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市場調查報告書
商品編碼
1546305

印度工業手動工具市場：依工具類型、依應用、依最終用戶、依銷售管道、依地區、機會、預測，2018-2032年

India Industrial Hand Tools Market Assessment, By Tool Type, By Application, By End-user, By Sales Channel, By Region, Opportunities and Forecast, FY2018-FY2032
出版日期: | 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

2025-2032年預測期間，印度工業手動工具市場規模將以5.50%的年複合成長率成長，從2024年的7.6億美元成長到2032年的11.7億美元。隨著汽車工業和工業部門的崛起，印度的工業空間不斷擴大。物聯網、人工智慧和機器學習以及其他工業 4.0 元素的出現改變了該地區的空間。印度政府對基礎設施計畫的關注預計將推動市場成長。對道路、橋樑和城市發展的投資推動了跨行業的需求，因為它們需要大量的手動工具來用於建築和維護目的。

電子商務平台改變了手動工具的銷售方式。線上市場為消費者和企業提供了輕鬆獲取各種產品的機會，為手動工具市場創造了成長機會。隨著消費者日益採用線上購物，這一趨勢預計將持續下去。 DIY 專案消費者中流行，這推動了對手動工具的需求。隨著越來越多的人光顧家居裝修店和維修店，消費者手動工具的銷售持續成長。政府收到行業領導者和先進工具製造商的建議，以加強市場開發。

隨著印度汽車產量的增加，在組裝、維護和修理過程中使用的手動工具變得極其多樣化。汽車行業製造流程的增加推動了對扳手、螺絲起子和鉗子等工具的需求，越來越多的公司建立滿足裝配線車間和服務車間要求的業務。隨著汽車製造商為其車輛配備更先進的功能，需要專門的手動工具來進行精密組裝和維護。這一趨勢導致對創新手動工具的需求不斷增加，這些工具支援當今現代車輛中使用的新技術和複合材料設計。電子商務平台使許多企業和消費者可以輕鬆獲得這些手動工具。從線上市場比較和購買汽車手排工具的便利性是符合車主日益成長的DIY 文化的因素。

本報告調查了印度工業手動工具市場，並按工具類型、應用、最終用戶、銷售管道、地區的的趨勢，以及進入市場的公司的競爭趨勢。

目錄

第1章 研究方法

第2章 專案範圍與定義

第3章 執行摘要

第4章 顧客回饋

第5章 印度工業手動工具市場前景，2018-2032

  • 市場規模與預測
  • 市佔率分析與預測
  • 2024年市場地圖分析
    • 依工具類型
    • 依用途
    • 依最終用戶
    • 依銷售管道
    • 依地區

第6章 供需分析

第7章 價值鏈分析

第8章 波特五力分析

第9章 PESTLE分析

第10章 宏觀經濟指標

第11章 價格分析

第12章 利潤率分析

第13章 市場動態

第14章 市場趨勢與發展

第15章 個案研究

第16章 競爭態勢

  • 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
    • Magadh Hand Tools Pvt. Ltd.
    • Ajay Industrial Corporation Pvt. Ltd.
    • Alok International Pvt. Ltd.
    • Electrex Power Tools Pvt. Ltd.
    • Endico Power Tools Pvt. Ltd.
    • Tata Group (Tata Agrico)
    • Josch Systems Pvt. Ltd.
    • Taparia Tools Ltd.
    • Aegon Power Tools Pvt. Ltd.
    • Toque Master Pvt. Ltd.
    • Deeps Tools Pvt. Ltd.

第17章 策略建議

第18章 查詢及免責聲明

Product Code: MX11791

India industrial hand tools market is projected to witness a CAGR of 5.50% during the forecast period FY2025-FY2032, growing from USD 0.76 billion in FY2024 to USD 1.17 billion in FY2032. The industrial space of India is constantly growing with the rising automotive and industrial sectors. The advent of IoT, artificial intelligence, and machine learning has transformed the regional space along with other industries 4.0 elements. The growth of the market will be driven by the Indian government's focus on infrastructure projects. Investments in roads, bridges, and urban development need vast arrays of hand tools for construction and maintenance purposes, hence driving the demand across sectors.

E-commerce platforms have changed the way hand tools are marketed and sold. Online marketplaces make it very easy for both consumers and businesses to access a wide variety of products, thereby providing growth opportunities for the hand tools market. The trend is expected to persist with the increased adoption of online purchase by consumers. The trend of DIY projects among consumers has been gaining popularity and is thus helping to drive demand for hand tools. With more people getting into home improvement and repair, the volumes of consumer-grade hand tools were selling at ever-increasing volumes. The government takes suggestions from industry leaders and original tool manufacturers to enhance market development.

In April 2024, original equipment manufacturers (OEMs) were asked by the Ministry of Heavy Industries to provide certain points for the 100 Days Plan in April 2024. In September 2024, the much-anticipated Automotive Mission Plan (AMP) 2047 is probably going to be unveiled.

Expanding Automotive Manufacturing and Government Support to Fuel Market Growth

The increase in vehicle production in India demands an extremely diversified range of hand tools for assembly, maintenance, and repair processes. The rising manufacturing processes in the automotive industry propels the demand for tools such as wrenches, screwdrivers, and pliers, wherein more companies set up their operations with correspondent requirements on the floors of the assembly lines and in service workshops. As automakers are bringing out many advanced features in vehicles, special hand tools are required for precise assembly and maintenance. The trend beckons to the increasing demand for innovative hand tools that would support novel technologies and compound designs used in current modern vehicles. E-commerce platforms made it easy for these hand tools to be accessed by many businesses and consumers alike. Comparing and purchasing automotive hand tools from online marketplaces with ease is a factor that matches the growing DIY culture among vehicle owners.

Government support through initiatives, grants, tax aids, and awareness programs are streamlining market developments. Government initiatives aimed at enhancing skill development in the automotive sector led to a more skilled workforce that requires quality hand tools for effective performance. This focus on training and skill enhancement indirectly boosts the demand for hand tools. Furthermore, companies collectively set-up exhibition catering to hand and power tools manufacturers.

For instance, in July 2024, Hands Tools and Fastener Expo has been announced to be held in Dwarka, Delhi between 27-28 September 2024. The event includes 5 collected exhibitions comprising Advanced Hand Tools, Power Tools, and Fasteners (HTF), Cutting and Welding Equipment (CWE), International Machine Tools Expo (IMEX), Used Machinery Expo (UMEX), Engineering and Manufacturing Expo (TECHINDIA), and Minerals, Metals, Metallurgy & Materials (MMMM).

Infrastructure Development and Expanding Manufacturing Plants to Fuel Market

The burgeoning infrastructure sector in India is a major driver for the industrial hand tools market in India. As the country invests heavily in construction projects, the demand for hand tools used in these projects increases significantly. Furthermore, the increasing number of manufacturing plants across India, particularly in sectors, such as automotive, is driving growth in the industrial hand tools market. These plants require a wide range of hand tools for assembly, maintenance, and repair work. The rising popularity of DIY projects among individuals is contributing to the demand for hand tools in retail segment. People are increasingly engaging in home improvement, automotive repairs, and other DIY activities, driving sales of hand tools.

Companies follow the latest trend of localization, setting up plants to produce hand tools solutions for local manufacturers. International players focus on delivering products that are efficient and useful to Indian manufacturers across the verticals.

For instance, in January 2023, Bosch Power Tools India, supplier of power tools for the construction, woodworking, and metalworking industry, introduced the GWS 800 Professional Grinder, adding to its robust line of angle grinders. Furthermore, Bosch Power Tools' localization share of India reached 55% in 2023 as a result of this launch.

5G Deployment and Easy Shipping Causes Online Sales Channels to be the Fastest Growing Segment

The advent of high-speed internet, easy shipping options, advanced logistics, and brand awareness and research has fueled the demand for online sales channels. However, the retail segment holds the largest share of market. Easy availability and higher penetration of hardware retail stores in India are the major reasons behind the growth of this segment. The online segment thrives on two major factors, DIY trends and higher availability of product-specific tools. Local online platforms, such as Moglix, Toolswala, and Industrybuying support the sales of industrial hand tools in the country. Apart from the local platforms, e-commerce platforms, such as Flipkart and Amazon, are providing broad range of tools and tool kits. Companies are introducing product lines through various sales channels such as retail, distributors, and e-commerce platforms. However, some Indian manufacturers choose exhibitions for better traction and media coverage.

For instance, in June 2024, The Coimbatore District Small Industries Association (CODISSIA) organized the 20th edition of International Machine Tools and Industrial Trade Fair (Intec 2024) in Coimbatore, India. Native companies like Taparia Tools Ltd. attended the fair and showcased their product line.

Future Market Scenario (FY2025 - FY2032)

Design and functional advancements are anticipated to play a major role in shaping the hand tool industry going forward. It is anticipated that manufacturers would concentrate on producing ergonomic tools that improve user comfort and productivity in addition to instruments that use advanced materials for performance and durability.

India industrial hand tools market is projected to compete at international levels with already established markets. Manufacturing proficiency and export potential are expected to drive growth and innovation in this segment.

The market is expected to be shaped by the development of distribution channels, especially those who use internet platforms. More access to a wide variety of hand tools will be made possible by the ease of online shopping, especially in tier-II and tier-III cities where industrial activity is growing.

Key Players Landscape and Outlook

Important players in India industrial hand tool market use several approaches to grow their businesses. Leading companies are spending money on R&D to release advanced hand tools with innovative functionality. This includes lightweight materials, ergonomic designs, and specialty equipment for particular industries such as construction and automobile. Leading companies are growing their production capacities and distribution systems throughout India.

To strengthen their position in the market and obtain access to new product categories and geographical areas, some companies are purchasing smaller competitors. To increase their market presence, businesses are forging strategic alliances with retailers, distributors, and even end-user sectors. These partnerships facilitate the delivery of customized solutions, and a deeper understanding of client demands. Furthermore, industrial giants are acquiring their stakes in local manufacturing brands to promote their local share of market.

For instance, in January 2024, Reliance industries acquired 37.7% stake in Alok International Pvt. Ltd. for USD 29.8 million. Furthermore, in compliance with the resolution plan that has been authorized, Alok Industries has given RIL a total consideration of Rs 250 crore by assigning 250 crore 9 percent Optionally Convertible Preference Shares (OCPS) of Re 1 each for cash at par. Company further subscribed to 9% non-convertible redeemable preferences share of Alok Industries as it holds 40.01% of its equity share capital.

Table of Contents

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. Quality and Durability
    • 4.3.2. Ergonomics Design
    • 4.3.3. Precision and Accuracy
    • 4.3.4. Safety Features
    • 4.3.5. Versatility and Compatibility
    • 4.3.6. Reputation and Warranty
    • 4.3.7. Maintenance and Care
  • 4.4. Consideration of Privacy and Safety Regulations

5. India Industrial Hand 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. Hammer Set
      • 5.2.1.2. Plier Set
      • 5.2.1.3. Wrench Set
      • 5.2.1.4. Hand Drill
      • 5.2.1.5. Screwdrivers
      • 5.2.1.6. Others
    • 5.2.2. By Application
      • 5.2.2.1. General Purpose Tools
      • 5.2.2.2. Metal Cutting
      • 5.2.2.3. Layout and Measuring
      • 5.2.2.4. Others
    • 5.2.3. By End-user
      • 5.2.3.1. DIY
      • 5.2.3.2. Commercial
      • 5.2.3.3. Industrial
    • 5.2.4. By Sales Channel
      • 5.2.4.1. Online Sales
      • 5.2.4.2. Retail Sales
      • 5.2.4.3. Distributor Sales
    • 5.2.5. By Region
      • 5.2.5.1. North
      • 5.2.5.2. South
      • 5.2.5.3. East
      • 5.2.5.4. West and Central
    • 5.2.6. 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 End-user
    • 5.3.4. By Sales Channel
    • 5.3.5. 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. Magadh Hand Tools Pvt. Ltd.
      • 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. Ajay Industrial Corporation Pvt. Ltd.
    • 16.4.3. Alok International Pvt. Ltd.
    • 16.4.4. Electrex Power Tools Pvt. Ltd.
    • 16.4.5. Endico Power Tools Pvt. Ltd.
    • 16.4.6. Tata Group (Tata Agrico)
    • 16.4.7. Josch Systems Pvt. Ltd.
    • 16.4.8. Taparia Tools Ltd.
    • 16.4.9. Aegon Power Tools Pvt. Ltd.
    • 16.4.10. Toque Master Pvt. Ltd.
    • 16.4.11. Deeps Tools Pvt. Ltd.

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

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