Disclosed is a tool holder for releasingly holding an air tool. The holder comprises a housing comprising at least one horizontal tool track, each of which for slidably receiving the stepped annular spout of the tool therewithin through a track point, the housing adapted to be secured to a vertical surface about the rear thereof, which is perpendicular to the track, and at least one hinge member hingedly secured within the housing such that, the at least one hinge member is angularly movable between an open and a closed position, the at least one hinged member biased towards the closed position. Each of the at least one hinge member comprises at least one blocker, each of which for blocking and unblocking the track point in the closed and open positions respectively.