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Bosch, Stanley, Makita, Hitachi and Hilti are the Leading Players by Revenue in Power Tools Market in India: Ken Research

Posted on 07 September 2016 by KenResearch Energy and Utilities ,

India power tools market is an import driven market where key players manufacture their products abroad and import them from countries like China, Germany, Japan, Korea and some others. In FY’2016, a very small proportion of the manufacturing was done in India. The major manufacturing cluster for power tools includes cities such as Mumbai, New Delhi, Nagpur, Pune, Bangalore, Chennai and others. These cities are major manufacturing clusters owing to their strong distribution network which reduces logistics and transportation cost. In terms of value, the highest proportion of exports by India is to China which uses these tools as inputs for manufacturing products.

In India, Bosch, the largest market player has registered the surge in proportion of power tools in its total revenue from FY’2012 to FY’2013 that added up to the total market revenue. This increased the total revenue of the power tools industry since Bosch forms a major market share.

The major reason attributed for a small market share was the high cost associated with hydraulic power tools. Hydraulic tools delivered the most power and torque, operate at very low temperatures, can be used for underwater work and usually have a high lifespan requiring low maintenance.

It has been observed that the market share of pneumatic tools have inclined over the years in review period owing to the technical upgradation which made it competitive to the equivalent electric tools. For an instance, pneumatic tools are safer to run and sustain than their electric power tool equivalents, and have a greater power-to-weight ratio, permitting a smaller and lighter tool to achieve the same task.

The market size of machinery and equipment continued to rise each year due to increased construction and manufacturing activities in the country during the period FY’2011-FY’2016.

The auto component industry is the largest consumer of Pneumatic power tools. This industry is projected to grow by 8-10% in the next five years owing to rising component content per vehicle and demands. The rise in manufacturing of auto components will stimulate the growth for Pneumatic tools in the future.

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/energy-and-utilities/power/india-power-tools-market-statistics/46154-103.html 

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

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How the India Power Tools Market is Positioned?

Posted on 25 August 2016 by KenResearch Energy and Utilities ,

Power Tools is an import driven market in India. The expansion of manufacturing industry, rising number of infrastructure projects in the country, increasing allocation of budget to the construction sector by the government has given the impetus to the power tools industry in India. The power tools market has expanded in past few years owing to the increase in the end user’s such as metal and wood industry’s prosperity and also at the same time the changing lifestyle and adoption of Do-It-Yourself products increasing the demand of power tools.. The Market for Power tools had witnessed a robust growth in past few years. Power tools market had increased from INR ~ Million in FY’2011 to INR ~ Million in FY’2016, growing at a CAGR of ~% during the period. The Make in India initiative by the government has fostered the manufacturing sector which had attracted many companies to open their offices and start operations in India. The massive growth of E-commerce sector had majorly driven the market of power tools. Additionally, increasing cheap imports from China has also catalyzed the growth of power tools market in India.

In India, the massive growth in construction sector, manufacturing sector, and e-commerce sector had majorly driven the market of power tools. The increase in demand for portable products had also surged the demand of cordless power tools in the residential sector of the country. Power tools have succeeded in changing the lifestyles of people especially in Tier 1 cities due to incline in DIY activities. It has also helped in making manufacturing and construction activities easier through portable power tools. Power tools have not only increased the efficiency but also have effectively speeded processes thereby saving time and energy.

The Competitive landscape of vendors is diverse, from international companies, to fast-growing domestic companies. Examples include Bosch, Makita, Hilti, Hitachi Koki, FEIN Power Tools and other organized players.

The power tools market has been segmented on the basis of technology. The four major segments are Electric, Pneumatic, Hydraulic and Powder-Actuated Power tools. In India, majority of the end users have been using electric power tools since it is cheaper and finds application in various sectors. Additionally, most of the electric power tools manufactured by key players are available on online portals. The electric power tools had contributed to INR ~ million In FY’ 2016. The number of companies manufacturing electric power tools is higher than any other kind of power tools. The percentage share of electric power tools had increased from ~% in FY’2011 to ~% in FY’2016.

The power tools market was also segmented based on demand from Tier 1, 2 and 3 cities in India. Tier 1 cities had dominated the power tools market in terms of revenue in FY’2016. The vendor companies generated most of the revenues majorly from these cities owing to excellent distribution networks in these cities.

                                     Which Segments have Driven the Power Tools Market?

 

Electric Power Tools

Electric power tools were the most popularly used products out of all the types of power tools. The revenue from electric power tools was recorded to be around INR ~ million in FY’2011 which rose to INR ~ million in FY’2016. This rise was owing to the increase in PDI that led to an increase in user’s propensity to spend. Electric breakers generated maximum revenues in the electric power tools segment in FY’2016 since they are expensive as compared to other electric power tools. Organized sector dominated the market of electric power tools in FY’2016. Most of the power tools were sold through dealers rather than direct or online sales. Dealers contributed to INR ~ million in FY’ 2016. The construction industry created ~% of the revenues from electric tools in FY’2016 followed by manufacturing industry and others. ~% of the end users was non-residential in FY’2016 followed by residential end users. The gradual shift in purchasing pattern of electric power tools from physical stores to online portals had fueled the growth of electric power tools in the country.
On the basis of type of product, electric power tools market can be segmented by Drills, Screwdrivers, Routers, Planers, Grinders, Saws and Breakers. Electric breakers contributed maximum to the revenues, around INR ~ million in FY’2016. Portable electric power tools contributed INR ~ Million in FY’2016 as compared to INR ~ Million by stationary counterparts. By application, bulk of the demand was generated by the construction industry followed by the manufacturing industry and metal working industry. Non-residential users generated about % of the revenues as compared to residential users. Dealers contributed for higher revenues than direct sales. Online sales generate the least revenue. The organized sector occupied a greater market share as compared to the unorganized sector in terms of revenue.

 

Pneumatic Power Tools

Pneumatic power tools were the second largest revenue generator in the power tools segment. Its market accounted for INR ~ Million in FY’2011 which rose to INR ~ Million in FY’2016. A vast majority of the demand for pneumatic power tools was generated from the construction projects all across the country.

Pneumatic hammers contributed the most in the revenue from in FY’2016 since their cost of manufacturing was lesser than the others. Organized sector dominated the market of pneumatic power tools in FY’2016. Most of the power tools were sold through dealers rather than direct or online sales. Dealers contributed to INR ~ million in FY’ 2016.

The construction industry created ~% of the revenues for pneumatic tools in FY’2016 followed by manufacturing industry and others. ~% of the end users was non-residential in FY’2016 followed by residential end users. This was owing to large number of non-residential projects which attracted the utilization of pneumatic power tools in the country.

On the basis of type of products, pneumatic power tools market can be segmented by buffers, nailing and stapling guns, buffers, riveting guns, nailing and stapling guns, sanders, wrenches and others. Stationary pneumatic power tools contributed INR ~ Million in FY’2016 as compared to INR ~ Million by portable ones. By application, the largest revenue was generated by the construction industry followed by the manufacturing industry and metal working industry. Non-residential users generate more revenue than residential users. Dealers contributed for higher revenues than direct sales as majority of the companies focused on their operation which includes manufacturing the products rather than distributing it, which was mostly outsourced to the dealers.  The organized sector held a higher market share than the unorganized sector owing to end user’s preference for branded and quality products.

 

Hydraulic Power Tools

Hydraulic power tools market was about INR ~ million in FY’2011 which inclined to INR ~ million in FY’2016. The increase in imports from China was one of the major reasons behind this increase. Demolition hammer was the most popular tool in this segment which was largely used in the construction projects all across the country.

Since the demolition hammer find applications on concrete, brick wall and masonry all of which form parts of construction activities, the construction industry created ~% of the revenues from pneumatic tools in FY’2016 followed by manufacturing industry and automobile sector. Stationary products were preferred over portable ones owing to higher power and torque generated by them. Organized sector was responsible for generating most of the demand for hydraulic power tools in FY’2016. Most of the power tools were sold through dealers rather than direct sales since most companies opted for indirect channels of distribution. Dealers generated revenues worth INR ~ million in FY’2016. ~% of the end users was non-residential in FY’2016 owing to limited usage of the demolition hammer in residential sector.

Stationary hydraulic power tools contributed for INR ~ million in FY’2016 as compared to INR ~ million by portable ones. By application, the largest revenue was generated by the construction industry followed by the manufacturing industry and automobile industry. The organized sector contributes more than the unorganized sector to the revenue of Hydraulic power tools owing to high commercial usage of the tool.

 

Powder Actuated Power Tools

Powder-Actuated Power tools generated the least revenues in the power tools segment. The market was worth INR ~ million in FY’2011 which subsequently rose to INR ~ million in FY’2016. Powder-Actuated tools are fasteners used to join hard substances like metals. The only type of tool included in this segment is the nailing and fastening gun largely used in the construction projects all across the country. ~% of the revenue was generated from stationary powder-actuated power tools in FY’2016. This was because powder-actuated processes require high power which is usually not provided by portable devices. Powder-actuated tools relatively generated most revenue from unorganized players among all the four types of power tools. Dealers generated more revenue since they are preferred in cases of bulk sales and commercial end users were responsible for the bulk of the purchases. ~% of the revenues in FY’2016 was generated by construction industry followed by manufacturing industry and metal sector. 

Non-residential end users were far more than residential users owing to the hazardous nature of the product. Stationary powder-actuated power tools contributed to INR ~ million in FY’2016. Dealers contributed for higher revenue than direct sales owing to dealers providing a fair comparison among different brands of the same product. The organized sector contributed for maximum revenue as compared to unorganized sector. Powder-actuated tools relatively generated most revenue from unorganized players among all the four types of power tools.

 

How is the Competition Structured in India POWER TOOLS Market?

India Power Tools market is dominated by few large multinationals. These companies are offering wide variety of products and excellent after sales services to the customers.

Bosch India was a leading player in the industry in FY’2016. The company was a trusted brand name in the country and generated revenues worth INR ~ million in FY’2016 in overall Power Tools market in the country. Stanley Black & Decker was the second largest player in India with the revenue generation of INR ~ million in power tools industry in the country. The company has three brands under Stanly Black & Decker with plans to enhance localization to 50 percent and set up manufacturing plants in India. FEIN had a relatively less market share with a revenue generation of INR~ million since it manufactured only electric power tools.

Most key players imported their products from China, Germany and other countries while Bosch manufactures ~% of its products in India.

 

What are the Future Prospectes for India power tools market?

India Power Tools Market is expected to increase from INR ~ million in FY’2017 to INR ~ million in FY’2021, growing at a CAGR of ~% during the period. The market is anticipated to be driven by the FDI inflows of international companies to benefit from the Make in India initiative. The rise in number of smart cities such as in the future will also accelerate the demand of power tools in the construction industry.

The increasing construction projects and manufacturing units of companies developing power tools in Tier 2 and 3 cities is due to increase the demand of power tools leading to increase in revenue. Innovations in design ( a shift from corded to cordless power tools), technology and quality will also trigger the demand power tools by various end users especially in the residential sector.

 

Companies Covered in the Report                     List of Companies

 

Major Players                                                        Bosch India

                                                                               Stanley Black&Decker India

                                                                               Hitachi Koki

                                                                               Hilti

                                                                               Makita

                                                                               FEIN Power Tools

 

Key Factors Considered in the Report

Comprehensive analysis of the India Power Tools market and its segments

Listed major players and their positioning in the market

Identified major industry developments in last few years and assessed the future growth of the industry

Decision making process by different sectors to select the Power Tools firm. 

 

 

To know more on the “Power Tools Market in India”, click on the following link:

https://www.kenresearch.com/energy-and-utilities/power/india-power-tools-market-statistics/46154-103.html

 

Related Reports:

India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities

 

India Online Consumer Electronics Market Outlook to 2020 - Lucrative Discounts and Escalating Internet Users to Foster Growth

 

India LED Television Market Outlook to 2018 - Rising Price Competition With New Players Entry

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

...

Read more…

India Power Tools Bosch Market Forecast 2021: Ken Research

Posted on 25 August 2016 by KenResearch Energy and Utilities ,

The report titled “India Power Tools Market Forecast to 2021 - Rise in Infrastructural Projects and Expansion of Manufacturing Industry to Drive Market” provides a comprehensive analysis of the electric, pneumatic, powder actuated and hydraulic power tools market in India. The report covers various aspects such as overall size of India power tools market by revenue, segmentation on the basis of type of technology, source of energy, regions, application, end user, distribution channel and organized and unorganized market. The report also covers initiatives, certification requirements and industrial and labor laws by government sector, manufacturing clusters, decision making parameters by various end users and export and import scenario of the industry. Additionally, the report provides prevalent trends, developments and restraints in industry. The report also covers the competitive landscape of the industry, market share of major players, and comprehensive profile of leading players operating in the market. Major macroeconomic indicators affecting the market have also been highlighted in the report. The report is useful for power tool manufacturers, dealers, consultants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

India Power tools Market

The market for power tools had witnessed a robust growth in terms of revenues in the past few years. Power tools market is an import driven market in India. The market is highly competitive with number of organized and unorganized players. The Make-In-India initiative by the government has fostered the manufacturing sector which had attracted many companies to open their offices and start operations in India. The expansion of distribution channels and online sales, demand from professionals, increasing inexpensive imports from China has driven the power tools market in India. The review period also witnessed new campaigns, product launches and launch of new distribution channels. For an instance the premium retail store concept by Bosch (Bosch System Specialist) has created a niche in the market with its positioning as a total solutions provider for Power Tools while providing customers with a delightful shopping experience. The power tools market had increased from INR ~ Million in FY’2011 to INR ~ Million in FY’2016, growing at a CAGR of ~% during the period.

The Power tools market encompasses of four major segments on the basis of technology. These segments are Electric, Pneumatic, Hydraulic and Powder-Actuated power tools. Electric power tools had contributed majorly with the share of ~% in the overall revenues of power tools in FY’2016. The second largest contributor are the Pneumatic power tools with the share of ~% in the revenues of overall power tools.

The market is fragmented on the basis of region which comprise of Tier 1, 2 and 3 cities out of which ~% revenue was generated from tier 1 cities in FY’2016 owing to strong distribution network and ~% from Tier 2 cities in FY’2016 since these cities are home to several manufacturing and construction plants of the country.

Future Outlook

Factors such as innovation to produce technologically advanced power tools at reasonable prices than hand tools and rising smart city projects by the infrastructure companies will drive the future market. Additionally, rising usage of power tools in Tier 2 and 3 cities and increase in FDI in the category due to government initiatives will complement the growth drivers of power tools industry in India in coming future. It has been anticipated that the market will grow at a CAGR of ~% during FY’2017 to FY’2021 to reach at INR ~ Million in FY’2021. The penetration rate of power tools in Tier 2 and Tier 3 cities is projected to increase, from ~% in FY’2016 to ~% in FY’2021 for Tier 2 cities and from ~% in FY’2016 to ~% in FY’2021 in Tier 3 cities.

Key Topics Covered in the Report:

India Power tools  Market Introduction and Size

India Power tools Market Segmentation (By types of technology, By regions, by products by end users, by application, by organized and unorganized players, by portable and stationary tools)

Initiatives by government and industrial and labor laws for Power Tools In India (for manufacturing companies)

Growth Drivers and Challenges in India Power Tools Market

Restraints and Challenges in  India Power Tools Market

Decision Making Procedure by end users In India Power Tools Market

Market Share of Major Players in India Power Tools Market

Company Profile of Leading and Emerging Players in India Power Tools Market

Import and Export scenario in India Power Tools Market

India Power Tools Market Future Outlook and Projections

Analyst Recommendation

Macro Economic Variables Impacting the India Power Tools Market

India Power Tools Market

India Electric Power Tools Market

India Pneumatic Power Tools Market

India Hydraulic Power Tools Market

India Powder-Actuated Power Tools Market

India Power Tools Market Future Outlook and Projections

India Electric Power Tools Market Size

India Electric Power Tools Market Segmentation

India Pneumatic Power Tools Market Size

India Pneumatic Power Tools Market Segmentation

Hydraulic Power Tools Market Size

India Hydraulic Power Tools Market Segmentation

India Powder-Actuated power tools Power Tools Market Size

India Powder-actuated Power Tools Market Segmentation

Porter Five Forces Analysis of India Power tools Market

Competition Scenario in India Power tools Market

Market share of Major Players in India Power Tools Market

India Power Tools Market Future Outlook and Projections

To know more on the “Power Tools Market in India”, click on the following link:

https://www.kenresearch.com/energy-and-utilities/power/india-power-tools-market-statistics/46154-103.html

Related Reports:
India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities

India Online Consumer Electronics Market Outlook to 2020 - Lucrative Discounts and Escalating Internet Users to Foster Growth

India LED Television Market Outlook to 2018 - Rising Price Competition With New Players Entry

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

...

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Rise in Infrastructural Projects and Expansion of Manufacturing Industry in the Country to Drive the Power Tools Market in India: Ken Research

Posted on 23 August 2016 by KenResearch Energy and Utilities ,

  •  Growth of power tools market is anticipated to be led by the expanding manufacturing sector in the country, rise in construction projects, augmenting DIY segment, increase in personal disposable income, growth in manufacturing industry and commencement of new campaigns, product launches and launch of new distribution channels.
  • The leading players in Power Tools industry are Bosch India, Makita India, Stanley Black & Decker India, Hitachi Koki, Hilti, FEIN Power Tools

The power tools market in India has witnessed robust growth over the period FY’2011-FY’2016. The market has witnessed a double digit CAGR during the period FY’2011-FY’2016 in terms of revenue. The massive growth in manufacturing, construction, DIY Segment and e-commerce sector had majorly driven the market of power tools. Additionally, Make-In-India initiative by the government, many companies are attracted to open their offices and start operations in India.

Electric breakers contributed the majority in the revenues of overall electric power tools in FY’2016 due to higher utility and price as compared to other electric power tools. Portable electric power tools generated higher revenues as compared to their stationary counterparts.

Most of the demands for electric power tools were witnessed from the construction sector as the industry accounted for generating more than 40% share in the overall revenues in FY’2016.

The organized sector had dominated the market in FY’2016. In FY’2016, Bosch was the market leader in electric power tools market. Stanley was the second largest player in this segment and registered a robust market share in FY’2016.

In FY’2016, more than 20% of the total revenues from power tools were generated from pneumatic segment of power tools. Presence of large number of power tools in pneumatic tools and bestselling tools such as grinders, hammers, stapling guns are the major revenue drivers in this category. They are light weight, easier to operate and deliver higher power and torque as compared to electrical counterparts. These products found wide scale applications in the construction industry. Increased construction activities in the country necessitated the demand for these tools.

In FY’2016, Hydraulic power tools accounted for about low share in the total market revenues. The major reason attributed for a low market share was the high cost associated with hydraulic power tools. Hydraulic tools delivered the most power and torque, operate at very low temperatures, can be used for underwater work and usually have a high lifespan requiring low maintenance. However, it initial cost of investment surfaced as the biggest hindrance in the adoption of such tools in the Indian market.

According to the research report, the power tools market is anticipated to reach over INR 150 billion by FY’2021 due to PPP investment in smart cities in the country, increase in penetration rate of power tools in Tier 2 and 3 cities and rising number of entry of international companies in the country.

“Focus on innovative and cordless power tools has emerged as a necessity across many sectors in the country. Leading players are opting for online sales through various portals to increase their focus on sales generation by revenue and volume. The rapid increase in the demand of power tools by organized and unorganized private players and also by the government sector will widen the market opportunities for the power tools vendors in India”, according to the Research Analyst, Ken Research.

Ken Research announced the latest publication on “India Power Tools Market Forecast to 2021 - Rise in Infrastructural Projects and Expansion of Manufacturing Industry to Drive Market” which provides a comprehensive analysis of power tools market in India. The report covers market size and segmentation of overall power tools and each type of tools, by type of technology, by source of energy, by regions, by application, by end user, by distribution channel and by organized and unorganized market. The report covers the market share and detailed company profile of leading players. The potential and future outlook for Power tools has also been discussed in the publication. The report provides detailed analysis of major players, their strategies, SWOT Analysis, Trends & Developments and major restraints and challenges with the Power Tools Market in India. The report also serves as a benchmark for existing players and every new player who wish to capitalize the market potential and investors who are looking forward to venture into the power tools market in India.

Key Topics Covered in the Report:

  • India Power tools  Market Introduction and Size
  • India Power tools Market Segmentation
    • By Types of technology (Electric, Pneumatic, Hydraulic and Powder-Actuated Power Tools)
    • By Regions (Tier 1,2 and 3 cities)
    • India Electric power tools  Market Introduction and Size
    • India Electric power tools Market Segmentation
      • By Products (Drills, Electric Screwdrivers, Routers and Planers, Sanders, Saws and Angle Grinders)
      •  By End users (Residential and Non Residential)
      • By Application (Construction, Manufacturing, Engineering, Wood working, Metal working, Automobile, Marble Working and Household/Gardening)
      •  By Organized and unorganized Sector Players,
      •  by Portable and stationary tools
      • By Distribution Channel (Dealers, workshops, direct sales, online sales)
      • India Pneumatic power tools  Market Introduction and Size
      • India Pneumatic power tools Market Segmentation
        • By Products (buffers, nailing and stapling guns, grinders, drills, jack hammers, chipping hammers, riveting guns, sanders and wrenches)
        •  By End users(Residential and Non Residential)
        • By Application(Construction, Manufacturing and Metal working)
        •  By Organized and unorganized Sector
        • By Distribution Channel (Dealers and direct sales)
        • India  hydraulic power tools  Market Introduction and Size
        • India  hydraulic power tools Market Segmentation
          • By Application(Construction, Manufacturing, automobile and others)
          •  By Organized and unorganized Sector
          •  by Portable and stationary tools
          • By Distribution Channel (Dealers and direct sales)
          • India Powder-Actuated power tools  Market Introduction and Size
          • India Powder-Actuated power tools Market Segmentation
            • By Application (Construction, Manufacturing, Wood working, Metal working and others)
            •  By Organized and unorganized Sector
            • By Distribution Channel (Dealers and direct sales)
            • By End users (Residential and Non Residential)
            • Initiatives by government and industrial and labor laws for Power Tools In India (for manufacturing companies)
            • Growth Drivers and Challenges in India Power Tools Market
            • Restraints and Challenges in  India Power Tools Market
            • Decision Making Procedure by end users In India Power Tools Market
            • Market Share of Major Players in India Power Tools Market
            • Company Profile of Leading and Emerging Players in India Power Tools Market
            • Import and Export scenario in India Power Tools Market
            • India Power Tools Market Future Outlook and Projections
            • Analyst Recommendation
            • Macro Economic Variables Impacting the India Power Tools Market

Key Product Mentioned in the Report

Electric power tools: Drills, Electric Screwdrivers, Routers and Planers, Sanders, Saws and Angle Grinders

Pneumatic Power Tools: Buffers, Nailing and Stapling Guns, Grinders, Drills, Jack Hammers, Chipping Hammers, Riveting Guns, Sanders and Wrenches

Hydraulic Power Tools: Hammer

Powder Actuated Power Tools: Nailers, Nail Guns and Fasteners

Companies Covered in the Report

Bosch India

Stanley

Black&Decker India

Hitachi Koki

Hilti

Makita

FEIN Power Tools

To know more on the “Power Tools Market in India”, click on the following link:

https://www.kenresearch.com/energy-and-utilities/power/india-power-tools-market-statistics/46154-103.html

Related Reports:

India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities

India Online Consumer Electronics Market Outlook to 2020 - Lucrative Discounts and Escalating Internet Users to Foster Growth

India LED Television Market Outlook to 2018 - Rising Price Competition With New Players Entry

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

...

Read more…