Rise in Infrastructural Projects and Expansion of Manufacturing Industry in the Country to Drive the Power Tools Market in India: Ken Research
Growth of power tools market is anticipated to be led by the expanding manufacturing sector in the country, rise in construction projects, augmenting DIY segment, increase in personal disposable income, growth in manufacturing industry and commencement of new campaigns, product launches and launch of new distribution channels. • The leading players in Power Tools industry are Bosch India, Makita India, Stanley Black & Decker India, Hitachi Koki, Hilti, FEIN Power Tools The power tools market in India has witnessed robust growth over the period FY’2011-FY’2016. The market has witnessed a double digit CAGR during the period FY’2011-FY’2016 in terms of revenue. The massive growth in manufacturing, construction, DIY Segment and e-commerce sector had majorly driven the market of power tools. Additionally, Make-In-India initiative by the government, many companies are attracted to open their offices and start operations in India.
Electric breakers contributed the majority in the revenues of overall electric power tools in FY’2016 due to higher utility and price as compared to other electric power tools. Portable electric power tools generated higher revenues as compared to their stationary counterparts. Most of the demands for electric power tools were witnessed from the construction sector as the industry accounted for generating more than 40% share in the overall revenues in FY’2016. The organized sector had dominated the market in FY’2016. In FY’2016, Bosch was the market leader in electric power tools market. Stanley was the second largest player in this segment and registered a robust market share in FY’2016. In FY’2016, more than 20% of the total revenues from power tools were generated from pneumatic segment of power tools. Presence of large number of power tools in pneumatic tools and bestselling tools such as grinders, hammers, stapling guns are the major revenue drivers in this category. They are light weight, easier to operate and deliver higher power and torque as compared to electrical counterparts. These products found wide scale applications in the construction industry. Increased construction activities in the country necessitated the demand for these tools.
In FY’2016, Hydraulic power tools accounted for about low share in the total market revenues. The major reason attributed for a low market share was the high cost associated with hydraulic power tools. Hydraulic tools delivered the most power and torque, operate at very low temperatures, can be used for underwater work and usually have a high lifespan requiring low maintenance. However, it initial cost of investment surfaced as the biggest hindrance in the adoption of such tools in the Indian market. According to the research report, the power tools market is anticipated to reach over INR 150 billion by FY’2021 due to PPP investment in smart cities in the country, increase in penetration rate of power tools in Tier 2 and 3 cities and rising number of entry of international companies in the country. “Focus on innovative and cordless power tools has emerged as a necessity across many sectors in the country. Leading players are opting for online sales through various portals to increase their focus on sales generation by revenue and volume. The rapid increase in the demand of power tools by organized and unorganized private players and also by the government sector will widen the market opportunities for the power tools vendors in India”, according to the Research Analyst, Ken Research.
Ken Research announced the latest publication on “India Power Tools Market Forecast to 2021 - Rise in Infrastructural Projects and Expansion of Manufacturing Industry to Drive Market” which provides a comprehensive analysis of power tools market in India. The report covers market size and segmentation of overall power tools and each type of tools, by type of technology, by source of energy, by regions, by application, by end user, by distribution channel and by organized and unorganized market. The report covers the market share and detailed company profile of leading players. The potential and future outlook for Power tools has also been discussed in the publication. The report provides detailed analysis of major players, their strategies, SWOT Analysis, Trends & Developments and major restraints and challenges with the Power Tools Market in India. The report also serves as a benchmark for existing players and every new player who wish to capitalize the market potential and investors who are looking forward to venture into the power tools market in India. • Key Topics Covered in the Report: • India Power tools Market Introduction and Size • India Power tools Market Segmentation • By Types of technology (Electric, Pneumatic, Hydraulic and Powder-Actuated Power Tools) • By Regions (Tier 1,2 and 3 cities)
India Electric power tools Market Introduction and Size • India Electric power tools Market Segmentation • By Products (Drills, Electric Screwdrivers, Routers and Planers, Sanders, Saws and Angle Grinders) • By End users (Residential and Non Residential) • By Application (Construction, Manufacturing, Engineering, Wood working, Metal working, Automobile, Marble Working and Household/Gardening) • By Organized and unorganized Sector Players, • by Portable and stationary tools • By Distribution Channel (Dealers, workshops, direct sales, online sales) • India Pneumatic power tools Market Introduction and Size • India Pneumatic power tools Market Segmentation • By Products (buffers, nailing and stapling guns, grinders, drills, jack hammers, chipping hammers, riveting guns, sanders and wrenches) • By End users(Residential and Non Residential) • By Application(Construction, Manufacturing and Metal working) • By Organized and unorganized Sector • By Distribution Channel (Dealers and direct sales)
India hydraulic power tools Market Introduction and Size • India hydraulic power tools Market Segmentation • By Application(Construction, Manufacturing, automobile and others) • By Organized and unorganized Sector • by Portable and stationary tools • By Distribution Channel (Dealers and direct sales) • India Powder-Actuated power tools Market Introduction and Size • India Powder-Actuated power tools Market Segmentation • By Application (Construction, Manufacturing, Wood working, Metal working and others) • By Organized and unorganized Sector • By Distribution Channel (Dealers and direct sales) • By End users (Residential and Non Residential) • Initiatives by government and industrial and labor laws for Power Tools In India (for manufacturing companies) • Growth Drivers and Challenges in India Power Tools Market • Restraints and Challenges in India Power Tools Market • Decision Making Procedure by end users In India Power Tools Market • Market Share of Major Players in India Power Tools Market • Company Profile of Leading and Emerging Players in India Power Tools Market • Import and Export scenario in India Power Tools Market
India Power Tools Market Future Outlook and Projections • Analyst Recommendation • Macro Economic Variables Impacting the India Power Tools Market Key Product Mentioned in the Report Electric power tools: Drills, Electric Screwdrivers, Routers and Planers, Sanders, Saws and Angle Grinders Pneumatic Power Tools: Buffers, Nailing and Stapling Guns, Grinders, Drills, Jack Hammers, Chipping Hammers, Riveting Guns, Sanders and Wrenches Hydraulic Power Tools: Hammer Powder Actuated Power Tools: Nailers, Nail Guns and Fasteners • Companies Covered in the Report • Bosch India • Stanley • Black&Decker India
Hitachi Koki Hilti Makita FEIN Power Tools To know more on the “Power Tools Market in India”, click on the following link: https://www.kenresearch.com/energy-and-utilities/power/india-power-tools-market-statistics/46154-103.html • Related Reports: • India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities
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