Understanding the Growth of United Kingdom Power Tools Market Driven by Increased Home Improvement Projects
The power tools market in the United Kingdom will grow at the highest pace owing to increased demand for power tools driven by growing home improvement and DIY projects. Power tools are power-operated devices that are used for construction, drilling, cutting, sawing, sanding, planing, routing, mortising and other types of material removal or metalworking. Power tools provide users with greater flexibility, precision and control compared to manually operated hand tools. Some common power tools include drills, circular saws, angle grinders, jigsaws, reciprocating saws, planers, biscuit joiners and sanders. Power tools are essential for tasks related to woodworking, renovation, repairs and fabrication.
The United Kingdom Power Tools Market is estimated to be valued at USD 1.77 Bn in 2024 and is expected to reach USD 3.84 Bn by 2031, growing at a CAGR of 11.7% from 2024 to 2031.
Key Takeaways
Robert Bosch, Stanley Black & Decker, Makita, Hilti, Atlas Copco, and Techtronic Industries are the major players in the UK power tools market. They offer a wide range of corded and cordless power tools for commercial and household applications.
There has been a significant rise in DIY and home improvement activities across the UK in recent years. This has propelled the demand for power tools for drilling, sawing, sanding and other tasks. Cordless power tools have gained widespread acceptance among consumers looking for convenience and mobility.
The United Kingdom Power Tools Market manufacturers are increasingly focusing on innovation and introducing power tools equipped with advanced technologies. Lithium-ion batteries have dramatically improved the performance of cordless tools. Brushless motors provide more efficiency and durability. Technologies such as artificial intelligence and Bluetooth connectivity are enhancing functionality.
Market Trends
Sustainability focus: Major brands are developing sustainable power tools that have recyclable parts and use less energy. Some offer tool rental and resale programs to encourage circular use of products.
Digital tools: Tools embedded with technologies like360° cameras, smart sensors, sharing of diagnostics data over Wi-Fi and cloud connectivity are improving precision, providing usage analytics and enabling predictive maintenance.
Market Opportunities
Infrastructure projects: Large-scale infrastructure development and renovation activities underway provide major opportunities for growth of industrial power tools segment.
Rise of pro-sumers: Emergence of a new category of "pro-sumers" - tech-savvy DIY consumers performing semi-professional tasks at home or work, is driving innovations catering to their unique requirements.
Impact of COVID-19 on United Kingdom Power Tool Market Growth
The COVID-19 pandemic has adversely impacted the growth of United Kingdom power tool market. During the initial lockdown period, all construction activities came to a halt which led to a steep decline in demand for power tools from construction sector. With no projects taking place at construction sites, builders had no use of power tools like drills, grinders, saws etc. which are extensively used at construction sites. The restrictions on movement of goods and lockdown further disrupted the supply chain resulting in shortage of raw materials for power tool manufacturers. This severely hampered the production volumes across manufacturing units.
However, with easing of lockdown restrictions and resumption of construction activities in a phased manner, the demand from construction sector has started reviving gradually. The government initiatives to boost infrastructure development and implementation of various projects is likely to drive the power tools sales in coming months. The do-it-yourself culture is gaining popularity among consumers who are spending more time at home due to work from home scenario. This has increased the sales of small power tools like drills, sanders for household repair and maintenance works. With accelerated vaccination drive and control over spread of virus, the market is expected to bounce back to pre-pandemic levels by 2022.
Geographical Regions with Highest Concentration of United Kingdom Power Tool Market
The southern region of United Kingdom, comprising of London and surrounding areas accounts for the largest share of overall power tool market in terms of value. This is primarily because London is the financial hub with huge commercial construction activity constantly taking place. It also has a large population with high disposable income making them opt for power tools even for small household tasks. The western region with cities like Manchester, Liverpool, Birmingham is another major market driven by strong industrial base and infrastructure projects underway.
Fastest Growing Region for United Kingdom Power Tool Market
The northern region has emerged as the fastest growing market for power tools in recent years on back of large investments in energy & utility projects. Places like Newcastle, Leeds are witnessing surge in construction of renewable energy plants, power transmission lines etc. The government's focus on developing Northern Powerhouse initiative through investments is steering huge infrastructure developments and industrialization. This is generating significant demand for power tools from contractors involved in projects. Moreover, growing urbanization and real estate boom has prompted do-it-yourself trend among homeowners, contributing to sales growth.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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