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Allied Market Research

Pneumatic Hammers Market by Product Type (Electric Pneumatic Hammers and Hydraulic Pneumatic Hammers) by Application (Metallurgical Industry, Steel Plant Industry, Construction Industry and Road Construction & Demolition): Global Opportunity Analysis and Industry Forecast, 2021-2030

A12147
Pages: NA
Sep 2021 | 83 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

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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.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, and Region

  Regions covered

  North America, Europe, Asia Pacific and LAMEA

  Companies covered

Robert Bosch GmbH, Trow & Holden Company, Ingersoll-Rand plc, Atlas Copco (India) Ltd., Unior, Chicago Pneumatic, TML Technik GmbH, NPK Construction Equipment, Inc., AIRCAT Pneumatic Tools, OLI SpA, Elliott Tool Technologies, BBG Baugerate GmbH

 

COVID-19 scenario analysis:

  • COVID-19 pandemic has shut-down the production of various products in the Pneumatic hammers industry attributed to the lockdown in countries worldwide. This has hampered the growth of Pneumatic hammers market from the last few months and is likely to continue during 2021.
  • COVID-19 has already affected the sales of Pneumatic hammers in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
  • The major demand for Pneumatic hammers was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for Pneumatic hammers.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Pneumatic hammers manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
  • Pneumatic hammers manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce

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 segments covered:

Segments

Subsegments

  Type

  • Electric Pneumatic Hammers
  • Hydraulic Pneumatic Hammers

  Application

  • Metallurgical Industry
  • Steel Plant Industry
  • Construction Industry
  • Road Construction and Demolition

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Pneumatic hammers industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Pneumatic hammers market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global Pneumatic hammers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Pneumatic hammers market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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