Striking Tools Market - By Product Type, By Material, By Price, By End User, By Distribution Channel and Forecast, 2024 - 2032

Striking Tools Market Size

The global striking tools market was valued at USD 1.5 billion in 2023 and is estimated to grow at a CAGR of over 4.3% from 2024 to 2032.
 

The global market for striking tools is set to grow significantly, driven by rising DIY and home improvement projects, booming construction and infrastructure, expanding automotive and aerospace industries, technological advancements, and increased maintenance, repair, and overhaul (MRO) activities. Millennials and Gen Z are fueling demand for striking tools through DIY projects and home improvements. Investments in basic hand tools for household repairs and renovations are on the rise. Rapid urbanization, industrialization, and population growth are boosting construction projects, increasing the need for tools like hammers, mallets, and chisels.
 

Furthermore, advanced striking tools, which are lighter, more durable, and ergonomically designed, are driving market growth. Innovations such as vibration-reducing technology, anti-slip grips, and multifunctional tools attract both consumers and professionals. As industries like energy, utilities, and machinery manufacturing expand, the need for MRO activities grows, further increasing demand for striking tools. Additionally, these tools are used in outdoor sports, woodworking, landscaping, and outdoor furniture assembly, with the rising popularity of outdoor activities contributing to demand in specific market segments. 
 

Striking Tools Market Trends

Emerging trends like changing consumer preferences, technological innovations, and industrial demands are shaping the striking tools industry. There is a growing demand for ergonomically designed tools to reduce user fatigue and enhance comfort. Features such as cushioned handles, vibration dampening, and balanced designs are popular among professionals in construction, automotive, and industrial sectors. Additionally, multifunctional tools, like hammers with interchangeable heads or combined hammer and bar tools, are gaining popularity. These versatile tools save space and reduce the need to carry multiple instruments.
 

Furthermore, manufacturers are using advanced materials like carbon fibre, high-strength alloys, and specialized composites to improve the durability and performance of striking tools. These materials make tools lighter and stronger, appealing to both professionals and DIY enthusiasts. The market is also seeing the integration of smart technology in hand tools. Some tools feature sensors that track usage patterns or alert users about maintenance needs, particularly in high-end tools used in industrial and professional settings.
 

Striking Tools Market Analysis

The striking tools industry is growing but faces challenges such as raw material price volatility, competition from power tools, counterfeit products, and technological disruptions. Striking tools, made from materials like steel, aluminium, rubber, and plastic, are affected by price fluctuations. Global supply chain issues, trade tensions, and material scarcity can increase production costs and reduce profit margins.
 

Additionally, the rise of power tools, such as pneumatic hammers, electric drills, and power wrenches, threatens the demand for manual striking tools. Power tools are faster and more efficient, especially in industrial and construction applications, leading to a decline in traditional hand tool use. Counterfeit and low-quality striking tools are a significant concern. These inferior products damage the reputation of established brands and discourage consumers from buying hand tools. The increase in unbranded, low-cost alternatives also reduces the overall market value.
 

Based on product type, the market can be segmented into hammers, picks and axes, mallets, chisels and punches, diggers and others. The hammers segment accounted for revenue of around USD 600 million in the year 2023 and is estimated to grow at a CAGR of around 4.8% from 2024 to 2032. Advanced hammers feature ergonomic handles to reduce fatigue, vibrations, and injury risks. In construction and woodworking, rubberized grips and shock-absorbing features are popular. Multi-purpose hammers with adjustable heads or interchangeable parts offer versatility. Lightweight yet durable materials like fiberglass, composite handles, and titanium are common, ensuring ease of use without sacrificing strength.
 

Furthermore, mining, construction, and landscaping industries maintain strong demand for picks and axes. With infrastructure development, tools like rock picks and digging axes are essential for excavation and breaking hard surfaces. Picks and axes are becoming more specialized for tasks like mining, tree felling, or roadwork. Tools with improved advanced and reinforced heads are trending, especially in tough environments.
 

Based on the end user, the striking tools market is categorized as DIY and homeowners, professionals and industrial. The professionals segment held around 44% of the total market share in 2023 and is anticipated to grow at a CAGR of 4.7% from 2024 to 2032. Professionals often use striking tools for long hours. Ergonomic designs that reduce hand strain and anti-vibration features are in demand. Tools with rubberized, non-slip grips and shock-absorbing handles are preferred for their comfort and injury prevention. This trend boosts efficiency and precision in their work.
 

On the other hand, the rise in DIY home improvement projects, especially among millennials and Gen Z, is driving demand for striking tools. Homeowners use these tools for home repairs, furniture building, gardening, and small renovations. The increased availability of striking tools in stores and online makes them more accessible. Brands are investing in e-commerce to offer convenience and better pricing.  
 

In terms of the country, the U.S. dominates with an overall North America striking tools market and valued at USD 380 million in 2023 and is estimated to grow at a CAGR of over 4.5% from 2024 to 2032. The U.S. market is set to grow due to the booming construction and infrastructure sectors, increased DIY and home improvement activities, technological advancements, and rising professional demand.
 

Government initiatives like the Infrastructure Investment and Jobs Act are driving demand for tools used in construction, roadwork, and demolition. The pandemic has also led to a surge in DIY home improvement projects, with homeowners tackling repairs, renovations, landscaping, and furniture building, requiring tools such as hammers, chisels, and mallets. There is a growing trend towards multi-functional striking tools, such as hammers with interchangeable heads, mallets with both rubber and wood surfaces, and chisels with various tips. These tools appeal to both DIY enthusiasts and professionals by saving space and enhancing versatility.
 

North America: In terms of the country, the US dominates with an overall market share of around 79% in North America striking tools market. The U.S. market is set to grow due to the booming construction and infrastructure sectors, increased DIY and home improvement activities, technological advancements, and rising professional demand.
 

On the other hand, Canada striking tools industry expressing notable growth rate of around 4.2% from 2024 to 2032. In Canada, government and private sector investments in infrastructure are boosting demand for striking tools. Urban expansion, new home construction, and commercial real estate growth further drive this need.
 

Europe: Europe market with a market share of around 25% in 2023 and anticipated to grow with a CAGR of around 4.1% from 2024 to 2032. Europe's market is growing due to strong construction and infrastructure development, increased DIY and home improvement activities, the rise of e-commerce, and technological advancements in tools.
 

In terms of country, Germany striking tools industry expressing notable growth rate of around 4.9% from 2024 to 2032. Germany's DIY culture, where home improvement and renovation are popular, is driving demand for striking tools like hammers, mallets, chisels, and axes.
 

Asia Pacific: Asia Pacific striking tools market with a market share of around 29% in 2023 and anticipated to grow with a CAGR of around 4.7% from 2024 to 2032. The Asia Pacific region sees robust growth in striking tools demand, driven by industrialization, construction booms, urbanization, rising DIY activities, technological advancements, and a focus on worker safety.
 

In terms of country, China is dominating the Asia Pacific market in terms of market share of around 32% during the 2023. In China, the DIY trend is gaining momentum among urban consumers. With rising disposable incomes and a growing middle class, activities like furniture assembly, painting, and small repairs are becoming common.
 

Striking Tools Market Share

In 2023, key companies like Crescent Tools, Klein Tools, Gedore, Milwaukee Tool and Estwing held a combined market share of 10%-15%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
 

Manufacturers compete fiercely by innovating and integrating new technologies to enhance tool functionality and durability. Trusted brands like Estwing, DeWalt, and Stanley are preferred by professionals and industrial users. In a fragmented market, manufacturers leverage brand recognition and customer loyalty to stand out.  
 

Striking Tools Market Companies

Major players operating in the striking tools industry are:

• Crescent Tools
• Estwing
• Fiskars
• Gedore
• Husky Tools
• Kendo Tools
• Klein Tools
• Milwaukee Tool
• Peddinghaus
• Proto
• Roughneck Tools
• Snap-on Tools
• Stanley Black & Decker
• Tajima Tools
• Vaughan 
   

Striking Tools Industry News

• In November 2023, Gedore introduced the KL-4600-200 tool trolley for high-voltage tasks. Designed for electric and hybrid vehicles, it enhances safety and efficiency. The trolley includes 103 premium insulated VDW tools and accessories for the automotive sector. It supports repair and maintenance for all hybrid and electric vehicle manufacturers, offering workshops maximum flexibility.
   

This striking tools market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Hammers
• Picks and axes
• Mallets
• Chisels and punches
• Diggers
• Others (tampers etc.)

Market, By Material

• Steel
• Wood
• Fiberglass
• Plastic
• Aluminum
• Others (composite materials etc.)

Market, By Price

• Low
• Medium
• High

Market, By End User

• DIY and homeowners
• Professionals
• Industrial
  • Construction
  • Automotive
  • Manufacturing and metalworking
  • Others (woodworking etc.)    

Market, By Distribution Channel

• Online
  • Company websites 
  • E-commerce
• Offline
  • Supermarkets/hypermarkets
  • Specialty stores
  • Others (home improvement stores etc.)   

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa