| Product Code: ETC5393745 | 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 |
The manual socket wrench import market in Maldives experienced significant changes in 2024, with top exporters being China, Taiwan, India, UAE, and Thailand. The market concentration increased from moderate to high, indicating a shift in supplier dynamics. Despite a negative growth rate in 2024, the compound annual growth rate for the period 2020-2024 was impressive at 22.22%, showcasing the market`s overall expansion. This data suggests a competitive landscape in the manual socket wrench industry in Maldives, with key players vying for market share and growth opportunities.

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 Maldives Manual Socket Wrench Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Manual Socket Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Manual Socket Wrench Market - Industry Life Cycle |
3.4 Maldives Manual Socket Wrench Market - Porter's Five Forces |
3.5 Maldives Manual Socket Wrench Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Manual Socket Wrench Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Manual Socket Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing infrastructure development projects in the Maldives leading to increased demand for manual socket wrenches. |
4.2.2 Rise in the number of do-it-yourself (DIY) enthusiasts and hobbyists using manual tools in the Maldives. |
4.2.3 Increasing awareness about the importance of regular maintenance and repair works, driving the need for manual socket wrenches. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on tools and equipment impacting the pricing and affordability of manual socket wrenches. |
4.3.2 Limited availability of skilled labor and technicians proficient in using manual socket wrenches, hindering the market growth. |
4.3.3 Fluctuating raw material prices affecting the production cost of manual socket wrenches. |
5 Maldives Manual Socket Wrench Market Trends |
6 Maldives Manual Socket Wrench Market Segmentations |
6.1 Maldives Manual Socket Wrench Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Manual Socket Wrench Market Revenues & Volume, By 1/4", 2021-2031F |
6.1.3 Maldives Manual Socket Wrench Market Revenues & Volume, By 3/8", 2021-2031F |
6.1.4 Maldives Manual Socket Wrench Market Revenues & Volume, By 1/2", 2021-2031F |
6.2 Maldives Manual Socket Wrench Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Manual Socket Wrench Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Maldives Manual Socket Wrench Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Maldives Manual Socket Wrench Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Maldives Manual Socket Wrench Market Revenues & Volume, By Others, 2021-2031F |
7 Maldives Manual Socket Wrench Market Import-Export Trade Statistics |
7.1 Maldives Manual Socket Wrench Market Export to Major Countries |
7.2 Maldives Manual Socket Wrench Market Imports from Major Countries |
8 Maldives Manual Socket Wrench Market Key Performance Indicators |
8.1 Average utilization rate of manual socket wrenches in maintenance and repair activities. |
8.2 Number of infrastructure projects in the Maldives utilizing manual socket wrenches. |
8.3 Percentage of DIY enthusiasts in the Maldives using manual socket wrenches for various projects. |
8.4 Rate of adoption of innovative features in manual socket wrench designs by consumers in the Maldives. |
8.5 Percentage of market share held by local manufacturers of manual socket wrenches in the Maldives. |
9 Maldives Manual Socket Wrench Market - Opportunity Assessment |
9.1 Maldives Manual Socket Wrench Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Manual Socket Wrench Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Manual Socket Wrench Market - Competitive Landscape |
10.1 Maldives Manual Socket Wrench Market Revenue Share, By Companies, 2024 |
10.2 Maldives Manual Socket Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |