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India Power Tool Market is set to increase at over 9.5% CAGR in terms of volume During 2016-2026

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Power tools utilise a power source mechanism, which is different from the ones used for manually operated tools. Power tools are used for construction and gardening, household tasks, for drilling, cutting, shaping, sanding, grinding, routing, polish
India Power Tool Market
December 2017
Report Id : REP-IN-1929
Status : Publish
Category : Industrial Automation and Equipment
©2015 Future Market Insights, All Rights Reserved
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India Power Tool Market Analysis
ASEAN Automotive Aftermarket Poised to hit US$ 37.7 Bn by 2025, Driven by Increasing Number of
Vehicles in Operation and Robust Sales of Automotive Aftermarket Components
The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by end of 2016, and is
estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialisation and widespread
availability of wide range of power tools will continue to drive growth of the India power tools market.
The markets in South and North India are estimated to collectively dominate the India market.
Robust development in the industrial sector and growing automotive sales are key factors driving growth
of the India power tools market. Moreover, increasing consumer confidence index (CCI) in India is
projected to play a key role in escalating demand for power tools in the India market. Emergence of a
variety of cost-effective, durable and multi-functional power tools is anticipated to fuel demand in future.
In addition, shifting consumer behaviour toward DIY hacks is also expected to boost demand for power
tools in India.
©2015 Future Market Insights, All Rights Reserved
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India Power Tool Market Analysis
Professional power tools will continue to gain traction, and major shift from nickel-cadmium to lithiumion powered tools will create new opportunities for power tools manufacturers in the country.
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However, increasing import of power tools from China may negatively impact market share of domestic
and international players in the India power tools market.
The India power tools market is expected to witness increasing demand for industrial power tools as
compared to household power tools. Industrial power tools segment is anticipated to contribute over
55.8% in terms of revenue to the market; whereas household power tools segment is expected to
account for 44.2% in terms of value share by end of 2016.
Low operational costs and ease-of-use will continue to drive electric power tools segment, which is
anticipated to dominate the India power tools market till 2016 end. Pneumatics and others segments are
projected to collectively contribute over 46% in terms of value share to India power tools market in 2016.
©2015 Future Market Insights, All Rights Reserved
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India Power Tool Market Analysis
The markets in South India and West India represent highest penetration of power tools, owing to
concentration of a large number of industries. South and North India markets are expected to expand
significantly in terms of revenue as compared to moderately thriving East India and North India markets.
Major global players in the India power tools market include Atlas Copco AB, Snap-on International,
Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Key regional
players include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH
and Kulkarni Power Tools.
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Author
mahendralunkad
mahendralunkad37   documents Email
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Business and Leadership
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