Vibratory Hammer Market Is Determined To Reach CAGR 4.5% By 2026Posted by Pradnya on December 2nd, 2019 Persistence Market Research delivers key insights on the global vibratory hammer market in its latest report titled “Vibratory Hammer Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026”, which examines the vibratory hammer market and offers critical insights for the next eight years. Based on the findings specified in the report, the vibratory hammer market is expected to witness steady growth over the forecast period, led by increasing investments in infrastructural development and offshore wind farms. The long-term outlook for the global vibratory hammer market is expected to remain positive and the market is expected to expand at a CAGR of 4.5% during the forecast period (2018–2026). Global Vibratory Hammer Market: Dynamics Recovery in the construction industry across the globe is accelerated by the steady growth in population, which is resulting in growth in the demand for construction equipment. This, in turn, will propel the growth of the vibratory hammer market. Furthermore, technological advancements in hydraulic fracturing have resulted in a major shift from conventional utilities production to non-conventional shale gas and tight oil production. Growing production of shale gas and tight oil, especially in the U.S. and Canada, is expected to result in an increase in foundation works for production facilities and thus, is likely to amplify the demand for vibratory hammers. Another prime factor expected to drive the growth of the vibratory hammer market is increasing investment for the development of offshore wind farms to meet the renewable energy targets. Despite having significant market potential, the vibratory hammer market is expected to face stiff competition from impact hammers and a large rental fleet. The rental business is expected to hamper the growth of the vibratory hammer market as construction contractors mostly prefer to rent equipment rather than owning new vibratory hammers.
Global Vibratory Hammer Market: Segmentation Overview
Global Vibratory Hammer Market: Regional Overview North America, followed by Western Europe, dominated the global vibratory hammer market in 2017. APEC and China are pegged to be the most lucrative regions for the growth of the vibratory hammers market and this growth can be attributed to the noteworthy investment towards infrastructural development and strong economic outlook. Further, the top 7 countries in the vibratory hammer market account for about half of the overall market. The vibratory hammer market is expected to witness significant growth in developing economies over the forecast period, owing to the rapid growth of the construction industry. Global Vibratory Hammer Market: Vendor Insights The report highlights some of the leading companies operating in the global vibratory hammer market, such as BAUER Maschinen GmbH, Liebherr Group, American Piledriving Equipment, Yongan Machinery Co.,Ltd, Guangdong Liyuan Hydraulic machinery Company Ltd, EMS GROUP, . International Construction Equipment, OMS Pile Driving Equipment GmbH, Hercules Machinery Corporation, Xuzhou Hercules Machine Manufacture Co., Ltd., Hydraulic Power Systems, Inc., ABI Equipment Limited, PTC (Fayat Group) and Les Produits Gilbert Inc., among others. Like it? Share it!More by this author |