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Hydraulic Hammer Market

Market Study on Hydraulic Hammers: Aftermarket Sales to Be High Over Coming Years

Hydraulic Hammer Market by Weight (2 to 3 Tonnes, 3.1 to 6 Tonnes and Above 6 Tonnes)

Hydraulic Hammer Market Outlook (2023 to 2033)

The Global Hydraulic Hammer Market was valued at US$ 1.2 billion in 2022. Worldwide sales of hydraulic hammers are forecasted to increase at a CAGR of 5.6% and reach a value of US$ 2.1 billion by the end of 2033.

Modernization and development of infrastructure in the construction industry have boosted the demand for hydraulic hammers on a global scale. Hydraulic hammers are employed in construction activities such as excavation and demolition, making them essential tools for infrastructure development and renovation.

In recent years, there has been a noticeable increase in safety concerns among end-use industries when using heavy equipment such as hydraulic hammers. Despite the challenges faced by businesses, including labor and time, the advantages of using hydraulic hammers have made work much easier. The higher operational efficiency of hydraulic hammers is a key factor that is driving their demand across industries and regions.

Report Attributes Details

Hydraulic Hammer Market Size (2022A)

US$ 1.2 Billion

Estimated Market Value (2023E)

US$ 1.25 Billion

Projected Market Value (2033F)

US$ 2.1 Billion

Global Market Growth Rate (2023 to 2033)

5.6% CAGR

Collective Share of Top 3 Countries (2022)

43.9%

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Demand Analysis of Hydraulic Hammers (2018 to 2022) Vs. Market Forecasts (2023 to 2033)

The hydraulic hammer market experienced steady growth from 2018 to 2022. This was primarily driven by increasing construction and mining activities across the world, which demanded efficient and powerful equipment such as hydraulic hammers.

In 2018, the market was valued at around US$ 1.04 billion and continued to expand at a CAGR of 4.8% to reach US$ 1.2 billion by the end of 2022.

Europe held a leading share of the global market due to increasing construction activities in countries such as Russia, Germany, and Italy. North America and Asia Pacific followed closely.

In terms of weight, while the 3.1 to 6-tonne segment holds a substantial share of the market, demand for hammers weighing above 6 tonnes has been increasing steadily due to their higher efficiency and power. This segment is anticipated to hold a significant market share due to increasing mining and construction activities across the world.

The aftermarket segment dominated the market in 2018, but the adoption of the OEM sales channel has been gaining traction, primarily due to its convenience and cost-effectiveness.

Growth of the global population and urbanization has resulted in a surge in demand for housing, infrastructure, and industrial developments. There has been an increased demand for hydraulic hammers to facilitate construction activities.

During the forecast period, demand for hydraulic hammers is expected to be driven further by the growing mining industry and exploration activities. In addition to this, the increasing focus on sustainability and environmental regulations is expected to be another driving factor for the market. Governments across the world are prioritizing sustainable development and promoting the use of eco-friendly equipment. With advancements in technology, the equipment is becoming more environmentally friendly.

During the forecast period, sales of hydraulic hammers are expected to increase significantly, as manufacturers are developing advanced technologies such as automation, robotics, and artificial intelligence. These technologies are expected to enhance the efficiency, speed, and accuracy of hydraulic hammers, resulting in significant advantages in terms of cost savings, productivity, and safety.

Hybrid hydraulic hammers that combine hydraulic and pneumatic technologies offer better performance, increased efficiency, and reduced noise levels. Manufacturers are increasingly adopting online platforms to sell their products, thereby increasing their reach and reducing costs.

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Which are the Factors Driving the Demand for Hydraulic Hammers?

“Expansion of Construction and Mining Industries Boosting Demand for High-performance Hydraulic Hammers”

Increase in infrastructure, residential, and commercial construction has led to an increase in demand for hydraulic hammers. The increase in population necessitates increased construction of roads, highways, bridges, and tunnels. Hydraulic hammers offer several advantages such as high productivity, high-impact performance, and energy recovery that can increase the output per shift. Hydraulic hammers are known for their ability to lower energy and fuel consumption, making them an efficient and cost-effective option for a variety of industries.

An increasing number of housing and infrastructure projects and improvements in public transportation including railways and roadways are expected to lead to significant investments in tunneling and road construction projects in countries such as India, South Africa, Brazil, and Mexico. The increasing use of hydraulic hammers in most quarries instead of explosives to free rock from the quarry is continuously driving demand for hydraulic hammers.

“Increased Construction of Commercial Spaces Due to Rising Urbanization”

Growing population and urbanization create significant demand for construction and mining projects. This, in turn, increases the need for powerful mining and construction equipment to save time and increase productivity.

The construction of commercial spaces is increasing day by day, thanks to government support in the form of loans, foreign direct investment (FDI), and subsidies. Efforts to build highways, dams, railways, and roads are also on the rise, which is expected to further boost the demand for hydraulic hammers.

“Increasing Exploration and Mining Activities Worldwide Pushing Demand for Advanced Hydraulic Hammers”

Demand for mining is increasing significantly as a result of the rising global mineral consumption. Several significant mining projects in various countries around the world are expected to lead to an increase in mineral production. The rising number of mining projects is driving the demand for advanced machinery, leading to an increase in demand for hydraulic hammers on a global scale.

Various mining and exploration companies are channelizing their investments towards extracting minerals from underground mines and using advanced technologies to extract minerals from deeper locations.

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Region-wise Insights

How is Demand for Hydraulic Hammers Shaping Up in Asia Pacific?

“Increasing Government Funding for Infrastructure and Mining Projects”

Demand for hydraulic hammers is expected to increase due to factors such as rapid urbanization and the rapidly expanding economies that are the result of significant investments in infrastructure, including highways and bridges.

The Asia Pacific region has a large population. As the population continues to grow, the demand for housing, commercial buildings, and public infrastructure is also increasing. Hydraulic hammers play a critical role in construction activities such as demolition, excavation, and rock breaking, making them an essential tool for the industry.

The implementation of infrastructure development policies by governments in the Asia Pacific region is contributing to the growing demand for hydraulic hammers.

  • For example, the 'One Belt, One Road' initiative launched by the Chinese government to improve infrastructure connectivity across Asia, Europe, and Africa is creating new opportunities for hydraulic hammer manufacturers to expand their business in the region.

The Asia Pacific region has vast mineral resources, and many countries are investing in mining activities to exploit these resources. Hydraulic hammers are essential in mining operations as they are used for breaking rocks and excavating minerals.

Which European Countries Account for High Demand for Hydraulic Hammers?

“Manufacturers’ Focus on Design Innovation Driving Demand for Hydraulic Hammers”

Demand for hydraulic hammers in Europe is driven by several factors, including a large customer base consisting of construction, demolition, and excavation companies. This creates a competitive market that encourages innovation and product development. The construction industry in Europe is strong and growing, leading to a high demand for hydraulic hammers for demolition and excavation work.

Europe accounts for 37.1% share of the global hydraulic hammer market. Demand for hydraulic hammers in Russia is anticipated to reach US$ 297.5 million by 2033. Russia is a significant contributor to the European market, closely followed by Germany.

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Category-wise Insights

Which Type of Hydraulic Hammers are Most Widely Utilized?

“Wide Applicability of 3.1 to 6-tonne Hydraulic Hammers”

The 3.1 to 6 tons segment holds a significant share of the global market. These hammers have advantages over both 2 to 3-tonne hammers and those weighing 6 tonnes and above. Over the course of the projection period, it is predicted that this segment would witness considerable expansion due to rising demand and acceptance of hydraulic hammers by various end-use industries.

Sales of 3.1-to-6-tonne hydraulic hammers have reached US$ 384.6 million in 2023. Hydraulic hammers above 6 tonnes are projected to occupy a small market share over the coming years.

Which Sales Channel Will Be Profitable for Hydraulic Hammer Manufacturers?

“Wide Availability of Cost-effective and High-quality Hydraulic Hammers through Aftermarket Sales”

The aftermarket sales channel segment of the hydraulic hammer market is anticipated to expand at a CAGR of 5.5% through 2033.

The aftermarket sales channel is expected to occupy a larger market share than other channels due to its provision of cost-effective and high-quality equipment that has already been tested and used in the field.

The availability of refurbished hydraulic hammers in the aftermarket sales channel has made it a preferred choice for construction companies looking for cost-effective and reliable equipment. The appeal of used equipment lies in the cost savings it offers while still delivering dependable performance.

The range of refurbished hydraulic hammers available in excellent condition makes the aftermarket sales channel an attractive option for those with specific equipment needs. This is especially significant for those who are new to using hydraulic hammers.

The combination of cost savings, high-quality equipment, and personalized service has contributed to the growing popularity of the aftermarket sales channel for hydraulic hammers.

Competitive Landscape

Leading manufacturers of hydraulic hammers are Caterpillar, Volvo AB, John Deere, Sandvik, Atlas Copco, Soosan heavy industries, Montabert, Hyundai Everdigm, Furukawa, Astec Industries, Inc., and Stanley Infrastructure.

To gain a competitive advantage in the industry, key manufacturers are developing innovative hydraulic hammers. Market players are also heavily investing in expansions, acquisitions, and strategic partnerships to expand their global footprint.

For instance:

  • In December 2021, Caterpillar introduced two new Cat® Performance Series Hammers designed to deliver high production and low maintenance operation on large excavators.
  • In July 2020, Astec Industries’ Materials Solutions Group released the BreakerBOSS 5D, its latest mobile rock breaker.
  • Sandvik Mining and Rock Technology entered into an agreement to acquire Allied Construction Products LLC (Allied), a hydraulic hammer distributor that serves the construction and mining industries.

Hydraulic Hammer Industry Report Scope

Attribute Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

  • US$ Million/Billion for Value
  • Units for Volume

Key Countries Covered

  • United States
  • Canada
  • Mexico
  • Brazil
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Benelux
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN Countries
  • Türkiye
  • South Africa
  • North African Countries

Key Market Segments Covered

  • Weight
  • End-use Industry
  • Sales Channel
  • Region

Key Companies Profiled

  • Atlas Copco
  • John Deere
  • Caterpillar, Inc.
  • Astec Industries, Inc. (BTI)
  • Sandvik AB
  • Soosan Heavy Industries
  • Volvo AB
  • Furukawa Co., Ltd.
  • Miller UK Limited
  • Montabert
  • Stanley Infrastructure
  • Hyundai Everdigm

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Hydraulic Hammer Industry Segmentation

By Weight:

  • 2 to 3 Tonnes
  • 3.1 to 6 Tonnes
  • Above 6 Tonnes

By End-use Industry:

  • Mining
  • Quarries
  • Construction
  • Others

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia, East Asia, and Pacific
  • Middle East
  • Africa
  • India
  • China

- Companies Covered in This Report -

  • John Deere
  • Caterpillar
  • Astec Industries, Inc. (BTI)
  • Sandvik AB
  • Soosan heavy industries
  • Stanley Hydraulics
  • Volvo AB
  • Furukawa Co., Ltd.
  • Hyundai Everdigm Corp.
  • Miller UK Limited
  • MSB Corporation Co. Ltd.
  • Montabert

- Frequently Asked Questions -

The global hydraulic hammer market was valued at US$ 1.2 billion in 2022.

Demand for hydraulic hammers is projected to rise at 5.6% CAGR to reach a market value of US$ 2.1 billion by 2033.

Shift from labor-intensive work to mechanization in end-use industries is a key market trend.

The U.S., Canada, Russia, and China are leading markets for hydraulic hammers.

OEM sales of hydraulic hammers are projected to increase at 5.7% CAGR through 2033.

Caterpillar, Volvo, John Deere, Sandvik, Soosan Heavy Industries, and Atlas Copco account for close to 60% market share.

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