Bizizz Market Research has recently published a research report, “Rotary Hammer Drill Market by Product Type (Wired and Wireless), by Application (Commercial and Residential), by Distribution Channel (Online and Offline), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Rotary Hammer Drill Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 5.3 Bn by 2027, witnessing a CAGR of 4.2 % during the forecast period. Key drivers of the market are growing construction industry, rising demand for power tools, and supportive government policies.
These products offer several advantages over their conventional counterparts which is expected to surge in demand from different regions. The rotary hammer drills are light in weight and consumes less energy which make it preferable among large consumer base. Moreover, the manufacturers such as Hilti and Robert Bosch Tool Corporation are engaged in product innovation to increase their consumer base which is expected to affect the market growth in a positive manner.
The Rotary Hammer Drill Market Is Anticipated To Register A CAGR Of Over 4.2% During The Forecast Period.
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By Product Type, Wired Segment Held A Prominent Share In Global Rotary Hammer Drill Market In 2018
Wired rotary hammer drills offer faster drilling operation without any speed fluctuation. These products have wide application in commercial sector as it requires high voltage to operate. The wired segment operates on the principle of AC/DC current and provide increased level of runtime and power. Also, some of the manufacturers introduced products with ability of multi-level speed transmission which makes it applicable for different purposes.
Asia PacificIs Anticipated To Grow Rapidly During the Forecast Period
Asia Pacific is projected to witness fastest growth over the forecast period. The region is estimated to grow at a CAGR of 4.5% during the forecast period. The region has major production capacity for power tools. The key players operating in power tools sector have manufacturing plants in China and Taiwan which is expected to support the regional growth. Also, China is considered as the largest power tools exporter. Moreover, the rising middle-class population and willingness to spend in convenient power tools among households is expected to create growth opportunities for rotary hammer drill market in Asia Pacific
Global Rotary Hammer Drill market is consolidated in nature. More than 70% market share is occupied by 2-3 manufactures cumulatively. Moreover, the companies are focused on strategic mergers and acquisitions to strengthen their foothold in global market.
Prominent players operating in the Global Rotary Hammer Drill Market are: DEWALT, Robert Bosch Tool Corporation, Techtronic Industries Co. Ltd, Hilti Makita, TOYA S.A., Stanley Black and Decker, Inc., Wurth, Porter-Cable, and Indo-Spark Construction Services among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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