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電動工具

市場調查報告書

商品編碼

1543607

印度電動工具市場：依工具類型、依應用、依攜帶性、依最終用戶、依銷售管道、依地區、機會、預測，2018-2032年

India Power Tools Market Assessment, By Tool Type, By Application, By Portability, By End-user, By Sales Channel, By Region, Opportunities and Forecast, FY2018-FY2032

出版日期: 2024年08月29日 | 出版商:

Market Xcel - Markets and Data | 英文 143 Pages | 商品交期: 3-5個工作天內

價格

簡介目錄圖表

預計印度電動工具市場規模將從2024年的20.3億美元成長到2032年的34.6億美元，2025-2032年預測期間年複合成長率為6.90%。工業快速成長、汽車業務不斷擴大和現代製造業的亞洲新興經濟體預計將塑造該地區市場。整合人工智慧和機器學習的創新電動工具預計將為印度手動和電動工具產業增加價值。此外，電子商務平台的滲透率不斷提高、全球電動工具巨頭的市場進入以及在地化技術預計將推動市場成長。

無線電動工具因其攜帶性、易於操作和方便的設計而越來越受歡迎。印度政府大規模的基礎設施投資推動了對改進電池技術的需求，特別是建築領域電動工具的需求。印度預計將成為世界領先的建築市場之一，使用各種的電動工具。受新冠疫情影響，DIY風潮加速，許多消費者參與家居裝修中，增加了私人家庭對電動工具的需求，提高了市場增速。電動工具和物聯網（IoT）的整合產生更準確、資料驅動的結果。

由於客戶的好惡以及購買時的價格波動，印度電動工具市場改變。由於高性能，目前市場以鋰離子電池為主，但更具成本效益且環保的鎳氫（NiMH）和鎳鎘（NiCd）主導市場。鋰離子電池的普及得益於其能量密度高、重量輕、自放電率低等優點。因此，與鎳鎘或鎳氫電池相比，它們的使用壽命更長，需要的維護更少，受到許多製造商和用戶的歡迎。然而，鎳氫和鎳鎘電池的需求發生了轉變，特別是對於鑽孔、研磨和切割等某些應用。

本報告調查了印度電動工具市場，並提供了市場概況，以及按工具類型、應用、攜帶性、最終用戶、銷售管道、區域趨勢和進入市場的公司資訊。

前 5 名市場領導者的競爭矩陣
企業生態系分析（新創企業、中小企業與大公司）
前 5 名進入公司的SWOT 分析
市場前10位主要參與者的情況
- Hilti Corporation
- Stanley Black & Decker Inc.
- Ingersoll-Rand plc
- Robert Bosch GmbH
- JPT Tools
- Hitachi Koki India Ltd.
- Makita Power Tools India Pvt. Ltd.
- Electrex (India) Ltd.
- Metabo Corporation
- KPT Industries Ltd.
- Carborundum Universal Ltd.
- Apex Tool Group LLC

第17章策略建議

第18章查詢及免責聲明

簡介目錄圖表

Product Code: MX11807

India power tools market is projected to witness a CAGR of 6.90% during the forecast period FY2025-FY2032, growing from USD 2.03 billion in FY2024 to USD 3.46 billion in FY2032. The emerging Asian economy with rapid industrial growth, expanding automotive operations, and modern manufacturing are expected to shape the regional market. The innovative power tools with the integration of artificial intelligence and machine learning are anticipated to add value to the Indian hand and power tools industry. Furthermore, the higher penetration of e-commerce platforms, global power tool giants entering market, and localized technology are anticipated to garner market growth.

Due to its portability, easy to handle, and convenient designs, cordless power tools are gaining traction. Enhanced battery technology with longer performance, demand for power tools especially in the construction sector is driven by significant infrastructure investments being made by the Indian government. It is expected that India will be among the top construction markets around the world leading to the use of various types of power tools. The DIY trend has been hastened by corona virus pandemic, attracting many consumers to take part in home improvements, hence increasing demand for these tools from individual households increasing market growth rate. The integration of power tools with internet of things (IoT) is delivering more precise and data driven results. For instance, in August 2024, Hilti India Pvt. Ltd. launched Data Driven Services (DDS) platform that leverages the Internet of Things (IoT) technology to enhance tool management. The DDS platform offers a virtual customer service center that monitors the battery health of real-time and cordless tools.

Evolution of Power Tool Battery Technology to Fuel Market Growth

India power tools market is experiencing a change according to the likes and dislikes of customers and price fluctuation during purchase. The market is currently being dominated by lithium-ion batteries owing to their heightened performance, but these are being led out by Nickel-metal hydride (NiMH) and Nickel-cadmium (NiCd) which are more cost-effective and environmentally conscious. The popularity of lithium-ion batteries has been attributed to their high energy density, light weight, and low self-discharge rates. Consequently, it translates into longer operational lives and less maintenance than Ni-Cd and Ni-MH batteries, which make them popular among most manufacturers and users alike. However, there is a shift in demand towards Ni-MH and Ni-CD batteries especially for certain applications such as drilling, sanding, and cutting. For instance, some applications are characterized by units based on Ni-MH as they have proven themselves with excellent longevity and provide reasonable prices for their performance, they are suitable for certain types of power tools particularly in those areas that are defined with low-income consumers.

For instance, in November 2023, Robert Bosch GmbH launched a new ProCare18V+ cordless power tool battery, engineered with tables 21700 Li-ion cells. These cells are deal for all drilling and screw driving applications where a lower weight comes in handy. The batteries are much lighter and up to 39% more compact than comparable batteries of its class.

Major Automotive Applications and EV Adoption to Fuel Market Growth

The automotive manufacturing sector is a primary driver of power tool demand. Tools such as electric drills, impact wrenches, and screwdrivers are essential for assembly lines, where precision and speed are crucial. The increasing production of passenger vehicles, especially due to the rising middle class and demand for personal transportation, is propelling the need for efficient power tools in manufacturing processes. With the rise of electric vehicles in India, there is a growing need for specialized power tools to assemble EV components, such as battery packs and electric drivetrains. The shift towards EVs is expected to further boost the power tools market as manufacturers adapt to new technologies and production methods. There is a noticeable shift towards cordless power tools in the automotive sector due to their portability and ease of use, making them ideal for both manufacturing and repair applications. The automotive and EV manufacturing hubs are adopting new cutting and shredding technology.

For instance, in June 2023, Hyundai Corporation Holdings Co. Ltd., Korea and Sparc Electrex Limited are in negotiations to enter into an exclusive license agreement that will allow the company to use the HYUNDAI trademark for the development, production, and sale of power tools and accessories in India.

Rapid Industrial Growth to Garner New Ventures

The industrial segment holds the dominating portion of the market with increasing vehicle production and demand for assembly and maintenance effective tools. Power tools such as electric drills, impact wrenches, and pneumatic tools are required during the manufacturing processes, particularly in vehicle assemblage and repair services. The aerospace segment in India is thriving on huge government initiatives and rising investments. One such sector includes specialized aircraft assembly and maintenance power tools, for which high precision and reliability are required. The industrial end-use segment, including automotive and aerospace, is driving new ventures for the India power tools market. The Indian technology giants are investing in power tools ventures.

For example, the Software-as-a-Service (SaaS) company, Zoho Corporation stated in April 2024, that it will be entering the tool manufacturing market through its new company, Karuvi. This venture adds a significant amount to Zoho's current portfolio.

Future Market Scenario (FY2025 - FY2032)

Design and functional advancements, higher demand through automotive manufacturing, and industrial expansion are anticipated to fuel market growth.

E-commerce platforms and power tool giants expanding their operations in the region country is likely to garner market expansion.

New companies investing in power tool ventures and government supportive initiatives such as production-linked incentives (PLIs) are projected to fuel market growth.

Key Players Landscape and Outlook

Many companies are focusing on local manufacturing to reduce costs and improve supply chain efficiency. For instance, Hikoki has established a manufacturing plant in Peenya under the "Make in India" initiative, aiming to increase production capacity and decrease reliance on imports from China and Japan. This strategy helps in cost management and aligns with government policies promoting local production.

Companies are investing in research and development to innovate and diversify their product offerings. For instance, Hikoki plans to introduce new technology tools, such as Multi Volt tools and user-friendly cordless options, to cater to changing consumer preferences. This focus on innovation helps in meeting the specific needs of the Indian market, particularly in terms of lightweight, durable, and efficient tools. Companies are investing in the country, leading to development for expanding manufacturing.

In October 2023, HCL Foundation partnered with Stanley Black & Decker Inc. to skill youth in India to make them suitable for the manufacturing industry. Stanley Black & Decker intends to create training and development centers at two industrial training institutes (ITIs) under government control, ITI Guindy in Chennai and ITI Morwadi in Pune.

1. Research Methodology

2. Project Scope and Definitions

3. Executive Summary

4. Voice of Customer

4.1. Product and Market Intelligence
4.2. Mode of Brand Awareness
4.3. Factors Considered in Purchase Decisions
- 4.3.1. Power and Performance
- 4.3.2. Ergonomics and Comfort
- 4.3.3. Durability and Build Quality
- 4.3.4. Features and Accessories
- 4.3.5. Price and Value
4.4. Consideration of Privacy and Safety Regulations

5. India Power Tools Market Outlook, FY2018-FY2032

5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
5.2. Market Share Analysis & Forecast
- 5.2.1. By Tool Type
  - 5.2.1.1. Drills
  - 5.2.1.2. Screwdrivers
  - 5.2.1.3. Impact Drivers
  - 5.2.1.4. Angle Grinders
  - 5.2.1.5. Air Compressors
  - 5.2.1.6. Nail Guns
  - 5.2.1.7. Others
- 5.2.2. By Application
  - 5.2.2.1. Fasteners
  - 5.2.2.2. Cutting
  - 5.2.2.3. Shaping
  - 5.2.2.4. Sanding
  - 5.2.2.5. Grinding
  - 5.2.2.6. Routing
  - 5.2.2.7. Polishing
  - 5.2.2.8. Painting
  - 5.2.2.9. Others
- 5.2.3. By Portability
  - 5.2.3.1. Stationary
  - 5.2.3.2. Portable
    - 5.2.3.2.1. Cordless
    - 5.2.3.2.2. Corded
- 5.2.4. By End-user
  - 5.2.4.1. DIY
  - 5.2.4.2. Commercial
  - 5.2.4.3. Industrial
    - 5.2.4.3.1. Automotive
    - 5.2.4.3.2. Aerospace
    - 5.2.4.3.3. Others
- 5.2.5. By Sales Channel
  - 5.2.5.1. Online Sales
  - 5.2.5.2. Retail Sales
  - 5.2.5.3. Distributor Sales
- 5.2.6. By Region
  - 5.2.6.1. North
  - 5.2.6.2. South
  - 5.2.6.3. East
  - 5.2.6.4. West and Central
- 5.2.7. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
5.3. Market Map Analysis, FY2024
- 5.3.1. By Tool Type
- 5.3.2. By Application
- 5.3.3. By Portability
- 5.3.4. By End-user
- 5.3.5. By Sales Channel
- 5.3.6. By Region

All segments will be provided for all regions covered

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Macro-economic Indicators

11. Pricing Analysis

12. Profit Margin Analysis

13. Market Dynamics

13.1. Market Drivers
13.2. Market Challenges

14. Market Trends and Developments

15. Case Studies

16. Competitive Landscape

16.1. Competition Matrix of Top 5 Market Leaders
16.2. Company Ecosystem Analysis (Startup v/s SME v/s Large-scale)
16.3. SWOT Analysis for Top 5 Players
16.4. Key Players Landscape for Top 10 Market Players
- 16.4.1. Hilti Corporation
  - 16.4.1.1. Company Details
  - 16.4.1.2. Key Management Personnel
  - 16.4.1.3. Products and Services
  - 16.4.1.4. Financials (As Reported)
  - 16.4.1.5. Key Market Focus and Geographical Presence
  - 16.4.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 16.4.2. Stanley Black & Decker Inc.
- 16.4.3. Ingersoll-Rand plc
- 16.4.4. Robert Bosch GmbH
- 16.4.5. JPT Tools
- 16.4.6. Hitachi Koki India Ltd.
- 16.4.7. Makita Power Tools India Pvt. Ltd.
- 16.4.8. Electrex (India) Ltd.
- 16.4.9. Metabo Corporation
- 16.4.10. KPT Industries Ltd.
- 16.4.11. Carborundum Universal Ltd.
- 16.4.12. Apex Tool Group LLC

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

17. Strategic Recommendations

18. About Us and Disclaimer

簡介目錄圖表

List of Tables

Table 1. Pricing Analysis of Products from Key Players
Table 2. Competition Matrix of Top 5 Market Leaders
Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

Figure 1. India Power Tools Market, By Value, In USD Billion, FY2018-FY2032F
Figure 2. India Power Tools Market, By Volume, In Thousand Units, FY2018-FY2032F
Figure 3. India Power Tools Market Share (%), By Tool Type, FY2018-FY2032F
Figure 4. India Power Tools Market Share (%), By Application, FY2018-FY2032F
Figure 5. India Power Tools Market Share (%), By Portability, FY2018-FY2032F
Figure 6. India Power Tools Market Share (%), By End-user, FY2018-FY2032F
Figure 7. India Power Tools Market Share (%), By Sales Channel, FY2018-FY2032F
Figure 8. India Power Tools Market Share (%), By Region, FY2018-FY2032F
Figure 9. By Tool Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 10. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 11. By Portability Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 12. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 13. By Sales Channel Map-Market Size (USD Billion) & Growth Rate (%), FY2024
Figure 14. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024