According to the latest report by IMARC Group, "Global Jackhammer Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global jackhammer market reached a value of US$ 437.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 610.1 Million by 2027 exhibiting a CAGR of 5.40% during 2022-2027.
Jackhammer represents an electro-mechanical tool that is commonly utilized for breaking pavements, concrete, rocks, etc. It is a percussive rock drilling equipment that is generally equipped with a piledriver, valve, and drill bit. Some widely available jackhammer variants in the market include hydraulic, electric, pneumatic, etc. Compared with traditional handheld hammers, they are more durable, faster, and need low maintenance while reducing the grip pressure and effort for the operator.
Base Year: 2021
Forecast Year: 2022-2027
Jackhammer Market Trends and Drivers:
The expanding construction sector is among the primary factors driving the jackhammer market. In line with this, the increasing investments by private and government bodies in infrastructural development projects, such as commercial and residential spaces, are further propelling the market growth across the globe.
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Moreover, the inflating requirement for railways tracks, tunnels, and flyovers across countries is acting as another significant growth-inducing factor. Apart from this, continuous technological advancements in the construction industry and the integration of advanced features with jackhammers, including shock-proof handles, are also stimulating the global market.
Besides this, the elevating product usage for mining and well drilling activities is bolstering the market growth. Additionally, the rising levels of industrialization and the extensive research and development (R&D) activities conducted by numerous market players to introduce enhanced product variants are anticipated to fuel the jackhammer market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Jackhammer Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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. and TR Industrial.
The report has segmented the market on the basis of region, type, distribution channel and application.
Breakup by Type:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Specialty Stores
Breakup by Application:
- Well Drilling
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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