The United Kingdom power tools market size reached US$ 1.16 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.45 Billion by 2028, exhibiting a growth rate (CAGR) of 4.0% during 2023-2028. Rapid technological advancements, the introduction of new product variants with innovative features and functionalities, growing demand for efficiency and productivity across various industries, and increasing adoption of do-it-yourself (DIY) projects represent some of the key factors driving the market.
Power tools are constructed using a combination of durable materials, advanced engineering, and electrical or pneumatic systems. The main components of power tools typically include a motor, a power source (such as electricity or compressed air), a gearbox or transmission mechanism, and a variety of specialized attachments or accessories. When activated, the motor converts the input energy into rotational motion, which is then transmitted to the tool's working end through the gearbox or transmission. This allows the tool to perform a wide range of functions, such as cutting, drilling, sanding, or shaping materials, with enhanced speed and accuracy. Power tools offer numerous advantages, including increased productivity, reduced labor, and enhanced precision compared to manual tools. They enable users to tackle tasks with greater ease and efficiency, saving time and effort. Furthermore, they come in various types to cater to different applications. Some of the common variants include drills, saws, sanders, grinders, and nail guns, among others. Each type is designed with specific features and functionalities to address various needs in construction, woodworking, metalworking, and other industries.
United Kingdom Power Tools Market Trends:
The United Kingdom power tools market is primarily favored by several key factors, including rapid technological advancements and the introduction of new product variants with innovative features and functionalities to enhance performance and user experience. Moreover, the growing demand for efficiency and productivity across various industries, such as construction, automotive, and manufacturing, and the increasing adoption of do-it-yourself (DIY) projects and home improvement activities by homeowners are contributing to the market growth. Furthermore, favorable government initiatives and regulations promoting sustainable practices and energy-efficient tools are encouraging a gradual shift towards environmentally friendly power tools, which, in turn, is creating a positive outlook for the market. Furthermore, the rapid expansion of e-commerce platforms and online retailing, and the expanding construction industry are propelling the market growth. Other factors, such as the emergence of cordless power tools with improved battery technology and portability and the availability of a wide range of power tool accessories and attachments, are contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the United Kingdom power tools market, along with forecasts at the country levels from 2023-2028. Our report has categorized the market based on product type.
Product Type Insights:
- Drill Bits
- Circular Saw Blades
- Coated Abrasives
- Screwdriver Bits, Holders & Accessories
- Diamond Drilling & Cutting
- Reciprocating Saw Blades
- Cutting & Grinding Discs
- Tool Chucks
- Jigsaw Blades
- Points & Chisels
- Wire Brushes
- Multi-Tool Blades
The report has provided a detailed breakup and analysis of the United Kingdom power tools market based on the product type. This includes drill bits, circular saw blades, coated abrasives, screwdriver bits, holders & accessories, diamond drilling & cutting, reciprocating saw blades, cutting & grinding discs, tool chucks, jigsaw blades, points & chisels, wire brushes, multi-tool blades, and others. According to the report, drill bits represented the largest segment.
The report has also provided a comprehensive analysis of the competitive landscape in the United Kingdom power tools market. Detailed profiles of all major companies have been provided.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|Product Types Covered
||Drill Bits, Circular Saw Blades, Coated Abrasives, Screwdriver Bits, Holders & Accessories,Diamond Drilling & Cutting, Reciprocating Saw Blades, Cutting & Grinding Discs, Tool Chucks, Jigsaw Blades, Points & Chisels, Wire Brushes, Multi-Tool Blades, Others
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|Report Price and Purchase Option
||Single User License: US$ 2699
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Corporate License: US$ 4699
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the United Kingdom power tools market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the United Kingdom power tools market?
- What is the impact of each driver, restraint, and opportunity on the United Kingdom power tools market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the United Kingdom power tools market?
- What is the competitive structure of the United Kingdom power tools market?
- Who are the key players/companies in the United Kingdom power tools market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United Kingdom power tools market from 2017-2028
- The research study provides the latest information on the market drivers, challenges, and opportunities in the United Kingdom power tools market.
- The study maps the leading, as well as the fastest-growing, regional markets.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United Kingdom power tools industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.