About Entrenching Tool
An entrenching tool, E-tool, or a trenching tool is a folding spade that is used by military forces as well by the civilians for a variety of normal purposes. Survivalists, campers, hikers and many other outdoor groups have found it to be vital in-field use. Modern entrenching tools are usually made up of using steel, stainless, aluminum, or other light metals. The rising applications of these entrenching tools have kept the market dynamics alive.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Entrenching Tool is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that North America Manufacturers will contribute the maximum growth to Global Entrenching Tool market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gerber (United States), SOG (United States), Cold Steel Inc (United States), FiveJoy (United States), Columbia River Knife & Tool (United States), Glock (Austria), Decathlon (France), Bosch (Germany), Hilti (Liechtenstein), TTI (United States) and Festool (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ken (India), Dongcheng (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Entrenching Tool market by Type (Folded and Straight), Application (Military and Civilian) and Region.
On the basis of geography, the market of Entrenching Tool has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Entrenching Tool market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel Type will boost the Entrenching Tool market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Lightweight, Durable, and Compact Entrenching Tool for Different Military Forces
Market Growth Drivers:
Increasing Demand for Metals and Energy from Rapidly Expanding Real Estate Sector and Increasing Demand for Precious Stones and Metal from Developing and Developed Industry
Challenges:
Risk of Forging the Castings in the Industry
Restraints:
Availability of Substitutes in the Market
Opportunities:
Increasing Consumption of Metal and Minerals by Asian Countries due to Rapid Urbanization and Continuously Increasing the Demand for Coal and Nuclear Fuel Results in Growing the need for this Equipment
Market Leaders and their expansionary development strategies
In June 2021, Lectra finalizes acquisition of all outstanding shares of Gerber Technology, on a cash-free debt-free basis, for 175 million euros financed through a 140-million-euro loan and the Group's available cash plus 5 million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.
In January 2024, Columbia River Knife & Tool, a brand synonymous with innovation, craftsmanship, and intelligent design, launched its 2024 product collection. A remarkable array of products crafted in partnership with the world’s top designers, CRKT’s 2024 line up continues to demonstrate the brand’s movement toward more premium product offerings and to delivering knives and tools that instill confidence in users no matter the task at hand.
In accordance with the Federal Acquisition Regulation, the Procedures for Evaluation and Solicitation for Commercial Items, the Army posted and notice of a combined synopsis/solicitation for the entrenching tools on the Commerce Business Daily Online on January 4, 1999. The solicitation sought proposals for entrenching tools meeting the following requirements such as capable of operating fully in all terrestrial extremes (jungle, arctic, and temperate environment) in all weather conditions; collapsible (folding or telescopic) with a curved blade capable of being used as a shovel when fully extended and as a pick when locked at a 90-degree angle from the handle.
Key Target Audience
Manufacturers, Distributors/Traders/Wholesalers, Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.