Global Rotary Hammer Drill Market Size By Product (Wired and Wireless), By Application (Residential and Commercial), By Distribution Channel (Online and Offline), By Geography Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Rotary Hammer Drill Market Size By Product (Wired and Wireless), By Application (Residential and Commercial), By Distribution Channel (Online and Offline), By Geography Scope And Forecast

Rotary Hammer Drill Market Size And Forecast

Rotary Hammer Drill Market size is valued at USD 1.63 Billion in the year 2022 and it is expected to reach USD 2.21 Billion in 2030 at a CAGR of 3.84% over the forecast period of 2023 to 2030.

Growth is expected to be driven by the product’s growing appeal as a power tool machinery for household chiseling and drilling tasks. Furthermore, the rapid expansion of the construction sector in developing economies such as China, India, and the Philippines as a result of supportive government policies aimed at infrastructure development and urbanization is projected to play a significant role in driving Rotary Hammer Drill customer demand from commercial as well as residential markets. The Global Rotary Hammer Drill Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Rotary Hammer Drill Market Definition

A Rotary Hammer Drill is an electrical tool that combines rotary motion with hammering action from the drill bit. To finish the drilling action, the rotating drill cuts the material as if it were a regular drill, while the rapid vibrating blows in the direction of drilling forces pulverize the material in front of it.

Furthermore, this drill allows the drill bit to move within its chunk for improved performance. In addition, the pulsating action of the drill bit distinguishes it from conventional drilling machines. Rotary hammers have significantly more impact power than hammer drills. They are far more substantial and are the professional’s favored tool. A further important benefit is that most rotary hammers have three settingsdrill mode, hammer drill, and just hammer, which enables them to function as mini jackhammer.

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Global Rotary Hammer Drill Market Overview

Rotary hammers, additionally referred to as Rotary Hammer Drills, are electronic tools that transform electrical energy into the air pressure, which is then applied to the piston in the hammer to produce a pounding force to drill through masonry while using very little energy. They can be corded or cordless and are used in various industries including construction, decoration, metalworking, manufacturing, professional or personal use, and others. One of the major factors driving the market growth is the increasing use of these Rotary Hammer Drills in the construction sector around the world. Furthermore, the growing use of power tools and advanced construction equipment by various end-users, as well as the growing Do-It-Yourself trend among multiple individuals and homeowners, is driving up demand for Rotary Hammer Drills.

However, the high costs of purchasing and maintaining these devices, as well as a scarcity of professionally trained individuals for their use, may stymie market growth during the forecast period. The rising popularity of lightweight hammer drills has accelerated the adoption of products with advanced technology, particularly among the middle class. These products can drill by self-rotating and making a backward and forward movement. This motion is used in pneumatic, electric, or electro-pneumatic systems. Furthermore, rising consumer awareness of the benefits of purchasing hammer drills in terms of saving time, energy, and long-term labor costs is driving product demand. Customers opt for Rotary Hammer Drills over traditional tools because they generate powerful force that is capable of chiseling and breaking concrete, stone, tiles, brick, and other similar surfaces.

Pneumatic rotary hammers aid in the compression of air, which is used to execute the drilling movement. The introduction of convenient and advanced wireless drills is expected to fuel product demand in the coming years. Long-term market growth opportunities are created by factors such as high levels of infrastructure development and urbanization as a result of favorable government policies and regulations. On the other hand, the difficulties in handling and using professional-grade products pose a significant challenge to the market.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Rotary Hammer Drill Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Rotary Hammer Drill Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Rotary Hammer Drill Market Segmentation Analysis

The Global Rotary Hammer Drill Market is Segmented on the basis of Product, Application, Distribution Channel, And Geography.

Rotary Hammer Drill Market, By Product

  • Wired
  • Wireless

Based on Product, the market is split into Wired and Wireless. In 2021, the wired Rotary Hammer Drill segment held the largest market share. Because of its ability to drill quickly at high voltage, the product is primarily used in the residential and commercial sectors. Continuous drilling with no speed variations is required for commercial applications. Battery power can cause speed fluctuations, whereas AC/DC power and runtime can be increased. Companies provide multi-level speed transmissions that can optimize the applied speed for various applications. The first speed, for example, is ideal for self-feed bits and hole saws. The second-speed setting is best for drilling large holes in wood with auger bits or screw driving.

Rotary Hammer Drill Market, By Application

  • Residential
  • Commercial

Based on Application, the market is split into Residential and Commercial. During the forecast period, the commercial segment generated the greatest market share. The increasing use of Rotary Hammer Drills in electrical and electronics stores, carpenter centers, workshops, and manufacturing units, among other places, is expected to drive growth. Increasing demand for services that have substantial overload capacity, long carbon brush life, and effective cooling because of integrated slots. The residential application market is expected to grow. Rotary Hammer Drills with automated, programmed smart features adjust drilling speed as needed. Consumer preference for wireless products is expected to drive segment growth in the coming years, owing to the convenience of lightweight and comfortable grips.

Rotary Hammer Drill Market, By Distribution Channel

  • Online
  • Offline

Based on the Distribution Channel, the market is split into Online and Offline. In 2021, the offline distribution channel was the largest. A high preference for purchasing Rotary Hammer Drills and other such equipment from local convenience stores due to easy after-service support is expected to bode well for segment growth. Furthermore, because they require a wide range of power tools and accessories, the manufacturing industries, corporate companies, and government organizations prefer direct partnerships with manufacturers.

Rotary Hammer Drill Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Based on Geography, the global Rotary Hammer Drill Market is classified into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. In 2021, North America had the largest Rotary Hammer Drill Market share. Rising consumer awareness of luxury home décor products with aesthetic appeal is expected to continue to be a positive factor for market growth in the United States and Canada. The need for lightweight Rotary Hammer Drills for small household drilling needs is expected to be driven by labor costs.

Key Players

The “Global Rotary Hammer Drill Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Bosch Power Tools, Makita Corporation, Hilti Group, DEWALT, Milwaukee Tool, Metabo Corporation, Hitachi Power Tools, RIDGID, Festool Group, Würth Group, Panasonic Corporation, SKIL Power Tools, TTI Group, Black & Decker, Dongcheng Power Tools, and others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Bosch Power Tools, Makita Corporation, Hilti Group, DEWALT, Milwaukee Tool, Metabo Corporation, Hitachi Power Tools, RIDGID, Festool Group, Würth Group, Panasonic Corporation, SKIL Power Tools, TTI Group, Black & Decker, Dongcheng Power Tools, and others.

SEGMENTS COVERED

By Product, By Application, By Distribution Channel, And By Geography.

CUSTOMIZATION SCOPE

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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