Global Gas Canisters For Nail Gun Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Gas Canisters For Nail Gun Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A nail gun is a type of tool used to drive nails into wood or some other kind of material. Gas-powered nail guns rely on fuel combustion from gas canisters to provide power source.

Market Overview:

The latest research study on the global Gas Canisters For Nail Gun market finds that the global Gas Canisters For Nail Gun market reached a value of USD 184.76 million in 2022. It’s expected that the market will achieve USD 212.61 million by 2028, exhibiting a CAGR of 2.37% during the forecast period.

impact of Covid-19 on supply chain as well as market demand

The COVID-19 pandemic has created a number of challenges for industrial manufacturers globally, particularly those who rely on workers to work remotely. Amid plummeting oil prices and demand, supply chain bottlenecks, slowing spending and volatile credit markets, some gas canisters for nail gun companies have closed facilities and are considering the extent of layoffs to help contain the spread of the virus, as well as for economic reasons. Clearly, the manufacturing sector has been hard hit by the outbreak for two main reasons. First, many manufacturing jobs are performed on site and cannot be performed remotely. Second, the slowdown in economic activity has reduced the demand for gas canisters for nail gun in North America and globally. For gas canisters for nail gun companies, the suspension or slowdown of production activity in downstream companies will reduce demand for gas canisters. At the same time, for gas canisters companies that adopt a global supply chain strategy, the outbreak of COVID-19 has hampered the supply of raw materials.

Market Opportunities and Drivers

Gas canisters for nail gun industry is quite relevant to nail gun industry. With the downstream market for nail fastening tool safety, portability requirements continue to improve, the emerging gas-powered nail gun, electric-powered nail gun products market size is rapidly expanding, has gradually penetrated into the pneumatic nail gun and gunpowder nail gun part of the traditional application scenarios. As a fastening power tool, gas-powered nail gun is a relatively mature product in Europe and North America, widely used in construction, metallurgy, installation, mining, shipbuilding, communications, transportation, underwater work and other industries. Due to the increasing demand for nail guns in these sectors, the demand for gas-powered nail guns and fuel cells will also be driven.
Gas-powered nail guns are widely used and can be applied to a variety of workplaces, especially for temporary unelectrified occasions, outdoor and aerial work, and can be applied to a variety of substrates, such as wood structures, steel structures, concrete, etc.

Market Challenges

Nail fastening tools are mainly used in building installation, in addition to the need for strong performance and quality, but also need to meet the special needs of different markets. Gas-powered nail guns, for example, in Europe, Japan and other regions, more wood-frame housing, the application of scenarios mainly for the fastening of wooden structures connected, the market demand for wooden nail guns; China's concrete buildings more, the application of scenarios mainly for concrete, steel structures and other hard substrates fastening connection, the market demand for steel nail guns mainly. The difference in product demand in different regions of the world has led to the production and development of manufacturers in each country have focused on. Due to the different characteristics of products and application scenarios, market differences will pose challenges for gas canisters companies wishing to enter new markets or globalization strategies.

Market Risks

As a manufactured product, the production of gas canisters has the inherent characteristics of this industry, with raw material costs accounting for a high percentage of manufacturing costs. The risk of rising raw material prices and labor costs will limit the company's operations. The main raw material is gas which means that companies are often unable to reduce price risk through backward integration. If the future purchase price of raw materials continues to rise, the enterprise cannot digest the risk of price increases of raw materials through continued price increases, will have an adverse impact on the company's future operating results. In addition, human resources costs are also increasing year by year. In the future, as the gas canisters business continues to expand and the level of economic development continues to increase, human resources costs will continue to rise, thereby affecting the company's operating costs.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Mergers & Acquisitions, Expansion
Kyocera Corporation announced that it has acquired 100% ownership of fastener and tool manufacturer SENCO Holdings, Inc., based in Cincinnati, Ohio. The enterprise has been renamed KYOCERA SENCO Industrial Tools, Inc.
SENCO, established in 1948, is a leader in creating fasteners and power fastening tools for residential, commercial, manufacturing and construction applications. SENCO is renowned for its excellent product quality and diverse line, which includes pneumatic and electric nailers, staplers, screw systems and compressors, as well as nails, staples, screws and specialty fasteners. SENCO’s manufacturing and marketing are concentrated in the U.S. and Europe, with products sold in more than 40 countries worldwide.
Kyocera entered the industrial tools market in the 1970s with a line of high-speed metal processing tools, and has steadily expanded into precision tools for electronics, aerospace, automotive, medical and woodworking applications. Kyocera’s 2011 acquisition of the Unimerco Group in Europe (now Kyocera Unimerco) added a fastening tool product line that promises excellent synergies with SENCO’s longstanding expertise in the fastening tools and fasteners market. With the acquisition of SENCO, Kyocera plans to increase its sales of fastening tools and fasteners to JPY40 billion (about 362 million USD) by the fiscal year ending March 31, 2021.

Paslode is one of the major players operating in the Gas Canisters For Nail Gun market, holding a share of 5.43% in 2020.

Segmentation Overview:

Gas Canisters for Nail Gun are divided into 165 mm, 148/155mm, 78mm and other sizes based on the length of gas canisters.

Among different product types, 148/155mm segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Concrete segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Gas Canisters For Nail Gun market covered in Chapter 3:

TJEP
Hitachi
OrionPower
Paslode
EZ Fasten
Bostitch
Toua

In Chapter 4 and Chapter 14.2, on the basis of types, the Gas Canisters For Nail Gun market from 2018 to 2029 is primarily split into:

165mm
148/155mm
78mm

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Gas Canisters For Nail Gun market from 2018 to 2029 covers:

Concrete
Steel
Wood

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)


Chapter 1 Market Definition and Statistical Scope
Chapter 2 Research Findings and Conclusion
Chapter 3 Key Companies’ Profile
Chapter 4 Global Gas Canisters For Nail Gun Market Segmented by Type
Chapter 5 Global Gas Canisters For Nail Gun Market Segmented by Downstream Industry
Chapter 6 Gas Canisters For Nail Gun Industry Chain Analysis
Chapter 7 The Development and Dynamics of Gas Canisters For Nail Gun Market
Chapter 8 Global Gas Canisters For Nail Gun Market Segmented by Geography
Chapter 9 North America
Chapter 10 Europe
Chapter 11 Asia Pacific
Chapter 12 Latin America
Chapter 13 Middle East & Africa
Chapter 14 Global Gas Canisters For Nail Gun Market Forecast by Geography, Type, and Downstream Industry 2023-2029
Chapter 15 Appendix

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