Power Hammer Market Estimated to Witness Healthy CAGR During the Forecast Period

Posted by Arslan on August 5th, 2019

Power tools industry is flourishing with their extensive use across industries particularly the automotive and construction industry. With the emergence of technological innovations and development of new power tools, the dominance of power tools in the market translates high demand for power hammer in multiple industries. A wide application of power hammer is found in the industrial open die forging. As the global forging industry thrives across multiple industries especially capital-intensive industries such as automotive, aerospace, factory automation, and defense, demand for Power Hammer Market is likely to grow in the future.

With its application from general to heavy forging purposes, manufacturers deliver demand-specific power hammers with low cost, compact, easy to operate and economical in terms of power consumption. HammerHead Trenchless, a global leader in piercing tools and bursting systems, has recently revealed its first XPR series of pneumatic power hammers for pipe ramming and pipe bursting applications with 26XPR technology. In addition, the power hammer market is marked by industry titans involved in strategic expansion activities. For instance, Baileigh Industrial, Inc., a leading manufacturer of power hammer, has recently acquired Rusch Machine and Design, Inc., of Two Rivers as an expansion strategy to gain grounds in Russia, Asia, Latin America, the South Pacific Rim, and further into Europe.  Based on the aforementioned insights, the power hammer market is expected to grow steadily in the foreseeable future.

Power Hammer Market: Introduction

Power hammer is used for heavy industrial forging by blacksmiths, bladesmiths, metalworkers, and various manufacturers. Power hammer are forging hammer that uses a non-muscular power source in order to raise the hammer and then obtain an accelerated strike on the work piece. Power hammers machines are single blow impact hammers with pneumatic or hydraulic principle of operation providing hard hitting power with complete control of hitting force without any machine adjustment. Power hammer is one of the most common machine required in metal forming and material shaping workshops. Growing industrial sector is expected to fuel the demand for metal forging machines and equipment which in turn is anticipated to drive the demand for power hammer in the upcoming years. Power hammer operates with some of the salient features such as higher efficiency, higher strength, higher strike rate, and high operation and production rate. Owing to such beneficiary features power hammer is estimated to witness significant demand during the forecast period, substantially contributing to the growth of the global power hammer market.

Power hammers are widely used in the metal forging and metal shaping applications for various manufacturing industries. Significantly growing construction industry across the globe is anticipated to be the key factor driving the demand for power hammer during the forecast period. Growing urbanization across the developing countries of Asia Pacific and Latin America is expected to boost the demand for metal forging tools and equipment which in turns is expected to add to the growth of power hammer market in the near future. Rising infrastructural development, coupled with conversion of rural areas into metro cities across the globe is another factor adding to the growth of power hammer market. Furthermore, increasing adoption of power hammer in metal fabrication in growing industries such as automotive, marine etc. is expected to fuel the demand for power hammer creating significant growth opportunities for the manufacturers in power hammer market.

Requirement of well trained personnel for safe operations is one of the key factor to restrain the demand of power hammer which in turn is anticipated to influence the growth of power hammer market across the globe.

Power Hammer Market: Regional Outlook

Noteworthy growth observed in the construction industry coupled with the demand for infrastructure development is estimated to spur the demand for metal forging tools and equipment in countries such as China, India, and ASEAN etc. Growing industrial sectors across various countries in Europe region is expected to propel the demand for metal fabrication and metal stamping equipment which in turn is expected to boost the demand for power hammer adding to the growth of power hammer market during the forecast period. Developing countries in Latin America and Middle East and Africa is expected to witness significant demand owing to growing automotive and other manufacturing industries in the near future.

Power Hammer Market: Key Participants

Examples of some of the market participants identified across the value chain of the global power hammer market include Prada Nargesa, Baileigh Industrial, Inc. Power Hammer, Blacksmith Tools Centre PERUN, Anyang Hammers, The Bharat Engineering Metal Works

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