July 15, 2022 12:30 ET | Source: FACT.MR FACT.MR
United States, Rockville MD, July 15, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider – The global power hammer market is set to reach a valuation of US$ 804.6 million in 2022 and further expand at a CAGR of 5.2% to end up at US$ 1.33 billion by 2032.
Consistent increase in demand for pneumatic hammers in manufacturing industries due to execution of small and large projects and to enhance the efficiency of a range of industrial projects across the globe is a major factor estimated to drive the pneumatic hammers market in the next few years. Tthe global Power hammer market is expected to reach US$ 1.33 Bn by the year 2032.
Forge welding procedures do involve usage of power hammers. The other usage is steel tool striking and rivet closure, apart from forging.
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Key Takeaways from Market Study
“Multi-tasking and curtailing on downtime to increase inclination towards power hammers” says a Fact.MR analyst.
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“Key Market Players Concentrating on Changing Pricing Policy & Development of Technologies to Produce Improved Power Hammers”
The key participants are focusing on incorporation of new-fangled technologies to keep themselves afloat.
Key Segments Covered in Power Hammer Industry Research
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Fact.MR, in its new offering, presents an unbiased analysis of the global power hammer market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by type (pneumatic power hammers, hydraulic power hammers, mechanical power hammers, and steam power hammers), by industry (automotive, marine, metal fabrication, and likewise), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
Fact.MR’s Domain Knowledge in Industrial Goods
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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