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 3.5% during the forecast period from 2022 to 2030. 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.
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 2020. 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.Asia-pacific To Witness a Fastest Growth in the Market by Region
In 2020, 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.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.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Hitter Based Hand Tools market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Hitter Based Hand Tools market and their expected impact during the forecast period.
Segmentation Type
- Hammers
- Mallets
- Axes
- Shovels
- Crowbars
Application
- Household & DIY
- Construction
- Woodworking & Framing
- Manufacturing & Fitting
- Mining
- Forestry & Agriculture
- Rescue Management
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Hitter Based Hand Tools market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Hitter Based Hand Tools market?
- Which is the largest regional market for Hitter Based Hand Tools market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Hitter Based Hand Tools market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Hitter Based Hand Tools market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Hitter Based Hand Tools Market
2.2. Global Hitter Based Hand Tools Market, By Type, 2021 (US$ Million)
2.3. Global Hitter Based Hand Tools Market, By Application, 2021 (US$ Million)
2.4. Global Hitter Based Hand Tools Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021
3. Hitter Based Hand Tools Market: Competitive Analysis
3.1. Market Positioning of Key Hitter Based Hand Tools Market Vendors
3.2. Strategies Adopted by Hitter Based Hand Tools Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Hitter Based Hand Tools Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Hitter Based Hand Tools Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Hammers
5.3.2. Mallets
5.3.3. Axes
5.3.4. Shovels
5.3.5. Crowbars
6. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Household & DIY
6.3.2. Construction
6.3.3. Woodworking & Framing
6.3.4. Manufacturing & Fitting
6.3.5. Mining
6.3.6. Forestry & Agriculture
6.3.7. Rescue Management
7. North America Hitter Based Hand Tools Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
7.3. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
7.4.Hitter Based Hand Tools Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
7.4.1.1.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
7.4.1.2.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
7.4.1.3.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8. UK and European Union Hitter Based Hand Tools Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.3. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8.4.Hitter Based Hand Tools Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.4.1.1.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.4.1.2.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.4.1.3.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.4.1.4.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.4.1.5.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
8.4.1.6.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9. Asia Pacific Hitter Based Hand Tools Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.3. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9.4.Hitter Based Hand Tools Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.4.1.1.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.4.1.2.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.4.1.3.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.4.1.4.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.4.1.5.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
9.4.1.6.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
10. Latin America Hitter Based Hand Tools Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
10.3. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
10.4.Hitter Based Hand Tools Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
10.4.1.1.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
10.4.1.2.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
10.4.1.3.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
11. Middle East and Africa Hitter Based Hand Tools Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
11.3. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
11.4.Hitter Based Hand Tools Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
11.4.1.1.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
11.4.1.2.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Hitter Based Hand Tools Market: By Type, 2020-2030, USD (Million)
11.4.1.3.1. Hitter Based Hand Tools Market: By Application, 2020-2030, USD (Million)
12. Company Profile
12.1. Stanley Black & Decker
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Apex Tool Group LLC
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Snap-on Incorporated
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Q.E.P. Co.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Bushnell Manufacturing
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Estwing Manufacturing Company Incorporated
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. The AMES Companies, Inc.
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. ABC Hammers, Inc.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Techtronic Industries Co. Ltd.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Hardcore Hammers
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
List of Figures
Figure 1 Global Hitter Based Hand Tools Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Hitter Based Hand Tools Market: Quality Assurance
Figure 5 Global Hitter Based Hand Tools Market, By Type, 2021
Figure 6 Global Hitter Based Hand Tools Market, By Application, 2021
Figure 7 Global Hitter Based Hand Tools Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Hitter Based Hand Tools Market, 2021
Figure 9 Market Positioning of Key Hitter Based Hand Tools Market Players, 2021
Figure 10 Global Hitter Based Hand Tools Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Hitter Based Hand Tools Market, By Type, 2021 Vs 2030, %
Figure 12 Global Hitter Based Hand Tools Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 14 Canada Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 16 UK Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 17 Germany Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 18 Spain Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 19 Italy Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 20 France Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 22 China Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 23 Japan Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 24 India Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 25 Australia Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 26 South Korea Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 28 Brazil Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 29 Mexico Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 31 GCC Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 32 Africa Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Hitter Based Hand Tools Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 2 Global Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 3 North America Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 4 North America Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 5 U.S. Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 6 U.S. Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 7 Canada Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 8 Canada Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 10 Rest of North America Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 12 UK and European Union Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 13 UK Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 14 UK Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 15 Germany Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 16 Germany Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 17 Spain Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 18 Spain Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 19 Italy Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 20 Italy Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 21 France Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 22 France Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 24 Rest of Europe Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 25 Asia Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 26 Asia Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 27 China Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 28 China Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 29 Japan Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 30 Japan Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 31 India Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 32 India Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 33 Australia Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 34 Australia Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 35 South Korea Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 36 South Korea Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 37 Latin America Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 38 Latin America Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 39 Brazil Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 40 Brazil Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 41 Mexico Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 42 Mexico Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 44 Rest of Latin America Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 46 Middle East and Africa Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 47 GCC Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 48 GCC Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 49 Africa Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 50 Africa Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Hitter Based Hand Tools Market By Type, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Hitter Based Hand Tools Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- 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.
- Hardcore Hammers.
