Report Ocean recently released a research report on the Global Hydraulic Hammer Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global hydraulic hammer market revenue was around US$ 2 .3 billion in 2021 and is estimated to reach US$ 3.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2022 to 2031.
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A hydraulic hammer is an excavator equipped with a powerful hammer. It is used to break down hard rocks and other structures. The excavator’s auxiliary system, which has a foot-operated valve for this purpose, powers the device. It exerts strong pressure from a tiny canister that contains hydraulic oil that has been pressurized.
Factors Influencing Market Growth
– Increase in population and rising need for highways, roads, tunnels, and bridges drive the market growth.
– High production per shift, strong percussion, energy recovery, and reduced fuel and energy consumption are just a few of the benefits of hydraulic hammers that are propelling the market’s expansion.
– Rapid urbanization in emerging nations like India, China, and the U.S. due to population growth is anticipated to spur residential sector growth and raise hammer demand.
– Government spending on infrastructure and the mining industry is increasing. Thus, it is anticipated to create lucrative opportunities in the market.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Due to the government enacted a lockdown, many manufacturers halted their operations in nations like India, China, and the U.S. This interruption seriously affected the sales of hammers. Additionally, a scarcity of laborers and raw materials restricted the supply of hydraulic hammer system equipment, which slowed down the market expansion. However, the reopening of production facilities and the development of coronavirus vaccinations will result in the reopening of enterprises.
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Regional Insights
Asia-Pacific dominated the hydraulic hammer market. It is predicted that this trend would continue during the forecast period. Growth of the mining industry, industrialization, urbanization, and developments in nations like China, India, and Japan. Additionally, rising government spending on infrastructure. Thus, all these factors boost the market growth in this region.
Leading Competitors
The leading competitors in the global hydraulic hammer market are:
– Montabert
– Volvo
– Atlas Copco
– Breaker Technology Inc
– John Deere
– Indeco
– MSB
– EVERDIGM
– NUOSEN Machinery
– Stanley Hydraulics
– Furukawa
– Miller UK
– Rammer
– Soosan Heavy Industries
– Sandvik
– Caterpillar
– MKB(KONAN)
– Others
Segmentation Analysis
The global hydraulic hammer market segmentation focuses on Product Type, Business, End User industry, and Region.
Segmentation based on Type
– Light Duty (up to 10 ton)
– Medium Duty (11-30ton)
– Heavy Duty (More than 31 tons)
o Working length
? Up to 150 mm
? 151-400 mm
? 401-800 mm
? More than 800 mm
Segmentation based on Application
– OEM
– Aftermarket
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Segmentation based on End User Industry
– Mining
– Construction
– Others
Segmentation based on Region
– North America
– The U.S.
– Canada
– Mexico
– Europe
– Western Europe
– The UK
– Germany
– France
– Italy
– Spain
– Rest of Western Europe
– Eastern Europe
– Poland
– Russia
– Rest of Europe
– Asia Pacific
– China
– India
– Japan
– Australia & New Zealand
– ASEAN
– Rest of Asia Pacific
– Middle East & Africa (MEA)
– UAE
– Saudi Arabia
– South Africa
– Rest of MEA
– South America
– Brazil
– Argentina
– Rest of South America
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Table of Content
Chapter 1: Global Global Hydraulic Hammer Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Global Hydraulic Hammer market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Global Hydraulic Hammer Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Global Hydraulic Hammer market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Global Hydraulic Hammer market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Global Hydraulic Hammer market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Global Hydraulic Hammer market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Global Hydraulic Hammer business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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