Summary

Rising construction and infrastructure development activities in the country are influencing power tool demand. Demand is expected to be driven by end-use industries such as automotive, construction, and aerospace. However, raw material price fluctuations and the availability of alternative tools stifle growth to some extent. On the other hand, advances in high-tech tooling equipment are expected to create lucrative opportunities in the industry. Power tool advancements, such as the creation of electric power tools and cordless tools, are expected to outperform pneumatic tools. As a result of these factors, power tool consumption is expected to rise during the forecast period. Power tools are devices that can be activated by an additional power source or mechanisms that are not used by manual labour or hand tools. Internal combustion engines and compressed air are the most common types of power tools. Other power sources include stem engines, direct combustion of fuels and propellants, such as in powder-actuated devices, and even natural power sources such as wind or water. The target market's growth in this region is attributed to the region's recovering construction industry as well as rapid urbanisation.

According to the research report, “Argentina Power Tools Market Overview, 2028”published by Bonafide Research, the market is anticipated to add up to 0.14 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.

In residential applications such as repairing furniture, fittings, or cutting pipes in plumbing, electrification, and residential construction projects, consumers prefer manual working with hand tools. Do-it-yourself applications are residential applications carried out by households themselves. However, using hand tools requires a lot of energy and time. Residential users are increasingly turning to power tools to repair furniture and remodel and refurbish existing homes. These tools are quick, efficient, and simple to cut, drill, and fasten. These tools make it possible to complete time-consuming residential construction and repair tasks with minimal disruption. Because of the growing demand for flexible, portable, and compact tools, electric cordless power tools are becoming increasingly popular among residential users. Hammers, cordless drills, jigsaws, sanders, cutters, electric screwdrivers, and other household power tools are included.

Power tools are made from a variety of metals, including steel, zinc, copper, brass, aluminium, and nickel. In addition, batteries, motors, and electronic components are used in their manufacture. As a result, power tool manufacturers rely heavily on a consistent supply of raw materials to ensure smooth operation. Furthermore, fluctuating raw material, component, or finished goods prices have a variety of effects on manufacturing processes, frequently resulting in delays, inefficiencies, or the inability to meet the needs of the power tool market.

Considered in this report
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Argentina 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.