India - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of Power Tools Plummet in India to $16.9/unit Following Two Consecutive Months of Decline
India Power Tool Import Price in May 2023
In May 2023, the power tool price amounted to $16.9 per unit (CIF, India), reducing by -15.8% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in September 2022 an increase of 59% month-to-month. As a result, import price reached the peak level of $22,211 per thousand units. From October 2022 to May 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2022 to May 2023, the rate of growth in terms of prices for China amounted to +2.5% per month.
| COUNTRY | Import Price of Power Tool in India (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| China | 10.8 | 14.6 | 14.8 | 11.0 | 18.2 | 15.1 | 13.5 | 13.9 | 13.3 | 13.5 | 16.3 | 15.6 | 14.5 |
| Average | 14.9 | 19.0 | 17.6 | 13.9 | 22.2 | 19.9 | 16.8 | 17.1 | 16.1 | 19.7 | 21.7 | 20.1 | 16.9 |
India Power Tool Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In May 2023, the product with the highest price was saws for working in the hand, with self-contained electric motor ($38.8 per unit), while the price for in-hand motor grinders, sanders and planers ($15.1 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by electromechanical tools for working in the hand, with self-contained electric motor (+1.8%), while the prices for the other products experienced mixed trend patterns.
India Power Tool Imports
In May 2023, supplies from abroad of power tools increased by 44% to 1M units, rising for the second consecutive month after two months of decline. Over the period under review, imports showed a mild increase. Imports peaked at 1.2M units in August 2022; however, from September 2022 to May 2023, imports stood at a somewhat lower figure.
In value terms, power tool imports skyrocketed to $17M (IndexBox estimates) in May 2023. The total import value increased at an average monthly rate of +2.0% over the period from May 2022 to May 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in December 2022 with an increase of 22% m-o-m. As a result, imports attained the peak of $18M. From January 2023 to May 2023, the growth of imports failed to regain momentum.
India Power Tool Imports by Type
In May 2023, in-hand motor grinders, sanders and planers (765K units) constituted the largest type of power tool supplied to India, accounting for a 75% share of total imports. Moreover, in-hand motor grinders, sanders and planers exceeded the figures recorded for the second-largest type, drills of all kinds for working in the hand, with self-contained electric motor (220K units), threefold.
From May 2022 to May 2023, the average monthly growth rate of the volume of import of in-hand motor grinders, sanders and planers totaled +1.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: drills of all kinds for working in the hand, with self-contained electric motor (+0.5% per month) and saws for working in the hand, with self-contained electric motor (+2.8% per month).
In value terms, in-hand motor grinders, sanders and planers ($12M) constituted the largest type of power tool supplied to India, comprising 67% of total imports. The second position in the ranking was taken by drills of all kinds for working in the hand, with self-contained electric motor ($4.3M), with a 25% share of total imports.
India Power Tool Imports by Country
In May 2023, China (985K units) was the main supplier of power tool to India, accounting for a 96% share of total imports. It was followed by Thailand (16K units), with a 1.5% share of total imports.
From May 2022 to May 2023, the average monthly growth rate of volume from China was relatively modest.
In value terms, China ($14M) constituted the largest supplier of power tool to India, comprising 82% of total imports. The second position in the ranking was held by Thailand ($371K), with a 2.1% share of total imports.
From May 2022 to May 2023, the average monthly rate of growth in terms of value from China amounted to +3.5%.
This report provides an in-depth analysis of the power tool market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241190 -
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
