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Hitter Based Hand Tools Market By Type (Hammers, Mallets, Axes, Shovels, Crowbars), By Application (Household & DIY, Construction, Woodworking & Framing, Manufacturing & Fitting, Mining, Forestry & Agriculture, Rescue Management) - Growth, Future Prospects, And Competitive Landscape, 2019 -2027

Increasing Focus towards Do-It-Yourself Activities Is Driving the Hitter Based Hand Tools Market

Globally, the hitter based hand tools market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027. Hand tools are those that require manual efforts when being handled rather than using some energy or motor. These tools are largely used in household as well as industrial applications. Furthermore, people across the globe are moving towards doing things on their own, since the emergence of the concept of DIY (do-it-yourself). Increasing home based activities in the field of construction, landscaping and so on are largely driving the adoption of hitter based hand tools across the globe.

Furthermore, growing rate of production of hand tools, increasing consumer base in emerging economies, increasing adoption of online marketing, sales and distributing channels are some of the factors fueling the growth of hitter based hand tools market. Moreover, changing consumer preference and developments in manufacturing methodologies are enabling the providers to offer innovative products through various distribution channels. However, availability of machines that can do the same work as hand tools with minimum efforts, increasing automation, and growing industrialization are some factors restraining the growth of this market during the forecast period.

Market Synopsis

Hitter Based Hand Tools Market

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Shovels Segment Dominated the Global Market

Based on product type, the hitter based hand tools market is segmented into shovels, hammers, mallets, axes, and crowbars. The shovels held maximum market share of around 30% in 2018. Factors such as increasing popularity of home activities such as gardening and commercial and residential landscaping is primarily driving the demand for shovels across the globe. Furthermore, increasing construction activities are driving the adoption of hammers and axes in residential and commercial sectors.

Hitter Based Hand Tools Market

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Asia-pacific To Witness a Fastest Growth in the Market by Region

In 2018, North America led the global hitter based hand tools market by holding a market share of over 38% of the total revenue generated. Increasing dominance of DIY activities, growing production capabilities of local manufacturers, and rapid industrialization and product innovation are some of the factors attributed to the prominent market position in global industry. Asia-Pacific and European countries are likely to be growing at a significant CAGR during the forecast period as agriculture sector is prominent one in these regions.

Hitter Based Hand Tools Market

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Some of the prominent players operating in the hitter based hand tools market include Stanley Black & Decker, Inc., Apex Tool Group LLC, Snap-on Incorporated, Q.E.P. Co., Inc., Vaughan &, Bushnell Manufacturing, Estwing Manufacturing Company Incorporated, The AMES Companies, Inc., ABC Hammers, Inc., Techtronic Industries Co. Ltd., and Hardcore Hammers.

Hitter Based Hand Tools Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The hitter based hand tools market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global hitter based hand tools market based on product type, application, and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Product Type Segment (2017–2027; US$ Bn)
 • Hammers
 • Mallets
 • Axes
 • Shovels
 • Crowbars

 End User (2017–2027; US$ Bn)
 • Household & DIY
 • Construction
 • Woodworking & Framing
 • Manufacturing & Fitting
 • Mining
 • Forestry & Agriculture
 • Rescue Management

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of hitter based hand tools in 2018 and forecast up to 2027?
  • Which is the largest regional market for types of hitter based hand tools?
  • What are the major trends followed in hitter based hand tools market across different regions?
  • Who is the key hitter based hand tools companies leading the market?
  • What are the key strategies adopted by the leading hitter based hand tools companies in market?

Unique data points of this report

  • Statistics on hitter based hand tools penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of hitter based hand tools for various applications.
  • Notable developments going on in hitter based hand tools market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Oct 2019
Category:  Automation & Process Control
Report ID:   59979
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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