Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,923.10 Million | USD 2,951.40 million | 7.40% | 2021 |
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.
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.
Report Attributes | Report Details |
---|---|
Report Name | Hydraulic Hammer Market Size Report |
Market Size in 2021 | USD 1,923.10 Million |
Market Forecast in 2028 | USD 2,951.40 million |
Growth Rate | CAGR of 7.40% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Sandvik Mining and Construction, Atlas Copco (Krupp), Montabert (Joy Global), Furukawa, Soosan, NPK, Toku, EVERDIGM (Hanwoo), MSB, MKB(KONAN) |
Segments Covered | By Type, By Application, and By Region |
Base Year | 2021 |
Historical Year | 2012 to 2017 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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.
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.
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.
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.
The product, sales channel, end-user, and region are the segments that divide the global hydraulic hammer market.
Based on product, 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.
Based on sales channel, According to the sales channel, the market is divided into in-store and online segments.
Based on end-user, 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.
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.
The global general aviation market is led by players like:
Hydraulic Hammer Market is segmented as follows:
By Product Type
By End-user
By Sales Channel
By Region
FrequentlyAsked Questions
Rise in infrastructure and mining industry are few of the key factors influencing hydraulic hammer market growth.
The hydraulic hammer market 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.
North America is expected to dominate the hydraulic hammer market in 2021. 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.
Key players functioning in the hydraulic hammer market include Sandvik Mining and Construction, Atlas Copco (Krupp), Montabert (Joy Global), Furukawa, Soosan, NPK, Toku, EVERDIGM (Hanwoo), MSB, MKB(KONAN)
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