The market for hitter-based hand tools in the United States is expected to reach US$ 687.1 million by 2028, expanding at a CAGR of 3.3% during the forecast period (2022 – 2028). In light of increased construction and DIY activities in the region, FMI has specifically studied the US market for hitter-based hand tools. Various drivers, trends, restraints, and opportunities that are likely to shape the global hitter-based hand tools market in the coming years have also been examined.
Hitting and striking hand tools, such as hammers, axes, mallets, shovels, and crowbars, are examples of hitter-based hand tools. Growing household demand, combined with an increase in the number of do-it-yourself (DIY) activities, is boosting global sales of hitter-based hand tools. According to a recent study by Future Market Insights (FMI), the hitter-based hand tools market is expected to grow at a moderate rate between 2022 and 2028.
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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.
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.
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U.S. Hitter-Based Hand Tools Market By Category
By Product Type:
- Hammers
- Mallets
- Axes
- Shovels
- Crowbars
By Sales Channel:
- Bulk Distributor Sales
- Retail Sales
- Online Sales
By End-Use Sector:
- Household & DIY
- Construction
- Woodworking & Framing
- Manufacturing & Fitting
- Mining
- Forestry & Agriculture
- Rescue Management
By Region:
- Northeast
- Midwest
- South
- West
