The "Jackhammer Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
The global jackhammer market size was valued at $202.8 million in 2018, and is projected to reach $361.2 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.
The key factors that drive the growth of the global jackhammer market include increase mining industry in the developing countries in Latin America, Africa, and Asia-Pacific. In addition, the expansion of existing mines due rise in demand for metal and minerals also boosts the jackhammer market growth. However, government regulation due the environmental concern is expected to restraint the market growth. Furthermore, it is widely utilized in the construction sector for various operations. Thus, the growth in construction sector around the globe offers lucrative growth opportunities for the market players.
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing for business expansion, and in the metal and coal mining sector, which is anticipated to boost the demand for the equipment such as jackhammers. For instance, in September 2019. Atlas Copco, a manufacturer of industrial tools and equipment had invested $13.4 million for the expansion of the manufacturing facility in Hyderabad, India, doubling its capacity. Through this move Atlas Copco aims to increase its footprint in the Asia-Pacific region and expand its business.
In 2018, Europe dominated the global jackhammer market, in terms of revenue, accounting for around 47.4% share of the global market, followed by North America. The economy of Europe region has grown over the past couple of years, which in turn boosts the growth of the construction and mining industry. This in turn is expected to fuel the growth of the market.
In terms of application, the mining segment secured the highest share in the jackhammer market in 2018, construction segment and is expected to grow at a CAGR of 9.1% during the forecast period owing to the increase in emphasis on the construction sector is expected to provide lucrative growth opportunities to market players in developing economies.
Key Benefits
- The report provides an extensive analysis of the current and emerging jackhammer market trends and dynamics.
- In-depth jackhammer market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the jackhammer market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global jackhammer market forecast analysis from 2018 to 2026 is included in the report.
- Key market players within jackhammer market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the jackhammer industry.
Key Finding of The Jackhammer Market:
- The report provides an extensive analysis of the current and emerging jackhammer market trends and dynamics.
- Depending on type, the hydraulic segment dominated the market, in terms of revenue in 2018 and electric segment is projected to grow at a CAGR 9.0% during the forecast period.
- By application, the mining segment led the jackhammer market in 2018.
- Asia-Pacific is projected to register the highest growth rate in the coming years.
- Key market players within the jackhammer market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the jackhammer industry.
- The report provides an extensive analysis of the market trends and emerging opportunities of the market.
- In-depth jackhammer market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
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The global jackhammer market forecast analysis from 2018 to 2026 is included in the report.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Key Player Positioning, 2018
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase In Investments In The Mining Sector
3.5.1.2. Growth In Construction Of Roads, Tunnels, And Railways Tracks
3.5.1.3. Rise In Demand For Hydraulic Jackhammer
3.5.2. Restraints
3.5.2.1. Increase In Prices Of Raw Materials
3.5.2.2. Government Regulations Related To The Mining Operations
3.5.3. Opportunity
3.5.3.1. New Innovation And Advance Technology In Jackhammers
Chapter 4: Jackhammer Market, By Type
4.1. Overview
4.2. Pneumatic
4.3. Electric
4.4. Hydraulic
Chapter 5: Jackhammer Market, By Application
5.1. Overview
5.2. Mining
5.3. Construction
5.4. Tunneling
5.5. Well Drilling
Chapter 6: Jackhammer Market, By Region
6.1. Overview
6.2. North America
6.3. Europe
6.4. Asia-Pacific
6.5. LAMEA
Chapter 7: Company Profiles
7.1. Atlas Copco Ab
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Product Portfolio
7.1.5. R&D Expenditure
7.1.6. Business Performance
7.1.7. Key Strategic Moves And Developments
7.2. Einhell Germany Ag
7.3. Hilti Corporation
7.4. Indeco Ind. Spa
7.5. Koki Holdings Co., Ltd.
7.6. Makita Corporation
7.7. Robert Bosch Gmbh
7.8. Stanley Black & Decker, Inc.
7.9. Techtronic Industries Company Limited
7.10. Tr Industrial
For more information about this report visit https://www.researchandmarkets.com/r/jtm5us
View source version on businesswire.com: https://www.businesswire.com/news/home/20200225005576/en/
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