India Power Tool Market 2022 Study Scope, Key Segments, Industry Trends, Size and Forecast to 2028

 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 are classified as power tools or hand tools depending on whether they are operated manually or by electricity. A power tool, unlike hand tools, uses a power source and mechanism rather than manual work. Compressed air, which is supplied through an air compressor, is used to power pneumatic power tools, pneumatic-powered tools, air-powered tools, or air tools. Compressed carbon dioxide can also be used to power these devices. Air impact wrenches, pneumatic drills, blast guns, air sanders, air ratchets, screwdrivers, jackhammers, air saw angle grinders, and other pneumatic power tools are among the most common.

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Growing your online retail sales might provide you with a lot of money. According to a research report published by the State Bank of India (SBI), the e-retailing market in India grew at a CAGR of 56 percent between 2009 and 2014. Furthermore, online sales of power tools, particularly portable power tools for domestic applications, are likely to expand significantly in the near future, owing to rising customer confidence and the availability of a wide range of items.

Global Electricity Meters Market: Competitive Landscape   

Key players involved in the India power tool market are SKF AB, Stanley Black & Decker, Inc., Actuant Corporation, Hitachi Koki Co. Ltd., Danaher Corporation, Makita Corporation, Robert Bosch GmbH, Atlas Copco AB, and Kulkarni Power Tools Ltd.

Market Dynamics- Driver -

Over the forecast period, the rising development of durable and cost-effective multi-functional power tools is expected to boost the India tool market forward. Manufacturers in the industry are working on giving multipurpose tool solutions to consumers as part of product innovation. These tools are extremely adaptable and may be utilised for a wide range of tasks, resulting in a low cost of ownership.

Recent Developments

Bosch Power Tools unveiled a line of cordless power tools in June 2019, including a lithium-ion battery-powered wireless screwdriver.
The cordless GLM 150 C Professional, cordless GLL 30 G Professional, and cordless GTC 400 C were announced by Bosch Power Tools India in February 2020.
Metabo HPT's new 18V Sub-Compact power tool collection includes an 18-Volt Sub-Compact Drill (DS18DDX), an 18-Volt Sub-Compact Impact Driver (WH18DDX), and a two-piece combination kit, all of which will be available in December 2020. (KC18DDX).

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