Market Research Report - 97814
Professional Portable Power Tools Market Report - UK 2013-2017 Analysis
|Published by||AMA Research|
|Published||Content info||85 Pages|
|Professional Portable Power Tools Market Report - UK 2013-2017 Analysis|
|Published: March 27, 2013||Content info: 85 Pages||
AMA Research are pleased to announce the publication of the fourth edition of the report 'Professional Portable Power Tools Market Report - UK 2013-2017 Analysis'. The report provides an informed and up-to-date review of this market including information on the recent trends and issues that impact the market.
The professional portable power tools market performance is primarily influenced by activity levels in new build & RMI construction and engineering & manufacturing industries, as well as a range of industry-specific influences including product development and legislation. It is a relatively mature market which is primarily dependent on replacement purchases, although recent product developments have helped to underpin the market to a certain extent during the economic downturn.
Atlas Copco, Axminster Power Tool Centre, B&Q, Brammer, Clarke Power Products UK, Cromwell Tools, CTS Ironmongery, Dewalt Industrial Power Tools Company, Draper Tools, Erbauer, Eriks Industrial Services, Fein Industrial Power tools (UK), Grafton Group, Hilti (Great Britain), Homebase, ITW Construction Products, JCB, Machine Mart, Makita (UK), Metabo (UK), My Tools Shed Northern Tool and Equipment Co. (UK), Panasonic Electric Works, Robert Bosch , Saint-Gobain Building Products Distribution, Screwfix Direct, SIG Fixings, Stanley Black & Decker, Techtronic Industries Co, The Power Tool Centre, The Site Box, Tool Shop Direct, Toolbank, Tool-Net, Tools & Accessories, Tools4trade, Toolstation, Toolstop, Travis Perkins, Wickes.
The 4th edition of the professional portable power tool market provides a comprehensive analysis of the different product sectors (drilling, driving & breaking, cutting & grinding and carpentry & woodworking). The report also provides a forecast of market prospects up to 2016. Reviews of the supply and distribution channels are provided.
The professional portable power tools market is a specialised sector of the overall portable power tool market and is defined as power tools that are designated as such and are understood to be designed and manufactured to 'professional' or 'trade' standards. 'Portable' means that the tool is carried and operated by one person. The market is relatively mature and dependent on a wide range of end-use sectors so is not generally subjected to such large swings in market performance. The market has a strong reliance on replacement purchases and is also impacted by homeowners preference for GSI or DIY, trends that tend to fluctuate depending on the prevailing economic environment.
Following sustained growth to 2007, the market declined in 2008 and 2009, due to the impact of the economic downturn and its effects on key-end-use sectors. The market stabilised at an estimated size of £200m in 2010. Whilst the market is forecast to experience marginal decline in 2013, recovery in 2014 is forecast to be followed by continued growth to 2017 reaching an estimated market size of £223m.
This is a competitive, concentrated market, with around 70% of sales generated by 3 suppliers. Makita continue to be market leaders and have increased their share in recent years, with other significant players including Stanley Black & Decker, Bosch, Techtronic Industries, Hitachi, and Metabo.
The key distribution channel for professional portable power tools is the general industrial products distributors, a category that includes Screwfix. Other key distributors include the power tools specialists and builders merchants with the Internet gaining share. DIY multiples have also gained share in recent years with the main companies involved in this channel being B&Q and Wickes. The former have targeted tradesmen and have introduced TradePoint to all their stores and the latter have increased the number of branded portable power tools offered.
The drilling, driving & breaking sector continues to dominate sector the market, accounting for just over half of the market. The other two sectors, cutting & grinding and carpentry & woodworking, account for almost a quarter of the market respectively.
Product development has helped to underpin the market to a certain extent during the economic downturn. Li-ion technology dominates the rechargeable battery chemistries, which has helped to boost the cordless tool sector of the market (now accounting for over half of the market). More recently there has been a trend towards compact tools and the introduction of brushless motor technology that may offer the potential to boost sales significantly in the future.