Australia Power Tools Market Research Report, 2028

Australia Power Tools Market Research Report, 2028

Actual Market Research 30-01-2023 63 Pages Figures : 5 Tables : 14 Region : Asia-Pacific Country : Australia Category : Manufacturing & Industry Machinery, Parts & Equipment

A power tool is a device that is actuated by a source of power and a mechanism other than the solely manual labour used by hand tools. Internal combustion engines and compressed air are the two most common types of power tools. Other power sources include steam engines, direct combustion of fuels and explosives, such as in powder-actuated devices, and natural power sources such as wind or moving water. The growing automotive industry and the rising adoption of power tools in households as a do-it-yourself trend drive the power tool market (DIY). Drilling and fastening tools, demolition tools, routing tools, sawing and cutting tools, material removal tools, and other tool types are the most common types of power tools. Drilling and fastening tools are used to create holes of various sizes on a job. The primary concerns that are the primary drivers of the Australian power tool market are the enhancement of innovations in the fields of automation and charging technologies such as lithium-ion rechargeable batteries. High maintenance costs, power, and safety concerns, on the other hand, are significant challenges impeding the growth of the power tool market in Australia. According to the research report, "Australia Power Tools Market Research Report, 2028," published by Actual Market Research, the market is anticipated to grow by $0.2 billion in size during the upcoming timeframe. During the forecast period, drilling and fastening tools are expected to account for the largest share of the power tool market by tool type. The market for electric mode of operation tools is expected to grow at the fastest CAGR. Electric tools are plug-and-play, whereas cordless tools are simple to use, efficient, and convenient. End users prefer cordless tools over traditional ones due to their ergonomic benefits. The growing demand for lightweight, portable, flexible, and compact tools, as well as the growing DIY trend among homeowners, is driving the adoption of electric power tools for residential and DIY use. Material removal tools are expected to grow at a faster CAGR during the forecast period. These are end-effectors that are used to remove unwanted material from work pieces in order to achieve the desired shape. Sanders, polishers, buffers, air scalers, and grinders are examples of material removal tools used in industrial and residential applications. These tools are ergonomically designed for the users' comfort and safety. These tools are powered by either electricity or pneumatics. Cordless electric material removal tools are widely used in a variety of industrial applications, driving segment growth. The Australian Competition and Consumer Commission (ACCC) announced that it would not oppose Bunnings Group's proposed acquisition of a specialist retail chain in South Australia, a major retailer with a significant market share. In assessing the proposed acquisition and any implications for industry competitiveness, the ACCC discovered that there were still multiple channels available for the retail sale of tools and equipment (specifically, hand and power tools, tool accessories, storage solutions, and outdoor power equipment). Wesfarmers owns the Bunnings Group, which operates 302 hardware stores across Australia. The Independent Hardware Group (IHG), which owns Mitre 10, Home Timber & Hardware, and True Value Hardware, is the only other significant player. specialty retail chains that primarily sell to trade customers. Total Tools is the only chain that operates on a national scale. It operates 81 franchised stores. Sydney Tools, the second-largest chain, is privately owned and operates 32 stores primarily in New South Wales and Victoria, with one store in Queensland. The other chains can only have one state. Trade Tools (with 18 stores in Queensland), Toolmart (12 stores in Western Australia), and Adelaide Tools (with five stores in South Australia) are among them. The ACCC also discovered that, while many retailers had an online presence, online sales represented only a small portion of total retail sales. While retail concentration in Australia is high, there are a number of independent distributors selling hand and power tools, tool accessories, storage solutions, and outdoor equipment through trade and DIY customer channels. There is a diverse range of local and small hardware and power tool stores, as well as large corporate brands, in Australia. Bunnings Warehouse, Mitre 10, Home Timber & Hardware, Total Tools, F & K Power Tools, Just Tools, Sydney Tools, and many more are among the best local power tool stores in Australia. The increasing popularity of cordless power tools in Australia is due to their versatility and convenience. Brands like Makita, DeWalt, and Milwaukee have launched new cordless tool platforms with increased power and runtime, making them more suitable for heavy-duty applications. The integration of technology into power tools is another major trend. Brands like Bosch have launched tools that can connect to smartphones or other devices through Bluetooth, allowing users to access real-time tool data, customize settings, and receive firmware updates. Brushless motors are becoming increasingly popular in power tools, offering improved efficiency, longer lifespan, and greater power output compared to traditional brushed motors. Brands such as Makita and DeWalt have extensive ranges of brushless power tools available in Australia. Another trend in power tool development is the focus on ergonomic design, with many brands introducing tools that are lighter, more compact, and have better grip and balance, making them easier to use for extended periods. Australia has a thriving start-up ecosystem, and the power tools sector is no exception. Here are a few start-ups in the power tools industry in Australia that are worth mentioning: • Makita Australia: Makita Australia is a subsidiary of the global power tool manufacturer, Makita Corporation. The company offers a wide range of power tools and accessories, with a focus on innovation and quality. • TTI Australia: TTI Australia is a subsidiary of the global power tool manufacturer, Techtronic Industries. The company offers a wide range of power tools and accessories under the brands of Ryobi, Homelite, and Milwaukee, and has a focus on innovation and affordability. • Hilti Australia: Hilti Australia is a subsidiary of the global power tool manufacturer, Hilti Group. The company offers a wide range of tools and services for the construction and building industries, with a focus on innovation and reliability. • Get Tools Direct: Get Tools Direct is an online retailer of power tools and accessories in Australia. The company offers a wide range of tools from leading brands at competitive prices, and has a focus on customer service and convenience. Considered in this report • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Australia Power Tools market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Tools Type: • Drilling and Fastening Tools • Demolition Tools • Sawing and Cutting Tools • Material Removal Tools • Routing Tools • Others By Mode of Operation: • Electric • Pneumatic • Others (Hydraulic) By Application Type: • Industrial • Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Power Tools industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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