NEW YORK, Dec. 13, 2016 /PRNewswire/ -- Executive Summary
The report titled "India Power Tools Market Forecast to 2021 – Rise in Infrastructural Projects and Expansion of Manufacturing Industry to Drive the Market" provides a comprehensive analysis of the electric, pneumatic, powder actuated and hydraulic power tools market in India. The report covers various aspects such as overall size of India power tools market by revenue, segmentation on the basis of type of technology, source of energy, regions, application, end user, distribution channel and organized and unorganized market. The report also covers initiatives, certification requirements and industrial and labor laws by government sector, manufacturing clusters, decision making parameters by various end users and export and import scenario of the industry.
Additionally, the report provides prevalent trends, developments and restraints in industry. The report also covers the competitive landscape of the industry, market share of major players, and comprehensive profile of leading players operating in the market. Major macroeconomic indicators affecting the market have also been highlighted in the report. The report is useful for power tool manufacturers, dealers, consultants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
India Power tools Market
The market for power tools had witnessed a robust growth in terms of revenues in the past few years. Power tools market is an import driven market in India. The market is highly competitive with number of organized and unorganized players. The Make-In-India initiative by the government has fostered the manufacturing sector which had attracted many companies to open their offices and start operations in India. The expansion of distribution channels and online sales, demand from professionals, increasing inexpensive imports from China has driven the power tools market in India. The review period also witnessed new campaigns, product launches and launch of new distribution channels. For an instance the premium retail store concept by Bosch (Bosch System Specialist) has created a niche in the market with its positioning as a total solutions provider for Power Tools while providing customers with a delightful shopping experience. The power tools market had increased from INR ~ Million in FY'2011 to INR ~ Million in FY'2016, growing at a CAGR of ~% during the period.
The Power tools market encompasses of four major segments on the basis of technology. These segments are Electric, Pneumatic, Hydraulic and Powder-Actuated power tools. Electric power tools had contributed majorly with the share of ~% in the overall revenues of power tools in FY'2016. The second largest contributor are the Pneumatic power tools with the share of ~% in the revenues of overall power tools.
The market is fragmented on the basis of region which comprise of Tier 1, 2 and 3 cities out of which ~% revenue was generated from tier 1 cities in FY'2016 owing to strong distribution network and ~% from Tier 2 cities in FY'2016 since these cities are home to several manufacturing and construction plants of the country.
Factors such as innovation to produce technologically advanced power tools at reasonable prices than hand tools and rising smart city projects by the infrastructure companies will drive the future market. Additionally, rising usage of power tools in Tier 2 and 3 cities and increase in FDI in the category due to government initiatives will complement the growth drivers of power tools industry in India in coming future. It has been anticipated that the market will grow at a CAGR of ~% during FY'2017 to FY'2021 to reach at INR ~ Million in FY'2021. The penetration rate of power tools in Tier 2 and Tier 3 cities is projected to increase, from ~% in FY'2016 to ~% in FY'2021 for Tier 2 cities and from ~% in FY'2016 to ~% in FY'2021 in Tier 3 cities.
Key Topics Covered in the Report
- India Power tools Market Introduction and Size
- India Power tools Market Segmentation (By types of technology, By regions, by products by end users, by application, by organized and unorganized players, by portable and stationary tools)
- Initiatives by government and industrial and labor laws for Power Tools In India (for manufacturing companies)
- Growth Drivers and Challenges in India Power Tools Market
- Restraints and Challenges in India Power Tools Market
- Decision Making Procedure by end users In India Power Tools Market
- Market Share of Major Players in India Power Tools Market
- Company Profile of Leading and Emerging Players in India Power Tools Market
- Import and Export scenario in India Power Tools Market
- India Power Tools Market Future Outlook and Projections
- Analyst Recommendation
- Macro Economic Variables Impacting the India Power Tools Market
Read the full report: http://www.reportlinker.com/p04456858-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/india-power-tools-market-forecast-to-2021---rise-in-infrastructural-projects-and-expansion-of-manufacturing-industry-to-drive-the-market-300377725.html