About Masonry Tools
Over the past couple of decades, industrialization and land development have been increased robustly across the globe, which has ultimately increased the demand for construction tools and heavy equipment. In addition to this, masonry tools provide uniform designs and less material requirement. Moreover, it simplifies the construction procedures. Masonry tools include a number of equipment such as masonry trowels, masonry chisels, masonry jointers, masonry miscellaneous and others. Also, the inclusion of masonry tools has increased automation in construction procedures.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.The Manufacturers having a strong hold in the market are Bon Tool Co., Lowe's Companies, Marshalltown Company, Arizona Masonry Guild, and Kraft Tool Company. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Masonry Tools 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.
Bon Tool Co. (United States), Lowe's Companies, Inc. (United States), Marshalltown Company (United States), Arizona Masonry Guild Inc (United States), Kraft Tool Company (United States, Irwin Industrial Tools (United States), San Antonio Masonry (United States), John Stortz & Son Inc. (United States), W. Rose (United States) and Everhard Industries Pty Ltd (Australia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Proppa Tools Pty Ltd. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Masonry Tools market by Type (Masonry Trowels, Masonry Chisels, Masonry Jointers, Masonry Miscellaneous and Other), Application (Professional Construction and Amateur Use) and Region.
On the basis of geography, the market of Masonry Tools 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. Direct Sales will boost the Masonry Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
Bon Tool Co. has completed its acquisition of the operating assets of Plank-Ti, Inc. of Waynesboro, VA. This acquisition includes the tooling and equipment required to manufacture the popular Plank-Ti banding product, which is used to protect and salvage scaffold planks. Bon has offered the Plank-Ti product line for more than 20 years, and will continue to offer the Plank-Ti for 10” and 12".
In May 2019, Bon Tool Co's offering of contractor-grade hand tools has been expanded with a line of forged steel masonry trowels marketed under the label Keystone Forged Masonry Trowels by Bon. The blade and shank of the new trowels are precision forged from a single piece of specially formulated carbon steel, making them consistently strong throughout. The production of this trowel sets a new performance standard for masons. Unlike trowels which are welded, the forging process of Bon’s Keystone ForgedTM Trowels eliminates any internal voids in the blade.
The purpose of S. 374, the Concrete Masonry Products Research,, Education, and Promotion Act of 2017, is to enable concrete masonry products manufacturers to establish, finance, and carry out, a ‘‘check-off’’ program, a coordinated program of research, education, and promotion to improve, maintain and develop markets and for concrete masonry products.
Market Drivers
- Growing Industrialization and Increasing Demand for Efficient Building Tools
- Continues Technological Developments in Producing Masonry Tools
Opportunities
- Masonry is a Non-Flammable Product and has the ability to Protect Occupants and other Valuable Things
- Use of Bricks, Concrete Blocks, and many others improve Thermal Mass of Production Site
Restraints
- Lack of Awareness and Stagnate Construction Development from Under Developed Economies
- Higher Initial Investments for Constructing Masonry Tools
Challenges
- Increasing Distribution and Labor Cost across the Globe
- Atmospheric Challenges Regarding Initial Construction Phase
Key Target Audience
Masonry Tools Manufacturers, Masonry Tools Distributors and Traders, Masonry Tools Upstream and Downstream Buyers, Construction Equipment OEMs, Government Agencies, Construction and Building Material Industry Associations 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.