Asia-Pacific: Power Tool Market 2025

Power Tool Market Size in Asia-Pacific

The Asia-Pacific power tool market expanded rapidly to $X in 2021, increasing by 9.5% against the previous year. The market value increased at an average annual rate of +4.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Power Tool Production in Asia-Pacific

In value terms, power tool production soared to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.4% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Power Tool Exports

Exports in Asia-Pacific

For the tenth year in a row, Asia-Pacific recorded growth in shipments abroad of power tools, which increased by 10% to X units in 2021. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.1% against 2012 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, power tool exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 95% of total exports in 2021. Malaysia (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the power tools exports, with a CAGR of +7.1% from 2012 to 2021. At the same time, Malaysia (+2.6%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest power tool supplier in Asia-Pacific, comprising 92% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +9.3%.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, jumping by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%).

Power Tool Imports

Imports in Asia-Pacific

Power tool imports soared to X units in 2021, jumping by 38% compared with the previous year's figure. Over the period under review, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.6% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X units) and Australia (X units) represented the main importers of power tools in Asia-Pacific, together mixing up 38% of total imports. It was distantly followed by Japan (X units), Thailand (X units), Singapore (X units), South Korea (X units) and China (X units), together mixing up a 38% share of total imports. Malaysia (X units), Hong Kong SAR (X units), New Zealand (X units), Indonesia (X units), the Philippines (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest power tool importing markets in Asia-Pacific were Australia ($X), Japan ($X) and South Korea ($X), together comprising 53% of total imports. China, India, Indonesia, New Zealand, Thailand, Malaysia, Vietnam, Singapore, the Philippines and Hong Kong SAR lagged somewhat behind, together comprising a further 42%.

In terms of the main importing countries, India, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, falling by -4.9% against the previous year. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by 3.1%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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