Japan Power Tools Market Research Report, 2028

Japan Power Tools Market Research Report, 2028

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

Japan ranks among the top five countries in the global power tool market. Japan's growing manufacturing and automotive industries will drive market growth. Growing construction and infrastructure development activities in the country are important factors influencing power tool demand. Significant growth in end-use industries such as automotive, construction, and aerospace is expected to drive market demand. Power tool technology advancements, such as the development of electric power tools and cordless tools, are expected to provide superior performance over pneumatic tools. Power tool consumption is expected to rise as a result of these factors during the forecast period. Cordless electric power tools have revolutionized the automotive, construction, and other industries by reducing the effort and time required for simple operations such as screwing and drilling to more complex operations such as sawing and breaking. According to the research report, “Japan Power Tools Market Research Report, 2028”published by Actual Market Research, the market is anticipated to add up to 1.35 Billion market 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. When it comes to power tools, Japan is a powerhouse. Brands like Milwaukee and Dewalt may be household names in the U.S., but don’t downplay Japanese brands when it comes to quality and reliability. Metabo HPT (formerly Hitachi) is not the same as Metabo. They are two distinct brands, despite being owned by the same investment company, KKR. Hitachi (now Metabo HPT) has a long and rich history, dating back to 1910 when the company was founded as Japan’s first manufacturer of electric motors. Hitachi soon began producing power tools, and by the 1960s, it had become a leading supplier of portable electric power tools to the global market. They rebranded since then and had their name changed from Hitachi to Metabo HPT in 2018. Ryobi, Ryobi initially started as a Japanese brand that specializes in making products and equipment that are used for electronics, telecommunication services, automobiles, printing equipment and hardware. Ryobi was established in 1943 by Yutaka Urakami in Fuchu, Hiroshima, and his hometown. In 1968, they expanded into power tools. Since then, Ryobi has taken a large step in growing its market. Ryobi is currently owned by Techtronic Industries, the same company that owns Milwaukee Tools. Even though the latter is designed for professional use, Ryobi products fit the needs of DIYers better. Makita, Although Makita is sold in many parts of the USA, it originally came from Nagoya, Japan. Makita, which was previously known as Makita Electric Works, was founded in 1915 by Mosaburo Makita. He began retailing lighting equipment and transformers while also repairing them. The first product in his business was an electric hand plane. As years passed, Makita evolved its product line by adding portable power tools, which they later exported globally. Today Makita Power tools can be found in several locations including France, the United Kingdom, Australia, Canada, USA, Switzerland, Russia, China, Thailand, Hong Kong, and many other countries. Makita’s power tool collection consists of sanders, hammers, routers, cutting saws, angle grinders, impact drivers, and many others, which are all power tools designed for carpentry and woodworking. Among all these, Makita highlights its cordless tool choices, featuring 18-volt single-voltage power tools. Panasonic power tools are fabulous in Japan. They run smoothly, have an excellent power-to-weight ratio, and have very good batteries that hold their charge for a very long time. Rising construction activity propels the construction industry forward. Rising population in developed and developing countries, rapid urbanisation, and an increase in the number of residential and commercial construction projects all contribute to the need for advanced infrastructure development. Infrastructure development projects include roads, railways, airports, energy, utilities, and commercial and residential buildings. On construction sites, power tools such as cordless drills, demolition Jackhammers, circular saws, jigsaws, and reciprocation saws are commonly used because drilling, demolition of stones or concrete bricks, and other tasks necessitate the use of specialized and powerful tools. Cutting wood and screwing it together for industrial and residential construction projects. Power tool manufacturing necessitates the use of resin as well as ferrous and nonferrous metals such as steel, zinc, copper, brass, aluminum, and nickel. Other components required for these tools include batteries, motors, brushes, belts, power cords, and other electronic components. The rising cost of materials, component parts, or finished goods may cause manufacturing interruptions, delays, inefficiencies, or the inability to market products. The widely fluctuating raw material costs also result in ineffective price management and fluctuating profit margins. These fluctuations in raw material prices increase the price of power tools and have an impact on sales, limiting the growth of the power tools market. Considered in this report • Geography: Japan • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Japan 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