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| Global India Power Tool Market Size |
Power tools are used for drilling holes, sawing wood or metal and other common
construction tasks. They help complete tasks much faster and with more
precision as compared to traditional hand tools. Power tools like drills, saws,
sanders and grinders offer efficiency and ease of use. The growing construction
industry in India is witnessing rising demand for power tools to speed up
construction projects.
The global
India Power Tool Market is estimated to be valued at US$ 873.49 Bn in 2023 and is expected to exhibit a CAGR of 2.6% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The high growth of the Indian construction industry has accelerated demand for
advanced power tools in the country. Construction activities such as
infrastructure development, residential & commercial building projects
require efficient power tools for tasks like drilling, cutting, sanding etc.
Leading power tool manufacturers are focusing on India and launching innovative
product lines tailored for local construction needs. For example, Bosch India
launched its new X-lock single sleeve system cordless power tool range designed
considering dust and humidity levels prevalent at Indian construction sites.
Such customized product offerings are helping drive adoption of power tools in
the industry.
Segment Analysis:
The India power tools market is dominated by the electric power tools segment.
This segment accounts for over 70% of the overall market share owing to growing
need for electric tools in various industries such construction, automotive and
others. Electric power tools offer advantages such as easy handling, low noise
and easier maintenance over gas-powered or pneumatic tools, thereby witnessing
increasing demand from both commercial and domestic end-users.
Key Takeaways:
The Global
India Power Tool Market Size is expected to witness high growth over
the forecast period. The market is driven by growing construction activity and
infrastructure development in the country. Further, increasing handyman culture
and rising disposable incomes are also supporting market growth.
Regional analysis related content comprises:
The southern region of India dominates the power tools market with maximum
market share owing to large number of infrastructure and construction projects
being undertaken in the states of Telangana, Karnataka and Tamil Nadu.
Additionally, western states of Maharashtra and Gujarat are also emerging as
high potential markets backed by rapid urbanization.
Key players related content comprises:
Key players operating in the India power tool 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 and Stanley Black
& Decker have strong presence in India and are actively expanding their
product portfolios as well as distribution networks to strengthen market
position.
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