Brazil Power Tools Market Research Report, 2028

Brazil's expanding manufacturing and automotive industries will propel market expansion. Power tool demand is being influenced by rising construction and infrastructure development activities in the region. However, fluctuations in raw material prices and the availability of alternative tools stifle growth to some extent. High-tech tooling equipment advancements, on the other hand, are expected to create lucrative opportunities in the industry. Advances in power tool technology, such as the development of electric power tools and cordless tools, are expected to outperform pneumatic tools. During the forecast period, power tool consumption is expected to rise as a result of these factors. Cordless electric power tools have transformed the automotive, construction, and other industries by reducing the effort and time required for simple tasks like screwing and drilling to more complex tasks like sawing and breaking. According to the research report, "Brazil Power Tools Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add up to $0.22 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. During the forecast period, 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 workpieces 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. Brazil has some of the largest construction projects, including the PetroleoBrasileiroJubarte Offshore Oil Field Development Brazil project, which began construction in Q4 2022. The PetroleoBrasileiroJubarte Offshore Oil Field Development Brazil project was announced in the third quarter of 2017 and is scheduled to be completed in the fourth quarter of 2024.The PetroleoBrasileiro Pre-Salt Submarine Fiber Optic Cable Network Brazil project, worth $965 million, was the second-largest, with construction beginning in Q4 2022. The PetroleoBrasileiro Pre-Salt Submarine Fiber Optic Cable Network Brazil project was announced in Q3 2015 and is expected to be completed in Q4 2023.The third-largest project was the Scala Data Jundiai Data Center in Sao Paulo; the fourth-largest project was the Scala Data Barueri SP5 Data Center in Sao Paulo; and the fifth-largest project was the DER Sao Paulo M BoiMirim Road Duplication in Sao Paulo, with project values of $806 million, $73 million, and $65 million, respectively. The Scala Data Jundiai Data Center Sao Paulo project, located in Jundiai, Brazil, was announced in Q1 2021 and is expected to be completed in Q4 2023; the Scala Data Barueri SP5 Data Center Sao Paulo project, located in Barueri, Brazil, was announced in Q1 2021 and is expected to be completed in Q4 2023; and the DER Sao Paulo M BoiMirim Road Duplication Sao Paulo project, which is located in Sao Paulo (CITY), Brazil, was announced in Q3 2019 and is expected to be completed in Q1 2023. Among the five largest projects, the DER Sao Paulo M BoiMirim Road Duplication Sao Paulo project has the longest completion date, with construction expected to be completed in Q1 2026. The PetroleoBrasileiro Pre-Salt Submarine Fiber Optic Cable Network Brazil project, on the other hand, has the shortest completion date, with construction set to be completed in Q4 2023. As a result, the market for power tools will grow. Desoutter Industrial Tools, which have a broad product portfolio ranging from electrical and pneumatic tightening tools to grinders, battery power tools, and wireless screwdrivers and drills, continue to expand their presence in Brazil to better meet the needs of customers across many industries, including automotive maintenance and production, aerospace, light assemblies, and off-road. The use of resin, as well as ferrous and nonferrous metals such as steel, zinc, copper, brass, aluminium, and nickel, is required in the manufacture of power tools. These tools require batteries, motors, brushes, belts, power cords, and other electronic components. Rising material, component, or finished goods costs may cause manufacturing interruptions, delays, inefficiencies, or the inability to market products. Raw material costs are volatile, resulting in ineffective price management and fluctuating profit margins. Raw material price fluctuations raise the price of power tools and have an impact on sales, limiting the growth of the power tool market. Considered in this report • Geography: Brazil • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Brazil 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.