Hammer Drills Market Segmented By Wired and Wireless Product type in Residential, Commercial, Industrial Sector with Online and Offline Distribution Channel
Report ID: PMRREP32372
Report Type: Ongoing
Format: PPT*, PDF, EXCEL
Industry: Industrial Automation
Hammer drills are power equipment tools used to perform drilling operations of hard materials for various applications. It is popularly known as impact drill or percussion drill. A hammer drill provides extra power in the form of a hammering action.
The energy or force of the hammer drill is applied directly to the bit of the equipment. The impact mechanism imparts a rapid progression of short hammer thrusts to crush the material to be drilled. Hammer drills enables uses for providing quicker drilling with less efforts.
Hammer drill machine comprises of set of drill bits, power supply cable, tool handler and others. Hammer drill is predominately used in DIY (Do it yourself) projects for drilling. It is extensively used by the contractors and professionals to install electric boxes and other fixtures to brick and block walls, it’s also used by plumbing contractors to provide water supply connections in residential, commercial and industrial sectors.
Hammer drills possess cam-action mechanism, in which multiple or dual pairs of toothed gears mechanically interconnect with one another to hammer while rotating the drill. Hammer drills have a specially designed clutch that allows to strike it in and out, and spins the drill bit. Hammer drills are increasing significantly across end use application and there is higher demand for cordless technology hammer drills.
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The hammer drills are extensively used across various end use sectors and has been witnessing a significant demand from the applications in the residential and commercial sectors. Hammer drills are not typically used for construction drilling, but rather for occasional drilling of holes into concrete, stone or masonry.
It enables to perform drilling operations easily in residential and commercial applications. The growth of hammer drills can be also attributed with the inception of cordless hammer drills. The future scope of applications for hammer drills are expected to arise from various end-use industries across the globe.
The hammer drills are extensively available for customers across various platforms. Manufacturers are offering their tools and equipment’s through online and offline sales. It enables users to choose their own choice with desired size, brand, price range and others.
The primary restraints for the growth of hammer drills market is from availability of alternate drilling equipment’s and conventional drilling methods which are gaining traction owing to the fact that the equipment operating required skills and also proving to be cost-effective solutions.
Moreover, low level awareness of hammer drills coupled with high equipment costs for hammer drills is also been responsible in preventing a robust penetration rate of the equipment in the consumer market.
However, the demand still being in its intermediate stages of growth, the hammer drill equipment market growth is optimistic and to achieve an amplified footprint in all regional markets spanning a wide array of end use verticals, such as residential, commercial, and industrial sectors in the upcoming years. This objective is also being addressed via continued cost-effective product innovation and development by the manufacturers of hammer drills.
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Get a Customized VersionThe Hammer Drills market can be segmented based on product type, by application, and distribution channel.
Based on the Product Type, the prominent segments of Hammer Drills are identified as:
Based on the Application, the prominent segments of Hammer Drills are identified as:
Based on the Distribution Channel, the prominent segments of Hammer Drills are identified as:
COVID-19 pandemic has affected all industry verticals resulting in subdued capital investments, retardation of production rate and supply to end procurers. The hammer drills industry is no exception to this effect and is understood to undertake a significant dent in the planned growth rate in the current fiscal year.
With regards to the growth trend specific to hammer drills market, a downturn in growth is expected to have been observed in the 3 quarters of ongoing fiscal. The recovery of hammer drills towards threshold growth rate is expected to incur over next 4-6 quarters which is critically dependent on end user sentiment for new sales and procurement provided the supporting rules and policies by the regional governments.
In terms of end use sectors, or applications, commercial and residential segments are considered to be the major contributor to demand generation and subsequent growth of the supporting market.
The supporting reason is from the fact that average advanced hammer drills are employed across major applications and thereby affect the production output rate as well as associated operating overheads in the interim.
Industrial sector can act as value proposition for the market participants of hammer drill equipment provided the potential demand from each vertical and willingness by the stakeholders to invest in customized solutions with technological advancements.
Asia Pacific is likely to drive the demand for the hammer drills market. The increased residential, and commercial construction projects will creates new opportunities for market expansion and new foreign direct investment opportunities in countries like China, Japan, India and South Korea has augmented the sales of the hammer drills in the region.
As per the forthcoming, the scenario is likely to change with North American countries like the U.S., Canada have been a prominent regional markets with the high number of commercial and industrial applications in the region, which had contributed to a significant value of the global hammer drills market.
In Europe, Germany, France, Italy and Russia are the prominent countries which are expected to hold considerable share in the hammer drills market on the back of enormous applications in commercial and industrial operations. Latin America hammer drills market is expected to record a decent growth over the foreseen year owing to increasing demand from residential and commercial operations.
The Middle East & Africa hammer drills market is likely to witness a sound growth with the regional countries implementing the technology for being economical in longtime run. South Africa and GCC countries could observe a high growth rate due to the commercial and industrial developments across the countries.
Wireless or cordless hammer drills segment on the basis of type of hammer drills are projected to grow with a significant growth rate in the forecast period. Wireless hammer drills are designed to perform easy operations, which works on battery.
It not only saves energy but also time for operational efficiency during various applications, the hammer drills are featured with different drill bits of various sizes and the application of hammer drills across various sectors is expected to push the global hammer drills market in the forecast period.
“Rising demand from residential and commercial applications has created a significant demand for hammer drills to perform various tasks efficiently. The usage across end use sectors or applications are anticipated to create health growth for hammer drills in global markets. Manufacturers are focused on developed of e-commerce portals in order to comply with advent of online sales channel in the global market.”
List of some of the prominent market participants in Hammer Drills market are:
The research report on Hammer Drills market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Hammer Drills market report also contains projections using a suitable set of assumptions and methodologies. The research report on Hammer Drills market provides analysis and information according to market segments such as of product type, by installation and by material and by application.
The Hammer Drills market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Hammer Drills market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Hammer Drills market report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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