Report Overview
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The global digging tools market size was USD 988.2 million in 2022. As per our research, the market is expected to reach USD 1136.6 million by 2028, exhibiting a CAGR of 2.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the digging tools market growth and demand returning to pre-pandemic levels once the pandemic is over.
There is a tool for every job, including shovels, trowels, and everything in between. The shovel is one of the most used and adaptable digging implements. It is ideal for transporting soil from one location to another because of its wide blade and long handle. The shovel is my go-to tool for planting trees or making a new flower garden. It completes the task fast and is reliable.
The trowel is an additional helpful digging tool. This more compact handheld tool is perfect for fine work like planting bulbs or relocating seedlings. The trowel is a need in my gardening equipment because it is portable and lightweight. The hand trowel is a game-changer for digging around rocks and roots or in small crevices. It is ideal for doing challenging tasks with ease because of its tiny size and sharp blade. The hand trowel never lets me down, whether I'm weeding in between pavers or loosening dirt in a small container garden.
COVID-19 Impact: Lockdown And Social Distancing to Propel the Market Growth
The COVID-19 pandemic has significantly affected many businesses; but this market was an exception. Due to lockdowns and other social isolation measures, people had to spend more time at home, and many took gardening as a hobby. Due to the increase in gardening activity, digging tools, including shovels, spades, and trowels, were in great demand. Gardeners were excited to makeover their outdoor areas and maximize their time at home. With shops struggled to keep up with demand, this market exploded due to the rise in gardening enthusiasm.
Latest Trends
"Introduction Of Lightweight Yet Durable Digging Tools to Boost the Market Expansion"
One of the most recent developments is the creation of digging tools that are both portable and strong. Because they are so lightweight and portable, these tools make digging considerably faster and more pleasurable. The use of cutting-edge technology in these products is another trend. These instruments elevate digging to a new level, from GPS tracking systems to laser-guided precision.
Segmentation
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- By Type
Based on the type, the market can be segmented into round shovels, square shovels, spades, post hole diggers, and other.
Among these, the round shovels are projected to experience rapid growth through 2028.
- By Application
The market can be divided based on application into household and commercial.
The household is expected to hold the most digging tools market share in the upcoming years.
Driving Factors
"Increasing Demand For Construction And Infrastructure Development Projects to Propel Market Expansion"
Several important variables are propelling the explosive expansion of this market. The rising demand for building and infrastructure development projects is one of the main causes. Digging implements like shovels, spades, and pickaxes are necessary when towns grow and new buildings are built. Due to this, sales of digging tools have significantly increased, creating a lucrative market for producers and suppliers.
"Growing Interest In Gardening And Landscaping to Fuel Market Growth"
The rising popularity of gardening and landscaping is another significant driver propelling this market. The need has increased as more individuals take up gardening as a hobby or a career. These tools are essential for any gardener, whether constructing a new flower bed or excavating trenches for irrigation systems. More individuals are becoming aware of the value of having top-notch digging equipment in their toolbox, which is causing the market to experience a continuous growth in sales.
Restraining Factor
"High Cost And The Lack Of Awareness to Hinder The Market Growth"
With innovation and new technology, this market is increasing, and digging is simpler and more effective than ever. However, several limitations still need to be improved to reach its full potential. The high price of digging gear is one of the key contributing reasons. Many people would prefer to spend money on pricey items, especially if they only occasionally use them. There are other factors besides the advantages of employing digging tools. Many people continue to use outdated digging techniques because they need to learn how much time and work the proper equipment may save them.
Regional Insights
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"North America to Dominate Market Due To The Increasing Demand For Construction And Infrastructure Development Projects"
North America to hold the largest digging tools market share. Factors driving the market growth in this region include the increasing demand for construction and infrastructure development projects. The growing interest in gardening and landscaping fuels market expansion.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Razor-Back (U.S.)
- Nupla (U.S.)
- Bully Tools (U.S.)
- Ames (U.S.)
- Hisco (U.S.)
- HDX (Asia Pacific)
- Jackson (U.S.)
- Fiskars (U.S.)
- Joseph Bentley (U.S.)
- Yard Butler (U.S.)
- Rockforge (England)
- Emsco (U.S.)
- True Temper (Japan)
- Root Assassin (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 988.2 Million in 2022 |
Market Size Value By |
US$ 1136.6 Million by 2028 |
Growth Rate |
CAGR of 2.4% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global digging tools market expected to touch by 2028?
The global digging tools market is expected to reach USD 1136.6 million by 2028.
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What CAGR is the global digging tools market expected to exhibit by 2028?
The global digging tools market is expected to exhibit a CAGR of 2.4% by 2028.
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Which are the driving factors of the digging tools market?
The digging tools market driving factors are the increasing demand for construction and infrastructure development projects and growing interest in gardening and landscaping.
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Which are the key players or most dominating companies functioning in the digging tools market?
Razor-Back (U.S.), Nupla (U.S.), Bully Tools (U.S.), Ames (U.S.), and Hisco (U.S.) are some of the top companies in the digging tools market.