Steady Growth Forecast For Rotary Hammer Drill Market

The global rotary hammer drill market size is expected to reach US$1.81 billion by 2025 and projected to expand at a compound annual growth rate (CAGR) of 3.7 per cent during the forecast period, says a report by Grand View Research, Inc. Rising demand for home-based lightweight power tools which can be used in small drilling activities is propelling the product demand. The rotary hammer drill market is brimming with demand from developing countries due to continuous growth in the construction sector there. Also, the wireless product segment is experiencing a greater push in growth as there has been an observed increment in the popularity of do-it-yourself (DIY) culture all over. Greater innovation in the sector by key players is set to keep the demands in a growth overdrive. For instance, Bluetooth connected hammer drill machines that provide real-time drill data on mobile and laptop is anticipated to bode well for the market. Other innovations by key industry players will boost market growth. Residential application is expected to register a CAGR of four per cent from 2019 to 2025. Increasing numbers of residential complexes in emerging economies including China and India are anticipated to remain a key growth driver.