The India power tools Market Is Estimated To Witness High Growth Owing To Increasing Construction Activity & Presence of Established Players

The India power tools Market Is Estimated To Witness High Growth Owing To Increasing Construction Activity & Presence of Established Players

Market Overview:
Power tools are power-operated devices that are used to perform different construction, woodworking, metalworking, and other tasks faster than manually operated tools. Power tools include drills, saws, sanders, grinders, routers, and others. These tools are widely used in construction, woodworking, and metalworking industries in India.

Market Dynamics:
The India power tools market is expected to witness significant growth, owing to increasing construction activity in the country. Rapid urbanization and industrialization have boosted residential and commercial construction activities across various cities in India. This increase in construction projects is expected to propel the demand for power tools during the forecast period. In addition, the presence of several established players such as Bosch, Stanley Black & Decker, and Makita Corporation are continuously introducing advanced and innovative power tool solutions in the Indian market, which is further expected to support market growth over the forecast period.

SWOT Analysis

Strength: Power tools market in India holds great potential with respect to commercial and industrial construction. Presence of ample skilled labor force specialized in construction activities provides competitive advantage. Availability of raw materials domestically helps reduce dependency on imports. Large population base with growing demand for infrastructure and real estate development supports market growth.

Weakness: Unorganized small players dominate Indian power tools market. Lack of investment in R&D limits product innovation. Fluctuating raw material prices pose challenge. Increased penetration of imported and counterfeit products threatens domestic manufacturers.

Opportunity: Rising ‘Made in India’ initiative and favorable governmental policies attract global power tools brands. Growing need for technological advancement in agriculture and manufacturing sectors opens new avenues. Rising per capita income and changing lifestyles fuel do-it-yourself (DIY) trend among individuals.

Threats: Stiff competition from established international brands pressures pricing and supply chain management. Volatile economic conditions and downturn in key end-use industries weaken demand growth. Stringent environmental and safety regulations increase compliance costs.


Key Takeaways

The global India India Power Tools Market Share is expected to witness high growth, exhibiting CAGR of 8.9% over the forecast period, due to increasing infrastructural development and industrialization. The market was valued at US$ 802.1 Mn in 2022.

Regional analysis

The western region dominates India power tools market with over 35% market share in 2022 owing to highest infrastructure development activities in states like Maharashtra and Gujarat. The southern region is anticipated to grow at fastest pace during forecast period backed by large-scale investment planned for smart cities and urbanization projects.

Key players

Key players operating in the India power tools market are Apex Tool Group LLC, Atlas Copco AB, Emerson Electric, Co Techtronic Industries, Hilti Corporation, Stanley Black & Decker, Ingersoll-Rand plc, Robert Bosch, Koki Holdings Co., Ltd., and Makita Corporation. Techtronic Industries led the market with over 20% revenue share in 2022.

Read More:

https://www.pressreleasebulletin.com/emerging-trends-driving-growth-in-indian-power-tools-industry/