PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391747
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391747
India Cordless Power Tool Market, By Motor Type ; By Material Removal Tools ; By Tools ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Cordless Power Tool Market Size almost Doubles at CAGR of 9.83%to Touch USD 2.05 Billion by 2029.
India cordless power tool market is flourishing because of a spurring demand for power tools from the thriving residential and commercial building construction projects across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India cordless power tool market size at USD 1.06 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India cordless power tool market size to grow at a significant CAGR of 9.83% reaching a value of USD 2.05 billion by 2029. Major growth drivers for the India cordless power tool market include increasing favor for environmentally friendly tools, the surge in infrastructure projects, and the continual advancement of technology. This upward trajectory within the cordless power tool sector is further fortified by the robust growth of the industrial domain, which spurs a heightened demand for efficient tools. Simultaneously, the upward trend in automotive sales propels the demand for versatile cordless tools across diverse applications. Notably, an ascending consumer confidence index encourages investments in high-quality power tools, while the emergence of durable and cost-effective multifunctional cordless power tools caters to a wide range of needs. The shift in consumer preference towards do-it-yourself (DIY) practices is nurturing an increased desire for cordless tools, and the flourishing online retail landscape enhances the accessibility of these tools. Also, the scarcity of skilled labor and the substantial expenses associated with hiring professionals for basic services in major Indian cities are anticipated to create substantial opportunities and stimulate domestic demand for cordless power tools. Collectively, these factors underline the dynamic growth and the evolving panorama of the cordless power tool market in India. However, the limited battery life is anticipated to restrain the overall market growth during the forecast period.
India Cordless Power Tool Market - Overview
The India cordless power tool market refers to the sector within India's industrial and consumer goods market that deals with cordless power tools. Cordless power tools are handheld or portable devices powered by rechargeable batteries, designed for various applications such as drilling, cutting, fastening, and other mechanical tasks. This market encompasses the production, distribution, and consumption of cordless power tools and related accessories in India. It involves a variety of stakeholders, including manufacturers, distributors, retailers, and consumers, and is influenced by factors like economic conditions, technological advancements, infrastructure projects, consumer preferences, and the environmental consciousness driving the demand for cordless power tools in India.
Impact of COVID-19 on India Cordless Power Tool Market
COVID-19 pandemic adversely affected the multiple sectors in India, including automotive, infrastructure, and manufacturing. The imposition of lockdowns by governments globally led to the temporary closure of factories, severely affecting power tool manufacturing companies. These lockdowns disrupted the supply side of the power tools business, causing a shortage of raw materials due to restricted production across industries and interruptions in the supply chain. Despite these challenges, the India power tools market is anticipated to experience substantial growth in the long term. Market players are actively working to enhance manufacturing activities to meet the rising demand for power tools, indicating resilience and potential for recovery in the face of the pandemic's initial setbacks.
India Cordless Power Tool Market - By End User
Based on end user, the India cordless power tool market is divided into Industrial, Commercial, and Residential segments. The industrial segment holds the highest share in the India cordless power tool market by end user. Industries such as manufacturing, automotive, and construction rely heavily on cordless power tools for a range of applications, from assembly and fabrication to maintenance and repair. The industrial sector's growing infrastructure projects and production demands necessitate the use of efficient and portable cordless tools. Moreover, the need for precision, mobility, and the ability to operate in remote or challenging environments makes cordless power tools a preferred choice for industrial users. These dynamics position the industrial sector as a key driver of the market's growth.
Competitive Landscape
Major players operating in the India cordless power tool market include: Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll-Rand PLC, Hitachi Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black and Decker, Apex Tool Group, and Atlas Copco AB. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Cordless Power Tool Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Cordless Power Tool Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Cordless Power Tool Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Reduced noise and vibration
- 3.2.1.2. Increasing residential and commercial construction
- 3.2.2. Restraints
- 3.2.2.1. Limited battery life
- 3.2.3. Opportunities
- 3.2.3.1. Reduced maintenance
- 3.2.4. Challenges
- 3.2.4.1. Environmental concern
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Cordless Power Tool Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Motor Type
- 4.2.1.1. Brushed Motor
- 4.2.1.2. Brushless Motor
- 4.2.2. By Material Removal Tools
- 4.2.2.1. Sanders
- 4.2.2.2. Grinders
- 4.2.3. By Tools
- 4.2.3.1. Drills
- 4.2.3.2. Saws
- 4.2.3.3. Lawn Mower
- 4.2.3.4. Impact Wrench
- 4.2.3.5. Others
- 4.2.4. By End User
- 4.2.4.1. Industrial
- 4.2.4.2. Commercial
- 4.2.4.3. Residential
- 4.2.5. By Region
- 4.2.5.1. North India
- 4.2.5.2. South India
- 4.2.5.3. East India
- 4.2.5.4. West India
- 4.2.1. By Motor Type
5. North India Cordless Power Tool Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Motor Type
- 5.2.2. By Material Removal Tools
- 5.2.3. By Tools
- 5.2.4. By End User
6. South India Cordless Power Tool Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Motor Type
- 6.2.2. By Material Removal Tools
- 6.2.3. By Tools
- 6.2.4. By End User
7. East India Cordless Power Tool Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Motor Type
- 7.2.2. By Material Removal Tools
- 7.2.3. By Tools
- 7.2.4. By End User
8. West India Cordless Power Tool Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Motor Type
- 8.2.2. By Material Removal Tools
- 8.2.3. By Tools
- 8.2.4. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Cordless Power Tool Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Cordless Power Tool Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Apex Tool Group
- 11.2. Atlas Copco AB
- 11.3. Hilti Corporation
- 11.4. Ingersoll-Rand PLC
- 11.5. Hitachi Ltd
- 11.6. Makita Corporation
- 11.7. Robert Bosch GmbH
- 11.8. Stanley Black and Decker
- 11.9. Apex Tool Group
- 11.10. Atlas Copco AB
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Cordless Power Tool Segmentation
- Figure 2 India Cordless Power Tool Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Cordless Power Tool Market Share, By Motor Type, By Value, 2019-2029
- Figure 6 India Cordless Power Tool Market Share, By Material Removal Tools, By Value, 2019-2029
- Figure 7 India Cordless Power Tool Market Share, By Tools, By Value, 2019-2029
- Figure 8 India Cordless Power Tool Market Share, By End User, By Value, 2019-2029
- Figure 9 North India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Figure 10 North India Cordless Power Tool Market Share, By Motor Type, By Value, 2019-2029
- Figure 11 North India Cordless Power Tool Market Share, By Material Removal Tools, By Value, 2019-2029
- Figure 12 North India Cordless Power Tool Market Share, By Tools, By Value, 2019-2029
- Figure 13 North India Cordless Power Tool Market Share, By End User, By Value, 2019-2029
- Figure 14 South India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Figure 15 South India Cordless Power Tool Market Share, By Motor Type, By Value, 2019-2029
- Figure 16 South India Cordless Power Tool Market Share, By Material Removal Tools, By Value, 2019-2029
- Figure 17 South India Cordless Power Tool Market Share, By Tools, By Value, 2019-2029
- Figure 18 South India Cordless Power Tool Market Share, By End User, By Value, 2019-2029
- Figure 19 East India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Figure 20 East India Cordless Power Tool Market Share, By Motor Type, By Value, 2019-2029
- Figure 21 East India Cordless Power Tool Market Share, By Material Removal Tools, By Value, 2019-2029
- Figure 22 East India Cordless Power Tool Market Share, By Tools, By Value, 2019-2029
- Figure 23 East India Cordless Power Tool Market Share, By End User, By Value, 2019-2029
- Figure 24 West India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Figure 25 West India Cordless Power Tool Market Share, By Motor Type, By Value, 2019-2029
- Figure 26 West India Cordless Power Tool Market Share, By Material Removal Tools, By Value, 2019-2029
- Figure 27 West India Cordless Power Tool Market Share, By Tools, By Value, 2019-2029
- Figure 28 West India Cordless Power Tool Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Table 2 India Cordless Power Tool Market Size, By Motor Type, By Value, 2019-2029
- Table 3 India Cordless Power Tool Market Size, By Material Removal Tools, By Value, 2019-2029
- Table 4 India Cordless Power Tool Market Size, By Tools, By Value, 2019-2029
- Table 5 India Cordless Power Tool Market Size, By End User, By Value, 2019-2029
- Table 6 North India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Table 7 North India Cordless Power Tool Market Size, By Motor Type, By Value, 2019-2029
- Table 8 North India Cordless Power Tool Market Size, By Material Removal Tools, By Value, 2019-2029
- Table 9 North India Cordless Power Tool Market Size, By Tools, By Value, 2019-2029
- Table 10 North India Cordless Power Tool Market Size, By End User, By Value, 2019-2029
- Table 11 South India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Table 12 South India Cordless Power Tool Market Size, By Motor Type, By Value, 2019-2029
- Table 13 South India Cordless Power Tool Market Size, By Material Removal Tools, By Value, 2019-2029
- Table 14 South India Cordless Power Tool Market Size, By Tools, By Value, 2019-2029
- Table 15 South India Cordless Power Tool Market Size, By End User, By Value, 2019-2029
- Table 16 East India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Table 17 East India Cordless Power Tool Market Size, By Motor Type, By Value, 2019-2029
- Table 18 East India Cordless Power Tool Market Size, By Material Removal Tools, By Value, 2019-2029
- Table 19 East India Cordless Power Tool Market Size, By Tools, By Value, 2019-2029
- Table 20 East India Cordless Power Tool Market Size, By End User, By Value, 2019-2029
- Table 21 West India Cordless Power Tool Market Size, By Value (USD Million), 2019-2029
- Table 22 West India Cordless Power Tool Market Size, By Motor Type, By Value, 2019-2029
- Table 23 West India Cordless Power Tool Market Size, By Material Removal Tools, By Value, 2019-2029
- Table 24 West India Cordless Power Tool Market Size, By Tools, By Value, 2019-2029
- Table 25 West India Cordless Power Tool Market Size, By End User, By Value, 2019-2029
- Table 26 Apex Tool Group Company Overview
- Table 27 Apex Tool Group Financial Overview
- Table 28 Atlas Copco AB Company Overview
- Table 29 Atlas Copco AB Financial Overview
- Table 30 Hilti Corporation Company Overview
- Table 31 Hilti Corporation Financial Overview
- Table 32 Ingersoll-Rand PLC Company Overview
- Table 33 Ingersoll-Rand PLC Financial Overview
- Table 34 Hitachi Ltd Company Overview
- Table 35 Hitachi Ltd Financial Overview
- Table 36 Makita Corporation Company Overview
- Table 37 Makita Corporation Financial Overview
- Table 38 Robert Bosch GmbH Company Overview
- Table 39 Robert Bosch GmbH Financial Overview
- Table 40 Stanley Black and Decker Company Overview
- Table 41 Stanley Black and Decker Financial Overview
