Report Code: A12147 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Request Now !The power tool sector is experiencing growth owing to its widespread use across industries, particularly in the automotive and construction industries. The domination of power tools in the market translates to high demand for power hammer in numerous industries, thanks to technological breakthroughs and the development of new power tools. Power hammer is used extensively in industrial open die forging. Power hammer demand is expected to experience growth in the future as the global forging sector expands across many industries, particularly capital-intensive industries like automotive, aerospace, factory automation, and military. Higher efficiency, higher strength, higher striking rate, and high operation and production rate are some of the key qualities of the power hammer.
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Power hammer is used for heavy industrial forging by blacksmiths, bladesmiths, metalworkers, and various manufacturers. The industries produce demand-specific power hammers that are low cost, compact, easy to operate, and power efficient, with applications ranging from general to heavy forging. The pneumatic hammer industry is highly fragmented, with various manufacturers operating in both developed and developing countries. Furthermore, firms all around the world are attempting to acquire a competitive advantage by increasing product differentiation. In the future years, the surge in industrial sector is predicted to feed need for metal forging machines and equipment, which is anticipated to drive the need for power hammer.
Execution of small and large projects in coming years
A significant factor expected to drive the pneumatic hammers market in the coming years is an increase in demand for pneumatic hammers in manufacturing industries due to the execution of small and large projects and to improve the efficiency of a variety of industrial projects around the world. Manufacturing companies employ pneumatic hammers because they are highly efficient, reliable, cost-effective, and require little maintenance due to their easy functioning. Pneumatic hammers are in high demand all around the world as a result of this characteristic.
Surge in urbanization across developing countries
The pneumatic hammers market is anticipated to grow in the developing nations of Asia-Pacific, the Middle East and Africa, and South America attributed to metal forging and metal shaping applications in various sectors. There is an increased demand for pneumatic hammers in manufacturing industries and building activities in the region, which boosts the market growth.
Key benefits of the report:
Pneumatic Hammers Market Report Highlights
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Key Market Players | OLI SpA, Ingersoll-Rand plc, Chicago Pneumatic, Trow & Holden Company, Atlas Copco (India) Ltd., Robert Bosch GmbH, TML Technik GmbH, NPK Construction Equipment, Inc., AIRCAT Pneumatic Tools, Unior |
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