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 |
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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