The India Power Tools Industry size reached USD 636.7 million in 2022. Over the forecast period, demand for power tools in India is anticipated to rise at 8.6% CAGR. Total industry value is predicted to increase from USD 686.0 million in 2023 to USD 1,563.1 million by 2033.
Demand for power tools in India is projected to remain high in the impact wrench segment. The latest power tools industry analysis shows that the target segment is projected to thrive at 9.7% CAGR during the assessment period.
Key India Power Tools Industry Highlights:
Industry to Expand Nearly 2.3X through 2033
The adoption of power tools in India is predicted to expand around 2.3X through 2033, amid a 9.3% increase in expected CAGR compared to the historical one. This is due to the Increasing construction & infrastructure project like bullet train project and metro train project. Sales of power tools are also likely to rise due to rapid electrification, increasing government project for railway development. By 2033, the total industry revenue is set to reach USD 1,563.1 million.
The Construction Segment is Set to Spearhead the Demand for Power Tools in India
According to the report, the construction segment is expected to dominate the Indian power tools industry, accounting for a volume share of about 31.4% in 2023. This dominance is attributed to the increasing use of power tools in construction due to their effectiveness, cost-effectiveness, quick operation, and user-friendly nature. This trend is associated with the growing adoption of power tools in India’s construction activities, capitalizing on their inherent advantages.
Power tools, known for their efficiency, cost-effectiveness, speed, and ease of use, have become the preferred choice for construction professionals.
The rising demand for infrastructure development, along with commercial and residential building construction, and renovation projects, is fueling the demand for power tools in the construction sector.
The availability of a wide range of power tools in India, from basic handheld tools to advanced cordless and pneumatic tools, is further contributing to their popularity in the construction industry.
Additionally, the increasing government projects, such as the Narmada Valley Development Project, Delhi-Mumbai Industrial Corridor, and Navi Mumbai International Airport, are expected to drive the demand for power tools in India.
| Attributes | Key Insights |
|---|---|
| India Power Tools Industry Size in 2022 | USD 636.7 million |
| Estimated India Power Tools Industry Value (2023) | USD 686.0 million |
| Projected India Power Tools Industry Revenue (2033) | USD 1,563.1 million |
| Value-based India Power Tools Industry CAGR (2023 to 2033) | 8.6% |
| Collective Value Share: Top 5 States (2023E) | 52.1% |
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Power tools are gaining traction in India due to their ability to complete work effortlessly and quickly. They are set to be used across diverse industries to ease the work, thereby driving the growth of the Indian power tools industry.
The manufacturing sector is one of the prime consumers of power tools in India, accounting for a significant industry share.
The increasing demand for automation and robots in various production processes is driving the sector's development. Power tools are essential for a variety of tasks in manufacturing, including drilling, cutting, grinding, and riveting, as they offer accuracy, speed, and efficiency.
Over the projection period, the manufacturing sector's demand for power tools in India is anticipated to increase.
In India, another important market for power tools is maintenance, repair, and overhaul (MRO) services. Power tools are crucial for MRO services because they can perform repairs quickly and effectively, reducing maintenance expenses and downtime.
The growing emphasis on asset optimization and maintenance efficiency is predicted to drive the demand for power tools in India’s MRO services.
The growing trend of home renovation projects in India is propelling significant growth in the Do-It-Yourself (DIY) industry. Power tools are a necessary component of DIY projects due to their accuracy and effectiveness in various tasks, including drilling, cutting, sanding, and fastening.
The demand for power tools in the DIY segment is expected to expand during the forecast period, owing to the growing availability of established retail channels and eCommerce platforms.
Due to the growing need for infrastructure development, the construction industry in India is another significant consumer of power tools. Power tools play a vital role in construction tasks such as drilling, cutting, grinding, and riveting, as they are fast, accurate, and efficient.
With government programs like the National Infrastructure Pipeline and the Smart Cities Mission promoting infrastructure development, the demand for power tools in India’s construction industry is anticipated to increase in the forecast period.
The space sector is also employing power tools and has room to develop in the near future. As the number of private players in the space sector grows, there may be an increase in the creation of infrastructure, including manufacturing and research facilities.
This growth could lead to increased demand for power tools in India for manufacturing, maintenance, and construction tasks. Supply chain companies, particularly those offering tools and equipment, may find opportunities as the space sector expands, with various tools needed for production, assembly, and maintenance by private businesses engaged in space-related operations.
India's power tool industry is undergoing changes due to an increase in demand for round wood, acting as a catalyst for change in the wood processing and manufacturing sectors.
Power tools become essential equipment in the complex process of transforming raw round wood resources into refined forms like veneers, boards, and lumber as the demand for raw round wood grows.
A range of power tools, from multipurpose saws to finely tuned planers and routers, is essential for this transformation, requiring sophisticated and effective solutions to fully utilize the raw material's potential.
As per the latest analysis, South India is expected to retain its dominance in the overall adoption of power tools in India during the forecast period. It is set to hold around 31.8% of the India industry share in 2023. This is attributed to the following factors:
Government Project:
Government efforts that are transforming building infrastructure, development, and long-term growth are expanding across South India. Projects include smart city initiatives and large-scale transportation networks involving roads and metro train extensions.
Notable initiatives encompass the creation of top-notch IT corridors, the upgrading of city facilities, and the enhancement of infrastructure supporting healthcare and education.
These initiatives demonstrate a commitment to raising living standards, promoting economic success, and establishing South India as a center of innovation and advancement. Growing government initiatives in the area indicate a strategic vision to address the changing requirements of the region's dynamic and expanding populace.
Increase in Construction:
The development of the real estate business, the increasing demand for residential and commercial real estate, and the expansion of the hotel and tourist industries are all contributing to the boom in the building industry in southern India.
The demand for power tools and other construction equipment and supplies has consequently increased.
Increasing in Space Industry:
The surge in space activity in South India is fueling the demand for advanced power tools in India. The construction and maintenance of space launch facilities, satellite components, and infrastructure require precision and efficiency, driving the need for specialized power tools.
Principal Consultant
Sales of power tools developed at a CAGR of 1.3% between 2018 and 2022. Total industry revenue reached about USD 636.7 million in 2022. In the forecast period, the adoption of power tools in India is set to thrive at a CAGR of 8.6%.
| Historical CAGR (2018 to 2022) | 1.3% |
|---|---|
| Forecast CAGR (2023 to 2033) | 8.6% |
The adoption of power tools in India witnessed sluggish growth between 2018 and 2022. This was due to increased demand from manufacturing sector and MRO Services sector like automotive, railway, furniture and metal fabrication.
The COVID-19 pandemic underscored the crucial importance of safe and fast mean of transportation which result in increase for air transportation which result in increase of power tools usage in aerospace sector.
Future Scope of the Demand for Power Tools in India
Over the forecast period, the demand for power tools in India is poised to exhibit healthy growth, totaling a valuation of USD 1,563.1 million by 2033. This is due to a combination of several factors, including increasing demand for fast mean of transportation and increasing construction project throughout the country.
The Higher Working Ability than Hand Tools Provides Induced Productivity
Power tools can work 24 x 7 without any interruptions. These tools can provide service all day throughout the year with very minimal occurrences of shutdown for maintenance.
Power tools excel in manufacturing by providing a greater speed of production than hand tools, meeting the product requirements to keep pace with the increasing demand for power tools in India.
Many end-users looking to significantly enhance production rates could form a substantial customer base for the power tools industry in the foreseeable future.
The ability of power tools to complete long and meticulous cycles of operations is a capability that can shift customer preference from hand tools to power tools.
Easy Maneuverability of Handheld Power Tools and Operational Versatility is a Great Growth Virtue
Power tools have proven themselves to be very effective in cutting pressure-treated wood, increasing their utilization prospects. Additionally, the portability of power tools has enabled them to perform various tasks directly at the workplace.
The easy maneuverability of power tools makes them ideal for operating on thick workpieces, which, in the case of other methods, results in great hassle due to added transportation requirements.
Power tools can be used to perform a variety of operations and also offer versatile dimensional freedom for use in various applications.
For example, a drill can create holes in various materials, and a saw can cut through different types of materials with accuracy. A sander can be used to smooth surfaces, while a grinder can shape and polish materials.
There are also specific tools designed for particular applications. Although all these tools are likely to be provided in a complete set, they can also be purchased individually as per requirements.
Electrical Power Tools Require Minimal Setup Time & Simple Operation compared to Hand Tools
Electric power tools take considerably less time to assemble the complete setup for working compared to hand tools, which take more time and are generally more complex in terms of setup and operation.
Electric tools are considered the most optimum handheld devices and prove very effective when operations need to be carried out manually, offering great manual adjustments to meet the desired aesthetics of the end product.
The leverage in terms of setup simplicity and simple manual operation freedom acts as a catalyst for the substantial growth in the utilization of electric power tools in India.
Increasing Adoption of Power Tools in India for DIY and Household Applications
The high living standards and lifestyle changes in developed cities in both North India and South India are driving consumer inclination towards DIY interior designing. Moreover, in developing regions, the increasing population coupled with rising disposable income is fueling the DIY industry, correspondingly boosting the sales of power tools.
The use of DIY products lowers long-term costs compared to work outsourced to expensive labor, resulting in an increased demand for power tools in India for DIY and household applications.
Additionally, the advent of e-commerce has enabled easy access and discounts for consumers. These factors are expected to contribute to the rise in demand for power tools in DIY applications.
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Need of Skilled and Proficient Operator to Maintain Precision in Applications
Power tools are operated manually and used to perform numerous operations considered under the processes. To achieve flawless and precise operation, it is important that operations must be performed by skilled and experienced professionals.
Power tools in India need to be operated with precision and exactness, minimizing possible errors or deflections. Hence, only a skillful operator can operate these tools, subsequently increasing the overall operational cost due to the high wages of operators in the industry.
Relatively Higher Maintenance Cost
Electric tools, such as precision instruments and assembly tools, require timely maintenance of their moving parts. Electric tools need recalibration at regular intervals for precise operations.
Batteries, motors, power connections, and other components of electric tools can fail and wear out over time. Frequent maintenance, such as sharpening, oiling, replacing parts, and other repairs, is necessary for the appropriate functioning of tools, incurring high costs.
Consumers, particularly in developing countries, are reluctant to spend on the maintenance of power tools due to the availability of low-cost manual labor. Thus, high maintenance costs are restraining the growth of the power tools in India.
The cost of ownership of electric tools increases due to maintenance and repair requirements. Therefore, consumers in developing countries are opting to lease power tools, which is also hampering the growth in new sales for electric tools.
The table below highlights India power tools industry revenues depending on region. South India, West India, and North India are expected to remain the top consumers of power tools, with projected valuations of USD 497.8 million, USD 474.7 million, and USD 356.0 million, respectively, by 2033.
| Region | India Power Tools Industry Revenue (2033) |
|---|---|
| South India | USD 497.8 million |
| West India | USD 474.7 million |
| North India | USD 356.0 million |
The table below shows the estimated growth rates of the top regions. East India, North India, and West India are set to record higher CAGRs of 10.6%, 9.1%, and 8.5%, respectively, through 2033.
| Region | Projected Power Tools CAGR (2023 to 2033) |
|---|---|
| East India | 10.6% |
| North India | 9.1% |
| West India | 8.5% |
The size of the power tools industry in South India is projected to reach USD 497.8 million by 2033. Over the assessment period, demand for power tools in South India is set to rise at a 7.6% Compound Annual Growth Rate (CAGR).
Several factors are expected to drive growth in the power tools industry in South India. These include growing Maintenance, Repair, and Overhaul (MRO) services in facility management, aerospace, and the manufacturing sector of Aerospace & Railways.
The diverse industrial applications of power tools also contribute significantly to the demand growth of power tools in India. The expansion of industries such as aerospace and automotive is likely to create opportunities for power tools manufacturers.
Power tools are set to be extensively used in the manufacturing and MRO services sector of Railways & Aerospace. These industries have stringent rules and regulations necessitating the use of power tools to ensure service and maintenance after every time interval or before every operation.
Leading manufacturers are expected to cater to the needs of these industries by providing high-quality power tools that meet the specific requirements of each sector. This is likely to help them boost their revenue and expand their customer base.
Power tools are likely to experience high demand in West India. The region has undergone tremendous industrialization and urbanization over the past few decades, resulting in a sharp rise in the need for power tools. The expansion of manufacturing facilities and infrastructural developments in the area are the main drivers of this trend.
Infrastructure projects, such as the Mumbai-Ahmedabad High-Speed Rail Project, GIFT City Gandhinagar, Ahmedabad Mumbai Bullet Train, Kutch Hybrid Renewable Energy Park, Sardar Vallabhbhai Patel Sports Enclave, Delhi Ahmedabad High-Speed Rail Corridor, Delhi Mumbai Industrial Corridor, Kalpasar Dam Project, Okha Beyt Dwarka Signature Bridge, and various metro projects, contribute to this surge.
Increasing manufacturing plants like the new Electric Vehicle (EV) Manufacturing Plant in Pune, Maharashtra, and the construction of a semiconductor plant in Gujarat by Micron are further driving the demand for power tools in India.
Infrastructure projects, including road construction, bridge building, and airport expansion, require a wide range of power tools, including drills, saws, grinders, and impact drivers.
These tools are essential for tasks such as excavation, concrete cutting, and steel fabrication, critical components of infrastructure development. The construction sector is one of the leading consumers of power tools in West India.
Sales of power tools in West India are projected to soar at a CAGR of around 8.5% during the assessment period. The total valuation in the country is anticipated to reach USD 474.7 million by 2033.
North India presents a promising new market for the power tools industry due to several factors. The Region is experiencing substantial industrial growth and urbanization, leading to increase in infrastructure project.
As more manufacturing plant and construction activity increases, the demand for power tools is likely to surge. This is expected to boost demand for power tools in India in West India during the forecast period.
The north Indian region, encompassing states such as Delhi, Uttar Pradesh, Haryana, Punjab, and Rajasthan, is emerging as a promising new market for the power tools industry.
This region is witnessing significant industrial growth and urbanization, driven by factors such as favorable government infrastructure (like Zoji-la & Z-Morh Tunnel Project, Delhi- Mumbai Expressway and Ganga Expressway) , and intense population density. As a result, there is a surge in demand for power tools in India.
The adoption for power tools in India is anticipated to total USD 1,563.1 million by 2033. Over the forecast period, power tools demand in the country is set to increase at a robust CAGR of 8.6%.
The section below shows the Impact Wrench segment dominating based on tool type. It is forecast to thrive at a 10.7% CAGR between 2023 and 2033.
Based on application, the Construction segment is anticipated to hold a dominant share through 2033. It is set to exhibit a CAGR of 8.0% during the forecast period.
| Top Segment (Tool Type) | Impact Wrench |
|---|---|
| Predicted CAGR (2023 to 2033) | 10.7% |
Based on tool type, the India power tools industry is segmented into drilling products, fastening products, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench & circular saw. Among these, the impact wrench is in demand due to several reasons.
The demand for impact wrenches is rising to the top of the list of industrial tool needs due to the development of manufacturing facilities and the growing Maintenance, Repair, and Operations (MRO) service sector.
The need for effective and high-performance tools grows as manufacturing facilities proliferate. Impact wrenches become essential partners in the complex work of assembly and disassembly in these plants.
Their ability to deliver quick, high-torque fastening solutions is crucial for speeding up production and improving overall operational effectiveness.
The rising usage of impact wrenches in various industries, including manufacturing, swimming MRO services, DIY, and construction, is set to boost the target segment. It is anticipated to hold a significant volume share of 6.5% in 2023.
Over the forecast period, demand for impact wrench is forecast to rise at a CAGR of 10.7% CAGR. By 2022, the target segment is estimated to reach USD 1,176 million.
| Top Segment (Application) | Construction |
|---|---|
| Predicted CAGR (2023 to 2033) | 8.0% |
The India power tools industry is segmented based on application into manufacturing, MRO services, DIY & construction. Among these, demand for power tools is expected to remain high in Construction.
Government initiatives to boost infrastructure development, such as the Smart Cities Mission, Navi Mumbai International Airport, Chenab Rail Bridge, Mumbai to Delhi Expressway, and Mumbai Trans Harbour Link Project, contribute to this demand.
The increasing adoption of advanced technologies in construction, such as Building Information Modeling (BIM) and prefabricated building systems, is expected to further fuel the demand for power tools due to their precision and efficiency.
As per the latest power tools industry analysis, the construction segment is projected to thrive at an 8.0% CAGR during the forecast period. It is set to attain a valuation of USD 466.5 million by 2033.
The India power tools industry is fragmented, with leading players accounting for about 40% to 45% share.
Kulkarni Power Tools Ltd., CUMI, Ralli wolf, Aegon, Electrex India Ltd. , Metabo AG, Techtronic Industries Company Limited, JK Files & Engineering Limited, ENDICO POWER TOOLS, ITW , Robert Bosch Power Tools GmbH, Stanley Black & Decker, Inc., Atlas Copco AB, Caterpillar Inc., Apex Tool Group, Koki Holdings Co., Ltd., DeWalt, Milwaukee Electric Tool Corporation, Hilti Corporation, Makita Corporation, Panasonic Corporation, Kyocera Corporation, Ingersoll Rand, Inc. are the leading manufacturers and suppliers of power tools listed in the report.
Key power tools companies are investing in continuous research for producing new products and increasing their production capacity to meet end users’ demand. They are also showing an inclination toward adopting strategies, including acquisitions, partnerships, mergers, and facility expansions to strengthen their footprint.
Recent Developments in Power Tools in India
| Attribute | Details |
|---|---|
| Estimated Industry Size (2023) | USD 686.0 million |
| Projected Industry Size (2033) | USD 1,563.1 million |
| Anticipated Growth Rate (2023 to 2033) | 8.6% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD Million) and Volume (Th. tons) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Industry Segments Covered | Tool Type, Technology, Application, Sales Channel, Region |
| Regions Covered | North India; East India; West India; South India |
| Key States Covered | Gujrat, Maharashtra, Tamil Nadu, Telangana, Karnataka, Madhya Pradesh, Delhi & NCR, Rajasthan, Punjab, Uttar Pradesh, West Bengal, Jharkhand |
| Key Companies Profiled | Robert Bosch Power Tools GmbH; Stanley Black & Decker, Inc.; Atlas Copco AB; Caterpillar Inc.; Apex Tool Group; Koki Holdings Co., Ltd.; DeWalt; Milwaukee Electric Tool Corporation; Hilti Corporation; Makita Corporation; Panasonic Corporation; Kyocera Corporation; Ingersoll Rand, Inc.; Kulkarni Power Tools Ltd.; CUMI; Ralli wolf; Aegon; Electrex India Ltd.; Metabo AG; Techtronic Industries Company Limited; JK Files & Engineering Limited; ENDICO POWER TOOLS; ITW |
The industry value of power tools in India was USD 636.7 million in 2022.
The industry size of power tools in India is set to reach USD 686.0 million in 2023.
Power tools demand in India is anticipated to rise at 8.6% CAGR.
The industry size of power tools in India is set to reach USD 1,563.1 million by 2033.
Construction is expected to lead the industry during the forecast period.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. India Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. India Market - Pricing Analysis 7. India Market Demand (USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. India Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Drilling Product 9.2. Fastening Product 9.3. Heat Gun 9.4. Angle Grinder 9.5. Chain Saw 9.6. Orbital Sander 9.7. Jigsaw 9.8. Impact Wrench 9.9. Circular Saw 10. India Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 10.1. Electric 10.2. Corded 10.3. Cordless 10.3.1. Li-ion Battery 10.3.2. Lead Acid Battery 10.3.3. Others (Ni-Cd, Ni-MH) 10.4. Pneumatic 11. India Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 11.1. Online 11.2. Offline 12. India Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 12.1. Manufacturing 12.1.1. Metal Fabrication 12.1.2. Automotive 12.1.3. Railways 12.1.4. Aerospace 12.1.5. Furniture 12.1.6. Others 12.2. MRO Services 12.2.1. Facility Management 12.2.2. Automotive 12.2.3. Aerospace 12.2.4. Other Industrial 12.3. DIY 12.4. Construction 13. India Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 13.1. North India 13.2. East India 13.3. West India 13.4. South India 14. North India Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. East India Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. West India Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. South India Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. India Market Analysis by Key States 19. Market Structure Analysis 20. Competition Analysis 20.1. Robert Bosch GmbH 20.2. Stanley Black & Decker, Inc. 20.3. Atlas Copco AB 20.4. Caterpillar Inc. 20.5. Apex Tool Group 20.6. Koki Holdings Co., Ltd. 20.7. DeWalt 20.8. Milwaukee Electric Tool Corporation 20.9. Hilti Corporation 20.10. Makita Corporation 20.11. Panasonic Corporation 20.12. Kyocera Corporation 20.13. Ingersoll Rand, Inc. 20.14. Kulkarni Ltd. 20.15. CUMI 20.16. Ralli wolf 20.17. Aegon 20.18. Electrex India Ltd. 20.19. Metabo AG 20.20. Techtronic Industries Company Limited 20.21. Snap-on Incorporated 20.22. JK Files & Engineering Limited 20.23. ENDICO 20.24. ITW 21. Assumptions and Acronyms Used 22. Research Methodology
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Power Tools Industry Analysis in India
