Global Rotary Hammers Market: Dynamics
The global rotary hammers market is mainly fueled by the construction activities and level of the government spending for new infrastructural developments.
Among product type, cordless rotary hammers are likely to outpace the demand for corded rotary hammers due to various advantages and cost-effectiveness. In addition, cordless rotary hammers are mostly suitable for tight spaces and remote areas where power is not accessible.
Corded rotary hammers are predominantly purchased by contractors that are required to drill holes for all day long. Whereas, the convenience of cordless rotary hammers and its compact size offer a good performance, thereby, augmenting the demand for rotary hammers.
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Global Rotary Hammers Market: Regional Outlook
North America and Europe are the prominent markets for rotary hammers against the backdrop of high awareness for the product. Furthermore, China and India are set to observe the promising growth in the rotary hammers market.
The demand for rotary hammers in Latin America are expected to mainly influence by the growing shift from hand tools to power tools. Also, Middle East & Africa to remain one of the high growth import-driven regions over the coming years in the rotary hammers market.
Prominent Latin American economies are poised to witness stronger GDP growth in the coming years, mirroring the foreseen high-level growth in construction activities. Subsequently, Argentina, Brazil, and Chile are anticipated to observe substantial growth in the rotary hammers market.
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Important doubts related to the Rotary Hammers Market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the keyword market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
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Global Rotary Hammers Market: Key Participants
List of some of the prominent market participants in the global rotary hammers market discerned across the value chain include:
- Robert Bosch Tool Corporation
- Milwaukee Electric Tool Corporation
- Stanley Black & Decker, Inc.
- Makita U.S.A., Inc.
- Ryobi Limited (Techtronic Industries)
- Hitachi Power Tools
- Yongkang Xiaocheng Electric Appliance Co., Ltd.
- Zhejiang Hangbo Power Tools Co., LTD
- Yongkang Xulang Industry and Trade Co., Ltd.
- Hilti AG
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