Power Tool Market in India 2021 Growth, Size, Share, Trends Analysis And Forecast To 2028 : SKF AB, Stanley Black & Decker, Inc., Actuant Corporation, Hitachi Koki Co. Ltd.
New Research Study "India Power Tool Market 2021 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Coherent Market insight
The India power tools market is estimated to be valued at US$ 5,209.0 million in 2021 and is expected to exhibit a CAGR of 8.9% over the forecast period (2021-2028).
The market research on India Power Tool Market provides a comprehensive overview of the industry, including definitions, classifications, applications, and industrial chain frameworks. It sheds light on the most important market characteristics as well as current industry developments. The study examines key sectors in depth to determine what drives market growth, such as trends and opportunities that may have a negative or positive impact on the market in the long run. It also emphasises the numerous applications and sectors. The study includes data that corresponds to historical milestones and current trends. Each segment has been thoroughly researched, with each major element such as market development potential, India Power Tool market dynamics, market CAGR, and market value considered.
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This report includes information on the industry's market growth as well as key segmentation variables that help the global India Power Tool Market prosper in today's environment. The report also emphasises the importance of regional classification in the global India Power Tool Market. Due to growing demand, the worldwide India Power Tool Market will eventually create more revenue and have a higher market size than the previous projected period.
Major Key players in this Market:
· SKF AB
· Stanley Black & Decker Inc.
· Actuant Corporation
· Hitachi Koki Co. Ltd.
· Danaher Corporation
· Makita Corporation
· Robert Bosch GmbH
· Atlas Copco AB
· Kulkarni Power Tools Ltd.
Drivers & Trends
The market forecasts in the India Power Tool industry are based on established research and assumptions based on current drivers and trends. As a result, the research report serves as a repository of analysis and data for every aspect of the market, including applications, SWOT analysis, future potential, new developments, and more. To acquire a firm grasp on the total market, several possible growth factors and hazards are assessed.
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The India Power Tool market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.
Method of Research
The purpose of this section's research is to examine the India Power Tool market over the course of the review period using several validated metrics based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasising the market's primary strengths and weaknesses as it progresses. Furthermore, the study was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases. Beyond important points in the industry's value chain, the study includes a complete qualitative and quantitative assessment based on data gathered from industry analysts and market players.
· The India power tool market was valued at US$ 4,748.6 Mn in 2020 and is forecast to reach a value of US$ 9,864.1 Mn by 2028 at a CAGR of 8.9% between 2021 and 2028. This is owing to growth in high demand for power tools in the automotive sector.
· The Industrial segment was valued US$ 2,649.9 Mn in 2020 and is expected to witness a CAGR of 9.0% over the forecast period. This is owing to increase the demand of power tools in industries such as fastening tools in wind energy industry.
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India Power Tool Market: Recent Developments
· In June 2019, Bosch Power Tools debuted a line of cordless power tools, including a wireless screwdriver powered by lithium-ion batteries.
· In February 2020, Bosch Power Tools India introduced the cordless GLM 150 C Professional, cordless GLL 30 G Professional, and cordless GTC 400 C.
· In December 2020, Metabo HPT has released an 18-Volt Sub-Compact Drill (DS18DDX), an 18-Volt Sub-Compact Impact Driver (WH18DDX), and a two-piece combo kit as part of their new 18V Sub-Compact power tool range (KC18DDX).
Mr. Raj Shah
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