NEW JERSEY, UNITED STATES, January 13, 2022 /EINPresswire.com/ -- Description

New Research Study "India Power Tool Market 2022 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).

Tools can be operated manually or by electricity, and are classified as power tools or hand tools. A power tool, as opposed to hand tools, makes use of a power source and mechanism rather than physical work. Pneumatic power tools, pneumatic-powered tools, air-powered tools, or air tools are powered by compressed air provided by an air compressor. Compressed carbon dioxide can also be used to power these machines. Air impact wrenches, pneumatic drills, blow guns, air sanders, air ratchets, screwdrivers, jackhammers, air saw angle grinders, and other pneumatic power tools are examples.

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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 advent of long-lasting and cost-effective multi-functional power tools is likely to drive India's tool market growth over the forecast period. Manufacturers in the industry are working on giving multifunctional tool solutions to consumers as part of product innovation. These tools are extremely flexible and may be used for a wide range of activities, making them comparatively inexpensive. Metabo, for example, developed the Cordless Combination Hammer in 2014, which combines rotary drilling, hammer drilling, and chiselling in a single instrument. In 2013, Bosch Power Tools India opened a DIY square in Bengaluru, Karnataka, complete with home, hobby, and garden categories, with the goal of giving clients hands-on experience with power tools and promoting DIY principles among customers in the nation.

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India Power Tool Market Segmentation:

By Mode of Operation:
· Electric
· Pneumatic

By End-use:
· Industrial
· Household

Regional Classification

The India Power Tool market report sheds light on the analysis as well as market forecast on the regional and also the global level. Delving deep into the report, it also covers the various growth opportunities and recent trends across five regions, including the Asia Pacific (APAC), North America, Latin America, Europe, and the Middle East & Africa (MEA). An in-depth study has been carried out covering every region with regard to the prevalent trends, outlook, and different opportunities that are likely to impact the market positively in the long run. The report also offers the most up to date information related to the technological developments and growth prospects based on the regional landscape.

Method of Research

The report provides first-hand information performed by key players using quantitative & qualitative assessment as per the parameters of the Porter’s Five Force Model. It throws light on the macro-economic indicators, parent market trends, and growth factors. Primary (surveys, interviews, and questionnaires) & secondary researches (SEC filings, white paper references, and published reports) have been carried out to provide a better understanding of the market. The data used in the report has passed multi-step verification to assure both the authenticity as well as the quality of the insight that is provided. Bottom-up & top-down approaches are also used for ensuring the credibility of the valuations and market segments.

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The following are the study objectives for this report:

· SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
· Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
· Determine whether trends and factors are driving or limiting market growth.
· By identifying high-growth categories, stakeholders would be able to analyse market potential.
· Conduct a strategic study of each submarket's growth trends and market contribution.
· Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
· To create a strategic profile of the main players and analyse their growth plans in depth.

Mr. Shah
Coherent Market Insights Pvt. Ltd.
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