According to a research report titled ‘Global Rotary Hammer Drill Market Size study, by Product (Wired and Wireless), by Distribution Channel (Direct Selling, Hypermarkets & Retail Chains, E-Commerce and Others), by Application (Residential and Commercial) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global rotary hammer drill market valued at USD 1.52 billion in 2020 is expected to grow with a CAGR of 3.7% over the next six years and is likely to reach a valuation of USD 1.96 billion by the year 2027.
 

Surging infrastructural developments around the globe is driving global rotary hammer drill market growth. In this context, in 2017, World Economic Forum revealed that China spent 8.3% of nation’s GDP in infrastructure projects, followed by 5.6% in India, 4.4% in Australia, and others.
 

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For the unversed, rotary hammer drills are used for repetitive drilling of concrete, large anchor holes, and masonry walls. Increased launching of new products owing to rising adoption of technologically improved items will propel the market trends. Supporting the statement, Milwaukee Electric Tool Corp. introduced new MX4 SDS Drill Bits, Hammer Drill Bits, and SHOCKWAVE Multi-Material Drill Bits in June 2020.
 

Moreover, surging demand for power tools to ease the drilling, rising usage of electronic products, along with reduced labor costs will provide growth opportunities in the global rotary hammer drill market. However, high maintenance cost may stifle the growth graph during 2021-2027.
 

On the basis of product, the market is divided into wired, and wireless. While based on distribution channel, the marketplace is categorized into direct selling, hypermarkets & retail chains, e-commerce, and others. As per application ambit, the industry is bifurcated into residential, and commercial.
 

Considering geographical landscape, the industry sphere spans across Asia Pacific, North America, Europe, Latin America, and Rest of the World. Out of these, North America is the leading region in terms of revenue generation, owing to growing demand for luxurious home décor products, and high labor cost.
 

Whereas Asia Pacific market is predicted to exhibit the impressive growth trends during 2021-2027 because of growing construction activities, increasing demand for home equipment, and rising disposable income.
 

The key players in global rotary hammer drill market are Robert Bosch Tool Corporation, Stanley Black & Decker Inc., Porter-Cable, INDO-SPARK CONSTRUCTION SERVICES, Würth Group, Makita Corp., TOYA S.A., DeWalt Industrial Tool Company, and Techtronic Industries Company Limited.