During the forecast period, the industrial nailers market is anticipated to expand its boundaries at a consistent CAGR of 7.8%. The market is projected to generate US$ 678.6 million in sales in 2023 and to reach US$ 1,432.6 million in value by 2033.
Through the projected period, the market for industrial nailers is anticipated to cross US$ 1.15 billion. Manufacturers and major players frequently concentrate on growing sales prospects in the market that will expand in terms of value and revenue, thereby opening a route for opportunities. Key market limitations may include fierce rivalry between participants and insufficient resource application.
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The market environment is significantly shaped by product innovation and price competitiveness. In the near future, market growth is projected to be driven by the growing demands for urban lifestyles and commercial sectors. Because they have larger requirements, developing economies dominate the market, according to the FMI Analyst.
Industrial Nailers Market – Key Highlights
- Industrial Nailers market is likely to create an incremental opportunity of value surpassing US$ 1 billion by 2030.
- The global market is expected to grow at a rapid pace, North America presenting lucrative opportunities of US$ 128.4 million in the upcoming years.
- On the basis of end-use, automotive segment accounts for the maximum revenue share.
- Coil nailers market accounts for 20% of the total industrial nailers market.
Industrial Nailers Market – Driving Factors
- Due to rising population and their urban housing needs or the need in millwork, furniture market is expanding globally.
- High demand in commercial construction industry, developing economies, infrastructure projects drives the market to a great extent.
- Rapid industrialization, urbanization and well-established construction, heightened furniture sales is paving tracks for market expansion.
- Owing to the advantages of it in car interiors like car frame or leather, manufacturers are depending more on it.
Industrial Nailers Market – Key Restraints
- Rising rate of severe injuries can hamper the growth of nail gun market.
- Incompatibility results in limited application of resources which hinders market growth.
Expected Impact on Market by Coronavirus Outbreak
Strict lockdown and social distancing is likely to reduce the production and demand for industrial nailers will remain sluggish due to reduced construction and minimum human contact. Key producers and players are likely to improve their strategies by working on product innovation for marking a better footprint in the market. Reduced demand for pneumatic, cordless and gas powered industrial nailers has affected the industry negatively.
Key Players
- Stanley Black & Decker
- Illinois Tool Work Inc.
- Robert Bosch Power Tools GmbH
- Kyocera Corp
- Everwin Pneumatic Corp
- Techtronic Industries Co. Ltd.
- Apach Industrial Co. Ltd.
- JAACO CORP
- Raimund Beck KG
- DEWALT
- Aerosmith Fastening
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Industrial Nailers Industry Survey
Industrial Nailers Market by Category:
- Pneumatic Industrial Nailers
- Cordless Industrial Nailers
- Gas-powered Industrial Nailers
Industrial Nailers Market by Product:
- Brad & Pins
- Coils
- Roofing
- Framing & Sheathing
- Flooring
- Sliding & Fencing
- Others
Industrial Nailers Market by Operation:
- Handheld Industrial Nailers
- Automatic Industrial Nailers
Industrial Nailers Market by Nail Length:
- Less than 20 mm
- 20 to 40 mm
- 40 to 60 mm
- 60 to 80 mm
- Above 80 mm
Industrial Nailers Market by Application:
- Furniture
- Millwork
- Pallets & Crating
- Leather Goods Manufacturing
- Steel Skids
- Construction & Framing
- Automotive Interiors
- Others
Industrial Nailers Market by Region:
- North America Industrial Nailers Market
- Latin America Industrial Nailers Market
- Europe Industrial Nailers Market
- East Asia Industrial Nailers Market
- South Asia & Pacific Industrial Nailers Market
- Middle East & Africa (MEA) Industrial Nailers Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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