| Product Code: ETC5393770 | 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 Republic of North Macedonia saw a significant increase in manual socket wrench imports in 2024, with top exporting countries including USA, China, Germany, Taiwan, Province of China, and Slovenia. The market concentration, as measured by the HHI, shifted from moderate to very high in 2024, indicating a more consolidated market landscape. The impressive compound annual growth rate (CAGR) of 27.12% from 2020 to 2024 highlights the strong demand for these products. The exceptional growth rate of 142.72% from 2023 to 2024 suggests a rapid acceleration in import activity, signaling potential opportunities and challenges for market players.

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 Republic of Macedonia Manual Socket Wrench Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Manual Socket Wrench Market - Industry Life Cycle |
3.4 Republic of Macedonia Manual Socket Wrench Market - Porter's Five Forces |
3.5 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Republic of Macedonia Manual Socket Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing automotive industry in the Republic of Macedonia |
4.2.2 Increasing demand for DIY activities and home improvement projects |
4.2.3 Technological advancements leading to the development of innovative manual socket wrench designs |
4.3 Market Restraints |
4.3.1 Competition from power tools and electric wrenches |
4.3.2 Economic uncertainty impacting consumer spending on tools and equipment |
4.3.3 Limited availability of skilled labor for manufacturing and sales of manual socket wrenches |
5 Republic of Macedonia Manual Socket Wrench Market Trends |
6 Republic of Macedonia Manual Socket Wrench Market Segmentations |
6.1 Republic of Macedonia Manual Socket Wrench Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By 1/4", 2021-2031F |
6.1.3 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By 3/8", 2021-2031F |
6.1.4 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By 1/2", 2021-2031F |
6.2 Republic of Macedonia Manual Socket Wrench Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Republic of Macedonia Manual Socket Wrench Market Revenues & Volume, By Others, 2021-2031F |
7 Republic of Macedonia Manual Socket Wrench Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Manual Socket Wrench Market Export to Major Countries |
7.2 Republic of Macedonia Manual Socket Wrench Market Imports from Major Countries |
8 Republic of Macedonia Manual Socket Wrench Market Key Performance Indicators |
8.1 Average time spent on DIY projects per household in the Republic of Macedonia |
8.2 Number of new product launches in the manual socket wrench market |
8.3 Percentage of revenue invested in research and development for manual socket wrench innovations |
9 Republic of Macedonia Manual Socket Wrench Market - Opportunity Assessment |
9.1 Republic of Macedonia Manual Socket Wrench Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Republic of Macedonia Manual Socket Wrench Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Republic of Macedonia Manual Socket Wrench Market - Competitive Landscape |
10.1 Republic of Macedonia Manual Socket Wrench Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Manual Socket Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |