Canada Power Tools Market Research Report, 2028

Canada Power Tools Market Research Report, 2028

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

Canada has the second-largest power tool market in North America. Construction, aerospace, automotive, shipbuilding, and energy are all industries that use power tools extensively. They are also used by homeowners for a variety of residential applications. Power tool manufacturers and sellers offer a wide range of high-quality power tools for sale in the market. The power tools market is being driven by rising construction activity in emerging economies, high demand for power tools in the automotive industry, and the increasing adoption of battery power tools. In addition to technological advancements, the industry's growth is being fueled by the increasing proliferation of cordless devices that provide easy mobility while requiring no external power source. However, rising demand for household applications and industrial regeneration is expected to boost business growth over the forecast period in the near future. According to the research report, "Canada Power Tools Market Research Report, 2028," published by Actual Market Research, the market is anticipated to grow by $0.7 billion 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. In order to expand its product line, Bostitch entered the Canadian market with both corded and 18-volt cordless power tools. An 18-volt cordless drill/driver, an 18-volt cordless impact driver, a 1/2-inch hammer drill, a 7-1/4-inch circular saw, an orbital jigsaw, a reciprocating saw, a 4-1/2-inch angle grinder, and a 3/8-inch corded drill are all part of this new line of power tools. A 24-position clutch helps prevent fastener stripping, as does the 18-volt lithium-ion 1/2-inch drill/driver kit (BTC400LB). It has a 2-speed high-torque gearbox (0–350/0–1500 RPM) for bit retention and chuck durability. The dual-speed selector switch on the 7A 1/2-in. hammer drill kit (BTE140K) allows users to adjust between 0-1100 and 0-3100 RPM for speed and power. It has a built-in depth rod, a 360-degree side handle, and a metal gear housing. The tool-free blade change and 1-1/8-in. stroke length are two highlights of the 8.5A reciprocating saw kit (BTE360K). Power tool specialty stores in Canada include Atlas Tools Machinery, Direct Tools Canada, Total Tools Canada, Federated Tools, KMS Tools & Equipment, Mississauga Hardware Centre Inc., TEGS Tools & Machinery, HNT Tools, Squares Hardware Inc., Skookum Tools Ltd., thetoolstore.ca, A & A Power Tool Repair, Lee Valley Tools, and many more. Black & Decker Cordless Tools, Bosch Cordless Tools, Craftsman Cordless Tools, DeWalt Cordless Tools, Hitachi Cordless Tools, Kobalt Cordless Tools, Makita Cordless Tools, Mastercraft Cordless Tools, Metabo Cordless Tools, Milwaukee Cordless Tools, Porter-Cable Cordless Tools, Ridgid Cordless Tool, Ryobi Cordless Tools, Skil Cordless Tools, and many more are among the best Cordless Power tools in Canada. Canada is home to 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 Canada that are worth mentioning: • Mastercraft Canada: Mastercraft Canada is a subsidiary of the global power tool manufacturer, Lowe's Companies Inc. The company offers a wide range of power tools and accessories, with a focus on innovation and affordability. • Rona Canada: Rona Canada is a subsidiary of the global home improvement retailer, Lowe's Companies Inc. The company offers a wide range of power tools and accessories, as well as home improvement products, with a focus on customer service and convenience. • Princess Auto: Princess Auto is a Canadian retailer of power tools and accessories. The company offers a wide range of tools from leading brands, as well as its own line of tools, with a focus on affordability and quality. • Canadian Tire: Canadian Tire is a Canadian retailer of power tools and accessories, as well as other automotive and household products. The company offers a wide range of tools from leading brands, as well as its own line of tools, with a focus on innovation and affordability. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada 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.

Read More

Card image cap

Interested in this report?
Get your FREE sample!

Requirement Gathering & Methodology
Data Collection Techniques
Our Research Team & Data Sourcing
Data Science & Analytical Tools
Data Visualization & Presentation Skills
Project/ Report Delivery & After Sales Services