International Players Will Continue Their Dominance in the Indonesian Power Tools Market: Ken Research
GURUGRAM, India, April 4, 2019 /PRNewswire/ -- The growth in the construction industry, which is a major end user for power tools in Indonesia, will drive the demand for power tools in the country. The upcoming government in 2019 is expected to continue the development work
Shortage of affordable and skilled manpower for maintenance works is expected to drive the Do-it-yourself trend in the country, which, in turn, will positively augment the retail demand for power tools such as drill bits, nail gun, circular saw and sawzall blades.
The competition is expected to increase in future as more players enter the market. It is expected that companies gaining an edge in IoT will be benefitted the most.
The future outlook of Indonesia power tool industry is positive and the industry is estimated to grow at a positive CAGR during 2018- 2023. The market share of online sales is expected to double in this period. This is because companies are expanding to online sales as a channel of distribution so as to achieve greater market penetration. The market for cordless power tools is expected to increase in the coming years with the increase in consumer knowledge about usage and safety of the cordless power tools as compared to the corded tools. The growth in the automobile industry is also expected to increase the demand for cordless power tools. Moreover, the Indonesian government is trying to speed up infrastructure development across the Indonesian nation. A large number of development projects such as Patimbang Seaport Project, The 500KV Sumatera Transmission, Central-West Java Transmission Line 500kV, PLTU Indramayu, Batang Power Plant/Central Java Power Plant, Manado-Bitung Toll Road, Serang-Panimbang Toll Road, Yogyakarta-Bawen Toll Road and Probolinggo-Banyuwangi Toll Road are expected to further augment the demand power tools in the future.
Grinders and drills which are the largest segment in the electric power tools will continue their dominance in the future. It will be largely driven by small scale contractors in operation and maintenance, construction and DIY category. These are medium priced category and are the main reason for the dominance of Makita and Bosch in the country.
Analysts at Ken Research in their latest publication "Indonesia Power Tools Market Outlook to 2023- By Type of Technology (Electric Power Tools, Pneumatic Power Tools and Hydraulic Power Tools) By Channel of Distribution (Dealer Network, Direct Sales and Online Sales) and By Region (Java, Sumatra, Kalimantan, Sulawesi and Others)" observed that adopting a hybrid approach of distribution, identifying the opportunities in the DIY segment, tracking upcoming government and private construction projects, providing incentives to dealers, creating awareness about power tools and their uses, diversification of product line for cordless power tools and promoting local manufacturing in the country will aid the manufacturers of power tools in Indonesia to grow and achieve higher profits.
Key Segments Covered
Power Tools Market Segmentation
By Type of Technology
- Electric Power Tools
- Pneumatic Power Tools
- Hydraulic Power Tools
By Channel of Distribution
- Dealer Network
- Direct Sales
- Online Sales
By Region
- Java
- Sumatra
- Kalimanthan
- Sulawesi
- Others
Electric Power Tools Market Segmentation
By Product
- Electric Grinders
- Electric Drills
- Electric Saws
- Electric Hammers
- Others
By Corded and Cordless Tools
- Corded Tools
- Cordless Tools
By Application
- Construction industry
- Manufacturing industry
- Others
By Price Category
- Premium Priced Category
- Medium Priced Category
- Lower Priced Category
Key Target Audience
- Construction Companies
- Real Estate Developers
- Infrastructure Engineering, Procurement and Construction Contractors
- Manufacturing Companies
- Private Equity Ventures
Time Period Captured in the Report:
- 2013-2018 – Historical Period
- 2019-2023 – Future Forecast
Companies Covered:
Power Tools Companies:
Makita, Bosch, Hilti, Hitachi, Stanley Black and Decker
For more information on the market research report please refer to the link below:
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Ankur Gupta
Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249
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