| Product Code: ETC5393729 | 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, Ireland saw increasing import shipments of manual socket wrenches, with Taiwan, China, USA, UK, and Germany being the top exporting countries. The market shows a low concentration level based on the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 16.15%, indicating a thriving market. Moreover, the growth rate from 2023 to 2024 is 9.83%, showcasing sustained momentum in the industry. These trends suggest a positive outlook for manual socket wrench imports in Ireland.

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 Ireland Manual Socket Wrench Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Manual Socket Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Manual Socket Wrench Market - Industry Life Cycle |
3.4 Ireland Manual Socket Wrench Market - Porter's Five Forces |
3.5 Ireland Manual Socket Wrench Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Ireland Manual Socket Wrench Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ireland Manual Socket Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for manual socket wrenches due to growth in the automotive and construction industries in Ireland. |
4.2.2 Growing trend of DIY projects and home improvement activities, leading to higher sales of manual socket wrenches. |
4.2.3 Technological advancements in manual socket wrench designs and materials, improving product performance and durability. |
4.3 Market Restraints |
4.3.1 Competition from power tools and electric wrenches, which offer faster and more efficient solutions compared to manual socket wrenches. |
4.3.2 Economic fluctuations and uncertainties affecting consumer spending and investments in tools and equipment. |
4.3.3 Availability of cheaper imported manual socket wrenches from other regions impacting sales of local products. |
5 Ireland Manual Socket Wrench Market Trends |
6 Ireland Manual Socket Wrench Market Segmentations |
6.1 Ireland Manual Socket Wrench Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ireland Manual Socket Wrench Market Revenues & Volume, By 1/4", 2021-2031F |
6.1.3 Ireland Manual Socket Wrench Market Revenues & Volume, By 3/8", 2021-2031F |
6.1.4 Ireland Manual Socket Wrench Market Revenues & Volume, By 1/2", 2021-2031F |
6.2 Ireland Manual Socket Wrench Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ireland Manual Socket Wrench Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Ireland Manual Socket Wrench Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Ireland Manual Socket Wrench Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Ireland Manual Socket Wrench Market Revenues & Volume, By Others, 2021-2031F |
7 Ireland Manual Socket Wrench Market Import-Export Trade Statistics |
7.1 Ireland Manual Socket Wrench Market Export to Major Countries |
7.2 Ireland Manual Socket Wrench Market Imports from Major Countries |
8 Ireland Manual Socket Wrench Market Key Performance Indicators |
8.1 Average order value (AOV) for manual socket wrench purchases in Ireland. |
8.2 Customer satisfaction and reviews related to the performance and durability of manual socket wrenches. |
8.3 Percentage of repeat customers indicating product loyalty and market penetration. |
9 Ireland Manual Socket Wrench Market - Opportunity Assessment |
9.1 Ireland Manual Socket Wrench Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Ireland Manual Socket Wrench Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ireland Manual Socket Wrench Market - Competitive Landscape |
10.1 Ireland Manual Socket Wrench Market Revenue Share, By Companies, 2024 |
10.2 Ireland Manual Socket Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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