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

  • Published: 2016-10-03
  • Report Code: REP-IN-1929

An Incisive, In-depth Analysis on the India Power Tool Market

This study offers a comprehensive, 360 degree analysis on the India Power Tool market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global India Power Tool market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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 FMI 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.

Key trends identified in the India power tools market are increasing sales of professional power tools, shift from nickel-cadmium to lithium-ion powered tools and move from cord-based to cordless power tools. Furthermore, in order to gain the competitive edge in the market and for product differentiation, companies are investing substantially in research and development of energy-efficient and environmental-friendly power tools.

Factors such as unavailability of skilled labour and high costs involved in hiring professionals for basic services in major cities across the country are anticipated to create significant opportunities and drive demand for power tools in the domestic market.

Currently, the Indian power tools market is swamped with Chinese products. This has adversely affected market share of existing local and international players in the country. 

Market Segmentation

India power tools market is segmented on the basis of end-user, mode of operation and region.

On the basis of end-user, the market is segmented into industrial power tools and household power tools. With increasing industrialization, the industrial sector is estimated to dominate in terms of demand for power tools. Industrial segment is estimated to account for 55.8% in terms of value share by end of 2016. The household segment is estimated to account for 44.2% in terms of value share by 2016, and is expected to expand at a CAGR of 8.9% over the forecast period.

The electric power tools segment is anticipated to dominate the market throughout the forecast period, owing to ease of operation and low operational costs. The segment is expected to be most attractive between 2016 and 2026, and witness significant investment in product development. Electric segment is estimated to account for 56.6% in terms of value share by end of 2026. Pneumatic and others segments are estimated to collectively account for 46.4% in terms of value share by end of 2016.   

On the basis of region, the market is segmented into North India, South India, East India and West India. With large number of industries concentrated in the region, the market in South India and West India is expected to account for maximum demand for power tools over the forecast period. Market in South India is expected to account for 38.2% of the total India market by the end of 2026. Market in North India is estimated to be growing rapidly, expanding at a CAGR of 9.7% over the forecast period.

india power tools market

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.

Future Market Insights (FMI) report examines the India Power Tools market over the forecast period, 2016–2026. The primary objective of the report is to identify opportunities and highlight updates and insights, pertaining to various segments of the India power tools market.

Power tools are portable and stationary instruments, which are used to facilitate mechanical operations. Power tools utilise a power source and mechanism, such as electricity, air pressure and fuel for operation. Power tools are categorised on the basis of power source: electric power-operated tools; pneumatic power tools; liquid fuel (gas)-powered tools; hydraulic power tools and powder-actuated tools.

To understand and assess opportunities in the India power tools market, the report is categorically divided into three sections: On the basis of end-use; mode of operation and region. The report analyses the India power tools market in terms of value (INR Crore) and volume (‘000 units).

The report begins with an overview of the global power tools market, followed by India power tools market, appraising power tools sales in terms of value and volume, followed by FMI’s analysis of key trends, drivers, restraints and opportunities in the market. Key trends by product type are also included in the report to equip the client with crystal clear decision making insights.

The subsequent sections analyse the India power tools market on the basis of end-use, mode of operation and region, and presents a forecast for the period, 2016–2026. The market is segmented as follows:

By end-use

  • Industrial Power Tools
  • Household Power Tools

By mode of operation

  • Electric
  • Pneumatic
  • Others

By country

  • North India
  • South India
  • East India
  • West India

To deduce the market size, the report considers various aspects based on secondary research. Furthermore, data points such as region-wise split and market-split by end-use and mode of operations and qualitative inputs from primary respondents have been included to arrive at appropriate market estimates. Forecast presented in the report assesses total revenue generated and expected revenue contribution by the India power tools market. In addition, end-use and mode of operation segments are bifurcated into each region, so as to give a deeper insight of demand in the India power tools market.

When developing the market forecast, the report begins with sizing the current market, which forms the basis for market forecasting. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side and dynamics of the India power tools market. However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.

Another key feature of this report is the analysis of India power tools market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the India power tools market. 

To understand the growth and performance of key segments in the India power tools market, Future Market Insights has developed a market attractiveness index. The index should help providers identify existing market opportunities in the India power tools market.

In final section of the report, competitive landscape is included to provide a dashboard view of global and regional companies that manufacture and supply power tools in India. The report contains company-wise market share analysis and profiles of some of the major players operating in the India power tools market.

Market players featured in this report include:

Global Players

  • Atlas Copco AB
  • Snap-on International
  • Techtronic Industries Co. Ltd.
  • Danaher Corporation
  • Actuant Corporation
  • SKF AB

Regional Players

  • Stanley Black & Decker
  • Hitachi Koki Co. Ltd.
  • Makita Corporation
  • Robert Bosch GmbH
  • Kulkarni Power Tools

India Power Tool Market Reports - Table of Contents

India Power Tool Market Reports - List of Tables

Table 1: India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by End-Use, 2015–2026

Table 2: India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by Mode of Operation, 2015–2026

Table 3: India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by Region, 2015–2026

Table 4: North India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by End Use, 2015–2026

Table 5: North India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by Mode of Operation, 2015–2026

Table 6: South India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by End-Use, 2015–2026

Table 7: South India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by Mode of Operation, 2015–2026

Table 8: East India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by End-Use, 2015–2026

Table 9: East India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by Mode of Operation, 2015–2026

Table 10: West India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by End-Use, 2015–2026

Table 11: West India Power Tools Market Value (INR Crore) and Volume (‘000 Units), by Mode of Operation, 2015–2026

India Power Tool Market Reports - List of Figures

Figure 1: India Power Tools Market Value & Volume Forecast, 2016–2026

Figure 2: India Power Tools Market Absolute Value Opportunity Assessment (INR Crore),

Figure 3: India Power Tools Market Value BPS Analysis, by End-Use, 2015 & 2026

Figure 4: India Power Tools Market Y-o-Y Growth, by End-Use, 2016–2026

Figure 5: India Power Tools Market Attractiveness, by End-Use, 2016–2026

Figure 6: India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Industrial Segment, 2016–2026

Figure 7: India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Household Segment, 2016–2026

Figure 8: India Power Tools Market Value BPS Analysis, by Mode of Operation, 2015 & 2026

Figure 9: India Power Tools Market Y-o-Y Growth, by Mode of Operation, 2016–2026

Figure 10: India Power Tools Market Attractiveness, by Mode of Operation, 2016–2026

Figure 11: India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Electric Segment, 2016–2026

Figure 12: India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Pneumatic Segment, 2016–2026

Figure 13: India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Others Segment, 2016–2026

Figure 14: India Power Tools Market Value BPS Analysis, by Region, 2015 & 2026

Figure 15: India Power Tools Market Y-o-Y Growth, by Region, 2016–2026

Figure 16: India Power Tools Market Attractiveness, by Region, 2016–2026

Figure 17: North India Power Tools Market Value & Volume Forecast, 2015–2026

Figure 18: North India Power Tools Market Absolute Value Opportunity (INR Crore), 2016–2026

Figure 19: North India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Industrial Segment, 2016–2026

Figure 20: North India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Household Segment, 2016–2026

Figure 21: North India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Electric Segment, 2016–2026

Figure 22: North India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Pneumatic Segment, 2016–2026

Figure 23: North India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Others Segment, 2016–2026

Figure 24: South India Power Tools Market Value & Volume Forecast, 2015–2026

Figure 25: South India Power Tools Market Absolute Value Opportunity, 2016–2026

Figure 26: South India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Industrial Segment, 2016–2026

Figure 27: South India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Household Segment, 2016–2026

Figure 28: South India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Electric Segment, 2016–2026

Figure 29: South India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Pneumatic Segment, 2016–2026

Figure 30: South India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Others Segment, 2016–2026

Figure 31: East India Power Tools Market Value & Volume Forecast, 2015–2026

Figure 32: East India Power Tools Market Absolute Value Opportunity, 2016–2026

Figure 33: East India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Industrial Segment, 2016–2026

Figure 34: East India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Household Segment, 2016–2026

Figure 35: East India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Electric Segment, 2016–2026

Figure 36: East India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Pneumatic Segment, 2016–2026

Figure 37: East India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Others Segment, 2016–2026

Figure 38: West India Power Tools Market Value & Volume Forecast, 2015–2026

Figure 39: West India Power Tools Market Absolute Value Opportunity, 2016–2026

Figure 40: West India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Industrial Segment, 2016–2026

Figure 41: West India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Household Segment, 2016–2026

Figure 42: West India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Electric Segment, 2016–2026

Figure 43: West India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Pneumatic Segment, 2016–2026

Figure 44: West India Power Tools Market Absolute Value Opportunity Assessment (INR Crore), by Others Segment, 2016–2026

Figure 45: India power Tools Market Structure, 2015

Figure 46: India power Tools Market Share Analysis, by Company, 2015

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