Global Striking Tools Market Size Study, by Type (Hammers, Hatchets, Mallets), by Application (Household, Commercial, Public), by Distribution Channel (In Store, Online), and Regional Forecasts 2022-2032

Global Striking Tools Market Size Study, by Type (Hammers, Hatchets, Mallets), by Application (Household, Commercial, Public), by Distribution Channel (In Store, Online), and Regional Forecasts 2022-2032

Global Striking Tools Market is valued at approximately USD 1.3 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 2.8% over the forecast period 2024-2032. Striking tools are essential hand tools specifically designed to deliver force to a workpiece or object. These tools, including hammers, mallets, and hatchets, are widely used across various industries such as construction, manufacturing, and home improvement. The striking head, typically made of durable materials like steel or hardened alloys, ensures the tool can withstand repeated impacts without damage. The market is driven by several key factors, including the ongoing growth of construction and infrastructure projects globally. As construction activities expand, there is a rising demand for striking tools necessary for tasks such as framing, roofing, masonry, and finishing work. Moreover, industrial manufacturing and maintenance activities, particularly in sectors like automotive, aerospace, and metalworking, are boosting the need for striking tools for assembly, fabrication, and repair tasks.

Additionally, the increasing popularity of do-it-yourself (DIY) projects and home improvement activities contributes significantly to the market's growth. Homeowners and hobbyists are increasingly purchasing striking tools for woodworking, furniture assembly, and household repairs. Renovation and remodeling projects, both residential and commercial, further drive the demand for these tools as they are essential for demolition, construction, and restoration tasks. However, challenges such as the availability of low-cost substitutes and fluctuating raw material prices may hinder the market's growth. Despite these challenges, the market's expansion is expected to continue, driven by technological advancements, increasing urbanization, and the rising trend of DIY activities.

Key regions considered in the global striking tools market study include Asia-Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominates the market due to the high demand for construction and home improvement projects. Meanwhile, Asia-Pacific, particularly China and India, is expected to witness significant growth due to rapid industrialization and urbanization.

Major market players included in this report are:

Infar Industrial Co., Ltd

Luna Tools

Powerbuilt Tools

Ashbel Merrel Leonard

Fiskars

Coulee Hardware

CS Unitec

Grainger

Bon Tool

Genius Tools USA

The detailed segments and sub-segments of the market are explained below:

By Type:
• Hammers
• Hatchets
• Mallets

By Application:
• Household
• Commercial
• Public

By Distribution Channel:
• In Store
• Online

By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• RoLA
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand-side and supply-side analysis of the market.

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