Report Overview

An increasing number of residential and commercial construction projects and power tools’ reduced noise and vibration are projected to propel the expansion of the India cordless power tool market during the forecast period between 2023 and 2029.

India Cordless Power Tool Market - Industry Trends & Forecast Report, 2029

India cordless power tool market size was estimated at USD 1.06 billion in 2022. During the forecast period between 2023 and 2029, the size of India cordless power tool market is projected to grow at a CAGR of 9.83% reaching a value of USD 2.05 billion by 2029. Major growth drivers for the India cordless power tool market include the growing preference for eco-friendly tools, rising infrastructure projects, and increasing advancing technology. This upward trajectory in the cordless power tool market is further bolstered by the robust expansion of the industrial sector, which leads to increased demand for efficient tools, and the concurrent rise in automotive sales, driving the need for versatile cordless tools in various applications. Notably, an increasing consumer confidence index contributes to consumer investments in quality power tools, while the advent of durable and cost-effective multifunctional cordless power tools caters to diverse needs. The transition in consumer preference towards DIY practices is fostering a greater demand for cordless tools, and the flourishing online retail market makes these tools more accessible. Also, the scarcity of skilled labor and the high expenses associated with hiring professionals for basic services in major Indian cities are expected to create significant opportunities and drive domestic demand for cordless power tools. These factors collectively underscore the dynamic growth and evolving landscape of the cordless power tool market in India.

India Cordless Power Tool Market – Overview

The India cordless power tool market refers to the sector within India's industrial and consumer goods market that deals with cordless power tools. Cordless power tools are handheld or portable devices powered by rechargeable batteries, designed for various applications such as drilling, cutting, fastening, and other mechanical tasks. This market encompasses the production, distribution, and consumption of cordless power tools and related accessories in India. It involves a variety of stakeholders, including manufacturers, distributors, retailers, and consumers, and is influenced by factors like economic conditions, technological advancements, infrastructure projects, consumer preferences, and the environmental consciousness driving the demand for cordless power tools in India.

India Cordless Power Tool Market

Growth Drivers

Increasing Number of Residential and Commercial Construction Projects across India

The surge in cordless power tool adoption is set to propel the Indian power tools market. Cordless tools offer advantages such as portability and reduced weight compared to their corded counterparts. Corded tools, being tethered to power sources, hinder maneuverability and are unusable without electricity, especially in construction. Furthermore, corded tools often necessitate cord replacements due to safety risks posed by faulty cords. For example, Panasonic's October 2022 launch of a compact Cordless Impact Driver addressed this concern. Cordless tools, in contrast, are user-friendly and lightweight, making them a convenient choice. These factors are expected to drive growth in India's power tools market, particularly in the context of increasing residential and commercial construction.

Restraints

Limited Battery Life

Despite the growth of the India cordless power tool market, it faces a notable constraint in the form of limited battery life. While cordless power tools offer exceptional mobility and convenience, their effectiveness is often hindered by the need for frequent recharging or battery replacements. This limitation can lead to interruptions in crucial tasks, causing downtime and productivity issues, especially in commercial and industrial settings. Manufacturers are continually working to improve battery technology, aiming to extend the operational life of cordless tools. Nevertheless, until more long-lasting battery solutions become widespread, the limited battery life remains a significant restraint in the India cordless power tool market.

Impact of COVID-19 on India Cordless Power Tool Market

COVID-19 pandemic adversely affected the multiple sectors in India, including automotive, infrastructure, and manufacturing. The imposition of lockdowns by governments globally led to the temporary closure of factories, severely affecting power tool manufacturing companies. These lockdowns disrupted the supply side of the power tools business, causing a shortage of raw materials due to restricted production across industries and interruptions in the supply chain. Despite these challenges, the India power tools market is anticipated to experience substantial growth in the long term. Market players are actively working to enhance manufacturing activities to meet the rising demand for power tools, indicating resilience and potential for recovery in the face of the pandemic's initial setbacks.

India Cordless Power Tool Market

Segmental Coverage

India Cordless Power Tool Market – By Motor Type

Based on motor type, the India cordless power tool market is bifurcated into Brushed Motor and Brushless Motor segments. The brushed motor segment holds a higher share in the India cordless power tool market by motor type. This prominence can be attributed to the familiarity and affordability of brushed motors, making them a preferred choice for many consumers and industries. Brushed motors are known for their simplicity, reliability, and cost-effectiveness, which align well with the market's diverse demands. While brushless motors offer advantages like higher efficiency and durability, the cost factor often tilts the scales in favor of brushed motors. As a result, they continue to hold a higher share in the Indian cordless power tool market, catering to a wide range of users and applications.

 India Cordless Power Tool Market – By Material Removal Tools

Based on material removal tools, the India cordless power tool market is bifurcated into Sanders and Grinders segments.

India Cordless Power Tool Market – By Tools

Based on tools, the India cordless power tool market is divided into Drills, Saws, Lawn Mower, and Impact Wrench segments. The drills segment holds the highest share in the India cordless power tool market by tools. Drills are essential tools for various applications, including woodworking, metalworking, and construction. As residential and commercial construction projects expand in India, the need for cordless drills grows significantly. These tools offer convenience, mobility, and precision in drilling tasks, making them indispensable for professionals and do-it-yourself enthusiasts. Also, advancements in cordless drill technology, such as improved battery life and enhanced performance, further contribute to their popularity and their leading position in the market.

India Cordless Power Tool Market – By End User

Based on end user, the India cordless power tool market is divided into Industrial, Commercial, and Residential segments. The industrial segment holds the highest share in the India cordless power tool market during the forecast period by end user. Industries such as manufacturing, automotive, and construction rely heavily on cordless power tools for a range of applications, from assembly and fabrication to maintenance and repair. The industrial sector's growing infrastructure projects and production demands necessitate the use of efficient and portable cordless tools. Moreover, the need for precision, mobility, and the ability to operate in remote or challenging environments makes cordless power tools a preferred choice for industrial users. These dynamics position the industrial sector as a key driver of the market's growth.

India Cordless Power Tool Market – By Region

Regionally, the India Cordless Power Tool Market is divided into North India, South India, East India, and West India.

Competitive Landscape

Major players operating in the India cordless power tool market include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll-Rand PLC, Hitachi Ltd., Makita Corporation, Robert Bosch GmbH, Stanley Black and Decker, Apex Tool Group, and Atlas Copco AB. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In February 2023 – DEWALT, a subsidiary of Stanley Black & Decker and a company specializing in jobsite solutions, unveiled the DEWALT 20V MAX* Compact Press Tool (DCE210) tailored for plumbers, pipefitters, and HVACR technicians.

Scope of the Report

By Motor Type

• Brushed Motor

• Brushless Motor

By Material Removal Tools

• Sanders

• Grinders

By Tools

• Drills

• Saws

• Lawn Mower

• Impact Wrench

By End User

• Industrial

• Commercial

• Residential

By Region

• North India

• South India

• East India

• West India