Electric Hammer Market - Global Outlook & Forecast 2024-2029

MARKET INSIGHTS

The global electric hammer market was valued at USD 4.85 billion in 2023 and is expected to reach USD 6.34 billion by 2029, growing at a CAGR of 4.58% during the forecast period. The market plays a significant role in the construction and renovation sectors. These robust tools, including rotary and demolition hammers, are essential for drilling, chipping, and breaking through tough materials like concrete, masonry, and brick. The electric hammer market is propelled by a growing demand for efficient and robust breaking and drilling equipment across diverse sectors like construction, mining, and woodworking. They also have various household applications, such as DIY projects. This upward trend is anticipated to persist, driven by continuous technological advancements, increasing infrastructure projects, and the overall expansion of the global construction market. Moreover, the growing emphasis on sustainability and energy efficiency in drilling operations is expected to contribute significantly to the continued adoption of electric hammers in the foreseeable future. The growth in the use and demand for Li-ion batteries, along with the rise in infrastructural developments, has surged the demand for these tools.

Recent Developments in the Electric Hammer Market

In 2022, Bosch expanded its "18V Power for All System" with the introduction of the UniversalHammer 18V. This cordless rotary hammer is designed for DIYers, offering versatility for various renovation projects. It stands out as the first of its kind to integrate a chiseling function from Bosch for DIY enthusiasts, combining four applications into one tool: hammer drilling, chiseling, drilling, and screwdriver.

In 2023, Koki Holdings unveiled a rotary hammer featuring an AC brushless motor. This innovative tool boasts a new low-vibration mechanism and a low-vibration handle, enhancing user comfort during operation. Its lightweight design improves maneuverability, reducing user fatigue and enabling more precise handling.

In 2023, Panasonic introduced its 18V cordless rotary hammer, emphasizing its compact and lightweight build. Equipped with a powerful dust collection system (DCS), this rotary hammer utilizes an independent motor for maximum drilling and dust collection efficiency. Additionally, the integrated HEPA filter in the EY1HD1 model ensures user and environmental protection from concrete dust exposure.

In January 2024, Hilti launched the TE 70-ATC/AVR Rotary Hammer, setting new standards for productivity and safety. With an impressive 14.5J of impact energy, powered by a brushless motor, this tool offers extended durability and performance. Its Active Vibration Reduction (AVR) feature enhances comfort and safety during operation, while the Active Torque Control (ATC) system minimizes common safety hazards, ensuring uncompromised user safety.

Makita introduced its latest product range in the electric hammer market, featuring a cordless hammer driver drill designed for excellent drilling capacity. The product is equipped with an electric brake for maximum productivity. This drill also incorporates Extreme Protection Technology (XPT), which is engineered to enhance dust and water resistance. This allows for operation in harsh conditions, ensuring durability and reliability on the job site.

MARKET TRENDS & DRIVERS

Advancement in Dust Collection System
The enhanced dust collection system is one of the major trends in the electric hammer market, led by various factors, including health & safety concerns, regulatory requirements, and enhanced technology. Concrete drilling and chipping produce huge amounts of dust comprising silica particles. Inhaling silica dust can lead to severe health problems like silicosis, a lung disease. Improved dust collection systems help to reduce dust exposure and protect worker health.

Several countries and workplaces are implementing stringent regulations regarding dust control during construction and demolition activities. In electric hammers, improved dust collection systems help contractors comply with these regulations and create safer work environments. Manufacturers are developing more efficient dust collection systems for electric hammers. For example, Panasonic's cordless rotary hammer has an optional dust extraction system, boasting a powerful motor exhaust vacuum system paired with a highly efficient filter designed to handle concrete particles effectively. With a generous 270ml dust box, this system is well-suited for continuous use, even in demanding construction site environments.

Rise in DIY Activities
Most adults indulge in creative and purposeful leisure activities in some developed economies like the U.S. and Europe. Some consumers also invest in home improvement and maintenance activities based on their personal interests. The concept is also gaining momentum in developing India, Brazil, and South African economies. Consumers in the residential sector often undertake repair and enhancement activities that improve their skills and prove cost-efficient. Furthermore, the presence of hypermarkets, supermarkets, and other specialty stores such as Home Depot offer more DIY products and drive the market for DIY tools, which eventually raises the market for electric hammers.

Manufacturers are creating electric hammers with user-friendly features that attract DIY users, including lighter-weight designs, variable speed control, and easy-to-change drill bits. The growth of DIY activities is estimated to propel the growth of the cordless electric hammer market in particular. Cordless models provide greater convenience and portability, which makes them suitable for DIY users who may not have readily available power outlets in their work areas. The market provides DIY users with an extensive range of cordless electric hammers with varying feature sets and power outputs. This enables DIYers to select a model that fits their project requirements and budget.

INDUSTRY RESTRAINTS

Availability of Alternative Solutions
The electric hammer market faces competition from alternative solutions catering to several industries, including construction. These alternatives comprise standard drill machines, hydraulic hammers, pneumatic hammers, and manual demolition tools, offering distinct advantages and meeting specific requirements. Pneumatic hammers use compressed air to generate power, an apt substitute for electric hammers. They are generally used in industrial settings and can offer similar levels of power and efficiency. Hydraulic systems power hydraulic hammers and are generally used for heavy-duty demolition tasks. Manual demolition tools are used for very small-scale demolition jobs; manual methods using tools such as chisels, sledgehammers, and crowbars can be an option. However, this is time-consuming, labor-intensive, and dangerous if not done appropriately. Also, highlighting the safety, efficiency, and increased productivity that electric hammers provide compared to labor-intensive manual methods or hazardous blasting techniques is crucial. By emphasizing these benefits, manufacturers can reinforce the value and competitiveness of their tools in the market.

SEGMENTATION INSIGHTS

INSIGHTS BY TYPE
The global electric hammer market by type is segmented into demolition and rotary hammers. The demolition hammer type segment held the most significant market share in 2023. Demolition hammer mainly focuses on heavy-duty demolition applications. The electric demolition hammer market has increased due to the expansion of the construction industry, mainly in developing economies like India, China, and Southeast Asia. This led to the growth in demolition projects for infrastructure development, urban renewal, and renovations of older buildings. Integrating dust management features in demolition hammers helps reduce dust generation during demolition work, leading to a cleaner and safer work environment. Demolition hammers, as compared to conventional manual demolition methods, provide substantial advantages in terms of efficiency, speed, and worker safety. Also, to improve the performance and user experience, manufacturers are constantly improving demolition hammers with higher impact force, vibration control technology, and dust suppression systems. Hammers with enhanced impact force enable faster demolition of denser and thicker concrete structures. Improved vibration-dampening systems improve operator comfort and reduce user fatigue during extended use.

INSIGHTS BY POWER SOURCE
The corded power source segment is expected to be the largest revenue segment of the global electric hammer market. Factors such as low upfront and long-run costs support the demand for this equipment in the market. The lower long-run cost is attributed to eliminating the need for battery replacement. This electric hammer is popular for rough terrains as it has high power and a direct plug-in-power source, which offers higher efficiency than cordless equipment. Moreover, this electric hammer is lightweight and requires little maintenance. Hence, all the above factors drive the demand for corded electric hammers in the market. Moreover, corded hammers offer a substantial advantage over cordless models in terms of uninterrupted power. This is vital for professional users who depend on their tools for demolition projects or long drilling without worrying about recharge times or battery life. Usually, corded electric hammers provide higher wattage or joule ratings than cordless models. At the same time, the cordless electric hammer industry is expected to grow at the fastest rate due to advancements in battery technology.

INSIGHTS BY APPLICATION
The global electric hammer market by application is segmented into commercial & industrial and residential. The commercial & industrial application segment is expected to be the largest revenue segment of the global market. Electric hammers are widely used in construction, manufacturing, and other industries. In the construction industry, electric hammers are used for various tasks, including light demolition, drilling holes, chipping concrete, and core drilling. It is also used to create channels for electrical wiring and plumbing. The rising demand for battery-powered electric hammers helps increase overall productivity and enhances employee experience. With the growing global construction industry comprising new public and residential construction activities, renovation and retrofit activities will add further demand for electric hammers over the next five years. Also, renovation activities will use electric hammers since they are easy to handle.

INSIGHTS BY DISTRIBUTION CHANNEL
The offline distribution segment is expected to be the largest revenue segment of the global electric hammer market. The offline distribution segment holds the major market share due to the high customer preference for comprehending the functionalities and usage of products before making the final purchase. Moreover, since electric hammers involve high costs, the preference for offline channels remains high to minimize the risk of receiving damaged products. Although the trend of selling these devices online is increasing, a significant share of electric hammer distribution occurs through specialty stores. The electric hammer producers harness specialty stores and supermarkets due to their personalized customer services. Supermarkets and hypermarkets are large stores with multiple product offerings under a single roof. Due to its convenience and ease of accessibility, this segment is also gaining momentum and becoming a priority for customers to shop from. Hence, these distribution channels hold a considerable share in the electric hammer market.

GEOGRAPHICAL ANALYSIS

The global electric hammer market is estimated to witness steady growth during the forecast period, driven by growth in construction activities, renovation activities, technological innovation, and the demand for convenience tools. North America dominated the global electric hammer market share, accounting for a share of over 34% in 2023. With the rise in green building regulations, high disposable income, and a rise in immigration rates, the demand for electric hammers is expected to witness a surge during the forecast period. Furthermore, large-scale industries, such as construction, drive the market for Li-ion-operated hammers in the region. Also, the DIY culture is highly predominant in the region and requires tools, such as electric hammers, when working on tough materials, such as concrete and others.

APAC is projected to witness the fastest CAGR in the global electric hammer market during the forecast period, mainly due to the dominant construction industry. APAC's market growth is mainly driven by countries such as India, China, Australia, South Korea, and Japan. The strong economic growth, increased construction activities, and rising disposable income have been significant factors supporting the growth of the electric hammer market in the region. Also, rapid urbanization and infrastructure development have resulted in the rise of megacities in fast-growing economies. The rising urban population and renovations have also supported the growth of the construction industry. Due to strong investments in infrastructure spending, especially in Australia, China, Hong Kong, Japan, the Philippines, Singapore, Taiwan, Thailand, Myanmar, and Vietnam, these countries are the most potential markets for electric hammers.

COMPETITIVE LANDSCAPE

The global electric hammer market is moderately fragmented and is dominated by vendors such as Stanley Black & Decker, Bosch, and TTI. These major vendors have a global presence in the three major regions of North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and mergers and acquisitions.

Vendors manufacture electric hammers with innovative product specifications to capture consumer interest and improve user convenience. Users expect electric hammers to be more lightweight and compact yet powerful, with a wide range of customizations. Global brands in the electric hammer market are introducing features such as longer operation duration. Thus, global and domestic leaders' constant incorporation of technological innovations in products is expected to intensify the competition among manufacturers.

With the growth in DIY culture and the demand for more user-friendly tools, vendors are customizing their tools for home improvement activities. Consequently, electric hammers from TTI and Stanley are being designed for DIY enthusiasts. They are more compact, lightweight, and affordable and support multiple activities. Hence, vendors can afford more power tools with rechargeable batteries under the DIY product ranges, which are expected to be in the limelight throughout the forecast period.

ABOUT THE REPORT

The global electric hammer market forecast covers 2024 to 2029, with the base year of 2023. The market is segmented by type, power source, application, distribution channel, and geography. The report offers a comprehensive analysis of the global electric hammer market to facilitate a thorough market analysis for customers