India Power Tool Market, By Mode of Operation (Electric, Pneumatic, Others), By End-use (Industrial, Household) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

India Power Tool Market, By Mode of Operation (Electric, Pneumatic, Others), By End-use (Industrial, Household) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A power tool also called a power instrument, is a useful tool that is activated by an external force and mechanism other than just manual labor utilized by hand tools. The most popular kinds of power tools utilize electrical motors to provide the action. Internal combustion motors and gas-powered compressors are also used. Most modern power tools have lithium batteries which are recharged by plugging into an electric outlet. Lithium-ion and lithium polymer batteries are often used in power tools. These are rechargeable and have a high energy density. Although they do have minor issues such as shorter charge life and increased wear and tear, they're still very much usable. One of the most common types of power tools is band saws or grinders. These are primarily used for cutting materials as well as sanding surfaces. There are many types of band saws and grinders, each with its own specifications and characteristics.
Market Dynamics
Rapid growth of the construction industry in India is expected to boost the India power tool market growth over the forecast period. With rapid urbanization and industrialization, the domestic construction industry has witnessed rapid growth over the years. According to the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. This, in turn, has increased the demand for dynamic and advanced power tools in numerous construction activities across the country.
Furthermore, a growing preference for DIY activities is expected to accelerate growth of the India power tool market in the near future.
Key features of the study:
This report provides in-depth analysis of the India power tool market, and provides market size (US$ 4,748.6 Million) and compound annual growth rate (8.9%) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the India power tool market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include SKF AB, Stanley Black & Decker, Inc., Actuant Corporation, Hitachi Koki Co. Ltd., Danaher Corporation, Makita Corporation, Robert Bosch GmbH, Atlas Copco AB, and Kulkarni Power Tools Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The India power tool market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India power tool market
Detailed Segmentation:
India Power Tool Market, By Mode of Operation
Electric
Pneumatic
Others
India Power Tool Market, By End-use
Industrial
Household
India Power Tool Market, By Region
North India
South India
East India
West India