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

Description

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.

Chapter 1. Global Striking Tools Market Executive Summary

1.1. Global Striking Tools Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.3.3. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Striking Tools Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Striking Tools Market Dynamics

3.1. Market Drivers
- 3.1.1. Growth of construction and infrastructure projects
- 3.1.2. Increasing popularity of DIY projects and home improvement
- 3.1.3. Expansion of industrial manufacturing and maintenance activities
3.2. Market Challenges
- 3.2.1. Availability of low-cost substitutes
- 3.2.2. Fluctuating raw material prices
3.3. Market Opportunities
- 3.3.1. Technological advancements in tool manufacturing
- 3.3.2. Growing trend of urbanization and industrialization
- 3.3.3. Expansion of online distribution channels

Chapter 4. Global Striking Tools Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Striking Tools Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Striking Tools Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hammers
- 5.2.2. Hatchets
- 5.2.3. Mallets

Chapter 6. Global Striking Tools Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Striking Tools Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Household
- 6.2.2. Commercial
- 6.2.3. Public

Chapter 7. Global Striking Tools Market Size & Forecasts by Distribution Channel 2022-2032

7.1. Segment Dashboard
7.2. Global Striking Tools Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. In Store
- 7.2.2. Online

Chapter 8. Global Striking Tools Market Size & Forecasts by Region 2022-2032

8.1. North America Striking Tools Market
- 8.1.1. U.S. Striking Tools Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Distribution Channel breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Striking Tools Market
8.2. Europe Striking Tools Market
- 8.2.1. U.K. Striking Tools Market
- 8.2.2. Germany Striking Tools Market
- 8.2.3. France Striking Tools Market
- 8.2.4. Spain Striking Tools Market
- 8.2.5. Italy Striking Tools Market
- 8.2.6. Rest of Europe Striking Tools Market
8.3. Asia-Pacific Striking Tools Market
- 8.3.1. China Striking Tools Market
- 8.3.2. India Striking Tools Market
- 8.3.3. Japan Striking Tools Market
- 8.3.4. Australia Striking Tools Market
- 8.3.5. South Korea Striking Tools Market
- 8.3.6. Rest of Asia Pacific Striking Tools Market
8.4. Latin America Striking Tools Market
- 8.4.1. Brazil Striking Tools Market
- 8.4.2. Mexico Striking Tools Market
- 8.4.3. Rest of Latin America Striking Tools Market
8.5. Middle East & Africa Striking Tools Market
- 8.5.1. Saudi Arabia Striking Tools Market
- 8.5.2. South Africa Striking Tools Market
- 8.5.3. Rest of Middle East & Africa Striking Tools Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Infar Industrial Co., Ltd
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Luna Tools
- 9.3.3. Powerbuilt Tools
- 9.3.4. Ashbel Merrel Leonard
- 9.3.5. Fiskars
- 9.3.6. Coulee Hardware
- 9.3.7. CS Unitec
- 9.3.8. Grainger
- 9.3.9. Bon Tool
- 9.3.10. Genius Tools USA

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes