市場調查報告書
商品編碼
1610898
電動工具配件市場:世界展望與預測(2024-2029)Power Tool Accessories Market - Global Outlook & Forecast 2024-2029 |
預計2023年至2029年全球電動工具配件市場規模將以6.87%的複合年增長率成長。
市場趨勢和推動因素
亞洲製造業的崛起
自18世紀末第一次工業革命以來,美國和幾個歐洲國家一直主導著製造業。這些國家掌握著關鍵資源,並準備透過生產技術、材料和最終用戶解決方案的進步來促進工業發展和推動創新。然而,這些國家一段時間以來一直面臨著高需求和競爭的挑戰,人口紅利和市場成熟度使它們與資源更便宜、終端用戶市場規模較大的新興經濟體相比處於劣勢。這些國家需要製造業的技術飛躍。一些趨勢表明,從低技術製造業向高科技製造業進行結構性轉變的國家在過去幾十年中人均GDP顯著增加。日本和韓國是這方面的一些著名例子。在這些國家,低科技產業佔低收入人口的大多數,並提供大規模就業。未來幾年,高科技產業對工具機和電動工具配件的需求可能會大幅增長,這主要是由於政府推動生產力的提高以及打破中等收入陷阱的體制改革支持。
電動工具和配件的採用增加
由於電動工具和配件能夠提高生產率、精度和效率,各行業的採用迅速增加,支持了電動工具配件市場的成長。與傳統手動工具相比,電動工具具有多種優勢,包括提高速度、準確性和效率。它還有助於減少工人疲勞、提高生產力並提高工作品質。近年來,隨著製造商推出具有改進功能和特性的新型號,電動工具的受歡迎程度顯著增加。消費者對 DIY 項目、家居裝修和木工的興趣也在增加,進一步推動了對電動工具的需求。
家庭裝修和 DIY 項目增加
在北美和歐洲的新興經濟體中,大多數成年人從事創造性和有目的的休閒活動。此外,有些消費者會根據自己的興趣投資於家居裝修和維護活動。這一概念在印度、巴西和南非等新興經濟體中越來越受歡迎。住房行業的消費者經常進行維修和加固活動,以提高他們的技能並證明具有成本效益。此外,大賣場、超市和家得寶(Home Depot)等專賣店提供了更多的DIY產品,正在推動DIY工具市場的發展。製造商還在開發具有用戶友好功能的電錘,以吸引 DIY 用戶,例如輕量化設計、變速控制和易於更換的鑽頭。DIY 活動的成長預計將推動無線電動工具配件市場的成長。無線型號方便便攜,非常適合工作區域不易使用電源插座的 DIY 使用者。市場為 DIY 用戶提供了各種具有不同功能集和輸出的無線電錘。這使得 DIY 用戶可以選擇適合其專案要求和預算的型號。
依配件類型的見解
以配件類型來看,鑽頭佔據了市場上最大的收入佔有率。繩鑽和電池鑽由於工作量大、工作強度大、需要經常更換,是 DIY 愛好者最喜歡的工具。圓鋸片位居第二,因為它們常用於需要精密切割的木工和金屬加工。此外,由於這些工具用於 DIY 活動,因此大多數供應商都為家居裝修和木工活動提供易於使用的切割工具。
按分銷管道劃分的見解
線下部分預計將成為全球電動工具配件市場最大的收入部分。由於客戶在做出最終購買決定之前迫切需要瞭解產品的功能和用途,因此線下分銷領域佔據了電動工具配件市場的主要佔有率。而且,由於電動工具配件成本較高,仍首選線下通路,以最大程度地降低收到損壞產品的風險。儘管在線上銷售這些設備的趨勢日益增長,但電動工具配件的很大一部分分銷是透過專賣店進行的。
按工作類型劃分的見解
從2023年的市佔率來看,切割業的市佔率最大。從建築和製造到汽車和航空航天,各種行業都有獨特的切割需求。每個行業都需要適合其應用的特定切削工具和配件。
本報告調查了全球電動工具配件市場,並提供了市場概況、主要趨勢、市場成長的各種影響因素分析、市場規模趨勢和預測、各個細分市場/地區/主要國家的詳細分析,總結了競爭格局,主要公司簡介等
The global power tool accessories market is expected to grow at a CAGR of 6.87% from 2023 to 2029.
MARKET TRENDS & DRIVERS
Growing Prominence of Asian Manufacturing
Since the first industrial revolution in the late 18th century, the U.S. and a few European countries have dominated the manufacturing sector. These countries have held immense control over key resources and were better poised to foster industrial development and drive innovation through advances in production technologies, materials, and end-user solutions. However, these countries have faced the challenge of high demand and competitiveness for some time. Also, the demographic dividend and market maturity have put them at a disadvantage over fledgling economies with cheaper resources and considerably large end-user markets. These countries require a technological leap in terms of manufacturing. Several trends have shown that countries adopting structural shifts from low-technology to high-technology manufacturing have significantly increased their per capita GDP over the past few decades. Japan and South Korea are a few prominent examples in this regard. In these economies, low-tech industries dominate low-income levels and offer large-scale employment. High-tech industries offer productivity gains advocated mainly by government and institutional reforms to escape the middle-income trap, which can substantially drive the demand for machine tools and power tools accessories in the coming years.
Growing Adoption of Power Tools and Accessories
The adoption of power tools and accessories has rapidly increased across various industries due to their ability to enhance productivity, precision, and efficiency and support the growth of the power tool accessories market. Power tools offer several advantages over traditional hand tools, including increased speed, precision, and efficiency. They can also help reduce operator fatigue, increase productivity, and improve work quality. The popularity of power tools has grown significantly in recent years as manufacturers have introduced new models with improved features and functionality. Consumers are also increasingly interested in DIY projects, home renovation, and woodworking, further boosting demand for power tools.
Rise in Residential Improvement & DIY Projects
Most adults indulge in creative and purposeful leisure activities in some developed North American and European economies. Some consumers also invest in home improvement and maintenance activities based on their interests. This concept is gaining momentum in developing economies such as India, Brazil, and South Africa. Consumers in the residential sector often undertake repair and enhancement activities that improve their skills and prove cost-efficient. Furthermore, hypermarkets, supermarkets, and other specialty stores such as Home Depot offer more DIY products and drive the market for DIY tools, eventually increasing the power tool accessories market. Also, manufacturers are creating electric hammers with user-friendly features that attract DIY users, including lightweight designs, variable speed control, and easy-to-change drill bits. The growth of DIY activities is estimated to propel the growth of the cordless power tool accessories market. Cordless models provide greater convenience and portability, which makes them suitable for DIY users who may not have readily available power outlets in their work areas. The market provides DIY users with an extensive range of cordless electric hammers with varying feature sets and power outputs. This enables DIY users to select a model that fits their project requirements and budget.
SEGMENTATION INSIGHTS
INSIGHTS BY ACCESSORY TYPE
The global power tool accessories market by accessory type is segmented into drill bits, circular saw blades, batteries, screwdriver bits, reciprocating saw blades, jig saw blades, band saw blades, abrasive wheels, router bits, and others. Based on accessory type, the drill bits segment accounted for the largest revenue share in the market. The volume of work carried out by corded and battery-operated drills has made them highly preferred tools among DIY enthusiasts, requiring frequent replacements due to the high workload intensity. Circular saw blades were the second-dominant segment as these tools are mostly used for wooden and metalwork that require precision cutting. Also, these tools are used in DIY activities, and therefore, most vendors offer user-friendly cutting tools for home improvement and wood-crafting activities.
Furthermore, the rising market share of drill bits is attributed to the increasing demand across construction, manufacturing, and maintenance sectors, fueled by infrastructure development, technological advancements, home improvement trends, and the expansion of renewable energy projects. As these trends continue, drill bit manufacturers are poised to capitalize on the growing opportunities in the market. Also, the type of power tool accessories highly depends on the power tool and the nature of the work. For instance, light tools such as drills, drivers, and wrenches are used for personal and professional purposes, which require frequent replacements of bits and batteries. Similarly, blades are crucial for wood and metalworking and require frequent changes in power tools such as circular saws, reciprocating saws, band saws, and jigsaws.
Segmentation by Accessory Type
INSIGHTS BY DISTRIBUTION CHANNEL
The offline segment is expected to be the largest revenue segment of the global power tool accessories market. The offline distribution segment holds the major power tool accessories market share due to the high customer preference for comprehending the functionalities and usage of products before making the final purchase. Moreover, since power tool accessories involve high costs, the preference for offline channels remains high to minimize the risk of receiving damaged products. Although the trend of selling these devices online is increasing, a significant share of power tool accessories distribution occurs through specialty stores. The power tool accessories producers harness specialty stores and supermarkets due to their personalized customer services.
Segmentation by Distribution Channel
INSIGHTS BY OPERATION TYPE
The global power tool accessories market by operation type is segmented into cutting, drilling, fastening, routing and planning, and others. The cutting segment holds the most significant global market share in 2023. Various industries have unique cutting needs, from construction and manufacturing to automotive and aerospace. Each industry requires specific cutting tools and accessories tailored to its applications. For example, construction may require masonry drill bits and abrasive wheels, while manufacturing may need carbide-tipped saw blades and precision cutting discs. The diverse demands from these industries propel the development and availability of various cutting operation types in the market.
Segmentation by Operation Type
INSIGHTS BY END USER
The global power tool accessories market by end-user is segmented into industrial, commercial, and residential. The industrial segment held the largest share of the global power tool accessories market, and the scenario is expected to remain consistent throughout the forecast period due to the rise in demand for sophisticated tools and precision manufacturing. However, renovations, retrofits, and DIY activities are expected to drive the demand for power tool accessories in the residential and commercial segments. The residential end-user segment is expected to grow significantly due to the rise in new construction projects for homes and buildings. These power tools are used in renovation and retrofitting activities, as well as drills, demolition tools, and cutting equipment. A major trend that has led to significant demand for power tools is the growth in DIY activities. Equipment, suitable tools, and semi-finished materials are often used in DIY projects without the assistance of professionals.
Segmentation by End User
INSIGHTS BY INDUSTRIAL
The global power tool accessories market by industrial is segmented into energy, construction, aerospace, automotive, electronics, shipbuilding, and others. The energy segment holds the most significant share of the industrial market. Renewable energy sources rely on fastening solutions for productivity every day. Most wind energy technicians prefer power tools, especially cordless tools, to maximize mobility while working at heights. The requirement of a mandatory power source for corded tools also adds to the growth and demand for cordless segments. Furthermore, the solar energy industry is experiencing high growth, requiring drilling tools for solar panel assembly operations. Stanley Black & Decker is a significant vendor specializing in product offerings for the segment. Also, factors such as the extensive use of drillers and fastening tools with bits and batteries for assembly activities will contribute to the growth of the automotive segment. Also, automotive market players rely extensively on heat guns, glue guns, and cutting tools during their manufacturing operations, accelerating the demand for power tool accessories even further in the coming years.
Segmentation by Industrial
Segmentation by Commercial
Segmentation by Residential
GEOGRAPHICAL ANALYSIS
APAC held the largest global power tool accessories market share, valued at over USD 5 billion in 2023. The market is rapidly driven by urbanization, increasing disposable income, and a growing middle class. The region is highly diverse, with countries exhibiting varying technological advances and consumer preferences. Robust economic growth in APAC economies like China, India, Japan, South Korea, and Southeast Asia drives investments in infrastructure development, commercial real estate, and urbanization endeavors. This surge fuels demand for Power Tool Accessories solutions across various sectors, such as offices, retail spaces, hospitality, and healthcare.
North America holds a significant position in the global power tool accessories market and is expected to maintain its position during the forecast period, with the U.S. contributing to the highest revenue share as it is the largest economy in the region. The region is home to many recognized players and has a high level of technological improvement. The market is driven by consumer demand for advanced products and services, and there is a substantial investment in R&D to support this demand. Furthermore, the European market for power tool accessories is similar to North America's maturity and high-tech innovation. The region has a highly competitive market, with many established players comparing for market share. The market is also highly regulated, with rigorous product safety and quality standards.
Segmentation by Geography
COMPETITIVE LANDSCAPE
The global power tool accessories market is moderately fragmented and is dominated by vendors such as Stanley Black & Decker, Bosch, and TTI. These major vendors have a global presence in the three major regions of North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and mergers and acquisitions. Furthermore, the key players in the global power tool accessories market include Stanley Black & Decker, Bosch, Techtronic Industries (TTI), Makita, Hilti, Apex Tool Group, Snap-on Incorporated, Koki Holdings, Fortive, and Positec. Also, vendors manufacture power tool accessories with innovative product specifications to capture consumer interest and improve user convenience. Users expect power tool accessories to be more lightweight and compact yet powerful, with a wide range of customizations. Global brands are introducing features, such as longer operation duration. Thus, global and domestic leaders' constant incorporation of technological innovations in products is expected to intensify the competition among manufacturers. Also, with the growth in DIY culture and the demand for more user-friendly tools, vendors are customizing their tools for home improvement activities. Consequently, electric hammers from TTI and Stanley are being designed for DIY enthusiasts. They are more compact, lightweight, and affordable that support multiple activities. Hence, vendors can afford more power tools with rechargeable batteries under the DIY product ranges, which are expected to be in the limelight throughout the forecast period.
Key Company Profiles
Other Prominent Vendors
KEY QUESTIONS ANSWERED: