Jackhammer Market Trends, Key Segments, Top Vendors, End Users and Forecast by 2026

The jackhammer market is a niche industry that caters to the construction, demolition, and mining sectors. It primarily involves the manufacturing and distribution of heavy-duty, industrial-grade jackhammers that are designed to break through tough materials like concrete, asphalt, and rock. The market is highly competitive, with several established players competing for market share through innovative product offerings, superior quality, and competitive pricing. 

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.

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Top Companies
Atlas Copco, DEWALT, Einhell Germany AG, HiKOKI Power Tools, Hilti Corporation, Makita Corporation Milwaukee Tool, Robert Bosch Tool Corporation, STANLEY Infrastructure, and TR Industrial.

For instance, in October 2017, Milwaukee, a brand of TTI, launched new K 2500 H Breaking Hammer. The new hammer features low vibration operation and can be used for applications such as cutting asphalt, digging through clay, breaking up trenches, digging, and others. Similarly, in April 2018, Hilti launched the new demolition hammer TE 2000-AVR and a pointed chisel attachment, TE-SPX SM. The new product is in 26 ft-lbs category and has a weight of 33 lbs. It also features AVR sub-chassis system, which improves the product performance and allows maximum working comfort.

The demand for jackhammers is largely dependent on the construction and infrastructure development projects in different regions. The global jackhammer market is expected to grow significantly over the next few years due to the rising demand for infrastructure development and increasing construction activities in emerging economies. The market is also expected to witness a shift towards more environmentally-friendly jackhammers, as regulations and consumer preferences continue to prioritize sustainability and reduced environmental impact.

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Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing for business expansion, and in the metal and coal mining sector, which is anticipated to boost the demand for the equipment such as jackhammers. For instance, in September 2019. Atlas Copco, a manufacturer of industrial tools and equipment had invested $13.4 million for the expansion of the manufacturing facility in Hyderabad, India, doubling its capacity. Through this move Atlas Copco aims to increase its footprint in the Asia-Pacific region and expand its business.

In 2018, Europe dominated the global jackhammer market, in terms of revenue, accounting for around 47.4% share of the global market, followed by North America. The economy of Europe region has grown over the past couple of years, which in turn boosts the growth of the construction and mining industry. This in turn is expected to fuel the growth of the market.

The major players in jackhammer market such as Techtronic Industries Company Limited, Stanley Black & Decker, Inc., and INDECO Ind. SpA. have focused on developing new products to strengthen their presence in the market.

Moreover, these companies expand their business by launching innovative products to sustain the intense competition. For instance, in June 2019, Indeco launched new HP 100 mini hammer, which is the smallest model in Indecos's product offering. It has a weight of 130 pounds and can be attached to excavators between 0.7 and 0.8 tons. Similarly, in May 2017, Stanley Infrastructure, a subsidiary of Stanley Black & Decker, launched new MBF5 line of hydraulic breaker. The series includes 6 new models ranging from 4,500lbs to 13,500lbs. The new product requires less maintenance and is cost effective especially for rental applications.

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