India Power Tools Market Overview

India Power Tools Market is expected to gain momentum during the upcoming year on account of growing automation requirements across different verticals. Power tools offer certain key features such as durability, precision, better performance, and time efficiency. India power tools market revenues are further driven by surging demand for these tools majorly across construction, industrial, and automotive segments. Although, international brands including Bosch, Stanley, and Makita are the key players in the Power Tools market in India, however, locally manufactured products are preferred by price-sensitive consumer segments such as DIY (do-it-yourself) and residential users. The India Power Tools Market Growth is also driven by the factors such as the unavailability of skilled labor and the high cost associated with it.

According to 6Wresearch, India power tools market size is projected to grow at a CAGR of over 8.4% during 2018-2024. Surging demand for hand tools owing to the ease of usage and growing automation is also proliferating the Power Tools Market in India. Additionally, the introduction of innovative power tools by the manufacturers that offer specific applications is also developing the growth of the market. Growing initiatives taken by the government such as Make in India and rising automotive sales are expected to add to Power Tools Market Share In India.

Market Analysis by Technology

The electric power tools segment bagged the highest revenue share in 2017 in the overall Power Tool Market Size In India. The segment is anticipated to continue its dominance over the coming years on the back of higher performance, cost efficiency, and ease of use. Further, in terms of tool types, the concrete segment contributed the majority of the revenue share in 2017, followed by the metal and woodworking segments.

Key Highlights of the Report:-

  • India Power Tools Market Overview
  • India Power Tools Market Outlook
  • Market Drivers and Restraints
  • Industry Life Cycle and Value Chain Analysis
  • Porter's Five Forces Analysis
  • India Power Tools Market Share, by Players
  • Company Profiles
  • Recommendations

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