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Power Hammer Market

Power Hammer Market

Power Hammer Market By Type (Pneumatic Power Hammers, Hydraulic Power Hammers, Mechanical Power Hammers, Steam Power Hammers), By Industry (Automotive, Marine, Metal Fabrication), & By Region - Global Forecast 2022-2032

Power Hammer Market
FACT533MR

Power Hammer Market Outlook (2022-2032)

The global power hammer market is set to reach a valuation of US$ 804.6 million in 2022 and further expand at a CAGR of 5.2% to end up at US$ 1.33 billion by 2032.

Due to the broad use of power hammers across industries, such as the automotive and construction sectors, the power tool industry is expanding rapidly. Thanks to advancements in technology and the creation of new power tools, the dominance of power tools in the market translate into significant demand for power hammers from several industry verticals.

Report Attributes

Details

Power Hammer Market Size (2022E)

US$ 804.6 Million

Forecasted Market Value (2032F)

US$ 1.33 Billion

Global Market Growth Rate (2022-2032)

5.2% CAGR

North America Market Share (2022)

26%

Europe Market Share (2022)

21%

Key Companies Profiled

  • Prada Nargesa
  • Baileigh Industrial, Inc.
  • Power Hammer, Blacksmith Tools Centre PERUN
  • Anyang Hammers
  • The Bharat Engineering Metal Work
  • Robert Bosch GmbH
  • Trow & Holden Company
  • Ingersoll-Rand plc

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Sales Analysis of Power Hammers (2017-2021) Vs. Market Outlook (2022-2032)

Forge welding procedures involve the use of power hammers. They are also utilized in steel tool striking and rivet closure, in addition to forging.

Mechanical power, utility value, and self-contained power are the sources of strength for power hammers. The force of two men using sledgehammers is equalled by power hammers. Power hammers are thus a good substitute for human strength.

Because of their weight, power hammers are extremely powerful. Additionally, the force that a power hammer applies to a material acts as an accelerator. Due to their strength, power hammers provide a solid and precise strike.

Industries all around the world have been able to reinvent themselves thanks to technological advancements, innovations, and the difficulty of many jobs. This not only improves the quality of finished products but also makes the work more manageable.

Global power hammer sales are anticipated to increase at a CAGR of 5.2% to reach US$ 1.33 billion by the end of 2032.

Power hammer market forecast by Fact.MR

What’s Expected to Influence Sales of Power Hammers?

“Multi-tasking & Time-saving Qualities of Power Hammers in Building & Construction Sectors”

The flexibility of power hammers to adapt to various sizes without sacrificing the quality of the work makes them special. Power hammers are employed not only in the forging of metal but also in the shaping of metal. Additionally, the market value of power hammers has increased due to their ability to deliver accuracy promptly.

Most of the smaller towns will inevitably expand into larger metropolises due to the world's ongoing urbanization. As a result, the need for building & onstruction would rise quickly. As such, the construction sector is expected to benefit, which will subsequently increase the sales of power hammers.

The power hammer industry will have more room to expand as a result of the rise in automation, metal fabrication, and the maritime industry. Additionally, because they are useful for particular tasks, single effect, double effect, and counterblow hammers are exhibiting high demand.

“Lack of Skilled Workforce & High Manufacturing Cost to Hamper Sales Growth of Power Hammers”

The greatest restriction when utilizing a power hammer is the risk to human life. The main cause is that many workers are not familiar with operating power hammers. The second argument is that power hammers' enormous sizes may be a drawback.

Even though power hammers are created by humans, the possibility of a fatality cannot be disregarded. As a result, adhering to safety protocols is essential. However, these aspects are frequently overlooked, which is a drawback for this market.

How Will the Power Hammer Market Treat New Entrants?

“Need for Advancements in Power Hammers Opens Various Opportunities for New Market Players”

A majority of businesses strive to reduce human effort since doing so will simplify the work and speed up task completion. The task force and supply chain are expected to be flexible as product demand rises.

Power hammers were created as a result to reduce the need for muscular power. The power hammer market, being consolidated, is set to offer lucrative opportunities for new players who can come up with innovative products.

An Adaptive Approach to Modern-day Research Needs

Which Regions are Most Profitable for Power Hammer Manufacturers?

“Technological Advancements & Emergence of Various New Sectors in North America”

In 2022, North America is expected to account for 26% of the global market share.

Power hammers are widely used for a variety of purposes in addition to shaping metals. The power hammer industry will experience tremendous expansion in the U.S. due to developments in technologies and the ongoing emergence of new sectors for commercial purposes.

Currently, Europe is likely to account for 21% of the global market share.

The use of power hammers in the automation sector is expanding rapidly. As a result, the market for power hammers in Europe has an opportunity to progress.

Germany is known for its continuous product innovation in response to consumer demand. Power hammer demand will increase in a variety of industries.

Due to ongoing urbanization, the Asia Pacific region is predicted to experience the highest growth for power hammers. The market for power hammers in this region will also rise as a result of the expansion of various businesses and multifaceted industries.

Why are Pneumatic Hammers Highly Demanded?

“Rapid Industrialization in Developing Nations Driving Demand for Pneumatic Hammers”

An air hammer or pneumatic hammer uses compressed air to chip or carve away materials such as stones, metals, and other items. To operate the piston on pneumatic hammers, they are typically connected through a pipe or tube to a sizable tank that pumps air into it.

Manufacturing companies employ pneumatic hammers because they are highly effective, dependable, economical, and require little maintenance due to their straightforward design. The need for pneumatic hammers is being driven by these factors, globally.

Growing industrialization across developing nations of South America, Asia Pacific, and the Middle East & Africa due to metal forging and metal shaping use in various sectors are predicted to fuel the demand for pneumatic hammers.

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Which Master Plans are Followed by Power Hammer Producers to Increase Revenue Growth?

“Key Market Players Concentrating on Changing Pricing Policy & Development of Technologies to Produce Improved Power Hammers”

Leading power hammer producers are concentrating on diversifying their product offerings to appeal to a variety of customers. To increase sales, manufacturers are concentrating on a variety of price points, the application of new technologies, and easy accessibility in important urban and tier-II cities.

  • Prada Nargesa creates all types of ornamental forging with its Drop Hammer 360 with an integrated compressor.
  • Power hammers that don't require machine adjustment have been developed by Anyang Hammers. These hammers guarantee effective forging and long life.

Key Segments Covered in Power Hammer Industry Research

  • Power Hammer Market by Type :

    • Pneumatic Power Hammers
    • Hydraulic Power Hammers
    • Mechanical Power Hammers
    • Steam Power Hammers
  • Power Hammer Market by Industry :

    • Automotive
    • Marine
    • Metal Fabrication
    • Others
  • Power Hammer Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global power hammer market is likely to expand at 5.2% CAGR through 2032.
The market is currently valued at US$ 804.6 million.
Currently, North America accounts for 26% of the global market share.
By 2032, the market is projected to reach US$ 1.33 billion.

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