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The India power tool accessories market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Power tools are used in different industries for production, assembling, packaging, and maintenance purposes. They can be customized with accessories, such as clamps or small blades, depending on the requirement of users. These accessories increase efficiency, improve performance, and provide superior strength and durability to power tools. At present, several manufacturers in India are offering a vast range of accessories that enable power tools to operate in extreme conditions. They include drill presses, nibblers, planers, rebar and cable cutters, rotary hammers, routers, jackhammer, chipping hammers, chainsaw, grinder, impact wrench, and circular saw.
Power tools are utilized during construction to perform strenuous manual work like drilling, grinding, and cutting hard materials. This, in confluence with the growing demand for constructing office spaces, hotels, retail, and entertainment units on account of rapid urbanization and increasing population, represents one of the key factors influencing the market positively in India. Additionally, the Government of India is undertaking numerous projects that focus on the construction of shopping complexes, real estate, schools, healthcare and industrial infrastructure, and water supply and sewage treatment systems. This is offering lucrative growth opportunities to market players operating in the country. Apart from this, power tool accessories are employed in the aerospace industry for surface coating and maintenance. This, along with the escalating demand for improving proficiency, operational efficiency, and profitability of the aircraft, is contributing to market growth. Furthermore, rising sales of passenger vehicles on account of inflating income levels is driving the application of power tool accessories in the automotive industry. Besides this, manufacturers operating in India are introducing compact and portable power tools, such as angle grinders, heat guns, and impact wrenches, for non-professional uses in home repair and maintenance work. These innovations are projected to impel the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the India power tool accessories market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on type, application and end-use sector.
Breakup by Type:
Breakup by Application:
Breakup by End-Use Sector:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Application, End-Use Sector, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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