Hydraulic Hammer Market
Hydraulic Hammer Market By product type(Heavy, Medium, Large), By End-Use (Mining, Construction, Municipalities) & By Region (North America, Europe, Latin America) - Global Market Insights 2021 to 2031
Analysis of Hydraulic Hammer market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hydraulic Hammer Market: Overview and Dynamics
Hydraulic Hammer also known as hydraulic breakers are powerful demolishing machines which can destroy giant rocks or concrete structures. They are powered by an auxiliary hydraulic system and can be mounted on the excavators.
The auxiliary hydraulic system constitutes of a cylinder, piston and hydraulic oil responsible for exerting such huge amount of force on the targeted surface. Further, hydraulic hammers are predominantly used in construction and mining industries due to their compact construction and high durability. Further, use of jackhammer is not feasible in areas where blasting is not considered to be safe due to environmental factors which could lead to hazard, thereby promoting hydraulic hammers.
Furthermore, growing population and urbanization is creating significant demand in construction, mining and related industries to fulfil the growing needs. This in turn, is increasing requirement of powerful mining and construction equipment to reduce time and increase productivity is driving the demand of hydraulic hammer market growth. Moreover, increase in construction of new commercial complex, roads, building etc. is poised to play a supplementing factor in the growth of hydraulic hammer market.
High productivity, reliability, low-cost maintenance, automated lubrication and low noise emission levels of hydraulic hammers are anticipated to augment the hydraulic hammer demand during the forecast period. However, COVID-19 impact has led to a significant downfall in the hydraulic hammers market which can be recuperated once the associated industries start functioning and demand for the commodity goods is restored.
To summarize, the market dynamics of hydraulic hammer market are solely depended on global construction and mining equipment demand. The global market for hydraulic hammer market is expected to exhibit moderate growth rate by the end of 2031. Factors such as Demand, Innovations, COVID-19 and growth in the construction industry in various countries will play a vital role.
Upon comparing hydraulic hammer to pneumatic powered hammers a lot of difference in overall cost as well as versatility can be seen. A hydraulic hammer is cheaper and possesses high strength as compared to pneumatic powered hammers. Pneumatic powered hammers releases carbon monoxide while in operation, whereas, there are no such issues with a hydraulic hammer. Further, hydraulic hammer might have fluid leakage issue in the long run whereas pneumatic hammer doesn’t. The advancement in technology of hydraulic hammer utilization is seen, thereby, creating very less probability of leakage in hydraulic hammer during long runs and this trend is observed in newer models is pushing the sales of hydraulic hammer northwards.
Recent technological advancement in hydraulic hammers like blank-fire protection feature is revolutionary. Backfiring is the phenomena which occur in hydraulic hammer when the operator activates the hydraulic hammer without engaging tool with the material to be broken leading to transfer piston strike back to the hammer. Backfiring increases wear on hydraulic hammer & machine resulting in degradation of hydraulic hammer.
As a solution to this, a US-based multinational company Caterpillar have come up with a new hydraulic hammer technology. They combined both machine and hammer technology to develop hydraulic hammer with auto-stop functionality. This function alerts the operator of backfiring produced by a hydraulic hammer after 15 seconds and automatically switches off the hydraulic hammer after 30 seconds if the hammering is not stopped by the operator. This in turn, reduces both hammer and machines maintenance cost, thereby, providing an economically friendly solution in hydraulic hammer market.
The Global Hydraulic Hammer market is bifurcated into two major segments: Product type, End-use, and region. Based on the product type the hydraulic hammer market can be segregated into heavy-duty, medium-duty, and light-duty. Based on End-use the hydraulic hammer market can be classified as Mining, Construction, Municipal Corporations, Metallurgical and Others.
COVID-19 Impact Insights
The COVID-19 was declared a pandemic by the World Health Organization (WHO) in the early march 2020 which mandated countries to impose lockdown and abide by strict social distancing measures leading to market shut down and flattening economic curve across the globe. On the other hand, the supply and demand chain has been massively disrupted leading to a global economic loss.
Furthermore, facility shut down in Asia, North America and Europe in the second quarter of 2020 have reduced the production of hydraulic hammer which in turn affected the global hydraulic hammer market. With reducing Covid-19 cases in some regions operations resumed during the fourth quarter of 2020. On the other hand, the new Covid-19 strain which was first discovered in the United Kingdom is spreading much faster than expected which may further force the regulatory bodies to impose strategic lockdowns across affected regions.
On the bright side, vaccines are being approved after phase 3 trials by countries and have started vaccination drives for neutralizing covid-19 cases. Meanwhile for balancing the supply chain, regulatory bodies have allowed manufacturing sectors to proceed with production. Moreover, abiding to COVID-19 guidelines and alternative rotation of workers can help the global tetrahexyldecyl ascorbate market to bounce back strongly by the second quarter of 2021.
Hydraulic Hammer Market: Regional Outlook
Based on regional distribution, the report “Hydraulic Hammer market” takes into account six prime regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and The Middle East & Africa. The Asia Pacific and Europe is expected to be the leading region hydraulic hammer production. China, Germany and UK to stand out on the production canvas channeling products cross borders.
However, the consumption picture tells a different story as North America along with East Asia claims for pole positions. High construction spending and paradigm shift in mining related activities remain the foundation of highest consumption bars. On the other hand, Latin America accounts for a nominal share under hydraulic hammer market.
Hydraulic Hammer Market: Key Players
Being a moderately consolidated market, there are only a few hydraulic hammer manufacturers because of which healthy competition has been observed between the key players in their region. Konekesko, Soosan Heavy Industries, Atlas Copco, Nuosen Machinery, John Deere, Sandvik, Everdigm, Rammer, Caterpillar, Indeco, Montabert, Joseph Cyril Bamford Excavators Ltd., NPK, Stanley Hydraulics, Volvo, Takeuchi, Breaker Technology Inc., Miller UK, Furukawa, and Hammer Srl are amongst the prominent players in Hydraulic Hammer market.
Common organic growth strategies such as expanding research and development facilities to develop high quality, durable and efficient machines have been witnessed among the regional players. Key players are looking to develop improved and new technologies for hydraulic hammer applications. Moreover, acquisitions and establishing long term supply contracts with the industries and local producers is van guarding players in hydraulic hammer market.
To sum up, the global market for hydraulic hammers is expected to exhibit moderate growth during the forecast period. The market grew at a modest rate in 2020 and is projected to grow during the forecast period with the increasing adoption of organic growth strategies by key players.
The research report presents a comprehensive assessment of the Hydraulic Hammer market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Hydraulic Hammer market report provides analysis and information, according to market segments such as geographies, product type and end-use.
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The Hydraulic Hammer Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Hydraulic Hammer Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Hydraulic Hammer 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 Hydraulic Hammer Market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Hydraulic Hammer report also maps the qualitative impact of various market factors on market segments and geographies.
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The Hydraulic Hammer Market Report Highlights:
- A detailed overview of the 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
Segmentation Analysis of Hydraulic Hammer Market
The global hydraulic hammer market is bifurcated into three major segments: product type, end-use, and geographic region.
Based on product type, hydraulic hammer market has been segmented as follows:
- Heavy Duty
- Medium Duty
- Light Duty
Based on end-use, hydraulic hammer market has been segmented as follows:
Based on geographic regions, hydraulic hammer market is segmented as
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
The hydraulic hammer market is currently valued at US$ 2.11 Billion.
Increased spending on infrastructure projects is driving the hydraulic hammer market.
Emerging economies with rapid urbanization to provide most opportunities for the hydraulic hammer industry players.