Published by mark itwired
Posted on July 30, 2021
Hitter-based hand tools includes hitting and striking hand tools, such as hammers, axes, mallets, shovels and crowbars. Growing demand in households coupled with increasing number of do-it yourself (DIY) activities is augmenting the global sales of hitter based hand tools. As per a recent study by Future Market Insights (FMI), the hitter-based hand tools market is anticipated to grow at a moderate pace over the forecast period of 2018-2028.
The U.S hitter-based hand tools market is estimated to stand at a market valuation of US$ 687.1 Mn by 2028, registering a CAGR of 3.3% during the forecast period (2018 – 2028). FMI has specifically studied the U.S market for hitter-based hand tools, in the wake of increasing construction and DIY activities in the region. Also, various drivers, trends, restraints, and opportunities have been analyzed, that are likely to further shape the global hitter-based hand tools market, in the next ten years.
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7232
A highly Consolidated U.S Hitter-Based Hand Tools Market to Gain from Product Innovation
The market for hitter-based hand tools is highly consolidated and the key players are focusing on acquisitions and expansions to enhance their market share. Additionally, incessant competition between tool manufacturers is likely to restrict the growth of the hand tools market to some extent. Research also suggests that increased automation in production process will displace the market for hitter-based and tools. Future Market Insights predicts that the aforementioned factors may dampen U.S revenue growth of the hitter-based hand tools market in the coming years.
Key players in the U.S hitter-based hand tools market have been channelizing efforts towards strengthening their distribution channels while also focusing on online sales of hand tools by signing agreements with different online portals, as consumers are more likely to buy hitter-based hand tools through online channels, owing to the growing consumer preference towards ecommerce. Manufacturers are also focusing on new product innovation with greater efficiency and easy maintenance qualities. Top manufacturers of hitter-based hand tools in the U.S market are Stanley Black & Decker Inc, Apex Tool Group LLC, Snap-on Incorporated, Vaughan & Bushnell Manufacturing, and Estwing Manufacturing Company, Inc.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-7232
DIY and Landscaping Activities to Boost Hitter-Based Hand Tools Adoption in the U.S
The U.S market has witnessed increased investment in the housing sector that, in turn led to the development of related sectors including infrastructure, transportation, energy, and related maintenance services—all requiring hand tools. Moreover, the demand for landscaping in residential and commercial areas, to provide an aesthetic appeal, has also contributed to the sales of hitter-based hand tools. Overall home improvement and maintenance and gardening activities by people in the U.S, has augmented the adoption of hitter-based hand tools. Leveraging the changing consumer preferences, manufacturers are focusing on providing compact, portable, and cost-efficient tool solutions to household users.
View Report Preview at Hitter Based Hand Tools Market: Household and DIY Application to Generate Significant Incremental Opportunity During the Forecast Period: U.S. Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028: https://www.futuremarketinsights.com/reports/us-hitter-based-hand-tools-market
Across U.S, Shovels are the Most Preferred Hitter-Based Hand Tool
Shovels are anticipated to register robust growth during the second half of the forecast period owing to growing demand for gardening and DIY applications, occupying close to 40% market share. Likewise, higher sales of hammers in the U.S can be attributed to the growing demand for hitter-based hand tools from end-use sectors such as construction, woodworking & framing, manufacturing & fitting, household & DIY and rescue management.
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Machine Tool Touch Probe Market segmentation Probe Type- 3D Touch Probes, 2D Spindle Probes, Tool-length Measuring Probes, Tool Touch-off Probes; Transmission- Infrared, Radio, Hard Wired; Machine Type – CNC Machining Center, VMC, HMC, CNC Turning Center, Others https://www.futuremarketinsights.com/reports/machine-tool-touch-probe-market
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Hitter-based hand tools includes hitting and striking hand tools, such as hammers, axes, mallets, shovels and crowbars. Growing demand in households coupled with increasing number of do-it yourself (DIY) activities is augmenting the global sales of hitter based hand tools. As per a recent study by Future Market Insights (FMI), the hitter-based hand tools market is anticipated to grow at a moderate pace over the forecast period of 2018-2028.
The U.S hitter-based hand tools market is estimated to stand at a market valuation of US$ 687.1 Mn by 2028, registering a CAGR of 3.3% during the forecast period (2018 – 2028). FMI has specifically studied the U.S market for hitter-based hand tools, in the wake of increasing construction and DIY activities in the region. Also, various drivers, trends, restraints, and opportunities have been analyzed, that are likely to further shape the global hitter-based hand tools market, in the next ten years.
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7232
A highly Consolidated U.S Hitter-Based Hand Tools Market to Gain from Product Innovation
The market for hitter-based hand tools is highly consolidated and the key players are focusing on acquisitions and expansions to enhance their market share. Additionally, incessant competition between tool manufacturers is likely to restrict the growth of the hand tools market to some extent. Research also suggests that increased automation in production process will displace the market for hitter-based and tools. Future Market Insights predicts that the aforementioned factors may dampen U.S revenue growth of the hitter-based hand tools market in the coming years.
Key players in the U.S hitter-based hand tools market have been channelizing efforts towards strengthening their distribution channels while also focusing on online sales of hand tools by signing agreements with different online portals, as consumers are more likely to buy hitter-based hand tools through online channels, owing to the growing consumer preference towards ecommerce. Manufacturers are also focusing on new product innovation with greater efficiency and easy maintenance qualities. Top manufacturers of hitter-based hand tools in the U.S market are Stanley Black & Decker Inc, Apex Tool Group LLC, Snap-on Incorporated, Vaughan & Bushnell Manufacturing, and Estwing Manufacturing Company, Inc.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-7232
DIY and Landscaping Activities to Boost Hitter-Based Hand Tools Adoption in the U.S
The U.S market has witnessed increased investment in the housing sector that, in turn led to the development of related sectors including infrastructure, transportation, energy, and related maintenance services—all requiring hand tools. Moreover, the demand for landscaping in residential and commercial areas, to provide an aesthetic appeal, has also contributed to the sales of hitter-based hand tools. Overall home improvement and maintenance and gardening activities by people in the U.S, has augmented the adoption of hitter-based hand tools. Leveraging the changing consumer preferences, manufacturers are focusing on providing compact, portable, and cost-efficient tool solutions to household users.
View Report Preview at Hitter Based Hand Tools Market: Household and DIY Application to Generate Significant Incremental Opportunity During the Forecast Period: U.S. Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028: https://www.futuremarketinsights.com/reports/us-hitter-based-hand-tools-market
Across U.S, Shovels are the Most Preferred Hitter-Based Hand Tool
Shovels are anticipated to register robust growth during the second half of the forecast period owing to growing demand for gardening and DIY applications, occupying close to 40% market share. Likewise, higher sales of hammers in the U.S can be attributed to the growing demand for hitter-based hand tools from end-use sectors such as construction, woodworking & framing, manufacturing & fitting, household & DIY and rescue management.
Browse More: Industrial Automation & Equipment Market Insights
More from FMI’s Industrial Automation & Equipment Market Insights:
Machine Tool Touch Probe Market segmentation Probe Type- 3D Touch Probes, 2D Spindle Probes, Tool-length Measuring Probes, Tool Touch-off Probes; Transmission- Infrared, Radio, Hard Wired; Machine Type – CNC Machining Center, VMC, HMC, CNC Turning Center, Others https://www.futuremarketinsights.com/reports/machine-tool-touch-probe-market
Industrial Hose Assemblies Market Segmentation By Material – Rubber, Plastic, Metal; Product Type – Low Pressure, Medium Pressure, High Pressure; End User – Food & Beverages, Construction & Mining, chemical & Pharmaceuticals, Oil & gas, Automotive, Agriculture, General Manufacturing, Other Industries https://www.futuremarketinsights.com/reports/industrial-hose-assemblies-market
Vibrating Screens Market Segmentation By Product Type – Linear Vibrating Screen, Circular Vibrating Screen, Elliptical Vibrating Screen; Drive Type – Direct Drive, Indirect Drive; End Use – Mining, Construction, Recycling, Others (Wood Processing, Iron & Steel Industry, etc.) https://www.futuremarketinsights.com/reports/vibrating-screens-market
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