market Revenues & Volume, By Construction, 2021 - 2031F |
6.2.3 Colombia Manual Socket Wrench Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.4 Colombia Manual Socket Wrench Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.5 Colombia Manual Socket Wrench Market Revenues & Volume, By Others, 2021 - 2031F |
7 Colombia Manual Socket Wrench Market Import-Export Trade Statistics |
7.1 Colombia Manual Socket Wrench Market Export to Major Countries |
7.2 Colombia Manual Socket Wrench Market Imports from Major Countries |
8 Colombia Manual Socket Wrench Market Key Performance Indicators |
8.1 Average order value (AOV) of manual socket wrench purchases. |
8.2 Customer retention rate for manual socket wrench brands. |
8.3 Number of new product innovations in the manual socket wrench market. |
8.4 Online engagement metrics such as website traffic and social media interactions for manual socket wrench brands. |
8.5 Percentage of market penetration in different regions of Colombia for manual socket wrench products. |
9 Colombia Manual Socket Wrench Market - Opportunity Assessment |
9.1 Colombia Manual Socket Wrench Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Colombia Manual Socket Wrench Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Colombia Manual Socket Wrench Market - Competitive Landscape |
10.1 Colombia Manual Socket Wrench Market Revenue Share, By Companies, 2024 |
10.2 Colombia Manual Socket Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |