Global Down-the-Hole Hammer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Down-the-Hole Hammer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A down-the-hole hammer (DTH hammer) is a tool that can be attached to the end of a drill string and inserted into a bore. The fast hammer action breaks hard rock into small cuttings and dust that are evacuated by a fluid (air, water or drilling mud). The DTH hammer is one of the fastest ways to drill hard rock.

Market Overview:

The latest research study on the global Down-the-Hole Hammer market finds that the global Down-the-Hole Hammer market reached a value of USD 642.76 million in 2022. It’s expected that the market will achieve USD 797.97 million by 2028, exhibiting a CAGR of 3.67% during the forecast period.

COVID-19 Impacts on Current Market

The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on down-the-hole hammer industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, during the COVID-19 period, the logistics speed slowed down or even stopped, and the supply of raw materials for down-the-hole hammer production was tight. The company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected. After the epidemic is over, it will also face the financial pressure of rising costs caused by the shortage of raw materials.
COVID-19 has a certain impact on the operation of down-the-hole hammer industry, especially on small and medium-sized enterprises. COVID-19 aggravates the shortage of funds for small and medium-sized enterprises and reduces the solvency of companies. Some small and medium-sized enterprises are in trouble or even go bankrupt.
The epidemic may cause some small and medium-sized enterprises to withdraw from the market, thus increasing market concentration. Large enterprises with high anti-risk ability and good ability to cope with epidemic situation will occupy more market share. Some small businesses may be merged and acquired.

Market Challenges/Risks

Raw materials are an important part of down-the-hole hammer industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of down-the-hole hammer. Since last year, the fluctuation of global commodity prices has intensified. Most down-the-hole hammer manufacturers are facing the pressure of rising raw material costs, which brings a lot of troubles to their business operations. The market price of various metal raw materials has been rising continuously this year. The rising prices of raw materials have seriously affected the profits of enterprises. Therefore, if the company can't effectively reduce costs and improve efficiency, and maintain the bargaining power of product prices, there will be the risk of falling gross profit margin and performance.
With major manufacturers and suppliers in the down-the-hole hammer industry competing globally, the intensity of competition within the down-the-hole hammer industry has increased. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The presence of numerous players that offers down-the-hole hammer at lower prices to attract price-sensitive customers poses a significant threat to the market.
At present, there are many participating enterprises in the down-the-hole hammer industry. In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality, sales channels and R&D strength, they will be unable to maintain their existing competitive position in the down-the-hole hammer market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Sandvik is one of the major players operating in the Down-the-Hole Hammer market, holding a share of 24.08% in 2022.

Sandvik is an engineering group in mining and rock excavation, rock processing, metal cutting and materials technology, providing optimized products and solutions based on digitalization, innovation and sustainable engineering.

Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification.

Segmentation Overview:

Among different product types, Pneumatic DTH Hammers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Mining segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Down-the-Hole Hammer market covered in Chapter 3:

Drill King
Center Rock
Rock Hog
JK Drilling
Heijingang (Black Diamond)
Drillco
Sandvik
Epiroc
Numa
LKAB Wassara
Mincon
Robit
Rockmore International
Boart Longyear

In Chapter 4 and Chapter 14.2, on the basis of types, the Down-the-Hole Hammer market from 2018 to 2029 is primarily split into:

Hydraulic DTH Hammers
Pneumatic DTH Hammers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Down-the-Hole Hammer market from 2018 to 2029 covers:

Quarries
Mining
Construction
Water Well
Oil and Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)