India Power Tool Market Analysis
Professional power tools will continue to gain traction, and major shift from nickelcadmium to lithium-ion powered tools will create new opportunities for power tools manufacturers in the country.
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However, increasing import of power tools from China may negatively impact market share of domestic and international players in the India power tools market.
The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8 % in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2 % in terms of value share by end of 2016.
Low operational costs and ease-of-use will continue to drive electric power tools segment, which is anticipated to dominate the India power tools market till 2016 end. Pneumatics and others segments are projected to collectively contribute over 46 % in terms of value share to India power tools market in 2016.
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