India Power Tool Market

India Power Tool Market

Power Tool Market: South India Likely to Remain the Dominant Market: India Industry Analysis and Opportunity Assessment, 2016-2026

  • XPLREP1623

  • October, 2016

  • 123 Pages

  • Industrial Automation

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, polishing, painting and heating. Power tools are categorised on the basis of power source into electric power operated tools (circular saws and drill machines), pneumatic power tools (jack hammers, chippers and compressed air guns), liquid fuel (gas), powered tools (saws), hydraulic power tools (jacks) and powder-actuated tools (nail guns).

India power tools market is anticipated to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). Growth of the power tools market in terms of revenue is attributed to various factors, regarding which XMR offers detailed insights in the report.

Market Dynamics

Growth in power tools sales in India is influenced by macroeconomics, robust growth of the industrial sector in India, increasing automotive sales, increasing consumer confidence index, emergence of durable, cost-effective multi-functional power tools, transition of consumer preference towards DIY ethics and increasing online retail sales.

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Power Tool Market: South India Likely to Remain the Dominant Market: India Industry Analysis and Opportunity Assessment, 2016-2026
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