According to a market report by Lucintel, the future of the global hitter based hand tool market looks promising with opportunities in the household and DIY, construction, woodworking & framing, manufacturing & fitting, mining, forestry and agriculture, and rescue management markets. The global hitter based hand tool market is expected to reach an estimated $0.6 billion by 2030 with a CAGR of 3.2% from 2024 to 2030.
The major drivers for
this market are growing number of home-based activities, various small-scale
construction and landscaping projects and on-going technological advancements
in the manufacturing process globally.
A more than 150–page
report is developed to understand trends, opportunities, and forecast for the
global hitter based hand tool market to 2030 by type (hammers, mallets, axes,
shovels, and crowbars), sales channel (bulk distributer sales, retail sales,
and online sales), application (household and DIY, construction, woodworking
& framing, manufacturing & fitting, mining, forestry and agriculture,
and rescue management), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
In this market, hammers,
mallets, axes, shovels, and crowbars are the major segments of hitter based
hand tool market by type. Lucintel forecasts that hammer segment is expected to
witness the highest growth over the forecast period.
Within this market,
construction will remain the largest segment.
APAC is expected to witness
the highest growth over the forecast period.
Techtronic Industries, Stanley Black & Decker, Snap-On Incorporated, Apex Tool Group, Q.E.P., Vaughan Manufacturing, The Ames Companies, Abc Hammers, Hardcore Hammers, and Isotools are the major suppliers in the hitter based hand tool market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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