Australia Power Tools Market (2020-2026) | Industry, Companies, Outlook, Analysis, Value, Growth, Trends, Revenue, Share, Size, Forecast & COVID-19 IMPACT

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

In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 29.42% over the previous year. While the USA registered a growth of 28.25% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 5270 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  5606 which signifies high concentration in the market.

Australia Power Tools Market - Export Market Opportunities

Latest 2023 Developments of the Australia Power Tools Market

Australia Power Tools Market is growing at a rapid pace on the back of the growing demand for cordless power tools, growing preferences for high-end models, the introduction of advanced power tools, the emergence of electronic motors, as well as expansion in online sales channels.  The demand for cordless power tools is fueled by the rising preferences among consumers in the nation for more efficient as well as convenient solutions. Manufacturers in the nation are introducing smart cordless models with longer runtimes as well as improved battery technology. Manufacturers also started introducing smart power tools that use technologies such as artificial intelligence.

Topics Covered in Australia Power Tools Market Report

The Australia Power Tools Market report thoroughly covers the market by tool type, mode of operation, and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, 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.

Australia Power Tools Market Synopsis

Australia Power Tools Market is anticipated to grow at a healthy growth rate on the back of the growing online sales channels, the emergence of electric vehicles, the introduction of advanced power tools, growing preferences for high-end models, and high demand for cordless power tools.

According to 6Wresearch, The Australia power tools market is anticipated to rise during the forecast period 2020-2026. The growth of this propelling market is attributed to many growth factors like faster economic growth, infrastructure development projects, rising tourism sector, growing construction activities, and increasing demand for consumer durables products. In addition, advancements in technology have helped the market to become more efficient. Players running in the sector have been helping more in the Australia Power Tools Market growth. The sector is rising enormously and rising investment from foreign and domestic investors also plays a crucial role in the smooth functioning of this sector. Moreover, the country’s government is taking initiatives towards industrialization also helping in market growth. The future of this sector looks promising as it has been accomplishing growth since the time this market started operating. The growing disposable incomes among the middle-class population along with growing urbanization have been stimulating spending on home improvement projects, therefore, providing further impetus to this market prospects in the next few years.

COVID-19 Impact on Power Tools Market in Australia

The pandemic outbreak has had a key impact on Australia Power Tools Industry. The country’s construction industry, which is accountable for the growth of the power tools market in the country, has been hit hard by the economic impacts of travel restrictions as well as lockdown measures. Additionally, with people spending less due to job losses and decreased income levels, demand for consumer goods such as power tools has dropped. This is leading to a reduction in sales for manufacturers and distributors in this market. In addition, supply chain disruptions have also caused delays as well as disruption in production and delivery schedules for local and imported items.

Australia Power Tools Market: Major Companies

Players that are playing a huge role in the market progression include:

• Hilti Corporation
• Stanley Black & Decker
• Makita Corporation
• Hitachi Koki Co Ltd
• Snap-on Incorporated
• Dewalt (Black & Decker)
• Robert Bosch Tool Corporation
• Techtronic Industries Company Limited
• Emerson Electric Co 
• Ingersoll Rand Plc

Market by Tool Type

Based on tool type, the Australia Power Tools Market is divided into Drilling And Fastening Tools, Demolition Tools, Sawing And Cutting Tools, Material Removal Tools, Routing Tools, and Others. The material removal tools segment is rising in this sector due to its higher demand in the nation.

Market by Mode of Operation

According to Sumit, Senior Research Analyst, 6Wresearch, the electric segment by mode of operation is projected to rise more in the near future since there is an emergence in demand for this segment.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Power Tools Market Outlook
• Market Size of Australia Power Tools Market, 2019
• Forecast of Australia Power Tools Market, 2026
• Historical Data and Forecast of Australia Power Tools Revenues & Volume for the Period 2016 - 2026
• Australia Power Tools Market Trend Evolution
• Australia Power Tools Market Drivers and Challenges
• Australia Power Tools Price Trends
• Australia Power Tools Porter's Five Forces
• Australia Power Tools Industry Life Cycle
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Tool Type for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Drilling and fastening tools for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Demolition tools for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Sawing and cutting tools for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Material removal tools for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Routing Tools for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Mode of Operation for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Electric for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Pneumatic for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Application for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Industrial for the Period 2016 - 2026
• Historical Data and Forecast of Australia Power Tools Market Revenues & Volume By Residential/DIY for the Period 2016 - 2026
• Australia Power Tools Import Export Trade Statistics
• Market Opportunity Assessment By Tool Type
• Market Opportunity Assessment By Mode of Operation
• Market Opportunity Assessment By Application
• Australia Power Tools Top Companies Market Share
• Australia Power Tools Competitive Benchmarking By Technical and Operational Parameters
• Australia Power Tools Company Profiles
• Australia Power Tools Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Tool Type

• Drilling And Fastening Tools
• Demolition Tools
• Sawing And Cutting Tools
• Material Removal Tools
• Routing Tools
• Others

BY Mode of Operation

• Electric
• Pneumatic
• Others

By Application

• Industrial
• Residential/DIY