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Striking Tools Market Trends

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

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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.

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.