Market Overview

India Power Tools Market 2018-2024: Market Forecast by Technology, by Tool Types, by Verticals, by Regions and Competitive Landscape - ResearchAndMarkets.com

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The "India
Power Tools Market (2018-2024): Market Forecast by Technology, by Tool
Types, by Verticals, by Regions and Competitive Landscape"

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India Power Tools Market is projected to grow at a CAGR of over 8.4%
during 2018-24.

With growing automation & time-efficiency requirements, there is a
radical shift from hand tools towards power tools in India. Over the
past few years, power tools have gained acceptance across all major
verticals including construction, industrial, and automotive. Further,
to fulfill the continuously growing demand for power tools in the
country, manufacturers are coming up with innovative products which
offer application-specific power tools as per end user requirements.

Electric power tools segment bagged the highest revenue share in 2017.
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, concrete segment contributed a
majority of the revenue share in 2017, followed by metal and wood
working segments.

Moreover, the Southern region contributed the largest revenue share
towards the overall India power tools market in 2017, attributed to the
presence of robust industrial sector in the region. In addition, during
the forecast period, the Western region is projected to exhibit the
highest growth rate on account of the flourishing construction and
industrial segments in the region.

Markets 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

Companies Mentioned

  • 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.
  • Techtronic Industries Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/research/x24rgp/india_power_tools?w=4

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