Bosch, Stanley, Makita, Hitachi and Hilti are the Leading Players by Revenue in Power Tools Market in India: Ken Research - PowerPoint PPT Presentation

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Bosch, Stanley, Makita, Hitachi and Hilti are the Leading Players by Revenue in Power Tools Market in India: Ken Research

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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. – PowerPoint PPT presentation

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Title: Bosch, Stanley, Makita, Hitachi and Hilti are the Leading Players by Revenue in Power Tools Market in India: Ken Research


1
Bosch, Stanley, Makita, Hitachi and Hilti are the
Leading Players by Revenue in Power Tools Market
in India Ken Research
2
India power tools market is an import driven
market where key players manufacture their
products abroad and import them from countries
like China, Germany, Japan, Korea and some
others. In FY2016, a very small proportion of
the manufacturing was done in India. The major
manufacturing cluster for power tools includes
cities such as Mumbai, New Delhi, Nagpur, Pune,
Bangalore, Chennai and others. These cities are
major manufacturing clusters owing to their
strong distribution network which reduces
logistics and transportation cost. In terms of
value, the highest proportion of exports by India
is to China which uses these tools as inputs for
manufacturing products.
3
In India, Bosch, the largest market player has
registered the surge in proportion of power tools
in its total revenue from FY2012 to FY2013 that
added up to the total market revenue. This
increased the total revenue of the power tools
industry since Bosch forms a major market
share. The major reason attributed for a small
market share was the high cost associated with
hydraulic power tools. Hydraulic tools delivered
the most power and torque, operate at very low
temperatures, can be used for underwater work and
usually have a high lifespan requiring low
maintenance. It has been observed that the
market share of pneumatic tools have inclined
over the years in review period owing to the
technical upgradation which made it competitive
to the equivalent electric tools. For an
instance, pneumatic tools are safer to run and
sustain than their electric power tool
equivalents, and have a greater power-to-weight
ratio, permitting a smaller and lighter tool to
achieve the same task.
4
The market size of machinery and equipment
continued to rise each year due to increased
construction and manufacturing activities in the
country during the period FY2011-FY2016. The
auto component industry is the largest consumer
of Pneumatic power tools. This industry is
projected to grow by 8-10 in the next five years
owing to rising component content per vehicle and
demands. The rise in manufacturing of auto
components will stimulate the growth for
Pneumatic tools in the future.
5
For more information on the market research
report please refer to the below
link https//www.kenresearch.com/energy-and-util
ities/power/india-power-tools-market-statistics/46
154-103.html Contact Ken Research Ankur Gupta,
Head Marketing Communications query_at_kenresearch.
com 91-124-4230204
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