India Power Tools Market Forecast to 2021 - Rise in Infrastructural Projects and Expansion of Manufacturing Industry to Drive the Market

The report titled "India Power Tools Market Outlook to FY'2021 - Emerging DIY Segment and Rising Infrastructure Projects to Drive the Market" which provides a comprehensive analysis of the power tools market in India. The report covers various aspects such as overall size of India power tools market and each product category 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 the industry. Additionally, the report offers 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, sellers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

India Power tools Market
Indian Power tool industry is an import driven market with a large proportion of products imported in the country through countries such as China, Germany, UAE, Japan, Korea and others. Major players usually setup a plant in China but use German technology to built power tools equipments which is finally imported by India.

The power tools industry is a contractor driven market. The contractors purchase the products depending on the applications such as drilling, breaking, demolishing and others. Before making the purchase, the contractors also considers several parameters such as labor requirement since their job requires lot of labor work and the wages is paid on the hourly basis ranging from INR 100 to INR 120 per hour which is why they consider the labor and time saved by using power tools, labor required to use the tools and the service costs associated with the use of power tools since they require services at regular intervals

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/Gas 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 they are the manufacturing and construction hub of the country.

Future Outlook
With the innovation to produce better quality power tools at cheaper prices than hand tools, rising smart city projects by the infrastructure companies will drive the future market. Expanding usage of power tools in Tier 2 and 3 cities, increase in FDI in the country due to government initiatives, will majorly attribute for the growth 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