The global rotary hammer drill market size is expected to reach USD 1.81 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.7% during the forecast period. Rising demand for home-based lightweight power tools which can be used in small drilling activities is propelling the product demand. Advanced modified rotor speed helps to drill surface easily in less time.
Wireless
product segment is projected to foresee the fastest CAGR of 5.1% from 2019 to
2025. Factors such as advancements in wireless communication systems and rising
usage of hassle-free, lightweight products are anticipated to fuel the growth.
Availability of advanced products such as Bluetooth connected hammer drill
machines that provide real-time drill data on mobile and laptop is anticipated
to bode well for the segment growth.
Commercial
was the largest application segment and generated a revenue of USD 817.44
million in 2018. Rising usage of rotary hammer drills in workshops, electrical
and electronics units, and manufacturing industry is expected to drive the
growth of the segment. Furthermore, product features such as high overload
capacity, long life of carbon brush, and effective cooling system are
anticipated to fuel the growth.
Online
distribution channel is anticipated to expand at the fastest CAGR during the
forecast period. Some of the key e-commerce companies include Amazon, Flipkart,
and AliExpress. The companies provide various add-on services such as
Cash-on-Delivery (COD) and coupons to boost customer loyalty. Such innovative
strategies are anticipated to drive the segment growth in the forthcoming
years.
Asia
Pacific is estimated to expand at a CAGR of 5.0% from 2019 to 2025. Growing
construction activities coupled with increasing disposable income of middle
class population in countries such as India and China is anticipated to fuel
the regional growth. Rising preference for Do-it-Yourself (DIY) projects in the
household segment is anticipated to further drive the demand for rotary hammer
drills. Rising purchase of these drills for small level household drilling requirements
is expected to promote the regional growth in the forthcoming years.
Some
of the key players operating in the rotary hammer drill market are Robert Bosch
Tool Corporation; Hilti Makita; Stanley Black and Decker, Inc.; Indo-Spark
Construction Services; Porter-Cable; Wurth; TOYA S.A.; Makita; Techtronic
Industries Co. Ltd; and DEWALT. Product innovation is expected to remain the
key competitive strategy for the industry participants over the next eight
years. For instance, in May 2016, Hitachi Power Tools launched high-tech AC
brushless hammer line which is designed to increase durability and reduce
vibration transfer to the user.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/rotary-hammer-drill-market
Further key
findings from the report suggest:
- Wired rotary
hammer drill was valued at USD 1.16 billion in 2018. Low price and easy
availability at offline and online distribution channels is projected to
remain a favorable factor for the growth
- Residential
application is expected to register a CAGR of 4.0% from 2019 to 2025.
Increasing number of residential complexes in emerging economies including
China and India is anticipated to remain a key growth driver
- Offline
distribution channel segment of the rotary hammer drill market was valued
at USD 1.12 billion in 2018
- Asia Pacific
is projected to expand at the fastest CAGR of 5.0% from 2019 to 2025
Grand View Research has
segmented the global rotary hammer drill market report on the basis of product,
application, distribution channel, and region:
Rotary Hammer
Drill Product Outlook (Revenue, USD Million, 2015 - 2025)
- Wired
- Wireless
Rotary Hammer
Drill Application Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
Rotary Hammer
Drill Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Online
- Offline
Rotary Hammer
Drill Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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