India Power Tools Market Overview
India Power Tools Market is expected to gain momentum during the upcoming year on account of growing automation requirements across different verticals. Power tools offer certain key features such as durability, precision, better performance, and time efficiency. India power tools market revenues are further driven by surging demand for these tools majorly across construction, industrial, and automotive segments. Although, international brands including Bosch, Stanley, and Makita are the key players in the Power Tools market in India, however, locally manufactured products are preferred by price-sensitive consumer segments such as DIY (do-it-yourself) and residential users. The India Power Tools Market Growth is also driven by the factors such as the unavailability of skilled labor and the high cost associated with it.
According to 6Wresearch, India power tools market size is projected to grow at a CAGR of over 8.4% during 2018-2024. Surging demand for hand tools owing to the ease of usage and growing automation is also proliferating the Power Tools Market in India. Additionally, the introduction of innovative power tools by the manufacturers that offer specific applications is also developing the growth of the market. Growing initiatives taken by the government such as Make in India and rising automotive sales are expected to add to Power Tools Market Share In India.
Market Analysis by Regions
The Southern region contributed the largest Indian power tools market share in 2017, attributed to the presence of a robust industrial sector in the region. In addition, the Western region is projected to exhibit the highest power tools market in India forecast revenues on account of flourishing construction and industrial segments over the coming years.
Key Highlights of the Report:
- India Power Tools Market Overview
- India Power Tools Market Outlook
- Market Drivers and Restraints
- Company Profiles
- Porter's Five Forces Analysis
- India Power Tools Market Share, by Players
- India Power Tools Market Trends and Opportunities
- Industry Life Cycle and Value Chain Analysis
- India Power Tools Market Overview on Competitive Benchmarking
- Historical data of Global Power Tools Market for the Period 2014-2017
- Market Size & Forecast data of Global Power Tools Market until 2024
- Historical data of India Power Tools Market, By Verticals for the Period 2014-2017
- Historical data of India Power Tools Market, By Tool Types for the Period 2014-2017
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