Rotary Hammer Drill Market Size, Share, Growth, Opportunities 2030
Rotary Hammer Drill Market Size, Share, Growth, Opportunities 2030
Segments - Rotary Hammer Drill Market by Products (Wired and Wireless), Applications (Residential and Commercial), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Trends, Growth, Share, Size, And Forecast 2021 – 2028
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| Report ID :CG-336
| 4.3 Rating
| 73 Reviews
| 149 Pages
| Format :
Report Description
The global rotary hammer drill market size is anticipated to expand at a CAGR of 4% during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing preference for this product in household chiseling and drilling tasks.
Costumers are preferring rotary hammer drills over conventional equipment, as they provide strong force that can carve and break tiles, brick, concrete, and stones. Inflated rotary hammers uses compressed air to perform drilling movement. The presence of convenient and innovative wireless drill products are predicted to boost the product demand in the forthcoming years. These products can self-rotate and propel in backward and forward direction. They are powered by electric, pneumatic, or electro-pneumatic systems.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing growth in the construction industry worldwide is speculated to fuel the market growth.
- Rising popularity of DIY concept has helped in growth of the global rotary hammer market.
- Rapid growth of the construction sector in emerging economies such as China, India, and Philippines owing to the supportive government policies aimed at infrastructural development and urbanization is expected to play a key role in propelling the demand for rotary hammer drill for residential and commercial sectors.
- Home advancement industry has contributed a key role in expansion of rotary hammer market, which, in result, is likely to increase the market growth.
- Lack of awareness and knowledge about the usage of rotary hammer drill is expected to hamper the market growth during the forecast period.
- Growing investment in the R&D activities is speculated to present several opportunities in the coming years.
Scope of the Rotary Hammer Drill Market Report
The report on the global rotary hammer drill market includes an assessment of the market, trends, segments, and regional markets. Overview as well as dynamics have also been included in the report.
|
Attributes |
Details |
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Report Title |
Rotary Hammer Drill Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Products (Wired and Wireless), Applications (Residential and Commercial), and Distribution Channels (Online and Offline) |
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Regional Scope |
Asia Pacific, Latin America, North America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Competitive Landscape, Size, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Robert Bosch Tool Corporation; Stanley Black and Decker, Hilti Makita; Wurth; TOYA S.A.; Makita; Hitachi Koki, Techtronic Industries Co. Ltd; Inc.; Porter-Cable, Indo-Spark Construction Services; and DEWALT. |
Global Rotary Hammer Drill Market Segment Insights:
Wireless segment to exhibit a high CAGR
Based on products, the market is divided into wired and wireless. The wired segment accounted for a large share of the market owing to increasing adoption of product in residential and commercial sectors due to its ability to drill fast at high voltage. Constant drilling without any speed fluctuation is crucial for commercial applications. The battery power can cause speed fluctuations whereas AC/DC current can provide amplified levels of power and runtime. However, the accessibility to advanced gadgets such as Bluetooth connected hammer drill machines that offer real-time drill data on mobile and laptop is expected to propel the growth of the wireless segment. Moreover, the inventions such as power cell technology is predicted to create new opportunities in the wireless segment during the forecast period.
Residential segment to account for a considerable market share
On the basis of applications, the market is segmented into residential and commercial. The commercial segment generated significant revenue owing to increasing application of rotary hammer drills in electrical and electronics shops, workshops, carpenter centers, and manufacturing units. Growing preference for the products that have features such high overload capacity and effective cooling are expected to propel the growth of the market segment. On the other hand, the residential application segment is projected to expand at a CAGR of 4.3% during the forecast period, 2021 - 2028. Increasing consumer preference for wireless products owing to light-weight and comfortable grips is expected to boost the growth of the residential segment.
Online Segment to expand at a robust CAGR
Based on distribution channels, the global rotary hammer drill market is divided into online and offline. The offline distribution channel accounted for a considerable market share in 2020 owing to high preference for customers to buy rotary hammer drills and other such equipment from retail stores due to easy after-service support. Moreover, manufacturing industries, government organizations, and corporate companies prefer direct tie-ups with retailers, as they need a wide range of power tools and accessories, which is propelling the growth of offline segment.
The online segment is anticipated to exhibit a high CAGR of 4.9% during the forecast period. Growing number of e-commerce portals that are providing discounted prices is anticipated to the spur the growth of offline segment. Services such as easy product replacement and doorstep delivery are projected to continue attract the customers. Major players such as Robert Bosch Tool Corporation and Hilti are using online channels to expand their market share.
North America to account for a major market share
In terms of regions, the market is classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America held a major market share of above 30% in 2020. Increasing consumer awareness regarding luxury home decor products is driving the market growth in the US and Canada. High-cost of labor is expected to drive the demand for lightweight rotary hammer drills for small household drilling requirements.
The market in Asia Pacific is projected to record a CAGR of around 5.2% from 2021 to 2028. Growing disposable income of middle-class population is predicted to drive the growth of the market in this region. Furthermore, growth of the home equipment market has contributed to substantial growth of the rotary hammer drill market in countries such as China, Japan, and India. China is the major consumer as well as manufacturer of rotary hammer drills in this region. Additionally, consumer awareness regarding DIY projects in aforementioned countries is boosting the regional market growth.
Segments
The global rotary hammer drill market has been segmented based on
Products
- Wired
- Wireless
Applications
- Residential
- Commercial
Distribution Channels
- Online
- Offline
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Robert Bosch Tool Corporation
- Stanley Black and Decker
- Hilti Makita; Wurth
- TOYA S.A.
- Makita
- Hitachi Koki
- Techtronic Industries Co. Ltd; Inc.
- Porter-Cable
- Indo-Spark Construction Services
- DEWALT
Competitive Landscape
Major players competing in the global rotary hammer drill market include Robert Bosch Tool Corporation; Stanley Black and Decker, Hilti Makita; Wurth; TOYA S.A.; Makita; Hitachi Koki, Techtronic Industries Co. Ltd; Inc.; Porter-Cable, Indo-Spark Construction Services; and DEWALT.
Some of these businesses have involved in adopting numerous market strategies such as mergers & acquisitions, collaborations, partnerships, product launches, R&D activities to expand their global presence..
Tokyo-based power tools producer Hitachi Koki acquired Metabo. This achievement is expected to help Hitachi Koki gain access to the latter’s consumer base in Japan and India. The deal was valued at approximately USD 180 million.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Rotary Hammer Drill Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rotary Hammer Drill Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rotary Hammer Drill Market - Supply Chain
4.5. Global Rotary Hammer Drill Market Forecast
4.5.1. Rotary Hammer Drill Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rotary Hammer Drill Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Rotary Hammer Drill Market Absolute $ Opportunity
5. Global Rotary Hammer Drill Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Rotary Hammer Drill Market Size and Volume Forecast by Applications
5.3.1. Residential
5.3.2. Commercial
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Rotary Hammer Drill Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Rotary Hammer Drill Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Rotary Hammer Drill Demand Share Forecast, 2019-2026
7. North America Rotary Hammer Drill Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Rotary Hammer Drill Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Rotary Hammer Drill Market Size and Volume Forecast by Applications
7.4.1. Residential
7.4.2. Commercial
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Rotary Hammer Drill Demand Share Forecast, 2019-2026
8. Latin America Rotary Hammer Drill Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Rotary Hammer Drill Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Rotary Hammer Drill Market Size and Volume Forecast by Applications
8.4.1. Residential
8.4.2. Commercial
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Rotary Hammer Drill Demand Share Forecast, 2019-2026
9. Europe Rotary Hammer Drill Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Rotary Hammer Drill Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Rotary Hammer Drill Market Size and Volume Forecast by Applications
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Rotary Hammer Drill Demand Share Forecast, 2019-2026
10. Asia Pacific Rotary Hammer Drill Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Rotary Hammer Drill Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Rotary Hammer Drill Market Size and Volume Forecast by Applications
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Rotary Hammer Drill Demand Share Forecast, 2019-2026
11. Middle East & Africa Rotary Hammer Drill Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Rotary Hammer Drill Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Rotary Hammer Drill Market Size and Volume Forecast by Applications
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Rotary Hammer Drill Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Rotary Hammer Drill Market: Market Share Analysis
12.2. Rotary Hammer Drill Distributors and Customers
12.3. Rotary Hammer Drill Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Robert Bosch Tool Corporation
12.4.2. Stanley Black and Decker
12.4.3. Hilti Makita; Wurth
12.4.4. TOYA S.A.
12.4.5. Makita
12.4.6. Hitachi Koki
12.4.7. Techtronic Industries Co. Ltd; Inc.
12.4.8. Porter-Cable
12.4.9. Indo-Spark Construction Services
12.4.10. DEWALT
Methodology
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