About Hammer Drill
Hammer Drill is a type of power drill which is primarily used to drill holes in hard surfaces. They use a percussive impact mechanism to drill a hole into the surface. Hammer drills are available both in cordless and corded offerings, with cordless market of hammer drill expected to surge due to more convenience and higher efficiency. Different Bits can also be attached to the hammer drill for different set of applications and different surfaces. Hammer Drill market is expected to grow with increasing investments in building and construction as well as decoration spending. Geographically, Asia Pacific is expected to emerge as the biggest market of hammer drill over the coming decade.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Robert Bosch GmbH (Germany), Stanley Black and Decker, Inc. (United States), Hilti Corporation (Liechtenstein), Makita Corporation (Japan), Metabo HPT (United States), Techtronic Industries Co. Ltd (China), TOYA S.A. (Poland), Würth Group (Germany), Apex Tool Group (United States) and Ingersoll rand (Ireland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Atlas Copco (Sweden), Snap-on Inc. (United States) and Khaitan Power Tools (India).
Segmentation Overview
AMA Research has segmented the market of Global Hammer Drill market by Type (Corded Hammer Drill and Cordless Hammer Drill), Application (Construction, Decoration and Household) and Region.
On the basis of geography, the market of Hammer Drill 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. Online {E-Commerce Stores} will boost the Hammer Drill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Bits, the sub-segment i.e. SDS Drill Bits will boost the Hammer Drill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cordless Hammer Drills are increasing in Popularity
Market Growth Drivers:
Surge in Construction and Building and Increasing Investments in Restoration and Decoration
Challenges:
Emergence of Cheap Chinese Alternatives to Global Brands
Restraints:
Competition from Other Drill Machine Types
Opportunities:
Emerging Markets of Asia Pacific and Africa offer Excellent Opportunities because of Rapid Industrialisation and Urbanisation
Market Leaders and their expansionary development strategies
In 2019, Makita Corporation, one of the market leaders in power tools segment announced acquisition of Amadera Pneumatics Co., Ltd., specialist in manufacturing of air compressors. Makita looks to expand its offerings and its portfolio in pneumatic tools with the completion of this acquisition.
In 2021, Hitachi Koki Co., Ltd., a Japanese multinational power tools manufacturer has announced launch of its new rotary hammer drill known as DH18DPA. The tool is cordless and compact with less weight and size. Although delivering ultra-strong performance.
Key Target Audience
Hammer Drill Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.