India Power Tool Market – Industry Analysis and Forecast (2023-2029)

India Power Tool Market size is expected to reach nearly US$ 6.52 Bn. by 2029 with the CAGR of 8.42% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
India Power Tool Market Dynamics:
Growing power tools sales in India is predisposed by macroeconomics, robust growth of the industrial sector in India, growing automotive sales, increasing consumer confidence index, the emergence of durable, cost-effective multi-functional power tools, the transition of consumer preference towards DIY ethics and rising online retail sales.

Factors like unavailability of skilled labor and high costs involved in hiring professionals for basic services in major cities across the country are anticipated to create major opportunities and drive demand for power tools in the domestic market.
India Power Tool Market Segment Analysis:
Thanks to rapid urbanization and industrialization, construction sector is expected to dominate the power tools market in forecast period. The electric power tools segment is estimated to account for 56.6% market share in India in terms of value by the end of 2029. The report has further divided the electric power tools segment into cord power told and cordless power tools. Detailed analysis of both the sub-segments is covered in the report.
India Power Tool Market Regional Insights:
Indian Power tool market is an import-driven market with a large proportion of products imported from Germany, China, UAE, Japan, Korea, and others. Major players typically set up a plant in China but use German technology to build powerful tools equipment’s which is finally imported by India.

A recent development in the Indian Power Tool Market: In March 2017, Bosch Power Tools India announced to offer a diverse range of power tools for the construction, metalwork, and woodwork industry.
India Power Tool Market, Key Highlights:
India Power Tool Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the market

India Power Tool Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

India Power Tool Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the market are also profiled.
India Power Tool Market Scope: Inquire before buying



India Power Tool Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.70 Bn.


Forecast Period 2023 to 2029 CAGR:
8.42%
Market Size in 2029:
US $ 6.52 Bn.


 Segments Covered:
by Technology
Electric Power Tools
Corded Power Tools
Cordless Power Tools
Pneumatic Power Tools


by Tool Types
Metal Segment
Concrete Segment
Wood-working Segment
Others


by Verticals
Construction
Industrial
Automotive
Others



 India Power Tool Market Key Players:
1. Atlas Copco (India) Ltd.
2. Bosch Limited
3. FEIN Power Tools India Pvt. Ltd.
4. Hilti India Pvt. Ltd.
5. Hitachi Koki India Pvt. Ltd.
6. Kulkarni Power Tools Ltd. (KPT)
7. Makita Power Tools India Pvt. Ltd.
8. Snap-on Inc.
9. Stanley Black & Decker India Pvt. Ltd.
10. Techtronic Industries Co. Ltd
11. TTI
12. Dongcheng
13. Xtrapower
14. Festool (TTS)
15. Husqvarna
16. Stanley
17. Makita
18. Techtronic Industries Co. Ltd
19. Ingersoll-Rand
20. Apex Tool Group
21. Danaher Corporation,
22. Actuant Corporation
23. SKF AB.
24. Emerson Electric Co.,
25. Enerpac Group
26. Chervon Trading co. Ltd
27. ANDREAS STIHL Co.& KG.

Frequently Asked Questions:

1. Which region has the largest share in market?
Ans: North India region holds the highest share in 2022.

2. What is the growth rate of market?
Ans: The market is growing at a CAGR of 8.42% during forecasting period 2023-2029.

3. What is scope of the market report?
Ans: India Power Tool Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in market?
Ans: The important key players in the market are – Dongcheng, Xtrapower, Atlas Copco (India) Ltd., Bosch Limited, FEIN Power Tools India Pvt. Ltd., Hilti India Pvt. Ltd., Hitachi Koki India Pvt. Ltd., Kulkarni Power Tools Ltd. (KPT), Makita Power Tools India Pvt. Ltd., Snap-on Inc., Stanley Black & Decker India Pvt. Ltd.,

5. What is the study period of this market?
Ans: The market is studied from 2022 to 2029.