Market Overview

UAE Power Tools Market 2018-2024: Market is Projected to Reach Over $163 Million - ResearchAndMarkets.com

Share:

The "UAE
Power Tools Market (2018-2024): Market Forecast By Technology (Electric
Power Tool and Pneumatic Power Tool), By Tool Types (Metal Segment,
Concrete Segment, Wood Working Segment and Others), By Verticals, By
Regions and Competitive Landscape"
report has been added to ResearchAndMarkets.com's
offering.

UAE power tool market is projected to reach over $163 million by 2024.

UAE power tools market registered a healthy growth during 2014-17
attributed to increasing construction market as well as governmental
spending on infrastructure development projects. UAE Vision 2021 and Abu
Dhabi Vision 2030 would positively affect the growth of construction
market, further boosting the deployment of power tools over the coming
years.

However, upcoming new commercial and residential projects coupled with
increasing automotive sector and surging need for automation are some of
the key factors which would further drive the market over the next six
years. Also, for upcoming World Expo 2020 more than $15.41 billion is
expected to be invested by the UAE government for the expansion of
existing and construction of new public and private infrastructures
resulting in an increase in deployment of power tools in the country.

The market registered a healthy growth in revenues during 2014-17, owing
to surge in demand for metal and concrete segment power tools. Drilling
cordless tools with lithium-ion batteries under the metal segment tool
type are majorly in demand due to its deployment in residential sector
along with construction and automation sectors.

In UAE, Northern region held majority of the market share in term of
revenues on the back of increasing construction activities in Dubai due
to World Expo 2020, increasing vehicle sales and urbanization. Southern
region is expected to register a healthy growth during the forecast
period 2018-24 due to increase in infrastructural and railway projects
in Abu Dhabi.

Markets Covered:

By Technology:

  • Electric Power Tool
  • Pneumatic Power Tool

By Tool Types:

  • Metal Segment
  • Concrete Segment
  • Wood Working Segment
  • Others

By Verticals:

  • Construction
  • Automotive
  • Manufacturing
  • Others

By Regions:

  • Northern
  • Southern

Companies Mentioned

  • Robert Bosch Middle East
  • Hitachi Sales Middle East FZE
  • Makita Gulf FZE
  • Atlas Copco Services Middle East
  • Hilti Emirates LLC
  • Black and Decker GMBH
  • Techtronic Industries FZCO
  • Metabo Middle East

For more information about this report visit https://www.researchandmarkets.com/research/4t6bfr/uae_power_tools?w=4

View Comments and Join the Discussion!