Thailand Power Tools Market (2021-2027) | COVID-19 IMPACT, Forecast, Trends, Value, Companies, Outlook, Growth, Analysis, Revenue, Size, Industry & Share

Market forecast By Market Type (Organized Market, Unorganized Market), By Technology (Electric Power Tools (Corded Power Tools, Cordless Power Tools), Pneumatic Power Tools)), By Tool Types (Metal Power Tools (By Types (Driller, Cutter, Grinder), By Applications (Metal Manufacturing, Metal Fabrication & Others)), Concrete Power Tools (By Types (Demolition Hammer, Rotary Hammer), By Applications (Concrete Drilling, Concrete Grinding & Others)), Wood Power Tools (By Types (Saws, Planer, Router), By Applications (Wood Cutting, Wood Drilling & Others)), Other Power Tools (Shears & Nibblers, Sand Polisher)), By Verticals (Construction, Industrial, Residential & Others (Defence, Transportation, etc.)) and competitive landscape

Product Code: ETC054273 Publication Date: Mar 2021 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand Power Tools Market Competition 2023


Thailand Export Potential Assessment For Power Tools Market (USD Values in Thousand)


Thailand Power Tools Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Japan. It has registered a growth of 48.7% over the previous year. While Japan registered a growth of 13.5% as compare to the previous year. In the year 2017 China was the largest exporter followed by Japan. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has the Herfindahl index of 4298 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  5459 which signifies high concentration in the market.

Thailand Power Tools Market - Export Market Opportunities

Thailand Power Tools Market report thoroughly covers the power tools market by market type, technology, tool types, and verticals. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, market drivers, and market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.

Thailand Power Tools Market Synopsis

The Thailand Power Tools Market is anticipated to witness notable growth during the forecast period as a result of a rapid shift in consumer preference from hand tools to power tools on account of several factors such as better operational efficiency, durability, precision, and convenience. The majority of the demand for power tools in Thailand could be witnessed in verticals such as industrial, construction, and transportation. The Expanding construction industry, growing automotive vertical and spurring growth of the industrial sector; along with a rapid shift of consumer preferences from hand tools to power tools, would provide huge opportunities for the growth of the power tools market in Thailand during the forecast period. Global power tools giants like Makita, Ingersoll Rand, Bosch, etc., are working on several latest technologies for making high-end power tools with enhanced technology and innovation. Thus, the increasing industrial and construction projects along with government initiative for improving automobile, manufacturing and industrial sectors would bode well for Thailand power tools market in the forthcoming period.

However, the outbreak of the COVID-19 pandemic has brought a slowdown in the market during the year 2020 as a result of a halt in the construction and industrial projects, business operations, manufacturing units, and the stringent lockdown imposed across the country. Recovery is expected in market revenues post-2020, with a gradual opening of economic activities and restart of the construction activities and the manufacturing sector.

According to 6Wresearch, Thailand Power Tools Market size is projected to grow at CAGR of 9.0% during 2021-27.  Attributed to the presence of a robust industrial sector in Thailand along with a rapidly growing automotive sector, the power tools market in the country accounted for a major share in the market. However, the market is projected to exhibit the highest growth rate on account of flourishing construction and industrial segments providing immense opportunities for the power tools demand in the country during the forecast period.

Market Analysis by Technology

In terms of technology type, electric power tools have emerged as a major market shareholder in the market in 2020, owing to its huge consumer preference as a result of comparatively lesser price, lower maintenance requirement, and more convenience to handle in comparison to pneumatic power tools. As technological advancements and innovations are taking place in power tools, the revenues and revenue share of cordless electric power tools is expected to increase further in the years to come. Moreover, a visible shift from corded to cordless power tools using lithium-ion batteries and dust control technology is seen among end-users. Hence, the cordless power tools segment is projected to witness substantial growth and high user acceptance during the forecast period owing to its certain key advantages such as portability, light-weight, and added-efficiency.

Market Analysis by Type

Among verticals, construction and industrial sector accounted for a major market revenue share with a cumulative share of more than 50% of the total market revenues in 2020. Industrial sector emerged as the dominant revenue share contributor in Thailand power tools market for the year 2020. The segment is projected to lead the market during the forecast period as well, attributed to forthcoming developmental projects and government policies towards industrial development in the country. An upsurge in manufacturing, oil & gas, metal, mining and utility segment would catalyse the growth of the power tools market in both countries during the forecast period.

Thailand Power Tools Market

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Thailand Power Tools Market Overview.
  • Thailand Power Tools Market Outlook.
  • Thailand Power Tools Market Forecast.
  • Historical data and forecast of Thailand Power Tools Market Revenues and Volume, for the Period, 2017-2027F.
  • Historical data and Forecast of Revenues and Volume, By Market Types, for the Period, 2017-2027F.
  • Historical data and Forecast of Revenues and Volume, By Tool Types, for the Period, 2017-2027F.
  • Historical data and Forecast of Revenues and Volume, By Technology, for the Period, 2017-2027F.
  • Historical data and Forecast of Revenues and Volume, By Verticals, for the Period, 2017-2027F.
  • Market Drivers and Restraints
  • Thailand Power Tools Market Trends
  • Industry Life Cycle and Value Chain Analysis & Ecosystem
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • Thailand Power Tools Market Share, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Market Type
    • Organized Market
    • Unorganized Market
  • By Technology
    • Electric Power Tools
      • Corded Power Tools
      • Cordless Power Tools
    • Pneumatic Power Tools
  • By Tool Types
    • Metal Power Tools
      • Driller
      • Cutter
      • Grinder
      • Metal Manufacturing
      • Metal Fabrication
      • Others
      • By Types
      • By Applications
    • Concrete Power Tools
      • Demolition Hammer
      • Rotary Hammer
      • Concrete Drilling
      • Concrete Grinding
      • Others
      • By Types
      • By Applications
    • Wood Power Tools
      • Saws
      • Planer
      • Router
      • Wood Cutting
      • Wood Drilling
      • Others
      • By Types
      • By Applications
    • Other Power Tools (Shears & Nibblers, Sand Polisher)
  • By Verticals
    • Construction
    • Industrial
    • Residential
    • Others (Defence, Transportation, etc.)

Other Key Reports Available:

  • Philippines Power Tools Market (2017-2027F)
  • Indonesia Power Tools Market (2017-2027F)
Thailand Power Tools Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Thailand Power Tools Market revenue is anticipated to record a CAGR of 9.0% during 2021-27.
Electric Power Tool segment owing to its huge consumer preference as a result of comparatively lesser price, lower maintenance requirement, and more convenient to handle.
The industrial segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Snap-on Inc., Makita Corporation, Hilti Corporation, Atlas Copco AB, Koki Holdings Co. Ltd, Robert Bosch Power Tools GmbH, Ingersoll-Rand PLC, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd., Keyang Power Tools
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1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Methodology Adopted & Key Data Points

2.5 Assumptions

3. Thailand Tools Market Overview

3.1 Thailand Power Tools Market Revenues and Volume, 2017-2027F

3.2 Thailand Power Tools Market-Industry Life Cycle

3.3 Thailand Power Tools Market-Porter’s Five Forces

3.4 Thailand Power Tools Market- Value Chain Analysis & Ecosystem

3.5 Thailand Power Tools Market Revenue Share, By Market Type, 2020 & 2027F

3.6 Thailand Power Tools Market Revenue Share, By Technology, 2020 & 2027F

3.7 Thailand Power Tools Market Revenue Share, By Tool Types, 2020 & 2027F

3.8 Thailand Power Tools Market Revenue Share, By Verticals, 2020 & 2027F

4. Thailand Power Tools Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Thailand Power Tools Market Trends

6. Thailand Power Tools Market Overview, By Market Type

6.1 Thailand Power Tools Market Revenue Share, By Market Type, 2020 & 2027F

6.2 Thailand Power Tools Market Revenues, By Market Type

6.2.1 Thailand Organized Power Tools Market Revenues, 2017-2027F

6.2.2 Thailand Unorganized Power Tools Market Revenues, 2017-2027F

7. Thailand Power Tools Market Overview, By Technology

7.1 Thailand Power Tools Market Revenue Share, By Technology, 2020 & 2027F

7.2 Thailand Power Tools Market Revenues, By Technology

7.2.1 Thailand Electric Power Tools Market Revenues, By Types

7.2.1.1 Thailand Corded Electric Power Tools Market Revenues, 2017-2027F

7.2.1.2 Thailand Cordless Electric Power Tools Market Revenues, 2017-2027F

7.2.2 Thailand Pneumatic Power Tools Market Revenues, 2017-2027F

8. Thailand Power Tools Market Overview, By Tool Types

8.1 Thailand Power Tools Market Revenue Share & Volume Share, By Tool Types

8.2 Thailand Metal Power Tools Market Overview

8.2.1 Thailand Metal Power Tools Market Revenues & Volume, 2017-2027F

8.2.2 Thailand Metal Power Tools Market Revenue Share & Revenues, By Types

8.2.2.1 Thailand Metal Power Tools Market Revenues, By Driller, 2017-2027F

8.2.2.2 Thailand Metal Power Tools Market Revenues, By Cutter, 2017-2027F

8.2.2.3 Thailand Metal Power Tools Market Revenues, By Grinder, 2017-2027F

8.2.3 Thailand Metal Power Tools Market Revenue Share, By Applications, 2020 & 2027F

8.2.4 Thailand Metal Power Tools Market Revenus, By Applications

8.2.4.1 Thailand Metal Power Tools Market Revenues, By Metal Manufacturing, 2017-2027F

8.2.4.2 Thailand Metal Power Tools Market Revenues, By Metal Fabrication, 2017-2027F

8.2.4.3 Thailand Metal Power Tools Market Revenues, By Other Applications, 2017-2027F

8.3 Thailand Concrete Power Tools Market Overview

8.3.1 Thailand Concrete Power Tools Market Revenues & Volume, 2017-2027F

8.3.2 Thailand Concrete Power Tools Market Revenue Share & Revenues, By Types

8.3.2.1 Thailand Concrete Power Tools Market Revenues, By Demolition Hammer, 2017-2027F

8.3.2.2 Thailand Concrete Power Tools Market Revenues, By Rotary Hammer, 2017-2027F

8.3.3 Thailand Concrete Power Tools Market Revenue Share, By Applications, 2020 & 2027F

8.3.4 Thailand Concrete Power Tools Market Revenues, By Applications

8.3.4.1 Thailand Concrete Power Tools Market Revenues, By Concrete Drilling, 2017-2027F

8.3.4.2 Thailand Concrete Power Tools Market Revenues, By Concrete Grinding, 2017-2027F

8.3.4.3 Thailand Concrete Power Tools Market Revenues, By Other Applications, 2017-2027F

8.4 Thailand Wood Power Tools Market Overview

8.4.1 Thailand Wood Power Tools Market Revenues & Volume, 2017-2027F

8.4.2 Thailand Wood Power Tools Market Revenue Share & Revenues, By Types

8.4.2.1 Thailand Wood Power Tools Market Revenues, By Saws, 2017-2027F

8.4.2.2 Thailand Wood Power Tools Market Revenues, By Planer, 2017-2027F

8.4.2.3 Thailand Wood Power Tools Market Revenues, By Router, 2017-2027F

8.4.3 Thailand Wood Power Tools Market Revenue Share, By Applications, 2020 & 2027F

8.4.4 Thailand Wood Power Tools Market Revenue, By Applications

8.4.4.1 Thailand Wood Power Tools Market Revenues, By Wood Cutting, 2017-2027F

8.4.4.2 Thailand Wood Power Tools Market Revenues, By Wood Drilling, 2017-2027F

8.4.4.3 Thailand Wood Power Tools Market Revenues, By Other Applications, 2017-2027F

8.5 Thailand Other Power Tools Market Overview

8.5.1 Thailand Other Power Tools Market Revenues & Volume, 2017-2027F

9. Thailand Power Tools Market Overview, By Verticals

9.1 Thailand Power Tools Market Revenue Share, By Verticals, 2020 & 2027F

9.2 Thailand Power Tools Market Revenues, By Verticals

9.2.1 Thailand Power Tools Market Revenues, By Construction Vertical, 2017-2027F

9.2.2 Thailand Power Tools Market Revenues, By Residential Vertical, 2017-2027F

9.2.3 Thailand Power Tools Market Revenues, By Industrial Vertical, 2017-2027F

9.2.4 Thailand Power Tools Market Revenues, By Others Vertical, 2017-2027F

10. Thailand Power Tools Market Key Performance Indicators

11. Thailand Power Tools Market Opportunity Assessment

11.1 Thailand Power Tools Market Opportunity Assessment, By Technology, 2027F

11.2 Thailand Power Tools Market Opportunity Assessment, By Tool Types, 2027F

11.3 Thailand Power Tools Market Opportunity Assessment, By Verticals, 2027F

12. Thailand Power Tools Market Competitive Landscape

12.1 Thailand Power Tools Market Revenue Share, By Companies

12.2 Thailand Power Tools Market Competitive Benchmarking

12.2.1 Thailand Power Tools Market Competitive Benchmarking, By Technology

12.2.2 Thailand Power Tools Market Competitive Benchmarking, By Operating Parameters

13. Company Profiles

13.1 Snap-on Inc.

13.2 Makita Corporation

13.3 Hilti Corporation

13.4 Atlas Copco AB

13.5 Koki Holdings Co. Ltd,

13.6 Robert Bosch Power Tools GmbH

13.7 Ingersoll-Rand PLC

13.8 Stanley Black & Decker, Inc.

13.9 Techtronic Industries Co. Ltd.

13.10 Keyang Power Tools

14. Key Strategic Recommendations

15. Disclaimer

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 (Construction, Automotive, Manufacturing, and Others), By Regions (Northern and Southern) and Competitive Landscape

India Power Tools Market (2018-2024): Market Forecast By Technology (Electric Power Tools (Corded Power Tools and Cordless Power Tools), Pneumatic Power Tools)), By Tool Types (Metal Segment, Concrete Segment, Wood-working Segment, and Others), By Verticals (Construction, Industrial, Automotive and Others), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Middle East Power Tools Market (2018-2024): Market Forecast By Types (Electric and Pneumatic), By Tool Types (Metal, Concrete, Wood Working, and Others), By Verticals (Construction, Automotive, Manufacturing, and Others), By Countries (Turkey, Iran, Saudi Arabia, UAE, Qatar, Oman, Bahrain, and Kuwait) and Competitive Landscape

North America Power Tools Market (2020-2026): Market Forecast By Tool Types(Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools & Others), By Modes of Operation(Electric (Corded Tools, Cordless ToolsPneumatic), By Applications (Industrial (Aerospace, Construction, Automotive, Energy), Residential), By Countries(United States of America, Canada & Rest of North America) and Competitive Landscape

Latin America Power Tools Market (2020-2026): Market Forecast By Tool Types(Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools & Others), By Modes of Operation(Electric (Corded Tools, Cordless ToolsPneumatic), By Applications (Industrial (Aerospace, Construction, Automotive, Energy), Residential), By Countries(Brazil, Argentina, Mexico & Rest of Latin America) and Competitive Landscape

Global Power Tools Market (2020-2026): Market Forecast By Tool Types(Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools , Material Removal Tools & Others), By Modes of Operation(Electric (Corded Tools, Cordless ToolsPneumatic), By Applications (Industrial (Aerospace, Construction, Automotive, Energy), Residential), By Regions (North America, Europe, Asia Pacific, Latin America Middle East & Africa), By Key Countries and Competitive Landscape

Europe Power Tools Market (2020-2026): Market Forecast By Tool Types(Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools & Others), By Modes of Operation(Electric (Corded Tools, Cordless ToolsPneumatic), By Applications (Industrial (Aerospace, Construction, Automotive, Energy), Residential), By Countries(Germany, Italy, France, United Kingdom & Rest of Europe) and Competitive Landscape

Asia Pacific Power Tools Market (2020-2026): Market Forecast By Tool Types(Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools & Others), By Modes of Operation(Electric (Corded Tools, Cordless ToolsPneumatic), By Applications (Industrial (Aerospace, Construction, Automotive, Energy), Residential), By Countries(India, China, Japan, Australia, Indonesia, Malaysia, Thailand, South Korea & Rest of Asia Pacific) and Competitive Landscape

India Power Tools Market (2020-2026): Market Forecast By Technology (Electric Power Tools (Corded Power Tools, Cordless Power Tools), Pneumatic Power Tools), By Tool Types (Metal Power Tools (Grinder, Cutter, Driller), Concrete Power Tools (Demolition Hammer, Rotatory Hammer), Wood Power Tools (Saws, Router, Planer), Other Power Tools (Sand Polisher, Shears & Nibblers, Painting Tools), By Verticals (Industrial, Commercial, Transportation, Others (Defense, DIY Customers, etc.)), By Market Type (Organized Market, Unorganized Market), By Regions (Eastern, Western, Northern, Southern) and competitive landscape

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