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Demolition Hammers Market Share
In 2023, key companies like Hilti, Hitachi, Bosch, Makita held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Companies are heavily investing in research and development to develop advanced and smart demolition hammers that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.
Demolition Hammers Market Companies
Major players operating in the demolition hammers industry are:
- Bauer
- Dewalt
- Einhell
- Ferm International
- Hilti
- Hitachi
- Koki Holdings
- Makita
- Milwaukee
- Robert Bosch Tool Corporation
- Stanley Black & Decker
- TR Industrial
- Vevor
How big is the demolition hammers market?
The global market for demolition hammers was reached USD 2.63 billion in 2023 and is estimated to grow at a 5.3% CAGR from 2024 to 2032, driven by increased construction and renovation activities.
Why is the use of electric demolition hammers rising?
The electric segment was worth around USD 1.3 billion in 2023 and is expected to grow at a 5.9% CAGR from 2024 to 2032, due to their reduced pollutant emissions and compliance with stricter environmental regulations.
What is the size of the building & construction segment in the demolition hammers market?
The building & construction segment held around 46.5% of the market share in 2023 and is anticipated to grow at a 5.6% CAGR from 2024 to 2032, led by ongoing infrastructure development.
What trends are influencing the U.S. demolition hammers market?
The U.S. demolition hammers market was crossed USD 510 million in 2023 and is expected to grow at a 5.3% CAGR from 2024 to 2032, propelled by urbanization and substantial infrastructure investments.
Who are the major players in the demolition hammers market?
Major players in the industry include Bauer, Dewalt, Einhell, Ferm International, Hilti, Hitachi, Koki Holdings, Makita, Milwaukee, Robert Bosch Tool Corporation, Stanley Black & Decker, TR Industrial, and Vevor.