市場調査レポート
商品コード
1543607
インドの電動工具市場:工具タイプ別、用途別、携帯性別、エンドユーザー別、販売チャネル別、地域別、機会、予測、2018年~2032年India Power Tools Market Assessment, By Tool Type, By Application, By Portability, By End-user, By Sales Channel, By Region, Opportunities and Forecast, FY2018-FY2032 |
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インドの電動工具市場:工具タイプ別、用途別、携帯性別、エンドユーザー別、販売チャネル別、地域別、機会、予測、2018年~2032年 |
出版日: 2024年08月29日
発行: Market Xcel - Markets and Data
ページ情報: 英文 143 Pages
納期: 3~5営業日
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インドの電動工具の市場規模は、2025年~2032年の予測期間中に6.90%のCAGRで拡大し、2024年の20億3,000万米ドルから2032年には34億6,000万米ドルに成長すると予測されています。急速な産業成長、自動車事業の拡大、近代的製造業を伴う新興アジア経済が、この地域市場を形成すると予想されます。人工知能と機械学習を統合した革新的な電動工具は、インドの手工具・電動工具業界に付加価値を与えると予想されます。さらに、eコマース・プラットフォームの普及率の上昇、世界の電動工具大手の市場参入、ローカライズされた技術が市場の成長を促進すると予想されます。
携帯性、扱いやすさ、便利な設計により、コードレス電動工具が人気を集めています。性能が向上したバッテリー技術、特に建設分野での電動工具の需要は、インド政府が行っている大規模なインフラ投資が原動力となっています。インドは世界でも有数の建設市場となり、さまざまな電動工具が使用されるようになると予想されます。DIYの動向は、コロナウイルスの流行によって加速し、多くの消費者が住宅改修に参加するようになったため、個人家庭からの電動工具の需要が増加し、市場の成長率が高まっています。電動工具とモノのインターネット(IoT)の統合は、より正確でデータ主導の結果をもたらしています。
インドの電動工具市場は、顧客の好き嫌いや購入時の価格変動によって変化が起きています。市場は現在、その性能の高さからリチウムイオンバッテリーが支配的ですが、よりコスト効率が高く環境にも配慮したニッケル水素(NiMH)やニッケルカドミウム(NiCd)が市場を牽引しています。リチウムイオン電池の人気は、その高いエネルギー密度、軽量、低い自己放電率に起因しています。その結果、Ni-Cd電池やNi-MH電池よりも動作寿命が長く、メンテナンスも少なくて済むため、多くのメーカーやユーザーから人気を集めています。しかし、特に穴あけ、サンディング、切断などの特定の用途では、Ni-MHやNi-CDバッテリーへの需要のシフトが見られます。
当レポートでは、インドの電動工具市場について調査し、市場の概要とともに、工具タイプ別、用途別、携帯性別、エンドユーザー別、販売チャネル別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。
India power tools market is projected to witness a CAGR of 6.90% during the forecast period FY2025-FY2032, growing from USD 2.03 billion in FY2024 to USD 3.46 billion in FY2032. The emerging Asian economy with rapid industrial growth, expanding automotive operations, and modern manufacturing are expected to shape the regional market. The innovative power tools with the integration of artificial intelligence and machine learning are anticipated to add value to the Indian hand and power tools industry. Furthermore, the higher penetration of e-commerce platforms, global power tool giants entering market, and localized technology are anticipated to garner market growth.
Due to its portability, easy to handle, and convenient designs, cordless power tools are gaining traction. Enhanced battery technology with longer performance, demand for power tools especially in the construction sector is driven by significant infrastructure investments being made by the Indian government. It is expected that India will be among the top construction markets around the world leading to the use of various types of power tools. The DIY trend has been hastened by corona virus pandemic, attracting many consumers to take part in home improvements, hence increasing demand for these tools from individual households increasing market growth rate. The integration of power tools with internet of things (IoT) is delivering more precise and data driven results. For instance, in August 2024, Hilti India Pvt. Ltd. launched Data Driven Services (DDS) platform that leverages the Internet of Things (IoT) technology to enhance tool management. The DDS platform offers a virtual customer service center that monitors the battery health of real-time and cordless tools.
Evolution of Power Tool Battery Technology to Fuel Market Growth
India power tools market is experiencing a change according to the likes and dislikes of customers and price fluctuation during purchase. The market is currently being dominated by lithium-ion batteries owing to their heightened performance, but these are being led out by Nickel-metal hydride (NiMH) and Nickel-cadmium (NiCd) which are more cost-effective and environmentally conscious. The popularity of lithium-ion batteries has been attributed to their high energy density, light weight, and low self-discharge rates. Consequently, it translates into longer operational lives and less maintenance than Ni-Cd and Ni-MH batteries, which make them popular among most manufacturers and users alike. However, there is a shift in demand towards Ni-MH and Ni-CD batteries especially for certain applications such as drilling, sanding, and cutting. For instance, some applications are characterized by units based on Ni-MH as they have proven themselves with excellent longevity and provide reasonable prices for their performance, they are suitable for certain types of power tools particularly in those areas that are defined with low-income consumers.
For instance, in November 2023, Robert Bosch GmbH launched a new ProCare18V+ cordless power tool battery, engineered with tables 21700 Li-ion cells. These cells are deal for all drilling and screw driving applications where a lower weight comes in handy. The batteries are much lighter and up to 39% more compact than comparable batteries of its class.
Major Automotive Applications and EV Adoption to Fuel Market Growth
The automotive manufacturing sector is a primary driver of power tool demand. Tools such as electric drills, impact wrenches, and screwdrivers are essential for assembly lines, where precision and speed are crucial. The increasing production of passenger vehicles, especially due to the rising middle class and demand for personal transportation, is propelling the need for efficient power tools in manufacturing processes. With the rise of electric vehicles in India, there is a growing need for specialized power tools to assemble EV components, such as battery packs and electric drivetrains. The shift towards EVs is expected to further boost the power tools market as manufacturers adapt to new technologies and production methods. There is a noticeable shift towards cordless power tools in the automotive sector due to their portability and ease of use, making them ideal for both manufacturing and repair applications. The automotive and EV manufacturing hubs are adopting new cutting and shredding technology.
For instance, in June 2023, Hyundai Corporation Holdings Co. Ltd., Korea and Sparc Electrex Limited are in negotiations to enter into an exclusive license agreement that will allow the company to use the HYUNDAI trademark for the development, production, and sale of power tools and accessories in India.
Rapid Industrial Growth to Garner New Ventures
The industrial segment holds the dominating portion of the market with increasing vehicle production and demand for assembly and maintenance effective tools. Power tools such as electric drills, impact wrenches, and pneumatic tools are required during the manufacturing processes, particularly in vehicle assemblage and repair services. The aerospace segment in India is thriving on huge government initiatives and rising investments. One such sector includes specialized aircraft assembly and maintenance power tools, for which high precision and reliability are required. The industrial end-use segment, including automotive and aerospace, is driving new ventures for the India power tools market. The Indian technology giants are investing in power tools ventures.
For example, the Software-as-a-Service (SaaS) company, Zoho Corporation stated in April 2024, that it will be entering the tool manufacturing market through its new company, Karuvi. This venture adds a significant amount to Zoho's current portfolio.
Future Market Scenario (FY2025 - FY2032)
Design and functional advancements, higher demand through automotive manufacturing, and industrial expansion are anticipated to fuel market growth.
E-commerce platforms and power tool giants expanding their operations in the region country is likely to garner market expansion.
New companies investing in power tool ventures and government supportive initiatives such as production-linked incentives (PLIs) are projected to fuel market growth.
Key Players Landscape and Outlook
Many companies are focusing on local manufacturing to reduce costs and improve supply chain efficiency. For instance, Hikoki has established a manufacturing plant in Peenya under the "Make in India" initiative, aiming to increase production capacity and decrease reliance on imports from China and Japan. This strategy helps in cost management and aligns with government policies promoting local production.
Companies are investing in research and development to innovate and diversify their product offerings. For instance, Hikoki plans to introduce new technology tools, such as Multi Volt tools and user-friendly cordless options, to cater to changing consumer preferences. This focus on innovation helps in meeting the specific needs of the Indian market, particularly in terms of lightweight, durable, and efficient tools. Companies are investing in the country, leading to development for expanding manufacturing.
In October 2023, HCL Foundation partnered with Stanley Black & Decker Inc. to skill youth in India to make them suitable for the manufacturing industry. Stanley Black & Decker intends to create training and development centers at two industrial training institutes (ITIs) under government control, ITI Guindy in Chennai and ITI Morwadi in Pune.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.