Increase in Construction Activities Expected to Drive World Rotary Hammer Drill Market over the Forecast Period: Ken Research
A rotary hammer drill is a power tool, which perform heavy-duty tasks for instance drilling and chiseling hard materials, commonly known as rotary hammer. It has a piston, which enables the pounding action. It is extensively adopted in numerous sectors such as manufacturing, construction, metal working, decoration, professional or personal use and others. It is usually handheld-type, corded & cordless, i.e. battery powered. It is suitable for overhead drilling and provide better impact energy as compared to normal hammer drills. The key properties are included durable, superior strength and great shock absorbing qualities.
According to study, “World Rotary Hammer Drill Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world rotary hammer drill market are Robert Bosch GmbH, Hilti, Stanley Black & Decker, Inc., Makita, Techtronic Industries Co. Ltd. (TTI), Milwaukee Tool, Wurth, TOYA S.A., Metabo, Hitachi Power Tools, DEWALT, Yato Tools (Shanghai) Co., Ltd. The profitability of individual companies depends on their ability to offer accurately, secure contracts, and control costs. Large companies appreciate economies of scale in financing and ability to offer a wide range of services in many locations. Smaller companies can compete efficiently by specializing in certain services or focusing on a certain geography.
Based on product type, rotary hammer drill market is segmented into corded rotary hammer drill and cordless rotary hammer drill. Corded rotary hammer drill segment is further sub-segmented into single mode corded, double mode corded and triple mode corded. Based on distribution channel, market is segmented into offline channel and online channel. Offline distribution channel holds major share owing to high preference for local convenience stores. Online distribution channel is estimated to witness lucrative growth due to rise in number of e-commerce portals offering discounted prices and increase in services such as easy product replacement & doorstep delivery during the anticipated period. In addition, based on application, market is segmented into household application, construction industry, and decoration industry.
The rotary hammer drill market is driven by increase in construction activities, followed by rise in technology advanced products, expand in automotive industries, supportive government policies, increase in application in electrical & electronics shops, workshops, carpenter centers, & manufacturing unit, rise in consumer awareness regarding luxury home decor products with aesthetic appeal, increase in disposable income of middle class population and growth in awareness regarding the benefits of purchasing hammer drills in saving energy, time, and long term labor expenses. However, high cost of product may impact the market. Moreover, increase in innovations such as power cell technology is a key opportunity for market.
Based on geography, USA country holds major share in rotary hammer drill market owing presence of local as well as global manufacturers and rise in interest towards Do-It-Yourself (DIY) equipment in the country. China country is expected to witness higher growth rate due to low cost raw materials & economic labor and presence of numerous local rotary hammer manufacturers over the forecast period. It is anticipated that the market will be reached at fast pace on account of increase in popularity of the product as a power tool equipment for household chiseling & drilling tasks during the forecast period.
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Ankur Gupta, Head Marketing & Communications