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Striking Tools Market to Reach $1.7 Billion, Globally, by 2032 at 2.8% CAGR: Allied Market Research

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Major players in the striking tools industry have focused on business expansion and product launch strategies to gain the maximum share in the market. This further results in consolidation of the striking tools market.

WILMINGTON, Del., Aug. 15, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Striking Tools Market by Type (Hammers, Hatchets and Mallets), Application (Household, Commercial and Public), and Distribution Channel (In Store and Online): Global Opportunity Analysis and Industry Forecast, 2024-2032”. According to the report, the striking tools market was valued at $1.3 billion in 2023, and is estimated to reach $1.7 billion by 2032, growing at a CAGR of 2.8% from 2024 to 2032.

 

Prime determinants of growth

The ongoing growth in construction activities, including residential, commercial, and infrastructure projects, is a major driver for the striking tools market. Hammers, sledgehammers, and other striking tools are essential for various construction tasks, from demolition to assembly.

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Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size in 2023

$1.3 billion

Market Size in 2032

$1.7 billion

CAGR

2.8 %

No. of Pages in Report

181

Segments covered

Type, Application and Regions.

Drivers

Rapid industrialization and infrastructure development
Growth in DIY and Home Improvement Trends
 

Opportunities

Increase in renovation and remodeling activities

Restraints

Volatile price of raw materials

 

COVID-19 Scenario

The outbreak of the COVID-19 pandemic had a negative impact on the striking tools market, owing to the temporary closure of manufacturing firms during the lockdown.Not only the production but also the sale of striking tools was hampered due to the closure of manufacturing factories across the world, especially in the initial period of the pandemic.

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The hammers segment dominated the global striking tools market share, in terms of revenue

Based on type, the market is divided into hammers, hatchets, and mallets. The rise in renovation and remodelling activities, particularly in developed regions, fuels the demand for hammers. The hammers tools are essential for tasks such as breaking down walls, removing old fixtures, and installing new ones. There is a growing emphasis on workplace safety and ergonomics. Modern striking tools are designed to reduce user fatigue and injury, making them more appealing to both professional and DIY users. Improved safety features can drive the adoption of new tools in the hammers in global market.

The commercial segment dominated the market in 2023

Based on application, the market is segregated into household, commercial, and public. Rapid economic development in emerging markets leads to increased construction and industrial activities, which in turn boosts the demand for striking tools for commercial sector. These regions are witnessing significant investments in infrastructure and industrial projects. Striking tools in commercial sectors are also used in military and defense applications for construction, maintenance, and emergency situations. Government spending on defense infrastructure contributes to the market growth.

 The Asia-Pacific dominates the market share in terms of revenue in 2023

The striking tools market is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA. In 2023, Asia-Pacific accounted for more than one third of market share, and it is expected to grow at a significant CAGR throughout the forecast period. China holds the maximum share in the striking tools industry in the Asia-Pacific region. Improved distribution channels, including e-commerce platforms, have made striking tools more accessible to a broader audience. The convenience of online shopping and availability of a wide range of products drive market demand.

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Leading Market Players: –

Infar Industrial Co., LtdFiskarsPowerbuilt ToolsBon Tool, Coulee HardwareGraingerAshbel Merrel LeonardGenius Tools USACS UnitecLuna Tools.

The report provides a detailed analysis of these key players in the striking tools market. These players have adopted different strategies such as new product launches, expansion, and acquisitions to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

 We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Yaber Achieves 100% YOY Sales Growth during Black Friday and Gears Up for CES 2025

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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.

Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.

This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.

Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.

About Yaber

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

SOURCE Yaber Technologies Co., Ltd

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Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities

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DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.

With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.

Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.

Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:

Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.

“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”

Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

 

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SOURCE Bybit

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Youth Square “YS School Cultural Festival 2024” Winter Edition

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Exhibition of Three Major Popular Anime, with Over Forty Youth Performers and Local Creative Units
Helping Young People Unleash Their Potential

HONG KONG, Dec. 27, 2024 /PRNewswire/ — The theme of this year’s youthfest@HK is “Nurture Positive Thinking”, “Promote Innovation” and “Inspire Creativity”. As one of the highlights of the festival, “YS School Cultural Festival 2024” adopts the theme “Plus Ultra: Beyond PB Limits”, encouraging young people to push their own limits in every opportunity and challenge, striving to achieve new personal best. “YS School Cultural Festival 2024” comprises the Summer and Winter edition, offering a multitude of diverse and enriching experiences to participants. Following the summer’s excitement from the Paris Olympics, “YS School Cultural Festival 2024” brought everyone thrilling basketball competitions and various sports experiences. The Winter edition kicked off on December 9 at Youth Square, featuring a series of exciting programmes for young people to share and exchange their passion and insights on anime, cosplay, and idol groups.

One of the highlight events of “YS School Cultural Festival 2024” Winter Edition is “Doujin Fan Fest 2024”, which was held on December 14–15, 2024, at the Y Theatre, 2/F, Youth Square. This two-day anime extravaganza brought together over 20 popular idol and cosplay groups and performers to showcase their talents and energy. Additionally, more than 20 local groups showcased their incredible creativity in the Market, offering a wide array of originally-created items and idols and anime related products. “Doujin Fan Fest 2024” also offered numerous workshops, including Hanfu makeup and styling experiences, cosplay wig styling and hair accessory design, providing participants with hands-on opportunities to explore their interest and potential.

“Doujin Fan Fest 2024” Empowers Youth to Showcase Talents and Unlock Potential

Participants of “Doujin Fan Fest 2024” shared that they gained a lot from the event, with many describing it as a highly rewarding experience. Popular idol Una expressed that the vibrant atmosphere of the festival made a lasting impression on her. She praised that the event provided her a platform to showcase her individuality and share her passion for stage performances and singing with fellow enthusiasts. Meanwhile, Bibi, the instructor of the Cosplay Wig Styling Workshop, revealed that this was her first time hosting a workshop. She was inspired by the strong eagerness to learn displayed by the participants, which led her to consider developing advanced courses or creating tutorial videos. Her goal was to provide and share more learning resources about Cosplay wig styling.

Promoting Chinese Culture through the “Hanfu Makeup and Styling Experience Workshop”

Another key highlight of ” Doujin Fan Fest 2024″ was the “Hanfu Makeup and Styling Experience Workshop”, where participants learned Hanfu makeup techniques, classic bun hairstyles, and even had the chance to try on Hanfu outfits to create their own personalized looks. The workshop was highly popular among youngsters.

The workshop instructor, Bing-gan, emphasized the importance of promoting Hanfu culture, explaining that it helps young people deepen their understanding of Chinese history and the cultural significance behind Hanfu. For example, the central seam of the garment symbolizes the Confucian concept of the “Doctrine of the Mean,” carrying profound meaning. Bing-gan stated, “I hope students can use Hanfu as a gateway to explore Chinese culture, including its history, philosophy, aesthetics and experience the richness of Chinese heritage.” One of the participants, Joyce, shared her excitement, “this workshop taught me advanced makeup techniques and Hanfu hairstyle designs that are rarely offered elsewhere. I also learned that Hanfu comes in so many styles and has such diverse and beautiful designs!”

Another highlight of the “YS School Cultural Festival 2024” Winter Edition is “Ani-com Fantasy 2024”. It features the “Anime Exhibition” at the Y Exhibition Platform, 1/F, Youth Square, as well as in the public space on the 5th and 6th floors. The exhibition showcases instagrammable “check-in” hotspots on three popular anime, “Haikyuu!!”, “Kuroko’s Basketball” and “Mashle: Magic and Muscles”. An interactive basketball game area allows participants to become basketball players and showcase their shooting skills. Additionally, on December 13, 2024, a free anime screening was held, allowing anime fans to revisit classic films “Haikyuu!! The Movie: Talent and Feelings” and “Haikyuu!! The Movie: Battle of Concepts”, indulging themselves in the world of anime.

Please download high resolution photos here.

Youth Square

Youth Square is a government venue and a youth development initiative launched by the Home and Youth Affairs Bureau. Facilities include the 643-seat Y Theatre, Y Studio, Y Platform, multipurpose area, office, retail shop and the Y Loft which has 148 guest rooms. Youth Square aims to be the hub of territory-wide youth development activities for youth to develop their potential. Youth Square has been conducting events under various themes, including music, dance, arts and culture.

6G model is Youth Square’s guiding principle. 6G refers to Groom, Growth, Glow, Green, Global Vision and Give Back. 

Official website: http://www.youthsquare.hk

Y Loft

Y Loft is conveniently located, 3-minute walk from Chai Wan MTR Station. The 148-room Y Loft is located in Youth Square’s Main Block and Hostel Block. Room selection includes Twin, Twin Room with Balcony, Triple, House of Six, Duplex and Accessible Rooms. Accessible Rooms, with widened corridor and more space, are designed to deliver the same comfort and peace of mind to visitors with disabilities.

View original content:https://www.prnewswire.com/apac/news-releases/youth-square-ys-school-cultural-festival-2024-winter-edition-302339589.html

SOURCE Youth Square, Y Loft, New World Facilities Management Company Limited

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