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Agriculture Tools Market By Type, By Distribution Channel, By Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 220 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5916235
UP TO OFF until Nov 15th 2024
The global agriculture tools market was valued at $1,810.8 million in 2020, and is projected to reach $4,846.0 million by 2032, registering a CAGR of 8.7% from 2023 to 2032.

Agriculture tools used by farmers enhance crop productivity. They consist of tools like cultivators, harrows, and plows. The tools used in agriculture, forestry, fishing, hunting, and other related activities are referred to as agriculture tools. They comprise trimmers, machetes, edgers, and other power tools as well as hand instruments including hoes, axes, saws, sickles, and pruning shears.

Rise in urbanization results in increase in city population, which drives up demand for fresh food and drives market expansion. In addition, there is a larger need to produce more food as more people move into metropolitan areas to meet their dietary needs. Urbanization is also linked to a change in food habits. Urban dwellers typically have more varied diets with a higher proportion of dispersed process and perishable goods. Farmers must modify and diversify their crops and growing strategy in response to this change in food preferences. For instance, The World Bank projects that in 2023-2024, the world's grain stocks will increase by about 60 million tonnes. Due to this demand, more agricultural methods and techniques such as greenhouse cultivation and precision farming are being produced to promote the effective production of fruits, vegetables, and other processable items.

However, various types of alloy steel are typically used for manufacturing agriculture tools. For instance, chromium vanadium steel is an alloy tool steel with chromium (Cr) and vanadium (V), which has better strength and toughness than carbon steel, and is commonly used in hoes, axes, saws, sickles, and pruning shears other tools. As steel is a major component in agriculture tools, the price of steel governs the final cost of the tool. According to the World Steel Association, the demand for steel was expected to increase by 4.5% in 2021 and by 2.2% in 2022. Such increase in demand has the potential to boost global steel prices. Furthermore, changes in the price of energy influence the cost of steel as well as the manufacturing cost of tools. Thus, changes in raw material and energy prices have the potential to restrict the growth of the agriculture tools market.

Also, the rise in demand for efficient, versatile, and labor-saving equipment and tools in farming and agriculture sectors propels the growth of the market. These tools are designed to enhance productivity, reduce physical levels, and improve overall efficiency on the farm. In addition, power hand tools significantly reduce the need of manual labor, making them attractive to farmers facing that face labor shortage or those looking to optimize their work force. Moreover, power tools can perform tasks more quickly and efficiently than manual alternatives, allowing farmers to complete agricultural operation in shorter time frame. Hence, such benefits propelled the growth of the market.

The agriculture tools market is segmented into type, distribution channel, application, and region. By type, the market is divided into shovel, rake, wheelbarrow and other. The Rakes segment dominated the market in 2022. By distribution channel, the market is divided into instore and online. The In-Store segment dominated the market in 2022. By application, it is classified into farms and gardens. The farming segment dominated the market in 2022.  

Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).  In 2022, Asia-Pacific was the key shareholder, and anticipated to secure a leading position during the forecast period.  

Competition Analysis

  
Key companies profiled in the Agriculture Tools Market report include, Deere & Company, Fiskars Group, Stanley Black & Decker, Inc., Truper, S.A. de C.V., CHILLINGTON TOOL COMPANY, Apex Tool Group, LLC., Bellota Agrisolutions, The Toro Company, Falcon Garden Tools, and DeWit tools.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agriculture tools market analysis from 2020 to 2032 to identify the prevailing agriculture tools market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the agriculture tools market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global agriculture tools market trends, key players, market segments, application areas, and market growth strategies.

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  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • SWOT Analysis

Key Market Segments

By Type

  • Shovel
  • Rakes
  • Wheelbarrow
  • Others

By Distribution Channel

  • In-Store
  • Online

By Application

  • Farming
  • Gardening

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Deere & Company
  • Stanley Black & Decker, Inc.
  • Bellota Agrisolutions
  • Chillington Tools
  • Truper, S.A. de C.V.
  • Fiskars Group
  • The Toro Company
  • Apex Tool Group, LLC.
  • Robert Bosch GmbH
  • Falcon Garden Tools

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: AGRICULTURE TOOLS MARKET, BY TYPE
4.1. Overview
4.2. Shovel
4.3. Rakes
4.4. Wheelbarrow
4.5. Others
CHAPTER 5: AGRICULTURE TOOLS MARKET, BY DISTRIBUTION CHANNEL
5.1. Overview
5.2. In-Store
5.3. Online
CHAPTER 6: AGRICULTURE TOOLS MARKET, BY APPLICATION
6.1. Overview
6.2. Farming
6.3. Gardening
CHAPTER 7: AGRICULTURE TOOLS MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2020
CHAPTER 9: COMPANY PROFILES
9.1. Deere & Company
9.2. Fiskars Group
9.3. Stanley Black & Decker, Inc.
9.4. Truper, S.A. de C.V.
9.5. Chillington Tools
9.6. Apex Tool Group, LLC.
9.7. Bellota Agrisolutions
9.8. The Toro Company
9.9. Falcon Garden Tools
9.10. Robert Bosch GmbH
List of Tables
Table 01. Global Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 02. Agriculture Tools Market for Shovel, by Region, 2020-2032 ($ Million)
Table 03. Agriculture Tools Market for Rakes, by Region, 2020-2032 ($ Million)
Table 04. Agriculture Tools Market for Wheelbarrow, by Region, 2020-2032 ($ Million)
Table 05. Agriculture Tools Market for Others, by Region, 2020-2032 ($ Million)
Table 06. Global Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 07. Agriculture Tools Market for In-Store, by Region, 2020-2032 ($ Million)
Table 08. Agriculture Tools Market for Online, by Region, 2020-2032 ($ Million)
Table 09. Global Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 10. Agriculture Tools Market for Farming, by Region, 2020-2032 ($ Million)
Table 11. Agriculture Tools Market for Gardening, by Region, 2020-2032 ($ Million)
Table 12. Agriculture Tools Market, by Region, 2020-2032 ($ Million)
Table 13. North America Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 14. North America Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 15. North America Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 16. North America Agriculture Tools Market, by Country, 2020-2032 ($ Million)
Table 17. U.S. Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 18. U.S. Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 19. U.S. Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 20. Canada Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 21. Canada Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 22. Canada Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 23. Mexico Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 24. Mexico Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 25. Mexico Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 26. Europe Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 27. Europe Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 28. Europe Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 29. Europe Agriculture Tools Market, by Country, 2020-2032 ($ Million)
Table 30. Germany Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 31. Germany Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 32. Germany Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 33. UK Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 34. UK Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 35. UK Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 36. France Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 37. France Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 38. France Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 39. Italy Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 40. Italy Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 41. Italy Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 42. Rest of Europe Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 43. Rest of Europe Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 44. Rest of Europe Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 45. Asia-Pacific Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 46. Asia-Pacific Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 47. Asia-Pacific Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 48. Asia-Pacific Agriculture Tools Market, by Country, 2020-2032 ($ Million)
Table 49. China Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 50. China Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 51. China Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 52. Japan Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 53. Japan Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 54. Japan Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 55. South Korea Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 56. South Korea Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 57. South Korea Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 58. India Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 59. India Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 60. India Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 61. Rest of Asia-Pacific Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 62. Rest of Asia-Pacific Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 63. Rest of Asia-Pacific Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 64. LAMEA Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 65. LAMEA Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 66. LAMEA Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 67. LAMEA Agriculture Tools Market, by Country, 2020-2032 ($ Million)
Table 68. Latin America Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 69. Latin America Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 70. Latin America Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 71. Middle East Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 72. Middle East Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 73. Middle East Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 74. Africa Agriculture Tools Market, by Type, 2020-2032 ($ Million)
Table 75. Africa Agriculture Tools Market, by Distribution Channel, 2020-2032 ($ Million)
Table 76. Africa Agriculture Tools Market, by Application, 2020-2032 ($ Million)
Table 77. Deere & Company: Key Executives
Table 78. Deere & Company: Company Snapshot
Table 79. Deere & Company: Product Segments
Table 80. Deere & Company: Product Portfolio
Table 81. Fiskars Group: Key Executives
Table 82. Fiskars Group: Company Snapshot
Table 83. Fiskars Group: Product Segments
Table 84. Fiskars Group: Product Portfolio
Table 85. Stanley Black & Decker, Inc.: Key Executives
Table 86. Stanley Black & Decker, Inc.: Company Snapshot
Table 87. Stanley Black & Decker, Inc.: Service Segments
Table 88. Stanley Black & Decker, Inc.: Product Portfolio
Table 89. Truper, S.A. De C.V.: Key Executives
Table 90. Truper, S.A. De C.V.: Company Snapshot
Table 91. Truper, S.A. De C.V.: Product Segments
Table 92. Truper, S.A. De C.V.: Product Portfolio
Table 93. Chillington Tools: Key Executives
Table 94. Chillington Tools: Company Snapshot
Table 95. Chillington Tools: Product Segments
Table 96. Chillington Tools: Product Portfolio
Table 97. Apex Tool Group, LLC.: Key Executives
Table 98. Apex Tool Group, LLC.: Company Snapshot
Table 99. Apex Tool Group, LLC.: Product Segments
Table 100. Apex Tool Group, LLC.: Product Portfolio
Table 101. Bellota Agrisolutions: Key Executives
Table 102. Bellota Agrisolutions: Company Snapshot
Table 103. Bellota Agrisolutions: Product Segments
Table 104. Bellota Agrisolutions: Product Portfolio
Table 105. The Toro Company: Key Executives
Table 106. The Toro Company: Company Snapshot
Table 107. The Toro Company: Product Segments
Table 108. The Toro Company: Product Portfolio
Table 109. Falcon Garden Tools: Key Executives
Table 110. Falcon Garden Tools: Company Snapshot
Table 111. Falcon Garden Tools: Product Segments
Table 112. Falcon Garden Tools: Product Portfolio
Table 113. Robert Bosch Gmbh: Key Executives
Table 114. Robert Bosch Gmbh: Company Snapshot
Table 115. Robert Bosch Gmbh: Product Segments
Table 116. Robert Bosch Gmbh: Product Portfolio
List of Figures
Figure 01. Agriculture Tools Market, 2020-2032
Figure 02. Segmentation of Agriculture Tools Market, 2020-2032
Figure 03. Top Impacting Factors in Agriculture Tools Market (2022 to 2032)
Figure 04. Top Investment Pockets in Agriculture Tools Market (2023-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Agriculture Tools Market: Drivers, Restraints and Opportunities
Figure 11. Agriculture Tools Market, by Type, 2020 and 2032 (%)
Figure 12. Comparative Share Analysis of Agriculture Tools Market for Shovel, by Country 2020 and 2032 (%)
Figure 13. Comparative Share Analysis of Agriculture Tools Market for Rakes, by Country 2020 and 2032 (%)
Figure 14. Comparative Share Analysis of Agriculture Tools Market for Wheelbarrow, by Country 2020 and 2032 (%)
Figure 15. Comparative Share Analysis of Agriculture Tools Market for Others, by Country 2020 and 2032 (%)
Figure 16. Agriculture Tools Market, by Distribution Channel, 2020 and 2032 (%)
Figure 17. Comparative Share Analysis of Agriculture Tools Market for In-Store, by Country 2020 and 2032 (%)
Figure 18. Comparative Share Analysis of Agriculture Tools Market for Online, by Country 2020 and 2032 (%)
Figure 19. Agriculture Tools Market, by Application, 2020 and 2032 (%)
Figure 20. Comparative Share Analysis of Agriculture Tools Market for Farming, by Country 2020 and 2032 (%)
Figure 21. Comparative Share Analysis of Agriculture Tools Market for Gardening, by Country 2020 and 2032 (%)
Figure 22. Agriculture Tools Market by Region, 2020 and 2032 (%)
Figure 23. U.S. Agriculture Tools Market, 2020-2032 ($ Million)
Figure 24. Canada Agriculture Tools Market, 2020-2032 ($ Million)
Figure 25. Mexico Agriculture Tools Market, 2020-2032 ($ Million)
Figure 26. Germany Agriculture Tools Market, 2020-2032 ($ Million)
Figure 27. UK Agriculture Tools Market, 2020-2032 ($ Million)
Figure 28. France Agriculture Tools Market, 2020-2032 ($ Million)
Figure 29. Italy Agriculture Tools Market, 2020-2032 ($ Million)
Figure 30. Rest of Europe Agriculture Tools Market, 2020-2032 ($ Million)
Figure 31. China Agriculture Tools Market, 2020-2032 ($ Million)
Figure 32. Japan Agriculture Tools Market, 2020-2032 ($ Million)
Figure 33. South Korea Agriculture Tools Market, 2020-2032 ($ Million)
Figure 34. India Agriculture Tools Market, 2020-2032 ($ Million)
Figure 35. Rest of Asia-Pacific Agriculture Tools Market, 2020-2032 ($ Million)
Figure 36. Latin America Agriculture Tools Market, 2020-2032 ($ Million)
Figure 37. Middle East Agriculture Tools Market, 2020-2032 ($ Million)
Figure 38. Africa Agriculture Tools Market, 2020-2032 ($ Million)
Figure 39. Top Winning Strategies, by Year (2023)
Figure 40. Top Winning Strategies, by Development (2023)
Figure 41. Top Winning Strategies, by Company (2023)
Figure 42. Product Mapping of Top 10 Players
Figure 43. Competitive Dashboard
Figure 44. Competitive Heatmap: Agriculture Tools Market
Figure 45. Top Player Positioning, 2020
Figure 46. Deere & Company: Net Sales, 2020-2022 ($ Million)
Figure 47. Deere & Company: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 48. Deere & Company: Revenue Share by Segment, 2022 (%)
Figure 49. Deere & Company: Revenue Share by Region, 2022 (%)
Figure 50. Fiskars Group: Net Sales, 2020-2022 ($ Million)
Figure 51. Fiskars Group: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 52. Fiskars Group: Revenue Share by Segment, 2022 (%)
Figure 53. Fiskars Group: Revenue Share by Region, 2022 (%)
Figure 54. Stanley Black & Decker, Inc.: Net Sales, 2019-2021 ($ Million)
Figure 55. Stanley Black & Decker, Inc.: Revenue Share by Segment, 2021 (%)
Figure 56. Stanley Black & Decker, Inc.: Revenue Share by Region, 2021 (%)
Figure 57. The Toro Company: Net Revenue, 2020-2022 ($ Million)
Figure 58. The Toro Company: Revenue Share by Region, 2022 (%)
Figure 59. The Toro Company: Revenue Share by Segment, 2022 (%)
Figure 60. Robert Bosch Gmbh: Net Revenue, 2019-2021 ($ Million)
Figure 61. Robert Bosch Gmbh: Research & Development Expenditure, 2019-2021 ($ Million)
Figure 62. Robert Bosch Gmbh: Revenue Share by Region, 2021 (%)
Figure 63. Robert Bosch Gmbh: Revenue Share by Segment, 2021 (%)

Executive Summary

According to the report titled, 'Agriculture Tools Market," The global agriculture tools market was valued at $1.81 billion in 2020, and is projected to reach $4.84 billion by 2032, registering a CAGR of 8.7% from 2023 to 2032."
The agriculture tools market encompasses production, distribution, and sales of a wide range of equipment, machinery, and tool design for use in various agriculture activities. These tools are essential for farmers and agricultural professionals to enhance efficiency, productivity, and sustainability in crop cultivation, livestock management, and other farming operations. In addition, increased population in cities due to increased urbanization increases the need for fresh food and propels market growth. Additionally, when more people relocate to urban areas to meet their nutritional needs, there is a greater need to produce more food. A change in eating habits is also correlated with urbanization. Urban residents often eat a more diverse diet that contains a higher percentage of perishable and distributed processed items. In response to this shift in consumer food tastes, farmers must adjust and diversify their crops and growing techniques. For instance, according to World Bank projections, grain inventories will rise by nearly 60 million tonnes between 2023 and 2024.

More agricultural practices and technologies, including greenhouse farming and precision farming, are being developed as a result of increasing need being produced to promote the effective production of fruits, vegetables, and other processable items. As the global population continues to grow, there is a rise in demand for food and agriculture products. This leads to increased agriculture activities, including planting, harvesting, and soil preparation, all of which require shovel and similar tools. In addition, the increased necessity of manual labor in various agriculture tasks, especially in regions with smaller farms or specialized crops that require precision propels the use of shovel. While mechanization has advanced in agriculture, many essential activities, such as planting, transplanting, wedding, and soil preparation. In addition, the growing emphasis on sustainable and organic farming practices, coupled with the need to minimize soil disruption and promote soil fertilities, drive the demand for the well designed and specialized shovels in the agriculture sector.

However, Rural areas in a variety of emerging nations are where most agricultural activities are conducted. Since most farmers in these countries lack formal education, they are generally unaware of the benefits of utilizing agricultural machinery to boost crop yield. Old farming practices are kept up because of illiteracy, which makes the soil less able to support crops and is not sustainable. Furthermore, rural communities' limited access to digital resources, knowledge, and networks prevents them from adopting sophisticated agricultural machinery. As a result, these limitations limit the market's ability to grow.

Furthermore, several commodities, including construction material, oil, and gas, saw a surge in price due to the Russia-Ukraine conflict. Due to supply chain interruptions, there are now more expensive shipping costs, fewer available containers, and less warehouse space. Since there have been delays in shipments and congestion, certain ports have been closed, and orders are being retracted, which influences industry and consumers globally. The decline in investor confidence has also increased stock market volatility. Economic instability has risen due to the strained commercial ties between Russia, Ukraine, and their different trading partners. Hence, all such factors have reduced export possibilities.

Additionally, the market is expanding as a result of the rising need in the farming and agricultural sectors for equipment that is productive, adaptable, and labor-saving. These implements are intended to increase output, lower physical demands, and boost overall agricultural productivity. Power hand tools also considerably minimize the demand for physical labor, which makes them appealing to farmers who are experiencing a labor shortage or who want to maximize their workforce. Power tools also provide faster and more effective work completion than manual alternatives, enabling farmers to finish agricultural operations faster. Therefore, these advantages drove the market's expansion.

The agriculture tools market is segmented into type, distribution channel, application, and region. By type, the market is bifurcated into shovel, rake, wheelbarrow, and other. By distribution channel, the market is segmented into in-store and online. By application, the market is segmented into farming and gardening. 

COMPETITION ANALYSIS

The key companies profiled in the agriculture tools market report include Deere & Company, Fiskars Group, Stanley Black & Decker, Inc., Truper, S.A. de C.V., CHILLINGTON TOOL COMPANY, Apex Tool Group, LLC., Bellota Agrisolutions, the Toro Company, Falcon Garden Tools, and DeWit tools. 

KEY FINDINGS OF THE STUDY

The report provides an extensive analysis of the current and emerging trends and dynamics.

By type, the rakes segment was the largest revenue generator in 2022.
By distribution channel, the in-store segment generated the highest revenue in 2022.

By application, the farming segment dominated the market in 2022.

Region-wise, Asia Pacific is anticipated to dominate the market throughout the study period.

Companies Mentioned

  • Deere & Company
  • Stanley Black & Decker, Inc.
  • Bellota Agrisolutions
  • Chillington Tools
  • Truper, S.A. de C.V.
  • Fiskars Group
  • The Toro Company
  • Apex Tool Group, LLC.
  • Robert Bosch GmbH
  • Falcon Garden Tools

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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