Press release
Electric Hammer Market To Observe Strong Development by 2021-2031
• An electric hammer, sometimes known as a hammer drill, is an electrically driven hammer used for riveting and caulking. It is an instrument used to hammer nails and other fasteners into materials such as wood and plaster. Electric hammers are commonly employed in masonry work and by amateur do-it-yourself enthusiasts, and their force is measured in blows per minute. The market for electric hammers is expected to witness significant growth during the forecast period.
Key Drivers and Opportunities of the Global Electric Hammer Market
• Rising appeal of electric hammers as a power tool for domestic chiseling and drilling activities is projected to fuel growth. Furthermore, factors such as the rapid growth of the construction sector in developing economies around the world as a result of supportive government policies aimed at infrastructural development and urbanization are expected to drive demand for electric hammers from both the residential and commercial sectors.
• Manufacturers of electric hammers are expected to benefit from growth in the construction industry in developing nations due to their widespread application. In addition, companies are extending their reach into new markets. As a result, the worldwide electric hammer market is expected to grow during the forecast period.
• Furthermore, the growing desire for technologically advanced and creative equipment is expected to provide manufacturers with lucrative business possibilities in the future. Increased research and development activities, as well as the development of sophisticated solutions at lower rates may open up new opportunities for the worldwide electric hammer market.
• Electric hammers while drilling causes vibrations. It detracts from the accuracy of placing nails or fasteners. Furthermore, electric hammers have electrocution risks associated with it. The above mentioned factors are expected to hamper the electric hammer market during the forecast period.
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Asia Pacific to Hold Major Share of the Global Electric Hammer Market
• In terms of region, the electric hammer market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is projected to be the leading region for the worldwide electric hammer market in the coming years due to rising demand from a variety of end-use industries such as mining, automotive, and construction
• Furthermore, North America and Europe occupy a significant share of the worldwide electric hammer market due to a growing desire for technologically sophisticated goods.
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Key Players Operating in the Global Electric Hammer Market
• Hilti Corporation
• J C Bamford Excavators Ltd.
• Koki Holdings Co., Ltd.
• Makita Corporation
• Metabowerke GmbH
• Robert Bosch Tool Corporation
• Stanley Black & Decker, Inc.
• Techtronic Industries Company Limited
• The Atlas Copco Group
• The Würth Group
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