Folding Shovel Market Scope
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | % |
The major key companies like Gerber, SOG, and Glock are contributing their shares in this market to grow their business. As preferred strategies, companies enter the market through mergers and acquisitions, expansions, investments, new service launches, and collaborations. The players are expanding into new geographies through acquisitions and mergers to gain a competitive advantage through combined synergies.
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) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Folding Shovel market by Type , by Application (Military and Civilian) and Region with country level break-up.
On the basis of geography, the market of Folding Shovel has been segmented into 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
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.
Influencing Trend:
Increasing use of Sensor-Based Folding Shovel
Market Growth Drivers:
Technological advancements in foldable shovel tools and Increasing agricultural industry drives the Folding Shovel Market
Challenges:
Stringent rules & regulations
Restraints:
Availability of substitutes in the market
Opportunities:
Increasing shovel manufacturers in Asian countries and Changing consumer demands regarding Folding Shovel tool
Key Target Audience
Folding Shovel Manufactures, Folding Shovel Producers, Folding Shovel Retailers, Investors, Suppliers and Government Associations