Press release
Jackhammer Market Worth $361.2 Million by 2026 | Business Outlook, Key Drivers & Growth Factors
Jackhammer Market
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According to a new report published by Allied Market Research, titled, "Jackhammer Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global jackhammer market size was valued at $202.8 million in 2018, and is projected to reach $361.2 million by 2026, growing at a CAGR of 7.8% from 2019 to 2026.
There is an increase in adoption of jack hammers owing to its advantages such as durability, quiet operation, outstanding operator comfort, and low maintenance. Moreover, increase in construction of roads, tunnels, and railway tracks drives the jackhammer market growth. In addition, the increased demand for improving the transportation has also been noticed globally.
Therefore, there is an increase in demand for jack hammers in construction industries. Further, increase in demand for metal and mineral commodities globally is the major factor that boosts the growth of the mining and quarry industries. This in turn fuels the need for jack hammers.
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Jackhammer Key Market Segments:
By Type
Pneumatic
Electric
Hydraulic
By Application
Mining
Construction
Tunneling
Well drilling
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
Atlas Copco
DEWALT
Einhell Germany AG
HiKOKI Power Tools
Hilti Corporation
Makita Corporation
Milwaukee Tool
Robert Bosch Tool Corporation
STANLEY Infrastructure
TR Industrial
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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