Robert Bosch GmbH, Makita Corporation, Stanley Black & Decker, Inc. dominated the Saudi Arabia Power Tools Market in 2022

The Saudi Arabia Power Tools Market is expected to grow with a CAGR of 4.1% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below:

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The Saudi Arabia power tools market is a highly fragmented market, which includes several key players and local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the Saudi Arabia power tools market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In February 2022, Robert Bosch GmbH has announced the GBH 18V-28 DC Professional 18V rotary hammer. This new product has set new standards and proved to be more powerful than corded. This will help the company to diversify the product portfolio and attract customers towards the cordless power tool segment

Robert Bosch GmbH is dominating in the Saudi Arabia power tools market. Some of the other players are Stanley Black & Decker, Inc., Makita Corporation, Hilti Corporation, TOKU PNEUMATIC CO., LTD., 3M, Chicago Pneumatic, Panasonic Corporation, Techtronic Industries Co., Ltd., Atlas Copco AB, metabo, and Koki Holdings Co., Ltd., among others.

Saudi Arabia Power Tools MarketRobert Bosch GmbH

The company was founded in 1886 and it’s headquarter is located in Stuttgart, Germany. It has public ownership. The company focuses on providing products, services and technology for various sectors such as industrial technology, consumer goods, energy & building technology, and mobility solutions. Their business segments include mobility solutions, consumer goods, energy & building technology and industrial technology. Amongst which consumer goods is the market-focused segment. Their product categories include power tools, accessories, and measurinjg technology. Amongst which power tools and accessories are the market-focused categories.

  • In January 2022, Robert Bosch GmbH has launched four new cordless drills/drivers for home and garden purposes. This has helped to diversify the portfolio towards residential usage rather than commercial. These new products can attract new customers and helps to accelerate the sales growth

The company has a wide presence in North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The company has various subsidiaries in BSH Hausgeräte (Germany), Dremel (U.S.), Bosch Rexroth (U.S.), Bosch Thermotechnik GmbH (Germany), Bosch Sicherheitssysteme (U.S.) among others.

Makita Corporation

The company was founded in 1915, and its headquarters is located in Honshu, Japan. It has public ownership. The company is focused on the production and sales of electric and cordless power tools among various household and gardening equipment and pneumatic tools. Their business segments include power tools, outdoor power equipment, household & other products and parts, repairs & accessories. The market-focused segments are power tools and outdoor power equipment, household & other products. Their product categories include cordless, drilling/fastening, impact drilling/ demolition, cutting (new material/masonry), cutting (metal), grinding/sanding, sawing, planning/routering, pneumatic tools, outdoor power equipmment, dust extraction/others, and accessories. The market-focused categories are cordless, drilling/ fastening, impact drilling/demolition, cutting (new material, masonry), grinding/sanding, sawing, outdoor power equipment.

  • In April 2017, Makita Corporation established a new office building in New Zealand. The new office building was equipped with a larger warehouse to produce cordless products. The new building has also aided in maintaining the supply of products. The new building aided in increasing the customer base in New Zealand region.

The company has a wide presence in Europe, Asia-Pacific, the Americas, and the Middle East and Africa. The company has various subsidiaries in Makita U.S.A. Inc. (U.S.), Makita (U.K.) Ltd. (U.K.), Makita France SAS (France), Makita LLC (Russia), Makita Co., Ltd. (China) among others.

Stanley Black & Decker, Inc.

The company was established in 1843, with its headquarter in Connecticut, U.S. It has public ownership. The company is engaged in providing tools and innovative solutions for builders and protectors. Their business segments include tools & storage, industrial and security, amongst which tools & storage is the market-focused segment.

Their product categories include Stanley, Dewalt, Black + Decker, Craftsman, Irwin Tools, Porter + Cable, Facom, Lenox, Lista, Stanley Engineered Fastening, Mac Tools, Stanley Security, Vidmar, Bostitch, Stanley Healthcare, Stanley Infrastructure, Sonitrol, Stanley Access Technologies, Proto, AeroScout, Paladin, Pengo, CAM. The market-focused categories are Dewalt, Black + Decker, Craftsman, Porter + Cable, Bostitch.

  • In October 2021, Stanley Black & Decker, Inc. announced a partnership with Eastman to create power tools with a sustainable focus. This partnership will help the company launch new products and offer the first sustainability-led power tools using Tritan Renew copolyester material, reducing fossil-based resources and emissions.

The company has a wide presence in the Americas, Europe, Asia-Pacific, the Middle East and Africa. The company has various subsidiaries such as 3xLogic, Inc. (U.S.), The Stanley Works Pty. Ltd.(Australia), BDB Ferramentas do Brasil Ltda (Brazil), Powers Shanghai Trading Ltd. (China), TUCKER GmbH (Germany), among others.