Global hydraulic hammer market to witness robust growth
Equipment

Global hydraulic hammer market to witness robust growth

The global hydraulic hammer market, valued at $1.2 billion in 2022, is projected to witness robust growth, with sales forecast to reach US$ 2.1 billion by 2033, growing at a CAGR of 5.6 per cent. The surge in demand is primarily due to ongoing modernisation and infrastructure development in the w...

The global hydraulic hammer market, valued at $1.2 billion in 2022, is projected to witness robust growth, with sales forecast to reach US$ 2.1 billion by 2033, growing at a CAGR of 5.6 per cent. The surge in demand is primarily due to ongoing modernisation and infrastructure development in the worldwide construction industry. These hammers play a pivotal role in activities like excavation and demolition, making them indispensable tools for infrastructure expansion and renovation. Despite encountering challenges such as labour and time constraints, their benefits have significantly streamlined operations. Their operational efficiency stands out as a key driving factor fuelling their demand across various industries and regions.

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