Africa Power Tools Market

A power tool is a tool operated by an additional power source and mechanism other than solely manual labor similar to hand tools. There are several types of power tools based on the source of power such as electric power operated tools, liquid fuel gas-powered tools, pneumatic power tools, powder-actuated tools, and hydraulic tools. Power tools are used for construction, painting, grinding, sanding, shaping, drilling, household tasks, gardening, etc. As compared to conventional hand tools, power tools are far more sophisticated, efficient, and easier to use. These tools are used in complex and heavy-duty activities where precision and speed are necessary. Power tools find applications in routing, sanding, cutting, drilling, polishing, heating, painting, etc.

Market Dynamics

Increasing demand of power tool in construction and automobile industry is expected to drive the Africa power tools market. Africa as region rapidly growing in construction industry. Majority of the development is housing and public infrastructure. Furthermore, Africa and Asia are regions which contributing the most in the global population. For instance, according to the United Nations (UN), the world population is expected to increase by 20% between 2015 and 2025, with Asia and Africa projected to contribute significantly to this growth, this is expected to further increase in urbanization and related construction activity. Increasing population is another, parameter which is going to contribute in the construction activity and subsequently increase the demand of power tools  

Electric power tool are rapidly increasing over the hand tool this is owing to the availability of 24 hours of power supply. African countries are heavily investing in energy sector to provide electricity to the consumers. Furthermore, demand of electric tool is increasing, to cope with this demand key players are increasing their focus on electric power tools. For instance, the Bosch Power Tools division witnessed a 25% growth in sales of power tools from 2008 to 2012 and is expected to register 18–20% growth by 2015 end.

Market Taxonomy

This report segments the Africa power tools market on the basis of Category, Mode of Operation, End-Use Sector and region. On the basis of Category, the Africa power tools market is segmented into Power Tools and Hand Tools. On the basis of Mode of Operation, the Africa power tools market is segmented into Electric, Pneumatic and Others. On the basis of End-Use Sector, the Africa power tools market is segmented into Industrial and Household. On the basis of region, the Africa power tools market is segmented into Africa and GCC.

Key features of the study:

• This report provides an in-depth analysis of the Africa power tools market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the Africa power tools market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Africa power tools market are Stanley Black & Decker, Inc., SKF, Atlas Copco AB, Hitachi Koki Co. Ltd, Robert Bosch GmbH, Snap-on Incorporated, Techtronic Industries Company Limited, Makita Corporation, and Danaher Corporation.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The Africa power tools market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Africa power tools market.

Detailed Segmentation:

• Africa Power Tools Market, By Category:
• Power Tools
• Hand Tools
• Africa Power Tools Market, By Mode of Operation:
• Electric
• Pneumatic
• Others
• Africa Power Tools Market, By End-Use Sector:
• Industrial
• Household
• Africa Power Tools Market, By Region:
• Africa
• GCC
• Company Profiles
• Stanley Black & Decker, Inc.*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• SKF
• Atlas Copco AB
• Hitachi Koki Co. Ltd
• Robert Bosch GmbH
• Snap-on Incorporated
• Techtronic Industries Company Limited
• Makita Corporation
• Danaher Corporation

*Browse all the market data tables and figures on “Africa Power Tools Market- Forecast to 2027”