Market Highlights: A shovel is a tool used to dig, lift, and move bulk materials like soil, coal, gravel, snow, and sand. Shovels are mostly hand tools with a broad blade attached to a medium-length handle. Shovel blades are typically made of sheet steel or hard plastics and are very strong. Typically, shovel handles are made of wood. The folding shovel also serves as a pick, which can be used to crack ice or remove rocks. This tool is ideal for use in any vehicle due to its compact and space-saving design. It can also be used to construct sandcastles and dig trenches at the beach. The market study is being classified by Type (60 cm, 48 cm, 42 cm and Others), by Application (Military and Civilian) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Folding Shovel are Schrade (United States), Gerber (United States), SOG (United States), Glock (Australia), Cold Steel (United States), FiveJoy (Australia), Columbia River Knife & Tool (United States), Decathlon (France) and BS ROLLEN GMBH (Germany).
The Distribution channel, such as Online, is boosting the Folding Shovel market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights Gerber Technology has acquired five of its own companies, including two in the last five years. The company's largest disclosed sale occurred, when it sold Gerber Coburn ophthalmic lens processing business unit to Coburn Technologies for USD 21 million. Gerber Technology has been acquired in four different US states and two different countries. Electrical equipment (20%) and information technology (20%) are the most targeted sectors for the company (20%). In Aug 2021, Gerber Company introduce foldable and sensor detected shovel in the market and it automatically measures the sand quantity in that jar part. A foldable sensor shovel with compositional sensors is made up of a bucket with various inward-looking sensors positioned throughout it.
Key Questions Answered in the Report What will the Folding Shovel Market size and the growth rate be in Future? What are the key factors driving the Folding Shovel Market? What are the key market trends and macro-economic impacting the growth of the Folding Shovel Market? What are the challenges to market growth? Who are the key vendors in the Folding Shovel Market? What are the market opportunities and threats faced by the vendors in the Folding Shovel Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Folding Shovel Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Folding Shovel market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Folding Shovel market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Folding Shovel Manufactures, Folding Shovel Producers, Folding Shovel Retailers, Investors, Suppliers and Government Associations. This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.