India Power Tools Market (2020-2026) | Outlook, Revenue, Forecast, Share, Analysis, Size, Industry, COVID-19 IMPACT, Companies, Value, Growth & Trends

India Power Tools Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 51.42% over the previous year. While Germany registered a growth of 66% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India had a Herfindahl index of 3812 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  5295 which signifies high concentration in the market.

India Power Tools Market - Export Market Opportunities

Latest 2023 Developments of India Power Tools Market 

The India power tools market has been attaining steady growth, and the growth of this market is driven by factors like urbanization, increasing do-it-yourself (DIY) activities, and infrastructure development. Technological advancements are also supporting the market growth. There are continued innovations in power tools technology in the country, which help in the market progress. The do-it-yourself urfe has been also attaining growth in India, which is leading to a rise in demand for power tools among hobbyists and homeowners.

Manufacturers in the market are anticipated to continue prioritizing safety features as well as ergonomic designs in order to enhance user experience and decrease the risk of accidents. There is a high demand for cordless power tools, especially in segments such as drills, impact drivers, as well as screwdrivers, which will to continue rise attributed to the convenience and portability they offer. Government-led initiatives such as "Make in India" and increased investments in infrastructure projects also drive the demand for power tools in the country. There is a rising interest in energy-efficient and eco-friendly power tools, with a rising focus on sustainability.

Topics Covered in India Power Tools Market

The India power tools market report thoroughly covers the India power tools market by technology, tool types, verticals, and regions. The India power tools market outlook report provides an unbiased and detailed analysis of the India power tools market trends, opportunities/ high growth areas, and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

India Power Tools Market Synopsis

India Power Tools Market is anticipated to witness notable growth during the forecast period. A rapid shift in consumer preference from hand tools to power tools on account of several factors such as better durability, precision, performance, and convenience has resulted in significant demand for power tools in recent years. The majority of the demand for power tools in the Indian market could be witnessed in verticals such as construction, industrial, and transportation. Although international brands namely Bosch, Stanley, and Makita emerged as the key players in the market, the Chinese power tools are being highly preferred by price-sensitive consumers across the small-scale industries, residential sector, and DIY consumer segment. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.

According to 6Wresearch, India Power Tools Market size is projected to grow at a CAGR of 8.4% during 2020-2026. The power tools market size in India is projected to gain traction in the forthcoming years on the back of increasing product acceptance across all major verticals including construction and residential sectors. Additionally, an increase in the number of middle-class families and the youth population has accelerated the adoption of electric vehicles in the country and is likely to widen the product demand during the maintenance of automobiles. In line with this, the power tools speed up the repetitive process of tightening and loosening nuts and bolts is estimated to leave a positive impact on the market demand and would benefit the growth of the India power tools market in the upcoming six years.

Market Analysis by Technology

In terms of technology type, electric power tools have emerged as a major market shareholder in the India power tools market in 2019, owing to their comparatively lesser price, maintenance, and convenience to handle in comparison to pneumatic power tools. As technological advancements and innovations are taking place in power tools, the revenues and revenue share of cordless electric power tools is expected to increase further in the years to come.

The power Tools Market in India is projected to gain traction in the upcoming six years backed by the rising potential growth of the automotive sector in the years to come. The increase in the adoption of electric vehicles in the country due to cease the carbon emission rate coupled with the increase in passenger vehicles where three-wheeler is increasing at a rapid pace and is leading to increasing the manufacturing of vehicles and is estimated to proliferate the use of power tools and is expected to boost the optimistic growth of to power tools in the country in the forthcoming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report

• India Power Tools Market Overview
• India Power Tools Market Outlook
• India Power Tools Market Forecast
• Historical data of India Power Tools Market Revenues for the Period 2016-2019
• India Power Tools Market Size and India Power Tools Market Forecast of Revenues, until 2026
• Historical data and Forecast of India Power Tools Market Revenues, By Tool Types, for the Period 2016-2026
• Historical Data and Forecast of India Power Tools Market Revenues, By Technology, for the Period 2016-2026
• Historical Data and Forecast of India Power Tools Market Revenues, By Verticals, for the Period 2016-2026
• Historical Data and Forecast of India Power Tools Market Revenues, By Regions, for the Period 2016-2026
• Historical Data and Forecast of India Power Tools Market Revenues, By Market Types, for the Period 2016-2026
• Market Drivers and Restraints
• India Power Tools Market Trends
• Industry Life Cycle and Value Chain Analysis & Ecosystem
• Porter’s Five Forces Analysis
• India Power Tools Market Share, By Companies
• India Power Tools Market Opportunity Assessment
• India Power Tools Market Overview by Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Technology

  • Corded Power Tools
  • Cordless Power Tools
• Electric Power Tools
• Pneumatic Power Tools

• By Tool Types

  • Grinder
  • Cutter
  • Driller
  • Demolition Hammer
  • Rotatory Hammer
  • Saws
  • Router
  • Planer
  • Sand Polisher
  • Shears & Nibblers
  • Painting Tools
• Metal Power Tools
• Concrete Power Tools
• Wood Power Tools
• Other Power Tools

By Verticals

• Industrial
• Commercial
• Transportation
• Others (Defense, DIY Customers, etc.)

By Regions

• Eastern
• Western
• Northern
•  
• Southern

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