Power Hammer Market Trends and Key Developments 2018 to 2028

Steep Growth Curve in Global Power Hammer Market A Result of Thrust on Product Development 

Power hammers are mechanical forging hammers. They are called so because they use human muscular power to lift the hammer for striking and for acceleration or deceleration of the momentum. They are also known as “Open Die Power Forging.” Those are used by bladesmiths, blacksmiths, and metalworkers. The various kinds of products in the global power hammer market can be broadly classified as hydraulic power hammer, pneumatic power hammer, steam power hammer, and mechanical power hammer. 

Supported by Construction and Automotive Industries, Power Hammer Market Set to Rise 

The global power hammer market is a part of the broader power tools industry which is growing exponentially owing to their wide ranging uses in different industries. The automotive and construction industries are particularly driving demand in the industry. With continued innovations leveraging latest technologies, the industry is set grow in the near term as well.

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When it comes to the global power hammer market, innovations are at the heart of driving growth. Manufacturers are coming up with more effective tools to suit an array of applications. Those include power hammers for household work that involve forging and also for industrial applications. Currently, there is widespread usage of power hammer in the industrial open die forging.  The aerospace, automotive, defense, and factory automation are some of the key segments driving demand in the global power hammers market.

Manufacturers Focus of Pricing and Compact Models To Up Sales

Power hammers are used both in general and heavy forging. Keeping their range of functionalities in mind, manufacturers are trying to keep their prices reasonable. They are also coming up with compact models that are easy to operate and economical with respect to consumption of power. Today’s power hammers fall into one of three categories: mechanical, utility, and self-contained.

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The global power hammer market has to contend with one major challenge – dearth of trained professionals to handle the bulky and heavy instruments. However, the market will still taste good growth in the near term owing to the rising urbanization leading to heavy construction activities. 

Construction Boom in Developing Asia Pacific and Latin America Bodes Well for Power Hammer Market 

From a geographical standpoint, developing nations in Latin America and Asia Pacific are projected to hold out maximum growth opportunities in the global power hammer market. This is because of the rising construction and manufacturing activities in the region which is expected to drive up demand for metal forging equipment and tools. All these are a result of the efforts by governments to build infrastructure and industries to drive development of the nations. Europe is another major power hammer market owing to the industrial development in the region. 

Power Hammer Market Sees Robust Competition As Players Focus of Product Development and Deal-making

The global power hammer market is characterized by healthy competition. This is mainly on account of money being poured by manufacturers into product development. Some of the deep pocketed players are also seen engaging in expansion activities to tap into various markets. Take for example Baileigh Industrial, Inc., a prominent manufacturer in the global power hammer market. It recently acquired Rusch Machine and Design, Inc., of Two Rivers to expand its footprints into Asia, Latin America, Russia, and the the South Pacific Rim. The acquisitions would also help it gain a stronger foothold in Europe.

Some of the key players in the global power hammer market are Prada Nargesa, Power Hammer, Baileigh Industrial, Inc., Anyang Hammers, Blacksmith Tools Centre PERUN, and The Bharat Engineering Metal Works.

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