India Power Tools Market 2018-2024: Market Forecast by Technology, by Tool Types, by Verticals, by Regions and Competitive Landscape - ResearchAndMarkets.com

The "India Power Tools Market (2018-2024): Market Forecast by Technology, by Tool Types, by Verticals, by Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

India Power Tools Market is projected to grow at a CAGR of over 8.4% during 2018-24.

With growing automation & time-efficiency requirements, there is a radical shift from hand tools towards power tools in India. Over the past few years, power tools have gained acceptance across all major verticals including construction, industrial, and automotive. Further, to fulfill the continuously growing demand for power tools in the country, manufacturers are coming up with innovative products which offer application-specific power tools as per end user requirements.

Electric power tools segment bagged the highest revenue share in 2017. The segment is anticipated to continue its dominance over the coming years on the back of higher performance, cost efficiency, and ease of use. Further, in terms of tool types, concrete segment contributed a majority of the revenue share in 2017, followed by metal and wood working segments.

Moreover, the Southern region contributed the largest revenue share towards the overall India power tools market in 2017, attributed to the presence of robust industrial sector in the region. In addition, during the forecast period, the Western region is projected to exhibit the highest growth rate on account of the flourishing construction and industrial segments in the region.

Markets Covered:

By Technology

• Electric Power Tools:
  • Corded Power Tools
  • Cordless Power Tools
• Pneumatic Power Tools

By Tool Types

• Metal Segment
• Concrete Segment
• Wood-working Segment
• Others

By Verticals

• Construction
• Industrial
• Automotive
• Others
  

Companies Mentioned

• 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

For more information about this report visit https://www.researchandmarkets.com/research/x24rgp/india_power_tools?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180817005132/en/