Market Forecast Market by Market Type (Organized Power Tools Market, Unorganized Power Tools Market), Market by Technology (Electric Power Tools (Corded Power Tools, Cordless Power Tools), Pneumatic Power tools), Market by Tool Types (Material Power Tools, Concrete Power Tools, Metal Power Tools, Other Power Tools), Market by Verticals (Construction, Residential, Industrial, Others (Defence, Transportation, etc.)), And Competitive Landscape
Product Code: ETC4377996 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 148 | No. of Figures: 63 | No. of Tables: 23 |
Thailand and South Korea 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 operational efficiency, durability, precision and convenience has resulted in significant demand for power tools in recent years. The majority of the demand for power tools in the Thailand and South Korea market could be witnessed in verticals such as construction, industrial, and transportation. However, the outbreak of the COVID-19 pandemic has brought a slowdown in market during the year 2020 as a result of a halt in the construction and industrial projects, business operations, manufacturing units and the stringent lockdown imposed across the country. Recovery is expected in market revenues post-2020, with a gradual opening of economic activities, restart of the construction activities and the manufacturing sector.
According to 6Wresearch, Thailand and South Korea Power Tools Market size is projected to grow at CAGR of 8.5% during 2021-2027. With expanding construction industry, growing automotive vertical and spurring growth of industrial sector; along with rapid shift of consumer preferences from hand tools to power tools would provide huge opportunities for the growth of Power Tools Market in Thailand and South Korea during the forecast period. This industry is the key part of the Asia Pacific Power Tools Market.
Attributed to the presence of a robust industrial sector in South Korea along with a rapidly growing residential sector, the power tools market in the country accounted for a major share in Thailand & South Korea Power Tools Industry. However, the Thailand power tools market is projected to exhibit highest growth rate on account of flourishing construction and industrial segments providing immense opportunities for the power tools demand in the country during the forecast period. This will help boosting the Thailand and South Korea Power Tools Market Share.
The organised market is dominating the revenue share in Thailand in the year 2020 and this trend is likely to continue during the forecast period due to various advantages available to end-users in the form of affordable and customer friendly repair and maintenance, market scope, after sales services, etc. As a result, the revenues of organised market would grow significantly in the near future.
Thailand and South Korea Power Tools Industry is currently being dominated by electric power tools in terms of technology. Electric power tools are of two types, namely, corded and cordless. Electric-powered tools have revolutionized operational efficiency in the automotive industry as they save the time and efforts required for conducting various operations. Also, the introduction of powerful battery packs has resulted in the increased power of electric tools. In addition to these, the features such as light-weight and portability of electric power tools will help these tools to lead the market during the forecast period as well.
In Thailand and South Korea, the concrete power tools type is anticipated to have highest revenue share during the forecast period. Concrete power tools such as demolition hammer and rotary hammer have wide applicability across the industrial, manufacturing and automotive sectors. Also, with ongoing construction projects in several sectors such as residential and non-residential, the market for concrete power tools is forecast to grow significantly in the forthcoming years.
The industrial sector is dominating the overall power tools market of Thailand and South Korea in terms of revenue share in the year 2020. This large market share is due to widespread use of power tools across sectors such as telecommunication, oil & gas, power plants, metal & mining, and various other industrial sectors. However, due to the increasing demand for power tools in the transportation segment, the others vertical is likely to witness significant growth during the forecast period.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Methodology Adopted & Key Data Points |
2.5 Assumptions |
3. Thailand & South Korea Power Tools Market Overview |
3.1 Thailand & South Korea Power Tools Market Revenues and Volume, 2017-2027F |
3.2 Thailand & South Korea Power Tools Market-Industry Life Cycle |
3.3 Thailand & South Korea Power Tools Market-Porter’s Five Forces |
3.4 Thailand & South Korea Power Tools Market- Ecosystem |
3.5 Thailand & South Korea Power Tools Market Revenue Share, By Market Type, 2020 & 2027F |
3.6 Thailand & South Korea Power Tools Market Revenue Share, By Technology, 2020 & 2027F |
3.7 Thailand & South Korea Power Tools Market Revenue Share, By Tool Types, 2020 & 2027F |
3.8 Thailand & South Korea Power Tools Market Revenue Share, By Verticals, 2020 & 2027F |
4. Thailand & South Korea Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Thailand & South Korea Power Tools Market Trends |
6. Thailand Power Tools Market Overview |
6.1 Thailand Power Tools Market Revenues & Volume |
6.2 Thailand Power Tools Market Overview, By Market Type |
6.2.1 Thailand Power Tools Market Revenue Share, By Market Type, 2020 & 2027F |
6.2.2 Thailand Power Tools Market Revenues, By Market Type |
6.2.2.1 Thailand Organized Power Tools Market Revenues, 2017-2027F |
6.2.2.2 Thailand Unorganized Power Tools Market Revenues, 2017-2027F |
6.3 Thailand Power Tools Market Overview, By Technology |
6.3.1 Thailand Electric Power Tools Market Revenues, 2017-2027F |
6.3.1.1 Thailand Electric Power Tools Market Revenue Share, By Types, 2020 & 2027F |
6.3.1.2 Thailand Electric Power Tools Market Revenues, By Types |
6.3.1.2.1 Thailand Corded Electric Power Tools Market Revenues, 2017-2027F |
6.3.1.2.2 Thailand Cordless Electric Power Tools Market Revenues, 2017-2027F |
6.3.2 Thailand Pneumatic Power Tools Market Revenues, 2017-2027F |
6.4 Thailand Power Tools Market Overview, By Tool Types |
6.4.1 Thailand Power Tools Market Revenue Share & Volume Share, By Tool Types |
6.5 Thailand Metal Power Tools Market Overview |
6.5.1 Thailand Metal Power Tools Market Revenues & Volume, 2017-2027F |
6.5.2 Thailand Metal Power Tools Market Revenue Share & Revenues, By Types |
6.5.2.1 Thailand Metal Power Tools Market Revenues, By Driller, 2017-2027F |
6.5.2.2 Thailand Metal Power Tools Market Revenues, By Cutter, 2017-2027F |
6.5.2.3 Thailand Metal Power Tools Market Revenues, By Grinder, 2017-2027F |
6.5.3 Thailand Metal Power Tools Market Revenue Share, By Applications |
6.5.3.1 Thailand Metal Power Tools Market Revenues, By Metal Manufacturing, 2017-2027F |
6.5.3.2 Thailand Metal Power Tools Market Revenues, By Metal Fabrication, 2017-2027F |
6.5.3.3 Thailand Metal Power Tools Market Revenues, By Other Applications, 2017-2027F |
6.6 Thailand Concrete Power Tools Market Overview |
6.6.1 Thailand Concrete Power Tools Market Revenues & Volume, 2017-2027F |
6.6.2 Thailand Concrete Power Tools Market Revenue Share & Revenues, By Types |
6.6.2.1 Thailand Concrete Power Tools Market Revenues, By Demolition Hammer, 2017-2027F |
6.6.2.2 Thailand Concrete Power Tools Market Revenues, By Rotary Hammer, 2017-2027F |
6.6.3 Thailand Concrete Power Tools Market Revenue Share, By Applications |
6.6.3.1 Thailand Concrete Power Tools Market Revenues, By Concrete Drilling, 2017-2027F |
6.6.3.2 Thailand Concrete Power Tools Market Revenues, By Concrete Grinding, 2017-2027F |
6.6.3.3 Thailand Concrete Power Tools Market Revenues, By Other Applications, 2017-2027F |
6.7 Thailand Wood Power Tools Market Overview |
6.7.1 Thailand Wood Power Tools Market Revenues & Volume, 2017-2027F |
6.7.2 Thailand Wood Power Tools Market Revenue Share & Revenues, By Types |
6.7.2.1 Thailand Wood Power Tools Market Revenues, By Saws, 2017-2027F |
6.7.2.2 Thailand Wood Power Tools Market Revenues, By Planer, 2017-2027F |
6.7.2.3 Thailand Wood Power Tools Market Revenues, By Router, 2017-2027F |
6.7.3 Thailand Wood Power Tools Market Revenue Share, By Applications |
6.7.3.1 Thailand Wood Power Tools Market Revenues, By Wood Cutting, 2017-2027F |
6.7.3.2 Thailand Wood Power Tools Market Revenues, By Wood Drilling, 2017-2027F |
6.7.3.3 Thailand Wood Power Tools Market Revenues, By Other Applications, 2017-2027F |
6.8 Thailand Other Power Tools Market Overview |
6.8.1 Thailand Other Power Tools Market Revenues & Volume, 2017-2027F |
6.9 Thailand Power Tools Market Overview, By Verticals |
6.9.1 Thailand Power Tools Market Revenues, By Verticals |
6.9.1.1 Thailand Power Tools Market Revenues, By Construction Vertical, 2017-2027F |
6.9.1.2 Thailand Power Tools Market Revenues, By Residential Vertical, 2017-2027F |
6.9.1.3 Thailand Power Tools Market Revenues, By Industrial Vertical, 2017-2027F |
6.9.1.4 Thailand Power Tools Market Revenues, By Others Vertical, 2017-2027F |
6.10 Thailand Power Tools Market Key Performance Indicators |
6.11 Thailand Power Tools Market Opportunity Assessment |
6.11.1 Thailand Power Tools Market Opportunity Assessment, By Technology, 2027F |
6.11.2 Thailand Power Tools Market Opportunity Assessment, By Tool Types, 2027F |
6.11.3 Thailand Power Tools Market Opportunity Assessment, By Verticals, 2027F |
7. South Korea Power Tools Market Overview |
7.1 South Korea Power Tools Market Revenues & Volume |
7.2 South Korea Power Tools Market Overview, By Market Type |
7.2.1 South Korea Power Tools Market Revenue Share, By Market Type, 2020 & 2027F |
7.2.2 South Korea Power Tools Market Revenues, By Market Type |
7.2.2.1 South Korea Organized Power Tools Market Revenues, 2017-2027F |
7.2.2.2 South Korea Unorganized Power Tools Market Revenues, 2017-2027F |
7.3 South Korea Power Tools Market Overview, By Technology |
7.3.1 South Korea Electric Power Tools Market Revenues, 2017-2027F |
7.3.1.1 South Korea Electric Power Tools Market Revenue Share, By Types, 2020 & 2027F |
7.3.1.2 South Korea Electric Power Tools Market Revenues, By Types |
7.3.1.2.1 South Korea Corded Electric Power Tools Market Revenues, 2017-2027F |
7.3.1.2.2 South Korea Cordless Electric Power Tools Market Revenues, 2017-2027F |
7.3.2 South Korea Pneumatic Power Tools Market Revenues, 2017-2027F |
7.4 South Korea Power Tools Market Overview, By Tool Types |
7.4.1 South Korea Power Tools Market Revenue Share & Volume Share, By Tool Types |
7.5 South Korea Metal Power Tools Market Overview |
7.5.1 South Korea Metal Power Tools Market Revenues & Volume, 2017-2027F |
7.5.2 South Korea Metal Power Tools Market Revenue Share & Revenues, By Types |
7.5.2.1 South Korea Metal Power Tools Market Revenues, By Driller, 2017-2027F |
7.5.2.2 South Korea Metal Power Tools Market Revenues, By Cutter, 2017-2027F |
7.5.2.3 South Korea Metal Power Tools Market Revenues, By Grinder, 2017-2027F |
7.5.3 South Korea Metal Power Tools Market Revenue Share, By Applications |
7.5.3.1 South Korea Metal Power Tools Market Revenues, By Metal Manufacturing, 2017-2027F |
7.5.3.2 South Korea Metal Power Tools Market Revenues, By Metal Fabrication, 2017-2027F |
7.5.3.3 South Korea Metal Power Tools Market Revenues, By Other Applications, 2017-2027F |
7.6 South Korea Concrete Power Tools Market Overview |
7.6.1 South Korea Concrete Power Tools Market Revenues & Volume, 2017-2027F |
7.6.2 South Korea Concrete Power Tools Market Revenue Share & Revenues, By Types |
7.6.2.1 South Korea Concrete Power Tools Market Revenues, By Demolition Hammer, 2017-2027F |
7.6.2.2 South Korea Concrete Power Tools Market Revenues, By Rotary Hammer, 2017-2027F |
7.6.3 South Korea Concrete Power Tools Market Revenue Share, By Applications |
7.6.3.1 South Korea Concrete Power Tools Market Revenues, By Concrete Drilling, 2017-2027F |
7.6.3.2 South Korea Concrete Power Tools Market Revenues, By Concrete Grinding, 2017-2027F |
7.6.3.3 South Korea Concrete Power Tools Market Revenues, By Other Applications, 2017-2027F |
7.7 South Korea Wood Power Tools Market Overview |
7.7.1 South Korea Wood Power Tools Market Revenues & Volume, 2017-2027F |
7.7.2 South Korea Wood Power Tools Market Revenue Share & Revenues, By Types |
7.7.2.1 South Korea Wood Power Tools Market Revenues, By Saws, 2017-2027F |
7.7.2.2 South Korea Wood Power Tools Market Revenues, By Planer, 2017-2027F |
7.7.2.3 South Korea Wood Power Tools Market Revenues, By Router, 2017-2027F |
7.7.3 South Korea Wood Power Tools Market Revenue Share, By Applications |
7.7.3.1 South Korea Wood Power Tools Market Revenues, By Wood Cutting, 2017-2027F |
7.7.3.2 South Korea Wood Power Tools Market Revenues, By Wood Drilling, 2017-2027F |
7.7.3.3 South Korea Wood Power Tools Market Revenues, By Other Applications, 2017-2027F |
7.8 South Korea Other Power Tools Market Overview |
7.8.1 South Korea Other Power Tools Market Revenues & Volume, 2017-2027F |
7.9 South Korea Power Tools Market Overview, By Verticals |
7.9.1 South Korea Power Tools Market Revenues, By Verticals |
7.9.1.1 South Korea Power Tools Market Revenues, By Construction Vertical, 2017-2027F |
7.9.1.2 South Korea Power Tools Market Revenues, By Residential Vertical, 2017-2027F |
7.9.1.3 South Korea Power Tools Market Revenues, By Industrial Vertical, 2017-2027F |
7.9.1.4 South Korea Power Tools Market Revenues, By Others Vertical, 2017-2027F |
7.10 South Korea Power Tools Market Key Performance Indicators |
7.11 South Korea Power Tools Market Opportunity Assessment |
7.11.1 South Korea Power Tools Market Opportunity Assessment, By Technology, 2027F |
7.11.2 South Korea Power Tools Market Opportunity Assessment, By Tool Types, 2027F |
7.11.3 South Korea Power Tools Market Opportunity Assessment, By Verticals, 2027F |
8. Thailand & South Korea Power Tools Market Competitive Landscape |
8.1 Thailand & South Korea Power Tools Market Ranking and Revenue Share, By Companies |
8.2 Thailand & South Korea Power Tools Market Competitive Benchmarking |
8.2.1 Thailand & South Korea Power Tools Market Competitive Benchmarking, By Technology |
8.2.2 Thailand & South Korea Power Tools Market Competitive Benchmarking, By Operating Parameters |
9. Company Profiles |
9.1 Snap-on Inc. |
9.2 Makita Corporation |
9.3 Hilti Corporation |
9.4 Atlas Copco AB |
9.5 Koki Holdings Co. Ltd, |
9.6 Robert Bosch Power Tools GmbH |
9.7 Ingersoll-Rand PLC |
9.8 Stanley Black & Decker, Inc. |
9.9 Techtronic Industries Co. Ltd. |
9.10 Keyang Power Tools |
10. Key Strategic Recommendations |
11. Disclaimer |
List of Figures |
1. Thailand & South Korea Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
2. Thailand & South Korea Power Tools Market Revenue Share, By Market Type, 2020 & 2027F |
3. Thailand & South Korea Power Tools Market Revenue Share, By Technology, 2020 & 2027F |
4. Thailand & South Korea Power Tools Market Revenue Share, By Tool Types, 2020 & 2027F |
5. Thailand & South Korea Power Tools Market Revenue Share, By Verticals, 2020 & 2027F |
6. Thailand Manufacturing Production Index, 2020 (2013=100) |
7. South Korea Manufacturing Output, 2010-2019 ($ Billion) |
8. South Korea Automotive Industry Performance In September, 2020 (Units) |
9. Thailand GDP from Construction, 2018-2020 ($ Million) |
10. Thailand Power Tools Market Revenues & Volume, 2017-2027F ($ Million, ‘000 Units) |
11. Thailand Power Tools Market Revenue Share, By Market Type, 2020 & 2027F |
12. Thailand Organized Power Tools Market Revenues, 2017-2027F ($ Million) |
13. Thailand Unorganized Power Tools Market Revenues, 2017-2027F ($ Million) |
14. Thailand Electric Power Tools Market Revenues, 2017-2027F ($ Million) |
15. Thailand Electric Power Tools Market Revenue Share, By Types, 2020 & 2027F |
16. Thailand Pneumatic Power Tools Market Revenues, 2017-2027F ($ Million) |
17. Thailand Power Tools Market Revenue Share, By Tool Types, 2020 & 2027F |
18. Thailand Power Tools Market Volume Share, By Tool Types, 2020 & 2027F |
19. Thailand Metal Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
20. Thailand Metal Power Tools Market Revenue Share, By Types, 2020 & 2027F |
21. Thailand Metal Power Tools Market Revenue Share, By Applications, 2020 & 2027F |
22. Thailand Concrete Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
23. Thailand Concrete Power Tools Market Revenue Share, By Types, 2020 & 2027F |
24. Thailand Concrete Power Tools Market Revenue Share, By Applications, 2020 & 2027F |
25. Thailand Wood Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
26. Thailand Wood Power Tools Market Revenue Share, By Types, 2020 & 2027F |
27. Thailand Wood Power Tools Market Revenue Share, By Applications, 2020 & 2027F |
28. Thailand Other Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
29. Sales of Condominiums, 2019-2020 |
30. Thailand Industrial Estate Current Market Supply |
31. Thailand Industrial Estate Market Additional Supply |
32. Recent initiatives by Thailand government for healthcare research & investments. |
33. Thailand Power Tools Market Opportunity Assessment, By Technology, 2027F |
34. Thailand Power Tools Market Opportunity Assessment, By Tool Types, 2027F |
35. Thailand Power Tools Market Opportunity Assessment, By Verticals, 2027F |
36. South Korea Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
37. South Korea Power Tools Market Revenue Share, By Market Type, 2020 & 2027F |
38. South Korea Organized Power Tools Market Revenues, 2017-2027F ($ Million) |
39. South Korea Unorganized Power Tools Market Revenues, 2017-2027F ($ Million) |
40. South Korea Electric Power Tools Market Revenues, 2017-2027F ($ Million) |
41. South Korea Electric Power Tools Market Revenue Share, By Types, 2020 & 2027F |
42. South Korea Pneumatic Power Tools Market Revenues, 2017-2027F ($ Million) |
43. South Korea Power Tools Market Revenue Share, By Tool Types, 2020 & 2027F |
44. South Korea Power Tools Market Volume Share, By Tool Types, 2020 & 2027F |
45. South Korea Metal Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
46. South Korea Metal Power Tools Market Revenue Share, By Types, 2020 & 2027F |
47. South Korea Metal Power Tools Market Revenue Share, By Applications, 2020 & 2027F |
48. South Korea Concrete Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
49. South Korea Concrete Power Tools Market Revenue Share, By Types, 2020 & 2027F |
50. South Korea Concrete Power Tools Market Revenue Share, By Applications, 2020 & 2027F |
51. South Korea Wood Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
52. South Korea Wood Power Tools Market Revenue Share, By Types, 2020 & 2027F |
53. South Korea Wood Power Tools Market Revenue Share, By Applications, 2020 & 2027F |
54. South Korea Other Power Tools Market Revenues & Volume, 2017-2027F ($ Million, '000 Units) |
55. Seoul Office Tenant Leasing Demand and Supply |
56. Hydrogen Vehicle Targets (Number of Vehicles) |
57. South Korea Government Vehicle Targets (Number of Vehicles) |
58. Spending on South Korea Healthcare with Sources 2019 (USD Per Person) |
59. South Korea Power Tools Market Opportunity Assessment, By Technology, 2027F |
60. South Korea Power Tools Market Opportunity Assessment, By Tool Types, 2027F |
61. South Korea Power Tools Market Opportunity Assessment, By Verticals, 2027F |
62. Thailand Power Tools Market Ranking, By Companies, 2020 |
63. South Korea Power Tools Market Revenue Share, By Companies, 2020 |
List of Tables |
1. Thailand Transport Sector Projects in Upcoming Years |
2. Government’s Supporting Measures for Construction Industry in COVID 19 |
3. Thailand Electric Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
4. Thailand Metal Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
5. Thailand Metal Power Tools Market Revenues, By Applications, 2017-2027F ($ Million) |
6. Thailand Concrete Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
7. Thailand Concrete Power Tools Market Revenues, By Applications, 2017-2027F ($ Million) |
8. Thailand Wood Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
9. Thailand Wood Power Tools Market Revenues, By Applications, 2017-2027F ($ Million) |
10. Thailand Power Tools Market Revenues, By Verticals, 2017-2027F ($ Million) |
11. Recently Completed/ Ongoing Residential Projects in Thailand |
12. Automobile Production and Sales Growth in Thailand (% YoY) |
13. Motorcycle Production and Sales Growth in Thailand (% YoY) |
14. Thailand Healthcare Sector Overview (2020) |
15. South Korea Electric Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
16. South Korea Metal Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
17. South Korea Metal Power Tools Market Revenues, By Applications, 2017-2027F ($ Million) |
18. South Korea Concrete Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
19. South Korea Concrete Power Tools Market Revenues, By Applications, 2017-2027F ($ Million) |
20. South Korea Wood Power Tools Market Revenues, By Types, 2017-2027F ($ Million) |
21. South Korea Wood Power Tools Market Revenues, By Applications, 2017-2027F ($ Million) |
22. South Korea Power Tools Market Revenues, By Verticals, 2017-2027F ($ Million) |
23. Recently Completed/Ongoing/Upcoming Commercial Projects in South Korea |