The India power tools Industry 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.
By the end of 2016, the Indian power tool market is anticipated to generate INR 3,532.8 crore in revenue, up 6.7% year over year. The India power tools market will advance due to rising industrialization and widespread accessibility of a wide variety of power tools. The Indian market is anticipated to be dominated by the markets in South and North India.
However, the market share of domestic and foreign players in India’s power tool market may be negatively impacted by rising Chinese power tool imports.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-in-1929
Professional power tools will keep growing in popularity, and as tools switch from nickel-cadmium to lithium-ion power, new business opportunities will arise for the nation’s power tool manufacturers.
Low operational costs and ease of use will drive the electric power tools segment, which is expected to dominate the India power tools market until the end of 2016. Pneumatics and other segments are expected to contribute more than 46 percent of the value share to the India power tools market in 2016.
Because of the concentration of a large number of industries, the markets in South and West India have the highest penetration of power tools. South and North India markets are expected to grow significantly in terms of revenue, while East and North India markets are expected to grow moderately.
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.
Talk To Analyst@ https://www.futuremarketinsights.com/ask-question/rep-in-1929
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.
Key Segments
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
Read More: