India Power Tools Market to register healthy CAGR of 9.5% over the forecast period 2022–2026 : FMI

The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by end of 2016, and is estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialisation and widespread availability of wide range of power tools will continue to drive growth of the India power tools market. The markets in South and North India are estimated to collectively dominate the India market.

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 FMI offers detailed insights in the report.

Robust development in the industrial sector and growing automotive sales are key factors driving growth of the India power tools market. Moreover, increasing consumer confidence index (CCI) in India is projected to play a key role in escalating demand for power tools in the India market. Emergence of a variety of cost-effective, durable and multi-functional power tools is anticipated to fuel demand in future. In addition, shifting consumer behaviour toward DIY hacks is also expected to boost demand for power tools in India.

Request a free sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-in-1929

Professional power tools will continue to gain traction, and major shift from nickel-cadmium to lithium-ion powered tools will create new opportunities for power tools manufacturers in the country.

However, increasing import of power tools from China may negatively impact market share of domestic and international players in the India power tools market.

The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

Low operational costs and ease-of-use will continue to drive electric power tools segment, which is anticipated to dominate the India power tools market till 2016 end. Pneumatics and others segments are projected to collectively contribute over 46% in terms of value share to India power tools market in 2016.

The markets in South India and West India represent highest penetration of power tools, owing to concentration of a large number of industries. South and North India markets are expected to expand significantly in terms of revenue as compared to moderately thriving East India and North India markets.

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-in-1929

Competitive Landscape

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

Long-term Outlook: India power tools market is anticipated to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/1929

Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain

Commercial Refrigeration Compressors MarketThe global commercial refrigeration compressors market is estimated to be worth around US$ 3.59 Bn in 2022. With surging demand from food and beverages industry, the overall market is projected to expand at a moderate CAGR of 4.5% between 2022 and 2029, reaching a valuation of US$ 4.87 Bn by 2029.

ASEAN Safety Sensors and Switches MarketThe safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022.  With rising adoption of safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.

Magnetic Separator MarketIncreasing use of magnetic separators to remove unwanted particles during the metal recycling processes across diverse industries is propelling the demand in the market. Driven by this, the market valuation is set to reach US$ 1.7 Bn in 2029.

Contact Us:

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com

Leave a Comment

%d bloggers like this: