PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536720
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536720
Jackhammer Market size was valued at USD 512.5 Million in 2023, expanding at a CAGR of 8.00% from 2024 to 2032.
An electro-mechanical instrument known as a "jackhammer" is typically used to crush rocks, concrete, and pavement. It is a type of percussion rock drill that typically comes with a drill bit, valve, and piledriver. The market is home to several widely accessible jackhammer variations, such as electric, pneumatic, and hydraulic. It takes less grip pressure and effort from the user and is more robust, quick, and low maintenance than conventional handheld hammers. The market's expansion may be ascribed to the rising need for jackhammers across a range of industries, including road and building construction. In addition, the need for jackhammers is being driven by the expanding infrastructure development projects taking place all over the world.
Jackhammer Market- Market Dynamics
Increased Adoption from Construction Industry
The construction industry has experienced substantial growth, which is the main driver of the global market. In addition, growing investments in infrastructure development projects, encompassing both commercial and residential spaces, by both public and private entities are stimulating global market growth. Accordingly, the growing building of flyovers, tunnels, and railroad tracks in many different nations is also boosting market expansion. Furthermore, the industry's ongoing technological developments favorably impact the global market's expansion. Major growth-inducing factors include the widespread integration of improved features, like shock-proof grips, with jackhammers.
Jackhammer Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.00% over the forecast period (2024-2032)
Based on type segmentation, the electric category was predicted to show maximum market share in the year 2023
Based on application segmentation, the construction category was the leading segment in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Jackhammer Market is segmented on the basis of Type, Application, and Region.
The market is divided into the following categories based on type: Pneumatic, Electric, and Hydraulic. The electric category dominates the market. A large steel-based mallet and an electric motor make up the electric jackhammer. Electric jackhammers are useful for driving metal or wooden studs and removing drywall, as well as extracting nail heads from walls. Because pressurized air is used to power the mechanism rather than the exhaust from the machine, it is also known as a power nailer. Additionally, a type of hydraulic hammer used for structural demolition is the pneumatic demolition hammer. It breaks down doors, walls, and other solid objects using compressed air as a power source. Compared to hand hammers, the pneumatic demolition hammer is more powerful at breaking through concrete and won't hurt nearby humans or animals.
The market is divided into the following categories based on application: Construction, Mining, Tunneling, and Well Drilling. The construction category dominates the market and is likely to maintain its dominance during the forecast period. The expansion is ascribed to the growing quantity of business and residential structures being built in a variety of nations, including China,Australia, India, and the United States. Additionally, during the forecast period, rising demand for affordable housing due to consumers' improved disposable income is anticipated to impact market growth positively. Furthermore, rising investments in a number of developing nations, such as China, Brazil, Russia, and India, are probably going to increase spending on infrastructure projects, which will eventually complete this research study cycle by 2030 by further driving up demand for products during worldwide building activities.
Jackhammer Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Over the course of the forecast period, Asia Pacific is anticipated to hold the greatest share of the global market for jackhammers because of the growing urbanization and need for construction equipment in emerging nations like China and India. Moreover, throughout the forecast period, rising government spending on infrastructure-building initiatives is predicted to propel the regional market. Additionally, the region's mining activities have increased due to the demand for minerals and natural resources; jackhammers are essential tools for breaking through rocks and retrieving commodities.
In addition, the jackhammer market is anticipated to expand at the fastest rate in the world during the projected period in North America, driven by the rise in construction projects being undertaken globally. The necessity for efficient and effective demolition tools grows as infrastructure development and urbanization continue to rise. The two main countries driving the expansion of the regional market are the United States and Canada.
The leading companies in the jackhammer industry, including Atlas Copco AB, Einhell Germany AG, Hilti Corporation, INDECO ind S.p.a., and Koki Holdings Co. Ltd., have concentrated on creating new products in order to increase their market share. In addition, in order to survive the fierce competition, many businesses grow by introducing novel items. Additionally, technological advancements in electric jackhammers present market participants with profitable opportunities.
June 2019: The newest product in Indeco's lineup, the HP 100 micro hammer, is the smallest model. It may be mounted on excavators weighing between 0.7 and 0.8 tons, and it weighs 130 pounds.
GLOBAL JACKHAMMER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Atlas Copco AB
Einhell Germany AG
Hilti Corporation
INDECO ind S.p.a.
Koki Holdings Co. Ltd.
Makita Corporation
Robert Bosch GmbH
Stanley Black & Decker Inc.
Techtronic Industries Co. Ltd.
TR Industrial
Others