Market Overview:
Power tools are power-driven devices that are used in industrial, commercial, and household applications. They come equipped with electric motors, hydraulic and pneumatic power sources that provide higher torque and speed output compared to manual tools. Power tools find widespread applications in industrial and construction activities like drilling, sawing, routing, sanding, planing, fastening and material removal.

Market key trends:
One of the key drivers for the India power tools market is rapid urbanization and increasing infrastructure projects in the country. The Government of India has announced plans to invest heavily in infrastructure development and industrialization under its 'Make in India' and Smart Cities initiatives. Mega infrastructure projects such as highways, metro rails, airports and shipping ports are currently underway across major cities. This is augmenting demand for advanced power tools from the construction industry for efficient construction activities. Furthermore, growth of industrial sectors such as automotive and electronics is also propelling the need for power tools in manufacturing applications.
Segment Analysis
The India Power Tools Market Share is segmented by mode of operation into electric power tools, pneumatic power tools and hydraulic power tools. The electric power tools segment dominated the market in 2022, accounting for around 65% of the total market share. Electric power tools are preferred over other types of power tools due to their ease of use, improved efficiency and control. They are powered through electricity and emit less noise as compared to pneumatic and hydraulic power tools. Cordless power tools are gaining high traction in the electric power tools segment owing to their mobility and flexibility offered during operation.

Key Takeaways
The India power tools market is expected to grow at a CAGR of 8.9% over the forecast period. This high growth can be attributed to rapid growth in the construction industry and increasing disposable incomes in the country which is driving demand for power tools from both professionals and individual users for both industrial and household applications.

Regional analysis - Southern and Western regions dominated the market in 2022. The growth in these regions can be attributed to large number of infrastructure projects, industrialization and urbanization activities. Northern and Eastern regions are expected to witness highest growth during the forecast period owing to government initiatives to boost manufacturing sector.

Key players - Key players operating in the India power tools market are Apex Tool Group LLC, Atlas Copco AB, Emerson Electric, Co Techtronic Industries, Hilti Corporation, Stanley Black & Decker, Ingersoll-Rand plc, Robert Bosch, Koki Holdings Co., Ltd., and Makita Corporation. These players are focusing on new product launches and expansion of manufacturing facilities to gain higher market share.

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