A rotary hammer drill is a power tool, which
perform heavy-duty tasks for instance drilling and chiseling hard materials,
commonly known as rotary hammer. It has a piston, which enables the pounding
action. It is extensively adopted in numerous sectors such as manufacturing,
construction, metal working, decoration, professional or personal use and
others. It is usually handheld-type, corded & cordless, i.e. battery
powered. It is suitable for overhead drilling and provide better impact energy
as compared to normal hammer drills. The key properties are included durable,
superior strength and great shock absorbing qualities.
According to study, “World
Rotary Hammer Drill Market Research Report 2024(covering USA, EU,
China, South East Asia, Japan and etc)” the key companies operating in the
world rotary hammer drill market are Robert Bosch GmbH, Hilti, Stanley Black
& Decker, Inc., Makita, Techtronic Industries Co. Ltd. (TTI), Milwaukee
Tool, Wurth, TOYA S.A., Metabo, Hitachi Power Tools, DEWALT, Yato Tools
(Shanghai) Co., Ltd. The profitability of individual companies depends on their
ability to offer accurately, secure contracts, and control costs. Large
companies appreciate economies of scale in financing and ability to offer a
wide range of services in many locations. Smaller companies can compete
efficiently by specializing in certain services or focusing on a certain
geography.
Based on product type, rotary hammer drill
market is segmented into corded rotary hammer drill and cordless rotary hammer
drill. Corded rotary hammer drill segment is further sub-segmented into single
mode corded, double mode corded and triple mode corded. Based on distribution
channel, market is segmented into offline channel and online channel. Offline
distribution channel holds major share owing to high preference for local
convenience stores. Online distribution channel is estimated to witness
lucrative growth due to rise in number of e-commerce portals offering
discounted prices and increase in services such as easy product replacement
& doorstep delivery during the anticipated period. In addition, based on
application, market is segmented into household application, construction
industry, and decoration industry.
The rotary hammer drill market is driven by increase
in construction activities, followed by rise in technology advanced products,
expand in automotive industries, supportive government policies, increase in
application in electrical & electronics shops, workshops, carpenter
centers, & manufacturing unit, rise in consumer awareness regarding luxury
home decor products with aesthetic appeal, increase in disposable income of
middle class population and growth in awareness regarding the benefits of
purchasing hammer drills in saving energy, time, and long term labor expenses.
However, high cost of product may impact the market. Moreover, increase in
innovations such as power cell technology is a key opportunity for market.
Based on geography, USA country holds major
share in rotary hammer drill market owing presence of local as well as global
manufacturers and rise in interest towards Do-It-Yourself (DIY) equipment in
the country. China country is expected to witness higher growth rate due to low
cost raw materials & economic labor and presence of numerous local rotary
hammer manufacturers over the forecast period. It is anticipated that the
market will be reached at fast pace on account of increase in popularity of the
product as a power tool equipment for household chiseling & drilling tasks
during the forecast period.
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