The latest research study “Jackhammer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds 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.
Covid-19 Impact:
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.
Industry Definition and Application:
Jackhammer represents an electro-mechanical tool that is usually used for breaking pavements, concretes, rocks, etc. In line with this, it is a percussive rock drilling equipment generally equipped with a valve, piledriver, and drill bit. Furthermore, some of the commonly available jackhammer variants in the market include electric, hydraulic, pneumatic, etc. As compared to the traditional handheld hammers, it is faster, durable, causes minimal waste generation, requires low maintenance while minimizing effort and grip pressure for the operator, etc. As a result, the jackhammer finds wide-ranging applications in tunneling, well drilling, and mining activities.
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Global Jackhammer Market Trends and Drivers:
The increasing constructional activities of railway tracks, tunnels, flyovers, etc., across several countries, are primarily driving the jackhammer market. Additionally, the growing investments by private and public agencies in infrastructural development projects, including commercial and residential spaces, are further catalyzing the market growth. Besides this, the rising integration of advanced features with jackhammers, such as shock-proof handles, is acting as another significant growth-inducing factor. Moreover, the escalating demand for cost-effective construction solutions and the widespread adoption of technologically advanced equipment as well as production techniques are also positively influencing the global market. Apart from this, extensive R&D activities conducted by the leading manufacturers to develop improved product variants and the inflating levels of industrialization are anticipated to fuel the jackhammer market over the forecasted period.
| Jackhammer Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 437.5 Million |
| Market forecast in 2027 | US$ 610.1 Million |
| Growth Rate | CAGR of 5.40% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Distribution Channel, Application and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | 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. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Pneumatic
- Electric
- Hydraulic
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Specialty Stores
- Others
Breakup by Application:
- Construction
- Mining
- Tunneling
- Well Drilling
By Geography:
- 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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List of Major Key Players:
The major players in the market are 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.
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