Press release
Concrete Nail Gun Market is estimated to reach US$ 1.1 Bn by the end of 2032 | Robert Bosch GmbH, DeWalt SENCO
Concrete Nail Gun MarketBy value, a 7.2% CAGR has been predicted for the global concrete nail gun market from 2022 to 2032. Worldwide sales of concrete nail guns are expected to reach US$ 1.1 Bn by the end of 2032. The market growth is driven by the increasing demand for residential and commercial construction projects, as well as home renovation and remodelling projects.
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Market Segmentation:
The concrete nail gun market can be segmented into types, applications, and regions.
• By type, the market can be segmented into pneumatic, cordless, and gas-powered concrete nail guns. Pneumatic concrete nail guns are the most popular type due to their durability and reliability.
• By application, the market can be segmented into residential, commercial, and industrial applications. The residential sector is expected to grow the most due to the increasing demand for home renovation and remodeling projects.
• By region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to grow the most due to the increasing demand for construction projects in countries such as China, India, and Japan.
Key players:
• Robert Bosch GmbH
• DeWalt SENCO
• Makita Corporation
• HILTI Corporation
• Milwaukee Tools
• Max Co. Ltd.
• Aerosmith Fastening
• Bostitch - Stanley Black and Decker
• Freeman - Prime Global Products Inc.
• JAACO Corporation
• Central Fastener Co. Ltd.
• Jiangsu Dongcheng M&E Tools Co. Ltd.
These companies are focusing on product innovation, partnerships, and collaborations to expand their market share and increase their revenue.
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Key Takeaways from Market Study
• The global concrete nail gun market is predicted to expand 2X over the next ten years.
• When compared to slower procedures such as drilling and then screwing in a threaded fastener, powder-actuated instruments are widely employed. They are easier to employ in confined or challenging spaces, such as when placing steel suspension clips into a concrete ceiling above.
• R&D activities are being carried out on batteries to increase run time and run the power of cordless nail guns. Also, developing substitutes of conventional battery types will shape market progression.
• Consumers have a strong preference for cordless nail guns due to their ease of use and great efficiency when compared to other types of nailers.
• By end-use, the construction developers segment is anticipated to remain key and for more than 50% market share by value in 2022.
"The construction industry is employing automation in roofing and flooring appositeness, which is leading to the promotion of concrete nail guns across regions" says a Persistence Market Research analyst.
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Conclusion:
The concrete nail gun market is expected to grow significantly in the next five years due to the increasing demand for construction and renovation projects. The market growth is driven by the increasing demand for residential and commercial construction projects, as well as home renovation and remodeling projects. Key players in the market are focusing on product innovation, partnerships, and collaborations to expand their market share and increase their revenue.
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