DUBLIN--(BUSINESS WIRE)--The "Global Hitter based hand tools Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.
The global hitter based hand tools market is set to grow with a CAGR of 5.5% during the forecast period.
Globally, there is rapid adoption of hand tools for household chores such as gardening, small construction actives, and so on. As these tools do not require motor or electricity, it provides benefits such as low cost and saving up energy. Furthermore, people across the globe are adopting the concept of DIY (do-it-yourself), which also enhances the usage of hammers, shovels, and other hand tools. 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, increasing the adoption of hand tools enhances the rate of production which increases the annual revenue of the major players in the global market. Furthermore, advancements in the sales and distributing channels such as the emergence of online portals, and home delivery options are also fueling the growth of hitter based hand tools market. However, the 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.
Based on product type, the shovels held a maximum market share of over 30% in 2018. Globally, people are opting for gardening as a way to reduce stress, keep the limber, and upgrade the mood when depressed. These increasing gardening activities are enhancing the sales of shovels, axes, hammers and many such hand tools. Furthermore, increasing home construction activities are driving the adoption of hammers and axes in residential and commercial sectors.
Based on geography, North America held a market share of more than 38% of the total revenue generated. The 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 the global industry. Asia-Pacific and European countries are likely to be growing at a significant CAGR during the forecast period as the agriculture sector is a prominent one in these regions.
Key Topics Covered:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I - Secondary Research
1.4.2 Phase II - Primary Research
1.4.3 Phase III - Expert Panel Review
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Hitter Based Hand Tools
2.2 Global Hitter Based Hand Tools Market, By Type
2.3 Global Hitter Based Hand Tools Market, By Application
2.4 Global Hitter Based Hand Tools Market, By Geography
Chapter 3 Market Dynamics
3.1.1 Global Hitter Based Hand Tools Market Revenue and Growth, 2019 - 2027, (US$ Bn) (%)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Hitter Based Hand Tools Market Analysis, by Type
Chapter 5 Global Hitter Based Hand Tools Market Analysis, By Application
5.2 Household & DIY
5.4 Woodworking & Framing
5.5 Manufacturing & Fitting
5.7 Forestry & Agriculture
5.8 Rescue Management
Chapter 6 North America Hitter Based Hand Tools Market Analysis
6.2 North America Hitter Based Hand Tools Market Analysis, By Type, 2019 - 2027
6.2.1 Comparative Analysis
6.3 North America Hitter Based Hand Tools Market Analysis, By Application, 2019 - 2027
6.3.1 Comparative Analysis
6.4 North America Hitter Based Hand Tools Market Analysis, By Region, 2019 - 2027
126.96.36.199 U.S. Hitter Based Hand Tools Market Analysis, By Type, 2019 - 2027
188.8.131.52 U.S. Hitter Based Hand Tools Market Analysis, By Application, 2019 - 2027
184.108.40.206 Canada Hitter Based Hand Tools Market Analysis, By Type, 2019 - 2027
220.127.116.11 Canada Hitter Based Hand Tools Market Analysis, By Application, 2019 - 2027
Chapter 7 Europe Hitter Based Hand Tools Market Analysis
Chapter 8 Asia Pacific Hitter Based Hand Tools Market Analysis
Chapter 9 Rest of the World (RoW) Hitter Based Hand Tools Market Analysis
Chapter 10 Company Profiles
10.1 Stanley Black & Decker
10.2 Apex Tool Group LLC
10.3 Snap-on Incorporated
10.4 Q.E.P. Co.
10.5 Bushnell Manufacturing
10.6 Estwing Manufacturing Company Incorporated
10.7 The AMES Companies, Inc.
10.8 ABC Hammers, Inc.
10.9 Techtronic Industries Co. Ltd.
10.10 Hardcore Hammers
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