Product Code: ETC291684 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India fastening power tools market import shipment demonstrated a steady growth trajectory with a notable CAGR of 13.2% from 2020 to 2024. However, the growth rate saw a slight decrease between 2023 and 2024, indicating a potential stabilization in the market after a period of rapid expansion.
The fastening power tools market in India is experiencing robust growth due to the expanding construction and manufacturing industries. Fastening power tools, such as drills, screwdrivers, and impact wrenches, are widely used in construction, woodworking, automotive, and other applications to provide secure and efficient fastening solutions. The increasing demand for power tools can be attributed to the rise in infrastructure projects, the growth of the DIY (Do-It-Yourself) culture, and the adoption of advanced assembly technologies in manufacturing. Manufacturers are continuously introducing innovative and ergonomic power tools, enhancing battery life, and improving tool performance to meet the evolving customer demands.
The fastening power tools market in India is experiencing significant growth, primarily driven by several key factors that cater to construction, manufacturing, and DIY segments. The rapid growth of the construction and infrastructure sectors has led to an increased demand for fastening power tools, as they offer efficiency and precision in various applications such as drilling, screwing, and bolting. Additionally, the rise of manufacturing industries, including automotive, electronics, and machinery, has created a strong demand for power tools to streamline assembly and production processes. Moreover, the growing interest in DIY activities and home improvement projects has contributed to the surge in sales of fastening power tools among individual consumers.
Despite the growth prospects, the market for fastening power tools may face challenges in terms of safety and proper usage. Inadequate training or incorrect usage of these tools can lead to accidents and errors, impacting productivity and worker well-being. Manufacturers and industry stakeholders will need to emphasize proper training and safety measures to ensure the smooth adoption of fastening power tools.
The fastening power tools market in India is expected to witness robust growth in the foreseeable future. Fastening power tools, such as electric and pneumatic screwdrivers, nut runners, and impact wrenches, are widely used in construction, manufacturing, automotive, and various other industries to expedite assembly and improve productivity. The increasing industrialization, infrastructure projects, and a focus on efficient assembly processes have driven the demand for these tools. Despite the challenges posed by the COVID-19 pandemic, the market has demonstrated resilience, with manufacturers adapting to changing consumer needs and incorporating safety measures. As industries rebound and invest in automation and efficient assembly solutions, the fastening power tools market is projected to expand in India.
The India fastening power tools market is poised for significant growth, with key players like Stanley Black & Decker, Inc., Bosch Limited, and Makita Corporation leading the market. These companies offer a wide range of power tools, including cordless screwdrivers, impact wrenches, and nail guns, catering to various fastening applications in construction, woodworking, and automotive industries. They have a strong presence in the India market and are known for their high-quality and durable power tools. Additionally, domestic manufacturers like KPT Industries Limited and Ralli Wolf India Limited also contribute to the market, offering cost-effective and localized power tool solutions. Key players in the fastening power tools market are focusing on introducing advanced battery-powered tools, ergonomically designed products, and providing efficient technical support to tradespeople and contractors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fastening Power Tools Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fastening Power Tools Market Revenues & Volume, 2021 & 2031F |
3.3 India Fastening Power Tools Market - Industry Life Cycle |
3.4 India Fastening Power Tools Market - Porter's Five Forces |
3.5 India Fastening Power Tools Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Fastening Power Tools Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Fastening Power Tools Market Revenues & Volume Share, By Mode of Sales, 2021 & 2031F |
3.8 India Fastening Power Tools Market Revenues & Volume Share, By End-use Application, 2021 & 2031F |
4 India Fastening Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction activities and infrastructure development projects in India |
4.2.2 Increasing industrialization and manufacturing activities driving demand for fastening power tools |
4.2.3 Rising adoption of power tools in the automotive sector for assembly and repair purposes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of skilled labor for operating advanced fastening power tools |
4.3.3 Intense competition among market players leading to price wars |
5 India Fastening Power Tools Market Trends |
6 India Fastening Power Tools Market, By Types |
6.1 India Fastening Power Tools Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Fastening Power Tools Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Fastening Power Tools Market Revenues & Volume, By Rebar Tier, 2021-2031F |
6.1.4 India Fastening Power Tools Market Revenues & Volume, By Corrugated Fasteners, 2021-2031F |
6.1.5 India Fastening Power Tools Market Revenues & Volume, By Nailer Machine, 2021-2031F |
6.1.6 India Fastening Power Tools Market Revenues & Volume, By Screw System, 2021-2031F |
6.1.7 India Fastening Power Tools Market Revenues & Volume, By Hog Ring tool, 2021-2031F |
6.1.8 India Fastening Power Tools Market Revenues & Volume, By Stapler, 2021-2031F |
6.2 India Fastening Power Tools Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Fastening Power Tools Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 India Fastening Power Tools Market Revenues & Volume, By Corded, 2021-2031F |
6.2.4 India Fastening Power Tools Market Revenues & Volume, By NiCd Cordless, 2021-2031F |
6.2.5 India Fastening Power Tools Market Revenues & Volume, By NiMH Cordless, 2021-2031F |
6.2.6 India Fastening Power Tools Market Revenues & Volume, By Li-on Cordless, 2021-2031F |
6.2.7 India Fastening Power Tools Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.3 India Fastening Power Tools Market, By Mode of Sales |
6.3.1 Overview and Analysis |
6.3.2 India Fastening Power Tools Market Revenues & Volume, By Retailers, 2021-2031F |
6.3.3 India Fastening Power Tools Market Revenues & Volume, By Distributors, 2021-2031F |
6.3.4 India Fastening Power Tools Market Revenues & Volume, By Online, 2021-2031F |
6.4 India Fastening Power Tools Market, By End-use Application |
6.4.1 Overview and Analysis |
6.4.2 India Fastening Power Tools Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 India Fastening Power Tools Market Revenues & Volume, By Construction, 2021-2031F |
6.4.4 India Fastening Power Tools Market Revenues & Volume, By Woodworking & Framing, 2021-2031F |
6.4.5 India Fastening Power Tools Market Revenues & Volume, By Household & DIY, 2021-2031F |
6.4.6 India Fastening Power Tools Market Revenues & Volume, By Others, 2021-2031F |
7 India Fastening Power Tools Market Import-Export Trade Statistics |
7.1 India Fastening Power Tools Market Export to Major Countries |
7.2 India Fastening Power Tools Market Imports from Major Countries |
8 India Fastening Power Tools Market Key Performance Indicators |
8.1 Average utilization rate of fastening power tools in key industries |
8.2 Number of new product innovations and technological advancements in the market |
8.3 Percentage growth in demand for power tools in tier 2 and tier 3 cities in India |
9 India Fastening Power Tools Market - Opportunity Assessment |
9.1 India Fastening Power Tools Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Fastening Power Tools Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Fastening Power Tools Market Opportunity Assessment, By Mode of Sales, 2021 & 2031F |
9.4 India Fastening Power Tools Market Opportunity Assessment, By End-use Application, 2021 & 2031F |
10 India Fastening Power Tools Market - Competitive Landscape |
10.1 India Fastening Power Tools Market Revenue Share, By Companies, 2024 |
10.2 India Fastening Power Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |