02-Aug-2022 | Zion Market Research
The global hydraulic hammer market size was worth around USD 1,923.10 million in 2021 and is estimated to grow to about USD 2,951.40 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.40% over the forecast period. The report analyzes the hydraulic hammer market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the hydraulic hammer market.
Hydraulic hammers, commonly referred to as hydraulic breakers, are potent demolition tools that can topple enormous rocks or concrete buildings. They can be fitted to the excavators and are driven by an auxiliary hydraulic system. The auxiliary hydraulic system, which consists of a cylinder, a piston, and hydraulic oil, is what applies such a significant force to the desired surface. Also, hydraulic hammers are widely employed in mining and construction industries due to their durable design and compact structure. Additionally, hydraulic hammers are more practical in locations where blasting is not considered safe because of environmental conditions that could pose a risk.
An excavator's hydraulic hammer is a potent percussion hammer used to smash through rocks or concrete. It is controlled by the excavator's auxiliary hydraulic system, which has a foot-operated valve installed. Additionally, hydraulic hammers are used for demolition projects, works too big for jackhammers, or places where blasting is unsafe because of environmental concerns. Hammers are sometimes referred to as breakers, peckers, hoe rams, or hoe rammers by construction and demolition personnel.
A hydraulic breaker is mostly used to split tough materials. The chisel's percussive motion fractures the material, which also breaks it into smaller pieces. They are most frequently utilized during building deconstruction when it is necessary to break up concrete into smaller pieces. In rock mines, they are also employed to break down the rocks. Before selecting the appropriate type of hydraulic breaker, the rock must be inspected because breakers can be used for light, medium, or hard rocks. Depending on the site's needs, many size breakers are available. Before selecting the appropriate equipment, it is important to consider the size and characteristics of the material that needs to be broken as well as the breaker weight and low frequency.
The growth of the infrastructure and building industries is a major factor propelling the worldwide hydraulic hammer market. The market is also anticipated to be driven by increased demand for maximum productivity in the shortest amount of time and at the lowest possible cost. The market is also expected to grow for the forecast period due to the enormous productivity, dependability, low maintenance requirements, automatic lubrication, ease of maintenance, and low noise emission levels of hydraulic breakers. The global hydraulic hammer market is anticipated to see restraint soon due to a shortage of experienced workers, a lack of downstream support, and the high cost of hydraulic breaker machines.
The product, sales channel, end-user, and region segments divide the global hydraulic hammer market. Light duty hydraulic hammers, medium duty hydraulic hammers, and high duty hydraulic hammers are the three product-based market segments. Due to their increased use in end-use applications, the medium-duty hydraulic hammer is predicted to dominate the market in the upcoming years. According to the sales channel, the market is divided into in-store and online segments. The building sector, municipal engineering, the mining industry, and the metallurgical industry are the market segments based on end users.
The region that hydraulic breakers manufacturers find most appealing is North America. The three largest markets in this area are the U.S., Canada, and Mexico; these nations will continue to grow during the projection period due to rising investments and infrastructure development activities taking place globally. Due to their high economic potential and rising end-user demand across numerous industries, including the construction and mining sectors, nations like Brazil, Chile, and Argentina additionally present attractive chances for market players. Colombia will experience growth during the forecast period due to a sizable local labor force that can be used for manufacturing if there is enough investment in the necessary infrastructure, such as better ports or transportation facilities. Hydraulic breaker sales in the Asia Pacific are dominated by pneumatic hammers, followed by handheld devices mostly used in China because of better pricing and a rise in knowledge of the products among buyers who focus their decisions on cost-effectiveness. Due to their expanding economies and rising investments in infrastructure, among other things, Taiwan and Japan are the most alluring markets in this area.
Key players functioning in the global hydraulic hammer market include Sandvik Mining and Construction, Atlas Copco (Krupp), Montabert (Joy Global), Furukawa, Soosan, NPK, Toku, EVERDIGM (Hanwoo), MSB, MKB(KONAN)
Browse the full “Hydraulic Hammer Market by Product Type (Light Duty Hydraulic Hammer, Medium Duty Hydraulic Hammer, High Duty Hydraulic Hammer); By Sales Channel (In Store and Online), By End User (Construction Industry, Municipal Engineering, Mining Industry, Metallurgical Industry), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/hydraulic-hammer-market
Hydraulic Hammer Market is segmented as follows:
By Product Type
By Sales Channel
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