Air Hammer Market Forecast and CAGR
According to latest research by FactMR, air hammer market is set to witness steady growth during 2021-2031. Demand for air hammer will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Muted demand from construction sector will mean limited opportunities in near future, however, sales of air hammer in manufacturing sector will provide momentum.
What is Driving Demand for Air Hammer?
There has been consistent rise in the demand for air hammer in the manufacturing sector recently. This is mainly due to the execution of tasks of varying scales. Improvement in the productivity of a scope of industrial projects across the world is a main consideration assessed to drive the air hammer shipment in the forthcoming years.
Air hammers are utilized by manufacturing enterprises as they are exceptionally cost effective, require less maintenance, reliable and comparatively more efficient in view of making tasks simple. This adds as one of the vital factor responsible for propelling the sales of air hammers around the world.
Moreover, being a fragmented market due to the presence of several manufacturers who produce and supply different kinds of air hammers. Also, growing urbanization in developing nations in South America, Asia Pacific and the Middle East and Africa shall drive the sales of air hammer forward.
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North America and Europe Air Hammer Market Outlook
North America followed by Europe is assessed to hold huge portion of the worldwide air hammer volume, because of the presence of prominent and emerging players in the region. Moreover, North America and Europe are probably going to witness development in the air hammer sales because of developing industrialization across the region.
US air hammer sales will also be impacted by the construction sector recovery in 2021. The US construction sector faces a challenging year, however, there is growing optimism that low mortgage rates will lead to a spurt in early 2022. The momentum is likely to hold ground, which will provide an impetus to a range of construction material, including air hammer.
Asia Pacific Demand Outlook for Air Hammer
Asia Pacific is relied upon to offer critical opportunities to the air hammer sales soon because of rising interest for air hammer in construction sector as well as manufacturing industry in the region. Promising circumstances in prominent economies of India, China, and Japan around there will lead to increase in potential volume in the region.
For manufacturers and suppliers, the strong projections for China’s defense expenditure can be offset by broader weakness in automotive and construction sector. However, refocus on construction and infrastructure development will remain key to steady demand in the long run.
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Who are the Key Manufacturers and Suppliers of Air Hammer?
Some of the leading manufacturers and suppliers of air hammer include-
- AIRCAT Pneumatic Tools
- Atlas Copco (India) Ltd.
- BBG Baugeräte GmbH
- Chicago Pneumatic
- Elliott Tool Technologies
- Ingersoll-Rand plc
- NPK Construction Equipment, Inc.
- OLI SpA
- Robert Bosch GmbH
- TML Technik GmbH
- Trow & Holden Company
Players catering the consumption are progressively putting resources into innovative work exercises to use new and innovative techniques to fabricate air hammers.
The air hammer market is highly fragmented with the presence of various producers in developing as well as developed nations. Besides, manufacturers are endeavoring to attain competitive edge through expanded product differentiation across the world.
Air hammer Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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
An Adaptive Approach to Modern-day Research Needs
By Product Type
- Rotary hammer
- Chipping hammer
- Power hammer
- Forging hammer
- Fully automatic
By End-use Industry
By Distribution Channel
- Direct sales
- Indirect sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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