Press release
India Power Tools Market (2018-2024)-6Wresearch
India Power Tools Market (2018-2024)-6Wresearch
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.
According to 6Wresearch, India Power Tools market is projected to grow at a CAGR of 8.4% during 2018-24. Among different types of power tools, electric power tools bagged the maximum revenue share in 2017. Although, corded electric power tools contributed majority of the revenue share in 2017, however, the segment is anticipated to continuously lose its market share over the cordless electric power tools owing to its portability and zero cabling issues.
Explore Press Release : http://www.6wresearch.com/press-releases/india-power-tools-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile-insights.html
According to Mr. Varun Sikand, Director-Marketing, Hilti India, "Electric power tools usage is currently growing at a very fast pace in India, especially across the construction and industrial segments. Manufacturers are coming up with advanced products to gain further consumer acceptance. Cordless power tools using lithium-ion batteries and dust control technology are already established in the U.S. and Europe and would complement the exponential market growth in India over the coming years."
According to Anuj Mehrotra, Senior Research Analyst, Research and Consulting, 6Wresearch, "Power tools market in India is projected to grow steadily over the coming years on the back of continuously increasing construction & industrial activities in the country. Additionally, automotive sector, deploying pneumatic power tools has emerged as another key growth contributor towards the overall power tools market in the country."
"Moreover, there is a visible shift from corded to cordless tools among end users. Cordless power tools segment is anticipated to exhibit high growth and high user acceptance by 2024 backed by certain key advantages such as portability, light-weight, and efficiency," Anuj concluded.
According to Suman Gautam, Research Associate, Research and Consulting, 6Wresearch, "India power tools market is an import driven market, dominated by international brands including Bosch, Stanley, Makita, Hilti, and Hitachi. Majority of these companies import power tools from their manufacturing bases outside India and reach end users via varied sales channels within the country"
"Chinese products are in huge demand in the Indian market over the past few years, for instance Doncheng is selling its power tool products at lower prices in India and has gained significant adoption in the country which is posing further challenge to the market players," Suman added.
Some of the major players in India Power Tools market include- Bosch Limited, Stanley Black & Decker India Pvt. Ltd, Makita Power Tools India Pvt. Ltd, Hitachi Koki India Pvt. Ltd, and Hilti India Pvt. Ltd, Kulkarni Power Tools Ltd. (KPT), FEIN Power Tools India Pvt. Ltd, Atlas Copco (India) Ltd, Techtronic Industries Co. Ltd, Snap-on Inc.
"India Power Tools Market (2018-2024)" provides in-depth analysis with 48 figures and 11 tables covered in 118 pages. The report estimates and forecast the overall India power tools market by technology, tool types, verticals, and regions. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers, and restraints.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/india-power-tools-market-2018-2024-forecast-by-technology-electric-corded-cordless-pneumatic-types-metal-concrete-wood-verticals-regions-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Email sales@6wresearch.com
Phone: +911143024305
Website : http://www.6wresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Power Tools Market (2018-2024)-6Wresearch here
News-ID: 1151316 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Market Penetration of Smart Ceiling Lights Globally
The global market for ceiling lights has been growing rapidly as consumers demand is high for seek stylish and efficient lighting for homes and commercial settings. Though new technologies in smart lighting are gaining traction, ceiling lights remain favored for their utility, design versatility, and energy-conscious features.
According to 6Wresearch, the Global Ceiling Lights Market is projected to grow at a compound annual growth rate (CAGR) of 4.60% between 2025 and…
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Au …
The car parking market worldwide is growing steadily. This is due to the rising urbanization, increased numbers of vehicles, and the need for efficient space allocation in cities. With expanding urban centers and mounting traffic congestion, demand for smart and systematic parking solutions is rapidly rising. Additionally, governments and private companies have invested in contemporary parking facilities. Moreover, technological advancements are being done to make parking systems more accessible and…
Consumer Behavior and Preferences in Purchasing Car Insurance
The global car insurance market growth has boosted massively, driven by the rising vehicle ownerships and strict government regulations. Additionally, the rising driver's awareness regarding car insurance is another major factor boosting the growth of the market. While rise of digital solutions and new technologies, traditional car insurance remains essential in the auto and financial industries, which offer vital protection and financial security to drivers worldwide.
According to 6Wresearch, the Global…
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car A …
The global car accessories market is experiencing consistent growth, driven by increasing vehicle ownership, rising interest in vehicle customization, and growing awareness around safety and comfort. Consumers around the world are investing more in both aesthetic and functional accessories for their vehicles-ranging from seat covers and infotainment systems to advanced safety tools and exterior enhancements.
According to 6Wresearch, the Global Car Accessories Market is projected to grow at a compound annual…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
