South Korea Power Tools Market (2020-2026) | Growth, Trends, Size, Industry, Companies, Value, Outlook, Analysis, Share, Forecast, Revenue & COVID-19 IMPACT
Market Forecast By Tool Type (Drilling and fastening tools, Demolition tools, Sawing and cutting tools, Material removal tools, Routing Tools, OthersΒ ), By Mode of Operation (Electric, Pneumatic, Others), By Application (Industrial, Residential/DIY) And Competitive Landscape
| Product Code: ETC014143 | Publication Date: Jun 2023 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Korea Power Tools Market Competition 2023
South Korea Power Tools market currently, in 2023, has witnessed an HHI of 4005, Which has increased slightly as compared to the HHI of 3177 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
South Korea Export Potential Assessment For Power Tools Market (Values in USD Thousand)
South Korea Power Tools Market Synopsis
South Korea is one of the most attractive markets for power tools. According to a report by 6Wresearch, the South Korean power tool market was valued at USD 498 million in 2019 and is expected to reach USD 623 million by 2026, registering a CAGR of 3.49% during 2020-2026. Growing construction activities across residential and non-residential sectors are likely to drive demand for power tools in the country. The cordless segment accounted for more than two third of the total revenue share in 2019 and it is anticipated that this type will dominate the market throughout 2020?2026. Additionally, battery operated portable electric drill/drivers have witnessed an impressive growth over last few years owing to their portability and increased convenience of use as compared with traditional drills. Companies such as Bosch Tools Co., Ltd., Makita Corporation, Hilti Group, Hitachi Koki Co., Ltd., Dewalt (Stanley Black & Decker) have been dominating the South Korean Power Tool Market since long time now on account of their strong presence in local distribution channels as well as product portfolio which ranges from low end budget products to high-end professional grade products targeted towards industrial users or professionals
Key Highlights of the Report:
- South Korea Power Tools Market Outlook
- Market Size of South Korea Power Tools Market, 2019
- Forecast of South Korea Power Tools Market, 2026
- Historical Data and Forecast of South Korea Power Tools Revenues & Volume for the Period 2016 - 2026
- South Korea Power Tools Market Trend Evolution
- South Korea Power Tools Market Drivers and Challenges
- South Korea Power Tools Price Trends
- South Korea Power Tools Porter's Five Forces
- South Korea Power Tools Industry Life Cycle
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Tool Type for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Drilling and fastening tools for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Demolition tools for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Sawing and cutting tools for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Material removal tools for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Routing Tools for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Others? for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Mode of Operation for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Electric for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Pneumatic for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Application for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Industrial for the Period 2016 - 2026
- Historical Data and Forecast of South Korea Power Tools Market Revenues & Volume By Residential/DIY for the Period 2016 - 2026
- South Korea Power Tools Import Export Trade Statistics
- Market Opportunity Assessment By Tool Type
- Market Opportunity Assessment By Mode of Operation
- Market Opportunity Assessment By Application
- South Korea Power Tools Top Companies Market Share
- South Korea Power Tools Competitive Benchmarking By Technical and Operational Parameters
- South Korea Power Tools Company Profiles
- South Korea Power Tools Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Power Tools Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Power Tools Market Revenues & Volume, 2019 & 2026F |
3.3 South Korea Power Tools Market - Industry Life Cycle |
3.4 South Korea Power Tools Market - Porter's Five Forces |
3.5 South Korea Power Tools Market Revenues & Volume Share, By Tool Type, 2019 & 2026F |
3.6 South Korea Power Tools Market Revenues & Volume Share, By Mode of Operation, 2019 & 2026F |
3.7 South Korea Power Tools Market Revenues & Volume Share, By Application, 2019 & 2026F |
4 South Korea Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Power Tools Market Trends |
6 South Korea Power Tools Market, By Types |
6.1 South Korea Power Tools Market, By Tool Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Power Tools Market Revenues & Volume, By Tool Type, 2016 - 2026F |
6.1.3 South Korea Power Tools Market Revenues & Volume, By Drilling and fastening tools, 2016 - 2026F |
6.1.4 South Korea Power Tools Market Revenues & Volume, By Demolition tools, 2016 - 2026F |
6.1.5 South Korea Power Tools Market Revenues & Volume, By Sawing and cutting tools, 2016 - 2026F |
6.1.6 South Korea Power Tools Market Revenues & Volume, By Material removal tools, 2016 - 2026F |
6.1.7 South Korea Power Tools Market Revenues & Volume, By Routing Tools, 2016 - 2026F |
6.1.8 South Korea Power Tools Market Revenues & Volume, By OthersΒ , 2016 - 2026F |
6.2 South Korea Power Tools Market, By Mode of Operation |
6.2.1 Overview and Analysis |
6.2.2 South Korea Power Tools Market Revenues & Volume, By Electric, 2016 - 2026F |
6.2.3 South Korea Power Tools Market Revenues & Volume, By Pneumatic, 2016 - 2026F |
6.2.4 South Korea Power Tools Market Revenues & Volume, By Others, 2016 - 2026F |
6.3 South Korea Power Tools Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 South Korea Power Tools Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.3.3 South Korea Power Tools Market Revenues & Volume, By Residential/DIY, 2016 - 2026F |
7 South Korea Power Tools Market Import-Export Trade Statistics |
7.1 South Korea Power Tools Market Export to Major Countries |
7.2 South Korea Power Tools Market Imports from Major Countries |
8 South Korea Power Tools Market Key Performance Indicators |
9 South Korea Power Tools Market - Opportunity Assessment |
9.1 South Korea Power Tools Market Opportunity Assessment, By Tool Type, 2019 & 2026F |
9.2 South Korea Power Tools Market Opportunity Assessment, By Mode of Operation, 2019 & 2026F |
9.3 South Korea Power Tools Market Opportunity Assessment, By Application, 2019 & 2026F |
10 South Korea Power Tools Market - Competitive Landscape |
10.1 South Korea Power Tools Market Revenue Share, By Companies, 2019 |
10.2 South Korea Power Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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