Jackhammer Market to Reach $634.6 Mn, Globally, by 2028 at 5.1% CAGR | IMARC Group
The latest report published by IMARC Group, titled “Jackhammer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Overview:
The global jackhammer market size reached US$ 465.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 634.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
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A jackhammer, also known as a pneumatic drill or demolition hammer, is a percussive rock-drilling tool utilized for breaking or demolishing pavement, rock, and concrete. Some of the commonly available jackhammers include electric, hydraulic, and pneumatic. It is an electro-mechanical tool equipped with a vertical cylinder body, which is a pressure chamber for compressed air that triggers the valve, piledriver, and drill bit. The bit or chisel strikes the below surface and causes the rock or concrete to fracture. Compared to traditional handheld hammers, it is faster, more durable, requires low maintenance, and minimizes grip pressure and effort for seamless operations. As a result, jackhammers are widely used in construction, firefighting, exploration, quarrying, mining, and tunneling.
The market is primarily driven by the increasing construction activities due to rapid urbanization and the rising global population. In addition, the developing railways, tunnels, tracks, and flyovers across numerous countries are also contributing to the market growth. Moreover, the increasing investments by public and private sectors in infrastructural development projects, such as residential and commercial spaces, are accelerating product demand across the global market.
Besides this, several technological advancements in drilling activities and the incorporation of advanced features with jackhammers, such as shock-proof handles, represent another significant growth-inducing factor. Along with this, governments across the globe are taking several initiatives to promote construction activities to develop transport infrastructure, which is providing a thrust to market growth. Furthermore, the rapid industrialization and extensive research and development (R&D) activities conducted by leading players to launch improved product variants are propelling the market growth.
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Global Jackhammer Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
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 type, distribution channel, application and region.
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
Breakup 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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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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