Global 6Wresearch Market Reports

  India Power Tools Market Synopsis India Power Tools Market  is anticipated to witness notable growth during the forecast period. A rapid shift in consumer preference from hand tools to power tools on account of several factors such as better durability, precision, performance, and convenience has resulted in significant demand for power tools in recent years. The majority of the demand for power tools in the Indian market could be witnessed in verticals such as construction, industrial, and transportation. Although international brands namely Bosch, Stanley, and Makita emerged as the key players in the market, the Chinese power tools are being highly preferred by price-sensitive consumers across the small-scale industries, residential sector, and DIY consumer segment. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth. According to ...

India Power Tools Market Overview India Power Tools Market  is expected to gain momentum during the upcoming year on account of growing automation requirements across different verticals. Power tools offer certain key features such as durability, precision, better performance, and time efficiency. India power tools market revenues are further driven by surging demand for these tools majorly across construction, industrial, and automotive segments. Although, international brands including Bosch, Stanley, and Makita are the key players in the Power Tools market in India, however, locally manufactured products are preferred by price-sensitive consumer segments such as DIY (do-it-yourself) and residential users. The India Power Tools Market Growth is also driven by the factors such as the unavailability of skilled labor and the high cost associated with it. According to 6Wresearch, India power tools market size is projected to grow at a CAGR of over 8.4% during 2018-2024. Surging deman...