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Striking Tools Market Share

Report ID: GMI12529
Published Date: Dec 2024
Report Format: PDF

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Striking Tools Market Share

Striking Tools Market Company Share Analysis, (2023)

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

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for striking tools was valued at USD 1.5 billion in 2023 and is expected to reach USD 2.2 billion by 2032, driven by a CAGR of over 4.3% from 2024 to 2032.

The hammers segment accounted for approximately USD 600 million in revenue in 2023 and is projected to grow at a CAGR of around 4.8% from 2024 to 2032, driven by the demand for ergonomic and multi-purpose hammers.

The U.S. market was valued at USD 380 million in 2023 and is expected to grow at a CAGR of over 4.5% from 2024 to 2032, driven by the booming construction and infrastructure sectors and increased DIY activities.

Major players in the industry include Crescent Tools, Estwing, Fiskars, Gedore, Husky Tools, Kendo Tools, Klein Tools, Milwaukee Tool, Peddinghaus, Proto, Roughneck Tools, Snap-on Tools, Stanley Black & Decker, and Tajima Tools.