Global Rotary Hammer Drill Market is valued approximately at USD 1.52 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2021-2027. Rotary hammer drills are used for doweling to repetitive drilling of large anchor holes, concrete and masonry walls, it ensures quick drilling. The global Rotary Hammer Drill market is being driven by surge in the infrastructural developments around the world. For instance, as per World Economic Forum (WEF) report 2017, China spent 8.3% of country’s GDP in infrastructure projects followed by 5.6% in India, also 4.4% in Australia and others. The other driving factor for the market is the increase in the introduction of new products due to high adoption of technologically advanced products. For instance, in June 2020, Milwaukee Tool launched new various tools including MX4 SDS Drill Bits, SHOCKWAVE Multi-Material Drill Bits, and Hammer Drill Bits. Furthermore, increasing demand for power tools to ease the drilling process, the growing adoption of electronic products, and reducing labor costs will provide new opportunities for the global Rotary Hammer Drill industry. However, high costs of maintenance may impede market growth over the forecast period of 2021-2027.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are analyzed for the regional analysis of the global Rotary Hammer Drill Market. North America is the leading region across the world in terms of market share owing to rising demand for luxury home d?cor products and high labor cost in the region. Whereas Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to growing construction activities, rising demand for the growth of the home equipment industry and rising disposable income in the region.
Major market player included in this report are:
Robert Bosch Tool Corporation
Stanley Black and Decker, Inc.
Indo-Spark Construction Services
Techtronic Industries Co. Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Hypermarkets & Retail Chains
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Rotary Hammer Drill Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers