Tool Hammer Market
SHARE
PUBLISHED: 2022 ID: SMRC22203
SHARE

Tool Hammer Market Forecasts to 2028 - Global Analysis By Type (Club Hammer, Sledge Hammer and Other Types), By Price (Low, Medium and High), By Hammer Material (Bronze, Brass, Steel and Other Hammer Materials), By Handle Material (Hickory Wood, Fiber Glass, Solid Steel and Other Handle Materials), By Application (Chipping & Cutting, Nailing and Other Applications), By End User (Residential, Commercial and Industrial) and Geography

5.0 (40 reviews)
5.0 (40 reviews)
Published: 2022 ID: SMRC22203

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $3.74 BN

Projected Year Value (2028)

US $5.55 BN

CAGR (2022 - 2028)

6.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Tool Hammer Market is accounted for $3.74 billion in 2022 and is expected to reach $5.55 billion by 2028 growing at a CAGR of 6.8% during the forecast period. A hammer is a hand tool with a weighted "head" attached to a long handle that is usually used to hammer metal or drive nails into wood. There are various applications for hammers, including shaping, breaking, and non-destructive striking. Top hammer drilling equipment is widely used in traditional fields including carpentry, blacksmithing, and warfare, as well as percussive music. The hammer has a separate head and handle that can be joined using a wedge made specifically for this purpose and secured with glue or welding.

According to the Germany Trade and Invest (GTAI) agency, the German aerospace industry generated revenues of over $30.38 billion in 2020 and is one of the best performing industries in the country.


Market Dynamics:


Driver:

Increase in Application of Tool Hammers in Various Industries to Fuel Market

Tool hammers are in high demand due to the constant expansion of various businesses in different countries. In the construction, semiconductor, and woodworking industries, it is anticipated that an increase in urbanisation and industrialization will accelerate the demand for tool hammers. There is a substantial demand for hammers in industries like mining, construction, woodworking, and automotive. Additionally, specialised hammers are promoted by manufacturers. The tool hammer is a crucial element in various applications owing to innovative improvements and a variety of alternatives. During the projected period, this is anticipated to boost the market share of tool hammers.

Restraint:

Lack of Power and Efficiency

Hand tools lack the electricity's automatic power supply, because manual operation is required for hand tools, a consistent application of force might not be feasible. It takes a significant amount of time to use hand tools, thereby hampering the market growth. Additionally, by using a power tool rather than a ratchet to fasten each nut, this might secure lug nuts to hold a wheel in place as well as helps in saving time.

Opportunity:

Growth in Do-It-Yourself (DIY) Applications

The market for tool hammers is expanding as interest in do-it-yourself applications increases. The global industrial landscape includes automation as a vital element. The amount of work performed in the industrial landscape has increased as a result of the use of automatic hammer machines. As a result, there is a high market demand for automatic hammers. Another element influencing the tool hammer market is high production efficiency. Furthermore, to make tool hammers secure for users, leading manufacturers are spending money on research and development. For long-term use and easy grip, Klein Tools, Inc, produces customised hammers with cushion grips.

Threat:

Capability and Effort

Power tools can complete complicated and challenging operations that hand tools cannot. Using hand tools can be tiring. Utilizing small, tight, or difficult spaces, performing repetitive motions, or applying force continuously all impose strain on the body. Moreover, the majority of hand tools come with ergonomic features and comfortable materials, they can still worn down the body over time and result in hand and arm health complications.

Covid-19 Impact:

The economic impacts of COVID-19 are significant, and the manufacturing industry had challenges in the first post-pandemic quarter. The shutdown of manufacturing operations, as well as numerous penalties for cross-border trade of non-essential products, could have resulted in a significant decrease in supply. Unexpected industrial activity shutdowns, which suspended all professional metalworking and woodworking, reduced a certain proportion of the global market.

The claw hammer segment is expected to be the largest during the forecast period

When compared to other product types like sledge hammers and ball-peen hammers, claw hammers are relatively affordable. During the forecast period, claw hammers are expected to be largest. They have a circular head for driving nails, and the claw end is useful for prying, splitting wood, tearing drywall, and other small demolition tasks. These hammers could be used in woodworking applications.

The steel segment is expected to have the highest CAGR during the forecast period

For hammers, steel is the hardest material. In order to make it harder, it is heated. In the forthcoming years, it is projected that the automotive industry's increased need for steel tool hammers will propel the worldwide tool hammer market growth. Furthermore, building construction industry uses steel hammers the most, followed by the electric power industry.

Region with largest share:

Due to the expansion of infrastructure projects in the region's developing countries, Asia Pacific is anticipated to dominate the worldwide tool hammer market during the forecast period. Furthermore, rapid urbanisation and a rise in DIY trends among urban residents drive the market in the region. The increasing demand for industrial and professional tools in the region is rising. Additionally, the industry is experiencing a rise in local manufacturers, resulting in a level of competition that is promoting market expansion.

Region with highest CAGR:

Owing to the wide use of tool hammers in the region's manufacturing, welding, construction, mining, woodworking, and furniture-making industries, the North America region is expected to have the highest CAGR. Additionally, due to the rising demand for environmentally friendly products, the automobile industry in North America produces the largest number of electric cars globally. Furthermore, automotive sensors in North America are expanding, which will drive up demand for precision part assembly in this market during the projection period.


Key players in the market

Some of the key players in Tool Hammer market include Faithfull Tools, Ampco Safety Tools, Henry Cheney, Douglas Tool, Estwing Manufacturing Company, Vaughan Manufacturing, Hardcore Hammers, Ken-Tool, ABC Hammers, Inc., NC Black Co., LLC, Klein Tools, Inc, Stanley Black & Decker and Picard

Key Developments:

In October 2021, GreatStar Tools USA, a leading manufacturer of hand tools serving DIY, professionals, and industrial markets worldwide, acquired SK Professional Tools, a leading provider of high-quality hand tools for professionals across a variety of industries, most notably the automotive industry.

In December 2020, Techtronic industries Co. Ltd. expanded its business in West Bend, Wisconsin, the U.S., with a new manufacturing plant to meet the increasing customer demand.

Types Covered:
• Club Hammer
• Sledge Hammer
• Ball Peen Hammer
• Claw Hammer
• Scutch Hammer
• Other Types

Prices Covered:
• Low
• Medium
• High

Hammer Materials Covered:
• Bronze
• Brass
• Steel
• Other Hammer Materials

Handle Materials Covered:
• Hickory Wood
• Fiber Glass
• Solid Steel
• Other Handle Materials

Applications Covered:
• Chipping & Cutting
• Nailing
• Bricks
• Punching and Riveting
• Demolition
• Scientific Expedition
• Rescue
• Other Applications

End Users Covered:
• Residential
• Commercial
• Industrial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Tool Hammer Market, By Type
5.1 Introduction
5.2 Club Hammer
5.3 Sledge Hammer
5.4 Ball Peen Hammer
5.5 Claw Hammer
5.6 Scutch Hammer
5.7 Other Types

6 Global Tool Hammer Market, By Price
6.1 Introduction
6.2 Low
6.3 Medium
6.4 High

7 Global Tool Hammer Market, By Hammer Material
7.1 Introduction
7.2 Bronze
7.3 Brass
7.4 Steel
7.5 Other Hammer Materials

8 Global Tool Hammer Market, By Handle Material
8.1 Introduction
8.2 Hickory Wood
8.3 Fiber Glass
8.4 Solid Steel
8.5 Other Handle Materials

9 Global Tool Hammer Market, By Application
9.1 Introduction
9.2 Chipping & Cutting
9.3 Nailing
9.4 Bricks
9.5 Punching and Riveting
9.6 Demolition
9.7 Scientific Expedition
9.8 Rescue
9.9 Other Applications

10 Global Tool Hammer Market, By End User
10.1 Introduction
10.2 Residential
10.3 Commercial
10.4 Industrial
10.4.1 Construction
10.4.2 Mining
10.4.3 Woodworking & Furniture
10.4.4 Manufacturing
10.4.5 Welding & Fabrication
10.4.6 Other Industrials

11 Global Tool Hammer Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Faithfull Tools
13.2 Ampco Safety Tools
13.3 Henry Cheney
13.4 Douglas Tool
13.5 Estwing Manufacturing Company
13.6 Vaughan Manufacturing
13.7 Hardcore Hammers
13.8 Ken-Tool
13.9 ABC Hammers, Inc.
13.10 NC Black Co., LLC
13.11 Klein Tools, Inc
13.12 Stanley Black & Decker
13.13 Picard

List of Tables
1 Global Tool Hammer Market Outlook, By Region (2020-2028) ($MN)
2 Global Tool Hammer Market Outlook, By Type (2020-2028) ($MN)
3 Global Tool Hammer Market Outlook, By Club Hammer (2020-2028) ($MN)
4 Global Tool Hammer Market Outlook, By Sledge Hammer (2020-2028) ($MN)
5 Global Tool Hammer Market Outlook, By Ball Peen Hammer (2020-2028) ($MN)
6 Global Tool Hammer Market Outlook, By Claw Hammer (2020-2028) ($MN)
7 Global Tool Hammer Market Outlook, By Scutch Hammer (2020-2028) ($MN)
8 Global Tool Hammer Market Outlook, By Other Types (2020-2028) ($MN)
9 Global Tool Hammer Market Outlook, By Price (2020-2028) ($MN)
10 Global Tool Hammer Market Outlook, By Low (2020-2028) ($MN)
11 Global Tool Hammer Market Outlook, By Medium (2020-2028) ($MN)
12 Global Tool Hammer Market Outlook, By High (2020-2028) ($MN)
13 Global Tool Hammer Market Outlook, By Hammer Material (2020-2028) ($MN)
14 Global Tool Hammer Market Outlook, By Bronze (2020-2028) ($MN)
15 Global Tool Hammer Market Outlook, By Brass (2020-2028) ($MN)
16 Global Tool Hammer Market Outlook, By Steel (2020-2028) ($MN)
17 Global Tool Hammer Market Outlook, By Other Hammer Materials (2020-2028) ($MN)
18 Global Tool Hammer Market Outlook, By Handle Material (2020-2028) ($MN)
19 Global Tool Hammer Market Outlook, By Hickory Wood (2020-2028) ($MN)
20 Global Tool Hammer Market Outlook, By Fiber Glass (2020-2028) ($MN)
21 Global Tool Hammer Market Outlook, By Solid Steel (2020-2028) ($MN)
22 Global Tool Hammer Market Outlook, By Other Handle Materials (2020-2028) ($MN)
23 Global Tool Hammer Market Outlook, By Application (2020-2028) ($MN)
24 Global Tool Hammer Market Outlook, By Chipping & Cutting (2020-2028) ($MN)
25 Global Tool Hammer Market Outlook, By Nailing (2020-2028) ($MN)
26 Global Tool Hammer Market Outlook, By Bricks (2020-2028) ($MN)
27 Global Tool Hammer Market Outlook, By Punching and Riveting (2020-2028) ($MN)
28 Global Tool Hammer Market Outlook, By Demolition (2020-2028) ($MN)
29 Global Tool Hammer Market Outlook, By Scientific Expedition (2020-2028) ($MN)
30 Global Tool Hammer Market Outlook, By Rescue (2020-2028) ($MN)
31 Global Tool Hammer Market Outlook, By Other Applications (2020-2028) ($MN)
32 Global Tool Hammer Market Outlook, By End User (2020-2028) ($MN)
33 Global Tool Hammer Market Outlook, By Residential (2020-2028) ($MN)
34 Global Tool Hammer Market Outlook, By Commercial (2020-2028) ($MN)
35 Global Tool Hammer Market Outlook, By Industrial (2020-2028) ($MN)
36 Global Tool Hammer Market Outlook, By Construction (2020-2028) ($MN)
37 Global Tool Hammer Market Outlook, By Mining (2020-2028) ($MN)
38 Global Tool Hammer Market Outlook, By Woodworking & Furniture (2020-2028) ($MN)
39 Global Tool Hammer Market Outlook, By Manufacturing (2020-2028) ($MN)
40 Global Tool Hammer Market Outlook, By Welding & Fabrication (2020-2028) ($MN)
41 Global Tool Hammer Market Outlook, By Other Industrials (2020-2028) ($MN)

Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.



 

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials