World - Hammers And Sledge Hammers With Working Part Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected growth of the global metal hammer market from 2022 to 2030, highlighting key consumption trends, market value forecasts, production analysis, and import and export trends. Key players such as China, the United States, and India are identified, with detailed information on their respective shares and growth rates. The article provides a comprehensive overview of the market, offering valuable insights for industry professionals and stakeholders.
Market Forecast
Driven by rising demand for metal hammer worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 257K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Hammers And Sledge Hammers With Working Part Of Metal
In 2022, consumption of hammers and sledge hammers with working part of metal was finally on the rise to reach 240K tons for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, global consumption hit record highs at 253K tons in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
The global metal hammer market value totaled $1B in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $1B in 2012; afterwards, it flattened through to 2022.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (52K tons), the United States (35K tons) and India (16K tons), with a combined 43% share of global consumption. Japan, Russia, Indonesia, Brazil, Germany, Malaysia, Canada, Iran, the UK and Belgium lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Belgium (with a CAGR of +16.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($167M), the United States ($156M) and China ($145M) appeared to be the countries with the highest levels of market value in 2022, together comprising 46% of the global market. India, Germany, Canada, Russia, Brazil, the UK, Belgium, Indonesia, Malaysia and Iran lagged somewhat behind, together comprising a further 25%.
In terms of the main consuming countries, Malaysia, with a CAGR of +15.9%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of metal hammer per capita consumption in 2022 were Belgium (317 kg per 1000 persons), Malaysia (161 kg per 1000 persons) and Canada (120 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +16.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Hammers And Sledge Hammers With Working Part Of Metal
In 2022, global metal hammer production dropped slightly to 230K tons, declining by -2.8% against 2021 figures. Over the period under review, production saw a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, global production reached the peak volume at 272K tons in 2012; however, from 2013 to 2022, production failed to regain momentum.
In value terms, metal hammer production shrank slightly to $1B in 2022 estimated in export price. Overall, production recorded a slight reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. Global production peaked at $1.1B in 2012; however, from 2013 to 2022, production remained at a lower figure.
Production By Country
China (145K tons) remains the largest metal hammer producing country worldwide, comprising approx. 63% of total volume. Moreover, metal hammer production in China exceeded the figures recorded by the second-largest producer, India (21K tons), sevenfold. Japan (11K tons) ranked third in terms of total production with a 4.7% share.
In China, metal hammer production decreased by an average annual rate of -2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-1.1% per year) and Japan (-1.4% per year).
Imports
World Imports of Hammers And Sledge Hammers With Working Part Of Metal
In 2022, overseas purchases of hammers and sledge hammers with working part of metal decreased by -0.3% to 147K tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 147K tons, leveling off in the following year.
In value terms, metal hammer imports reached $577M in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Imports By Country
The United States represented the main importing country with an import of about 32K tons, which resulted at 22% of total imports. It was distantly followed by Indonesia (8.2K tons), generating a 5.6% share of total imports. The following importers - Germany (6.5K tons), Russia (5.7K tons), Malaysia (5.4K tons), Belgium (4.9K tons), Canada (4.7K tons), the UK (3.6K tons), the Netherlands (3.5K tons), Australia (2.7K tons), Taiwan (Chinese) (2.6K tons) and France (2.4K tons) - together made up 29% of total imports.
From 2012 to 2022, average annual rates of growth with regard to metal hammer imports into the United States stood at +9.5%. At the same time, Malaysia (+16.3%), the Netherlands (+11.5%), Belgium (+9.3%), Australia (+4.8%), Taiwan (Chinese) (+4.1%), Germany (+3.2%), Indonesia (+3.1%), the UK (+2.6%), France (+2.5%) and Canada (+2.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +16.3% from 2012-2022. Russia experienced a relatively flat trend pattern. While the share of the United States (+10 p.p.), Malaysia (+2.6 p.p.) and Belgium (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($142M) constitutes the largest market for imported hammers and sledge hammers with working part of metal worldwide, comprising 25% of global imports. The second position in the ranking was taken by Germany ($35M), with a 6.1% share of global imports. It was followed by the Netherlands, with a 4.9% share.
From 2012 to 2022, the average annual growth rate of value in the United States stood at +7.0%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and the Netherlands (+11.3% per year).
Import Prices By Country
The average metal hammer import price stood at $3,935 per ton in 2022, surging by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($8,174 per ton), while Indonesia ($1,717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Hammers And Sledge Hammers With Working Part Of Metal
In 2022, approx. 137K tons of hammers and sledge hammers with working part of metal were exported worldwide; falling by -9.9% on 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. As a result, the exports reached the peak of 152K tons, and then fell in the following year.
In value terms, metal hammer exports amounted to $597M in 2022. The total export value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Exports By Country
China dominates exports structure, resulting at 94K tons, which was near 69% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (6.4K tons), making up a 4.7% share of total exports. Mexico (6K tons), Vietnam (5.3K tons), India (5.2K tons), Germany (2.6K tons), the United Arab Emirates (2.4K tons) and the Netherlands (2.3K tons) followed a long way behind the leaders.
China experienced a relatively flat trend pattern with regard to volume of exports of hammers and sledge hammers with working part of metal. At the same time, Vietnam (+32.4%), the Netherlands (+18.1%), Taiwan (Chinese) (+5.0%), the United Arab Emirates (+4.9%), Mexico (+3.6%) and Germany (+3.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.4% from 2012-2022. India experienced a relatively flat trend pattern. While the share of Vietnam (+3.7 p.p.) and Taiwan (Chinese) (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($325M) remains the largest metal hammer supplier worldwide, comprising 54% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($41M), with a 6.9% share of global exports. It was followed by Germany, with a 5.1% share.
In China, metal hammer exports increased at an average annual rate of +4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.8% per year) and Germany (+4.9% per year).
Export Prices By Country
In 2022, the average metal hammer export price amounted to $4,368 per ton, increasing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($11,557 per ton), while the United Arab Emirates ($1,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global metal hammer market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25733055 - Hammers and sledge hammers with working part of metal
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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