The Saudi Arabia power tools market demonstrates robust growth, driven by the diverse applications and advantages offered by these tools. With motors powered by electricity, compressed air, or internal combustion, power tools enhance efficiency across drilling, cutting, and polishing tasks. Their pivotal role spans industrial and residential settings, elevating accuracy, productivity, and work ease. Particularly vital in the construction and automotive sectors, power tools amplify production capabilities. Their compact, portable design, along with cordless battery-operated variants, grants flexibility and convenience. The market's trajectory is set by the convergence of innovation and industry needs, fostering its expansion.
According to Data Bridge Market Research, 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.
“Surge in infrastructure projects drive the market growth”
The surge in infrastructure projects acts as a significant driver for the Saudi Arabia power tools market. The country's robust investments in construction, real estate, and infrastructure development drive the demand for power tools across various sectors. From residential complexes to commercial spaces and transportation networks, these projects necessitate efficient and versatile power tools for tasks such as drilling, cutting, and fastening. This escalating demand aligns power tool manufacturers and suppliers with opportunities to cater to the burgeoning construction landscape, fostering growth and expansion in the market.
What restraints the growth of Saudi Arabia power tools market?
“Preference for lightweight power tools”
The preference for lightweight power tools serves as a restraint on the Saudi Arabia power tools market. While lightweight tools offer convenience and ease of use, they may lack the necessary robustness for heavy-duty applications commonly found in industries like construction and manufacturing. This limitation can hinder the adoption of lightweight power tools in sectors requiring more durability and power. As a result, the market may face challenges in catering to the diverse range of industrial demands, impacting its growth potential within specific sectors.
Segmentation: Saudi Arabia Power Tools Market
The Saudi Arabia power tools market is segmented into seven notable segments based on 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.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/saudi-arabia-power-tools-market
Recent Developments in Saudi Arabia Power Tools Market
- In February 2022, Robert Bosch GmbH unveiled the GBH 18V-28 DC Professional 18V rotary hammer, setting new benchmarks with its cordless power and superior performance, surpassing corded alternatives. This innovative addition bolsters Bosch's product array, augmenting appeal in the cordless power tool segment. The advanced technology not only diversifies offerings but also attracts customers, fortifying the company's competitive stance in the market.
- In December 2021, Makita Corporation completed the Makita China Plant, a strategic expansion to enhance cordless product supply and meet escalating global demand. This pivotal development propels Makita's capabilities in catering to the growing market appetite for cordless tools. By bolstering production, the company strengthens its market presence, solidifying sales growth and reinforcing its position as a key player in the industry.
The Prominent Key Players Operating in the Saudi Arabia Power Tools Market Include:
- Stanley Black & Decker, Inc. (U.S.)
- Makita Corporation (Japan)
- Hilti Corporation (Liechtenstein)
- Robert Bosch GmbH (Germany)
- TOKU PNEUMATIC CO., LTD. (Japan)
- 3M (United States)
- Chicago Pneumatic (U.S.)
- Panasonic Corporation (Japan)
- Techtronic Industries Co., Ltd. (Hong Kong)
- Atlas Copco AB (Sweden)
- Metabo (Germany)
- Koki Holdings Co., Ltd. (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of Saudi Arabia power tools market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Saudi Arabia Power Tools Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
