The increasing awareness of environmental sustainability has become a pivotal factor shaping the features of the power tools market. Manufacturers are responding to the demand for eco-friendly solutions by developing tools with reduced energy consumption and lower emissions. This trend aligns with the global push towards greener technologies. Eco-friendly power tools cater to environmentally conscious consumers and resonate with businesses and industries striving to meet sustainability goals.
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Data Bridge Market Research analyses the Saudi Arabia Power Tools Market is growing with a CAGR of 4.1% in the forecast period of 2022 to 2029 and is expected to reach USD 1,254.83 million by 2029 which was USD 909.86 million in 2021. The flourishing housing and real estate sector in Saudi Arabia is a pivotal driver for the power tools market, fueling heightened demand.
Key Findings of the Study
Increasing urbanization trends is expected to drive the market's growth rate
In Saudi Arabia, the ongoing urbanization trends, characterized by the modernization and development of cities, are significant drivers for the power tools market. As cities expand and infrastructural projects surge, there is an increased demand for power tools in both professional applications, such as construction and maintenance projects, and DIY endeavors. The growing urban landscape necessitates efficient and advanced tools, influencing consumers and professionals to invest in power tools for various tasks. This trend is contributing to a robust market as the nation continues its ambitious development initiatives, positioning power tools as essential assets for construction, renovation, and urban enhancement projects across Saudi Arabia.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022-2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Drilling and Fastening Tools, Chisels, Saw and Saw Blades, Demolition Tools, Material Removal Tools, and Others), Mode of Operation (Pneumatic, Hydraulic, Liquid Fuel Tool, Electric, and Powder-Actuated Tool), Operated (Electricity Operated, and Battery Operated), Application (Woodworking, Concrete and Construction, Metalworking, Welding, and Others), Material (Wood/Metal, Brick/Block, Concrete, Glass, and Others), Sales Channel/Distribution (Online and Offline), End-User (Residential, and Industrial/Professional)
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Market Players Covered
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Stanley Black & Decker, Inc. (U.S.), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Robert Bosch GmbH (Germany), TOKU PNEUMATIC CO., LTD. (Japan), 3M (U.S.), Chicago Pneumatic (U.S.), Panasonic Corporation (Japan), Techtronic Industries Co., Ltd. (Hong Kong), Atlas Copco AB (Sweden), Metabo (Germany), Koki Holdings Co., Ltd. (Japan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Saudi Arabia power tools market is segmented on the basis of type, mode of operation, operated, application, material sales channel/distribution, and end-user.
- On the basis of type, the Saudi Arabia power tools market is segmented into saw and saw blades, drilling and fastening tools, demolition tools, material removal tools, mechanic tools, chisels, and others
- On the basis of mode of operation, the Saudi Arabia power tools market is segmented into pneumatic, hydraulic, liquid fuel tool, electric, and powder-actuated tool
- On the basis of operated, the Saudi Arabia power tools market is segmented into electricity operated, and battery operated
- On the basis of application, the Saudi Arabia power tools market is segmented into woodworking, concrete and construction, metalworking, welding, and others
- On the basis of material, the Saudi Arabia power tools market is segmented into wood/metal, brick/block, concrete, glass, and others
- On the basis of sales channel/distribution, the Saudi Arabia power tools market is segmented into online and offline
- On the basis of end-user, the Saudi Arabia power tools market is segmented into residential and industrial/professional
Major Players
Data Bridge Market Research recognizes the following companies as the major Saudi Arabia power tools market players in Saudi Arabia power tools market are Stanley Black & Decker, Inc. (U.S.), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Robert Bosch GmbH (Germany), TOKU PNEUMATIC CO., LTD. (Japan), 3M (U.S.), Chicago Pneumatic (U.S.), Panasonic Corporation (Japan)
Market Developments
- In February 2022, Robert Bosch GmbH made a significant stride in the power tool industry with the announcement of the GBH 18V-28 DC Professional 18V rotary hammer. This innovative product marked a notable addition to the company's portfolio and showcased advancements that surpassed traditional corded alternatives. The GBH 18V-28 DC Professional not only set new standards in terms of performance but also demonstrated the prowess of cordless technology in power tools. This strategic move is expected to diversify Bosch's product portfolio, attracting customers to the burgeoning cordless power tool segment, thus positioning the company at the forefront of innovation in the industry
- In December 2021, Makita Corporation expanded its global presence by completing the construction of the Makita China Plant. This expansion marked a crucial step in enhancing the company's business operations, particularly in response to the escalating demand for cordless products worldwide. Makita aimed to address the growing market needs for cordless tools by increasing its production capacity, leveraging the completion of the China Plant to improve the supply chain. This strategic decision positions Makita to meet rising global demand and serves to boost sales and strengthen its market position
- In October 2021, Dewalt, a prominent brand under Stanley Black & Decker, made waves in the power tool industry by launching the Dewalt Power Stack 20V MAX compact battery. Representing the next generation in cordless power tools, this innovative battery pack is designed to elevate the performance and versatility of Dewalt's power tool range. The compact nature of the battery enhances portability, providing users with a convenient and efficient power source for a variety of applications. This launch aligns with the industry trend towards more advanced and user-friendly cordless tools, catering to the evolving needs of both professionals and DIY enthusiasts
- In June 2021, Snap-on Incorporated launch a powerful solution to the market with the launch of the CT9010 18V 3/8'' drive brushless cordless impact wrench kit. Specifically designed to handle heavy-duty applications that demand consistent high performance, this impact wrench kit reflects Snap-on's commitment to delivering reliable and efficient tools for professional use. The brushless technology incorporated in the design contributes to increased durability and extended tool life. This launch addresses the growing demand for robust cordless impact tools in industries such as automotive and construction, where reliability and precision are paramount
For more detailed information about the Saudi Arabia power tools market report, click here – https://www.databridgemarketresearch.com/reports/saudi-arabia-power-tools-market
