Automotive Tool Box Market: Expected To Record Substantial Growth In The Near Future 2021-2031
automotive tool box, or tool chest, is used to store and transport tools and equipment required during testing, inspection, maintenance or repair of vehicles. This box helps properly arrange the tools, which makes it easier to find them when required and averts any accidents due to misplaced tools at the work site. Rise in number of on-road vehicles is a major factor propelling the demand for automotive tool boxes Key Drivers of Automotive Tool Box Market Increase in per capita GDP and disposable income of the population across the globe has led to a rise in number of vehicles in use. According to the data generated by the European Automobile Manufacturers’ Association, the motorization rate of Europe is 569 passenger vehicles per 1000 inhabitants. Furthermore, the motorization rate of the U.S. is 800 passenger vehicles per 1000 inhabitants. Rise in transportation and logistics activities have further boosted the number of on-road commercial vehicles. This rapid increase in...