Pharmaceutical solvents Market to Reach US$ 4.1 Bn in Revenues by 202 dec 17 | Page 4

India Power Tool Market Analysis
ASEAN Automotive Aftermarket Poised to hit US$ 37.7 Bn by 2025, Driven
by Increasing Number of Vehicles in Operation and Robust Sales of
Automotive Aftermarket Components
The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by
end of 2016, and is estimated to reach INR 3,532.8 Crore in terms of revenue.
Growing industrialisation and widespread availability of wide range of power tools
will continue to drive growth of the India power tools market. The markets in South
and North India are estimated to collectively dominate the India market.
Robust development in the industrial sector and growing automotive sales are key
factors driving growth of the India power tools market. Moreover, increasing
consumer confidence index (CCI) in India is projected to play a key role in escalating
demand for power tools in the India market. Emergence of a variety of cost-effective,
durable and multi-functional power tools is anticipated to fuel demand in future. In
addition, shifting consumer behaviour toward DIY hacks is also expected to boost
demand for power tools in India.
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