Rotary Hammers Market Key Players, Product and Production Information analysis a
Posted by Fred Williams on July 9th, 2021
A rotary hammer is a tool used for drilling holes, particularly for concrete or other tough materials. Depending on the type of job, the rotary part moves the hammer around in a circular motion that allows a user to drill or dig holes into a particular surface. The advantage of a rotary hammer is that it is equipped with a piston mechanism, unlike the special clutch in a regular hammer drill that gives more powerful hammer actions. A rotary hammer is generally used for demolition of tough surfaces, drilling holes, placing pins and anchor bolts.
The global rotary hammer market is expected to be driven by the growth in the construction industry worldwide. Global construction industry is expected to grow by US$ 8 Tn by 2030 which will mostly be driven by the U.S., China, and India. Moreover, the construction industry in India is expected to grow at a record pace till the next decade. Indian Government schemes like Smart City Mission and Atal Mission for Rejuvenation and Urban Transport have helped boost the Indian construction industry. Furthermore, rising popularity of “Do It Yourself” (DIY) concept has helped in growing the global presence of rotary hammer market. Developing countries especially in Asia Pacific and Middle East regions have well accepted this concept which has resulted in the growth of rotary hammer market. Moreover, home improvement industry has contributed a major role in expansion of rotary hammer market especially in European countries and Middle East countries such as U.A.E., Oman, and Saudi Arabia. These countries are focusing on precious antiques and high end living and lifestyle products due to which requirement of rotary hammers and other utility tools have increased. Meanwhile, China is expected to be a promising market both for production and consumption. Increase in disposables income in developing countries has favored rise of this industry. E-commerce sites have played a major role in focusing on a wide variety of home décor solutions to customers, thereby helping many small and medium business enterprises. These factors are expected to drive the rotary hammer market with a positive high impact.
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However, higher cost of rotary hammers due to its multi functionality is a challenge. Maintenance cost also is a challenge that restricts the number of players in the market. Furthermore, rotary hammers are generally used by professionals for heavy works which restricts its usage by individuals. Professional rotary hammers are larger in size and heavier which makes it cumbersome. Emergence of local players in developing countries of Asia Pacific and the Middle East can prove to be an opportunity that will help in lowering the pricing of rotary hammers. Companies can also come up with more designs that can be used by individuals for light work. One of the key trends in the rotary hammer market is development of more powerful hammers embedded with countless features in it. Makita has come up with HR4001C which it predicts to be the most advanced and feature rich hammer.
Global rotary hammer market is segmented based on product, application, and geography. Based on product, global rotary hammer market can be segmented as Corded Rotary Hammer Drill and Cordless Rotary Hammer Drill. Furthermore, on the basis of application global rotary hammer market can be sub segmented as construction industry, household application and decoration industry. On the basis of geography, global rotary hammer market can be segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.
Some of the prominent players in the rotary hammer market include Robert Bosch GmbH (Germany), Hitachi Ltd. (Japan), Black & Decker Corporation (U.S.A.), Ryobi Ltd (Japan), Makita Corporation (Japan), Metabo AG (Germany), Panasonic Corporation (Japan), Milwaukee Electric Tool Cop. (U.S.A), Worx (China), JCB Excavators Ltd. (U.K.) etc.
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About the AuthorFred Williams
Joined: May 7th, 2020
Articles Posted: 371
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