Saudi Arabia Power Tools Market (2020-2026) | Size, share, industry, Growth, Forecast, Revenue, Analysis, Outlook & COVID-19 IMPACT

Saudi Arabia Power Tools Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Germany. It has registered a growth of 26.86% over the previous year. While Germany registered a decline of -32.24% as compare to the previous year. In the year 2017 China was the largest exporter followed by Germany. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Saudi Arabia has the Herfindahl index of 1842 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  4028 which signifies high concentration in the market.

Saudi Arabai Power Tools Market - Export Market Opportunities

Saudi Arabia Power Tools Market Report systematically covers the market by tool types, modes of operation, applications, and regions including the central region, western region, eastern region, and southern region. The Saudi Arabia Power Tools market outlook provides an unbiased and detailed analysis of the ongoing global power tools 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.

Latest 2023 Development of the Saudi Arabia Power Tools Market

Saudi Arabia Power Tools Market is estimated to grow steadily in the upcoming years on the back of several growth factors. The major drivers of growth for this market are growing construction and infrastructure activities owing to heavy investment. This has led to an increase in demand for power tools used in construction activities. Additionally, the Do-It-Yourself (DIY) culture is gaining popularity in Saudi Arabia, particularly among millennials. As a result, there has been an increase in demand for power tools for household repairs and maintenance. Saudi Arabia has been taking measures to diversify its economy, with an emphasis on the manufacturing sector. 

Moreover, the manufacturers of power tools are constantly innovating and introducing new technologies to improve the performance and safety of their products. The government has been implementing various initiatives to support the growth of small and medium-sized enterprises (SMEs) in the country. Typically, the construction sector of Saudi Arabia is expanding progressively and heavy investment in the infrastructure projects such as the construction of airports, new cities, and railways. The government is actively supporting the development of the power tools market. Furthermore, several new products have been introduced in the Saudi Arabia power tools industry, including cordless power tools. 

Saudi Arabia Power Tools Market Synopsis

Saudi Arabia Power Tools Market is expected to gain momentum owing to rapid industrialization, growing investment in infrastructure development projects, and surging demand for electric vehicles in the country. Additionally, a surge in private investments, ongoing reforms in Saudi Arabia to explore avenues besides oil, as well as growing projects in the retail and commercial sector would lead to a surge in demand for the power tools market over the coming years.

The extensive usage of power tools in various sectors such as drilling, cutting and sawing and polishing is adding to the Saudi Arabia Power Tools Market Growth. The power tools are used in the residential and commercial sectors which are further proliferating the demand in the market. Moreover, strengthening the construction and automotive sector backed by the requirement for modern tools is propelling the Saudi Arabia Power Tools Market Share.  The increasing development of infrastructure along with rising initiatives taken by the government in order to develop the country is accelerating the demand for power tools. 

According to 6Wresearch, the Saudi Arabia Power Tools Market size is anticipated to register growth during 2020-2026. Vision 2030 together with National Transformation Program 2020 would increase government spending on defence, manufacturing equipment, and ammunition thereby leading to an expansion in the country’s power tools market during the forecast period. Moreover, the government plan for the development mega-city project that is currently under construction would lead to a surge in demand for power tools over the forecast period.

Growing advancement of technology coupled with the rising adoption of power tools for various purposes such as repair is adding to the Saudi Arabia Power Tools market share. Rising usage of cordless tools along with time-saving benefits. However, growing concerns regarding safety and security coupled with strict regulations and high maintenance costs are restraining the growth of the market 

Market Analysis by modes of operation

Based on modes of operation, electric tools dominate the market currently and are likely to uphold their position during the forecast period as well owing to the declining prices of the product along with ease of availability. Based on tool types, drilling and fastening tools occupy the highest share of the market, and an increase in the country’s construction activity is expected to drive the demand for drilling and fastening tools further. 

Market Analysis by application

Based on application, the construction segment is expected to dominate the overall Saudi Arabia Power Tools Market Growth owing to the growing construction sector and development of infrastructure. 

COVID-19 Impact on Saudi Arabia Power Tools market 

The outburst of the coronavirus pandemic led to a decline in the growth of the industry owing to a nationwide lockdown that further disrupted the supply chain of power tools. Various restrictions imposed by the government led to a decline in the Saudi Arabia Power Tools Market Share. Shortage of employees also hampered the growth of the market. 

Key players in the Market

Some of the key players in the Saudi Arabia Power Tools Market are: 

• Stanley Black & Decker, Inc.
• Makita Corporation
• Hilti Corporation
• Robert Bosch GmbH
• TOKU PNEUMATIC CO., LTD., 3M
• Chicago Pneumatic
• Panasonic Corporation
• Techtronic Industries Co., Ltd.
• Atlas Copco AB
• Metabo
• Koki Holdings Co.

Key Highlights of the Report:

• Saudi Arabia Power Tools Market Overview
• Saudi Arabia Power Tools Market Outlook
• Saudi Arabia Power Tools Market Forecast
• Historical Data of Saudi Arabia Power Tools Market Revenues and Volume, for the Period 2016-2019
• Saudi Arabia Power Tools Market Size and Saudi Arabia Power Tools Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Saudi Arabia Power Tools Market Revenues and Volume, By Tool Types, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Power Tools Market Revenues and Volume, By Tool Types, Until 2026
• Historical Data of Saudi Arabia Power Tools Market Revenues and Volume, By Modes of Operation, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Power Tools Market Revenues and Volume, By Modes of Operation, Until 2026
• Historical Data of Power Tools Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Power Tools Market Revenues and Volume, By Applications, Until 2026
• Historical Data of Central Region Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Central Region of America Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Western Region Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Western Region Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Eastern Region Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Eastern Region Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Southern Region Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Southern Region Power Tools Market Revenues and Volume, Until 2026
• Market Drivers and Restraints
• Saudi Arabia Power Tools Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Power Tools Market Share, By Players
• Saudi Arabia Power Tools Market Share, By Regions
• Saudi Arabia Power Tools Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Saudi Arabia Power Tools Market report provides a detailed analysis of the following market segments:

By Tool Type

• Drilling and Fastening Tools
• Demolition Tools
• Sawing and Cutting Tools
• Material Removal Tools
• Others

• By Application

  • Industrial
    • Construction
    • Aerospace
    • Automotive
    • Energy
    • Others
  • Residential
    
    

• By Mode of Operation

  • Electric
    • Corded Tools
    • Cordless Tools
  • Pneumatic

By Regions:

• Central Region
• Western Region
• Eastern Region
• Southern Region

Saudi Arabia Power Tools Market: FAQs