Hydraulic Hammer Market Size, Share, Trends, Growth and Forecast 2028

Industry Perspective:

The global hydraulic hammer market size was worth around USD 1,923.10 million in 2021 and is estimated to grow to about USD 2,951.40 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.40% over the forecast period. The report analyzes the hydraulic hammer market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the hydraulic hammer market.

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Hydraulic Hammer Market: Overview

An excavator's hydraulic hammer is a potent percussion hammer used to smash through rocks or concrete. It is controlled by the excavator's auxiliary hydraulic system, which has a foot-operated valve installed. Additionally, hydraulic hammers are used for demolition projects, works too big for jackhammers, or places where blasting is unsafe because of environmental concerns. Hammers are sometimes referred to as breakers, peckers, hoe rams, or hoe rammers by construction and demolition personnel.

Hydraulic hammers, also known as hydraulic breakers, are powerful demolition weapons that have the power to topple huge boulders or concrete structures. They are powered by an additional hydraulic system and can be mounted to excavators. Such a strong force is applied to the required surface by the auxiliary hydraulic system, which consists of a cylinder, a piston, and hydraulic oil. Due to their extremely durable design and small size, hydraulic hammers are also commonly used in the mining and construction industries. Also, hydraulic hammers are more useful when blasting is deemed unsafe due to potentially hazardous environmental circumstances.

The hydraulic hammer of an excavator is a strong percussive hammer used to break through concrete or rocks. It is managed by the excavator's auxiliary hydraulic system, equipped with a foot-operated valve. Hydraulic hammers are also employed in demolition projects, large-scale construction projects, and locations where blasting is unsafe due to environmental issues.

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COVID-19 Impact:

After the World Health Organization (WHO) proclaimed the COVID-19 pandemic in early March 2020, nations were required to institute lockdowns and adhere to stringent social segregation laws, which caused markets to close and the global economic growth curve to flatten. On the other hand, there has been a significant loss in the global economy due to the tremendous supply and demand chain disruption.

Additionally, plant closures in Asia, North America, and Europe in the second quarter of 2020 impacted hydraulic hammer production, impacting the global hydraulic hammer market. Operations resumed in the fourth quarter of 2020 as Covid-19 incidences decreased in some regions. However, the new Covid-19 strain, initially identified in the UK, is spreading considerably more quickly than anticipated, which may further necessitate the imposition of strategic lockdowns by the regulatory agencies in the impacted areas.

Additionally, governments approve vaccines following phase 3 studies and have begun vaccination programs to prevent COVID-19. Regulators have permitted manufacturing sectors to continue output while balancing the supply chain. Additionally, adherence to COVID-19 recommendations and alternate worker rotation can aid the global hydraulic hammer market's robust recovery by the second quarter of 2021.

Key Insights

• As per the analysis shared by our research analyst, the global hydraulic hammer market value will grow at a CAGR of 7.40% over the forecast period. 
• In terms of revenue, the global hydraulic hammer market size was valued at around USD 1923.10 million in 2021 and is projected to reach USD 2,951.40 million by 2028. 
• A rise in infrastructure and mining industry across the globe are the major factors driving the market's growth.
• The medium-duty hydraulic hammer category dominated the market by product type in 2021.
• North America dominated the global hydraulic hammer market in 2021.

Report Scope:

Hydraulic Hammer Market: Growth Drivers

A rise in infrastructure and mining industry likely to pave the way for global market growth 

The growth of the infrastructure and building industries is a major factor propelling the worldwide hydraulic hammer market. The global hydraulic hammer market is also anticipated to be driven by increased demand for maximum productivity in the shortest amount of time and at the lowest possible cost. The  market is expected to grow for the forecast period due to the enormous productivity, dependability, low maintenance requirements, automatic lubrication, ease of maintenance, and low noise emission levels of hydraulic breakers.

Hydraulic Hammer Market: Restraints

A lack of skilled personnel may hamper the global market growth

The global hydraulic breaker market is anticipated to see restraint soon due to a shortage of experienced workers, a lack of downstream support, and the high cost of hydraulic breaker machines.

Hydraulic Hammer Market: Opportunities

The growing mining industry and municipal engineering bring up several growth opportunities.

The hydraulic hammer market is anticipated to grow considerably in the upcoming years due to the expanding mining industry and municipal engineering.

Hydraulic Hammer Market: Challenges

Lack of awareness to act as a challenge in the growth

The hydraulic hammer industry is also anticipated to be hampered by a lack of knowledge regarding efficient operation.

Hydraulic Hammer Market: Segmentation

The product, sales channel, end-user, and region are the segments that divide the global hydraulic hammer market. 

Light duty hydraulic hammers, medium duty hydraulic hammers, and high duty hydraulic hammers are the three product-based market segments. Due to their increased use in end-use applications, the medium-duty hydraulic hammer is predicted to dominate the market.

According to the sales channel, the market is divided into in-store and online segments.

The market sectors based on end users are the building, municipal engineering, mining, and metallurgical industries. In mining, hydraulic breakers are employed. The purpose of hydraulic breakers is to reduce the size of the coal bits for easier transportation while also producing a quick and strong impact. Oil or water may be used by the hydraulic breaker to boost its speed and power. Because oil does not need time to build up pressure before releasing force, so it has been proven more effective than water.

Hydraulic Hammer Market: Regional Landscape

North America dominated the hydraulic hammer market in 2021

North America is the continent that hydraulic hammer producers find most alluring. The three major markets in this sector are the United States, Canada, and Mexico, all of which will experience growth during the projected period due to increased investments in and construction of new infrastructure around the world. Countries like Brazil, Chile, and Argentina also offer appealing opportunities for market players because of their high economic potential and expanding end-user demand across many industries, including the building and mining sectors. As in the case of Colombia, which will expand throughout the projected period due to a sizeable local labor population that can be employed for manufacturing if sufficient funds are invested in the required infrastructure, such as stronger ports or transportation facilities. Pneumatic hammers lead the market for hydraulic breakers in the Asia Pacific region, followed by handheld devices mostly used in China because of improved price and more product knowledge among customers who prioritize cost-effectiveness in their purchasing decisions. Taiwan and Japan are the most enticing markets in this region because of their developing economies and increased infrastructural investments, among other factors.

Hydraulic Hammer Market: Competitive Landscape

• Sandvik Mining and Construction
• Atlas Copco (Krupp)
• Montabert (Joy Global)
• Furukawa
• Soosan
• NPK
• Toku
• EVERDIGM (Hanwoo)
• MSB
• MKB(KONAN)

Hydraulic Hammer Market is segmented as follows:

By Product Type

• Heavy Duty hydraulic hammer
• Medium Duty hydraulic hammer
• Light Duty hydraulic hammer

By End-user

• Mining Industry
• Construction Industry
• Municipal Engineering
• Metallurgy Industry

By Sales Channel

• In Store
• Online

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa