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 Tools, Pneumatic), 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
Product Code: ETC001549 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The power tools market in the Asia Pacific region is augmented by growing innovations in fields of automation and charging technologies such as lithium-ion rechargeable batteries, rapid urbanization, and the growing trend of ‘Do it Yourself’ culture. However, Safety concerns and high maintenance costs of power might have a counter effect on market growth.
According to 6Wresearch, Asia Pacific (APAC) Power Tools market size is expected to register substantial growth during 2020-2026. India and China are the leading contributors to the revenue of the power tools market in the Asia Pacific region and would continue to hold their position during the forecast period as well. China’s ‘Belt and Road initiative’ and India’s ‘Make in India’ project would enhance the demand for the Power Tools market in the region during the forecast period. Moreover, countries such as South Korea and Japan are likely to witness substantial growth in market demand driven by their shipbuilding industry during the next five years.
Based on tool types, the drilling and fastening tools are the major market shareholders and are expected to retain their status throughout the forecast period. Additionally, industrial demand for use of power tools is likely to fuel market growth in the forecast period. Based on the mode of operation, electric power tools currently hold the leading market share, and a further rise in this proportion is anticipated during the years 2020-2026 due to a growing demand for cordless tools.
The Asia Pacific power tools report covers an in-depth analysis of the market by tool types, applications, modes of operation, and key countries including India, China, Japan, Australia, Malaysia, Thailand, Indonesia, and the Rest of APAC. The Asia Pacific power tools market outlook provides an unbiased and detailed analysis of the on-going power tools market trends in the Asia- Pacific region, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific power tool market is projected to sound revenues in the coming timeframe on the back of the rising growth of the automotive, aerospace, and commercial sectors. Additionally, on the basis of country, India power tool market is expected to dominate highest market revenues owing to rise in the need for time efficiency when domestic work has to be performed such as fixing electrical connections and faster in tightening & loosening screws which saves time than using of hand power equipment and is anticipated to generate high sales revenues and would proliferate the growth of Asia Pacific power tool market in the coming years.
The Asia Pacific power tool market is estimated to gain traction in the upcoming six years. On the back of the rising automotive industry. Increased vehicle manufacturing rate due to its high demand in the country where Instigate adoption for power tools helps in the fastening work process by tightening and loosening car parts, as a result, is strengthening product demand.
Rising infrastructure development in India is estimated to witness potential growth at the fastest pace.
Rising private owners and government investment in construction projects like Navi Mumbai international airport with the aim of smart City. Increased construction requires multiple power tools such as a sander, rotary saw, and scroll saw in order to ensure smooth and fast workflow during the construction process, and this key component attribute is a growth factor and would benefit Asia pacific power tool market garner substantial growth during the forecast period.
Asia Pacific Power tool market is anticipated to register sound revenues in the coming timeframe backed by the rising progressive growth of the construction sector across the region. An increase in the growth in the construction of redefined infrastructure is expected to provide a gateway towards the success of the Asia Pacific power tools market in the coming time zone. Rapid urbanization and industrialization are yet, expected to be another growth proliferating factor for the growth of the power tools market across the region underpinned by the rising demand for modern industrial components which are expected to raise demand for power tools equipment and would benefit the Asia Pacific Power tool market in the upcoming six years.
Asia Pacific power tools market is anticipated to register sound revenues in the upcoming six years backed by the rising use of DIY concept and renovation process in the houses. On the basis of the country, India power tools market is estimated to generate humongous revenues in the market owing to an increase in the number of middle-class families and youth population has accelerated the adoption of electric vehicles in the country and is likely to widen the product demand during the maintenance of automobiles. In line with this, the power tools speed up the repetitive process of tightening and loosening nuts and bolts is estimated to leave a positive impact on the market demand and would benefit the growth of the Asia Pacific Power Tools market in the years ahead.
Key Highlights of the Report:
Markets Covered
The Asia Pacific Power Tools Market report provides a detailed analysis of the following market segments:
Other Key Reports Available:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Power Tools Market Overview |
3.1 Asia Pacific Country Indicators |
3.2 Asia Pacific Power Tools Market Revenues, 2016-2026F |
3.3 Asia Pacific Power Tools Market Revenue Share, By Tool Types, 2019 & 2026F |
3.4 Asia Pacific Power Tools Market Revenue Share, By Modes of Operation, 2019 & 2026F |
3.5 Asia Pacific Power Tools Market Revenue Share, By Applications, 2019 & 2026F |
3.6 Asia Pacific Power Tools Market Revenue Share, By Countries, 2019 & 2026F |
3.7 Asia Pacific Power Tools Market - Industry Life Cycle |
3.8 Asia Pacific Power Tools Market - Porter’s Five Forces |
4 Asia Pacific Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Power Tools Market Trends |
6 Asia Pacific Power Tools Market Overview, By Tool Types |
6.1 Asia Pacific Drilling and Fastening Tools Market Revenues, 2016-2026F |
6.2 Asia Pacific Demolition Tools Market Revenues, 2016-2026F |
6.3 Asia Pacific Sawing and Cutting Tools Market Revenues, 2016-2026F |
6.4 Asia Pacific Material Removal Tools Market Revenues, 2016-2026F |
6.5 Asia Pacific Other Power Tools Market Revenues, 2016-2026F |
7 Asia Pacific Power Tools Market Overview, By Applications |
7.1 Asia Pacific Power Tools Market Revenues, By Industrial Application, 2016-2026F |
7.2 Asia Pacific Industrial Application Power Tools Market Revenues, By Types, 2016-2026F |
7.2.1 Asia Pacific Power Tools Market Revenues, By Construction Industrial Application, 2016-2026F |
7.2.2 Asia Pacific Power Tools Market Revenues, By Aerospace Industrial Application, 2016-2026F |
7.2.3 Asia Pacific Power Tools Market Revenues, By Automotive Industrial Application, 2016-2026F |
7.2.4 Asia Pacific Power Tools Market Revenues, By Energy Industrial Application, 2016-2026F |
7.2.5 Asia Pacific Power Tools Market Revenues, By Other Industrial Application, 2016-2026F |
7.3 Asia Pacific Power Tools Market Revenues, By Residential Application, 2016-2026F |
8 Asia Pacific Power Tools Market Overview, By Modes of Operation |
8.1 Asia Pacific Electric Power Tools Market Revenues, 2016-2026F |
8.2 Asia Pacific Electric Power Tools Market Revenues, By Types, 2016-2026F |
8.2.2 Asia Pacific Corded Electric Power Tools Market Revenues, 2016-2026F |
8.2.3 Asia Pacific Cordless Electric Power Market Revenues, 2016-2026F |
8.3 Asia Pacific Pneumatic Power Tools Market Revenues, 2016-2026F |
9 India Power Tools Market Overview |
9.1 India Power Tools Market Revenues, 2016-2026F |
9.2 India Power Tools Market Revenue, By Tool Types, 2016-2026F |
9.3 India Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
9.4 India Power Tools Market Revenue, By Applications, 2016-2026F |
10 China Power Tools Market Overview |
10.1 China Power Tools Market Revenues, 2016-2026F |
10.2 China Power Tools Market Revenue, By Tool Types, 2016-2026F |
10.3 China Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
10.4 China Power Tools Market Revenue, By Applications, 2016-2026F |
11 Japan Power Tools Market Overview |
11.1 Japan Power Tools Market Revenues, 2016-2026F |
11.2 Japan Power Tools Market Revenue, By Tool Types, 2016-2026F |
11.3 Japan Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
11.4 Japan Power Tools Market Revenue, By Applications, 2016-2026F |
12 Australia Power Tools Market Overview |
12.1 Australia Power Tools Market Revenues, 2016-2026F |
12.2 Australia Power Tools Market Revenue, By Tool Types, 2016-2026F |
12.3 Australia Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
12.4 Australia Power Tools Market Revenue, By Applications, 2016-2026F |
13 Indonesia Power Tools Market Overview |
13.1 Indonesia Power Tools Market Revenues, 2016-2026F |
13.2 Indonesia Power Tools Market Revenue, By Tool Types, 2016-2026F |
13.3 Indonesia Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
13.4 Indonesia Power Tools Market Revenue, By Applications, 2016-2026F |
14 Malaysia Power Tools Market Overview |
14.1 Malaysia Power Tools Market Revenues, 2016-2026F |
14.2 Malaysia Power Tools Market Revenue, By Tool Types, 2016-2026F |
14.3 Malaysia Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
14.4 Malaysia Power Tools Market Revenue, By Applications, 2016-2026F |
15 Thailand Power Tools Market Overview |
15.1 Thailand Power Tools Market Revenues, 2016-2026F |
15.2 Thailand Power Tools Market Revenue, By Tool Types, 2016-2026F |
15.3 Thailand Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
15.4 Thailand Power Tools Market Revenue, By Applications, 2016-2026F |
16 South Korea Power Tools Market Overview |
16.1 South Korea Power Tools Market Revenues, 2016-2026F |
16.2 South Korea Power Tools Market Revenue, By Tool Types, 2016-2026F |
16.3 South Korea Power Tools Market Revenue, By Modes of Operation, 2016-2026F |
16.4 South Korea Power Tools Market Revenue, By Applications, 2016-2026F |
17 Rest of Asia Pacific Power Tools Market Overview |
17.1 Rest of Asia Pacific Power Tools Market Revenues & Volume, 2016-2026F |
18 Asia Pacific Power Tools Market Key Performance Indicators |
19 Asia Pacific Power Tools Market Opportunity Assessment |
19.1 Asia Pacific Power Tools Market Opportunity Assessment, By Tool Types, 2026F |
19.2 Asia Pacific Power Tools Market Opportunity Assessment, By Applications 2026F |
19.3 Asia Pacific Power Tools Market Opportunity Assessment, By Modes of Operation, 2026F |
20 Asia Pacific Power Tools Market Competitive Landscape |
20.1 Asia Pacific Power Tools Market Revenue Share, By Companies, 2019 |
20.1.1 India Power Tools Market Revenue Share, By Companies, 2019 |
20.1.2 China Power Tools Market Revenue Share, By Companies, 2019 |
20.1.3 Japan Power Tools Market Revenue Share, By Companies, 2019 |
20.1.4 Australia Power Tools Market Revenue Share, By Companies, 2019 |
20.1.5 Indonesia Power Tools Market Revenue Share, By Companies, 2019 |
20.1.6 Malaysia Power Tools Market Revenue Share, By Companies, 2019 |
20.1.7 South Korea Power Tools Market Revenue Share, By Companies, 2019 |
20.1.8 Thailand Power Tools Market Revenue Share, By Companies, 2019 |
20.2 Asia Pacific Power Tools Market Competitive Benchmarking, By Operating Parameters |
21 Company Profiles |
22 Key Strategic Recommendations |
23 Disclaimer |