India Power Tool Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.


The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.







Growing power tools sales in India is predisposed by macroeconomics, robust growth of the industrial sector in India, growing automotive sales, increasing consumer confidence index, the emergence of durable, cost-effective multi-functional power tools, the transition of consumer preference towards DIY ethics and rising online retail sales.



Factors like unavailability of skilled labor and high costs involved in hiring professionals for basic services in major cities across the country are anticipated to create major opportunities and drive demand for power tools in the domestic market.



Thanks to rapid urbanization and industrialization, construction sector is expected to dominate the power tools market in forecast period.Electric power tools segment is estimated to account 56.6% market share in India in terms of value by the end of 2026. Report has further divided electric power tools segment into corde power told and cordless power tools. Detailed analysis of both the sub-segments is covered in the report.



Indian Power tool market is an import driven market with a large proportion of products imported froms Germany, China, UAE, Japan, Korea and others. Major players typically set up a plant in China but use German technology to build powerful tools equipment’s which is finally imported by India.



A recent development in India Power Tool Market: In March 2017, Bosch Power Tools India announced to offer a diverse range of power tools for construction, metalwork, and woodwork industry.

Scope of the India Power Tool Market



India Power Tool Market, By Technology



Electric Power Tools
o Corded Power Tools

o Cordless Power Tools

Pneumatic Power Tools
India Power Tool Market, By Tool Types



Metal Segment
Concrete Segment
Wood-working Segment
Others
India Power Tool Market, By Verticals



Construction
Industrial
Automotive
Others
Key players operating in the India Power Tool Market



Atlas Copco (India) Ltd.
Bosch Limited
FEIN Power Tools India Pvt. Ltd.
Hilti India Pvt. Ltd.
Hitachi Koki India Pvt. Ltd.
Kulkarni Power Tools Ltd. (KPT)
Makita Power Tools India Pvt. Ltd.
Snap-on Inc.
Stanley Black & Decker India Pvt. Ltd.
Techtronic Industries Co. Ltd
TTI
Festool (TTS)
Husqvarna
For More Information Vist: https://www.maximizemarketresearch.com/market-report/india-power-tool-market/31817/

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