South America Power Tools Market – Size, Trends and Forecast (2024

South America Power Tools Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The growth of smart technologies and development of low-cost and energy-efficient tools boost the power tools market. Power tools are primarily used in manufacturing and construction industry that is actuated by an additional power source and mechanism other than solely manual labour used with hand tools. These tools are operated by several operations such as drilling, sanding and other tools such as screw driving. This power tool is one of the primary equipment in the construction industry.

South America Power Tools Market Segments Size & Growth:

South America power tools market is valued at $XX Billion in 2017 and is estimated to reach $XX Billion by 2024 at a CAGR of around XX%. The key growth factors driving the market include constantly growing construction industry in emerging economies, increasing the need for automation, increasing global sales for commercial vehicles and rising adoption of high-density lithium-ion batteries for charging cordless power tools. However, high maintenance cost and human safety concerns are hampering the market growth.

South America Power Tools Market Segments Share:

South America power tools market is classified into the mode of operation, tool type, end user, and geography. Based on the mode of operation, the market is categorised into electric tools, pneumatic tools, and others among which electric tools are sub-segmented into corded tools and cordless tools. Electric power tools segment is accounted for more than 71% of the total market share. In which corded

South America Power Tools Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

tools are the dominated tools in the market. Owing to the improvement in batteries due to the strong replacement of Ni-Cd batteries with Li-Ion batteries and increasing adoption of cordless tools help the market for cordless tools to grow at a higher rate.

Based on tool type, the market is categorised into drilling & fastening tools and demolition tools among which drilling & fastening is sub-segmented into drills, impact drivers, impact wrenches, screwdrivers, and nut runners. Demolition tools are subcategorised into rotary hammers, sawing & cutting tools, material removal tools, and routing tools. Among which drilling and fastening tools holding to the largest market share among all other tool types in the power tools market and is likely to continue during the forecast period. Drilling and fastening tools are used in various industries, which includes automotive, aerospace, electronics, and consumer appliances, energy, and shipbuilding owing to which the market is experiencing substantial growth.

Based on the end user, the market is segmented into automotive, aerospace, residential, construction, and others. Construction is the largest shareholder in the market. The construction industry is majorly dependent on power tools. They are utilised for various construction applications, which includes drilling, driving, demolition, concrete cutting, and polishing. The growing construction activities in countries such as the US, China, and India, demand technologically advanced and innovative power tools, thereby driving the market growth.

Geographically, the market is segmented into regions of Brazil,

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South America Power Tools Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Argentina and others. The electricity sector in Argentina constitutes around third largest power market in South America leading the power tools market in this region.

South America Power Tools Market Trends:

The shift towards cordless power tools.
Battery switches and product developments.

South America Power Tools Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players are

Atlas Copco India Ltd
Apex tool group
Stanley Black & Decker Inc.
Snap-on Inc.
Robert Bosch GmBH

Along with these companies, there were many other companies considered/cited in the report while analysing the South America Power Tools market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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