Saudi Arabia Power Tools Market Research Report, 2028

Saudi Arabia Power Tools Market Research Report, 2028

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

The power tools market in Saudi Arabia is expected to expand during the forecast period. The expansion of cordless power tools is expected to be a major driver of the Saudi Arabia power tools market. One of the major factors expected to boost market growth is the expansion of infrastructure projects in Saudi Arabia. However, the high cost of power tool maintenance may be a major market constraint. Power tools made available on an e-commerce platform may create significant market opportunities, and one of the market challenges may be designing ergonomic and lightweight power tools. Power tools are tools that require additional power sources to run their mechanism and include a motor to power their operation. These motors can be powered by fuel, electricity, compressed air, or internal combustion. Drilling, demolition, cutting and sawing, material removal, polishing, and other operations are performed with these power tools. These operations necessitate the use of various tools such as drills, hammers, jigsaws, and sanders. These power tools are used in industrial and residential settings to make users' jobs easier. They provide greater accuracy, ease of use, and productivity. When using power tools, the work becomes easier and faster. These tools are primarily used for concrete, wood, and metalwork in the construction and automobile industries. Power tools help these industries increase their production capacity. Power tools are small in size and easy to transport. The use of cordless power tools that run on batteries has made work more flexible. According to the research report, “Saudi Arabia Power Tools Market Research Report, 2028”published by Actual Market Research, the market is anticipated to add up to 0.28 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 tools 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 tools 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. MHF Metabo Trading Power Tools, Albawardi Tools & Hardware, House of Tools & Machinery Company, Mimar for construction tools and trading Ltd., Makita victor rubio, Bosh, Riyadh tools trading est, and many more are among the power tools suppliers in Saudi Arabia. The Middle East region is recording immense opportunities in the power tools industry, wherein Turkey and Iran posted the highest market revenues. In the GCC region, Saudi Arabia and UAE recorded the highest market revenue share. The power tools industry is predominantly driven by growth in the construction sector, followed by the manufacturing and automotive sectors. During 2014-16, several Middle East countries particularly, Saudi Arabia recorded a decline in economic growth, affecting the overall construction sector. This decrease in economic growth was primarily due to a decline in oil prices, however, post-2017, countries reported uplifted growth as a result of an increasing number of construction project contracts. Additionally, infrastructure, hospitality, and retail were the key growing sub-sectors. The power tools include precision instruments and assembly tools. It is expensive to maintain all parts of the power tool. The high maintenance cost of the product is a crucial restraint in this market. The batteries, power connection and motors of the power tools fail over time. Replacing the power tools parts and regular maintenance is a huge expenditure for any firm. The consumer in the developed region does not want to spend more prices for maintenance. This restraint can cause less demand and affect Power Tools Market Revenue. The high cost of the power tools restricts the growth rate of the market. Considered in this report • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia 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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