Summary

During the forecast period, the South African power tools market is expected to grow. Cordless power tools are expected to be a major driver of the South African power tools market. The expansion of infrastructure projects in South Africa is one of the major factors expected to boost market growth. The high cost of power tool maintenance, on the other hand, may be a major market constraint. Power tools made available on an e-commerce platform may create significant market opportunities, and designing ergonomic and lightweight power tools may be one of the market challenges. Power tools are tools that require additional power sources to operate their mechanism and include a motor. These motors can run on fuel, electricity, compressed air, or internal combustion engines. These power tools are used for drilling, demolition, cutting and sawing, material removal, polishing, and other tasks. These tasks necessitate the use of a variety of tools, including drills, hammers, jigsaws, and sanders. These power tools are used to make users' jobs easier in industrial and residential settings. They improve accuracy, usability, and productivity. Using power tools makes the job easier and faster. These tools are primarily used in the construction and automobile industries for concrete, wood, and metalwork. These industries benefit from the use of power tools to increase their production capacity. Power tools are compact and easy to transport. The use of cordless power tools that run on batteries has made work more flexible.

According to the research report, “South Africa Power Tools Market Overview, 2028”published by Bonafide Research, the market is anticipated to add up to 0.21 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.

Power tool stores in South Africa include Altiven South Africa, Powerdek- Gezina, Power Tool Services, Power Tool SA, Metabo Power Tools, Serg Power Tools, Eddie's Power Tools, Pretoria Tool Centre (Pty) Ltd, GA Power Tools, Makita Power Tools, Newco Power Tools, JMM Powertools, and many more.

The power tools are extensively used in several functionalities and applications such as repair and maintenance, DIY, assembly and production lines and many other packaging jobs. These power tools delver better efficiency and handling in terms of many operations and also aid to minimize the time, thus meeting the many requirements of the labour. Furthermore, it helps a lot in terms of both gaining productivity and profitability. These are some of the major factors that are expected to propel the market growth during the forecast period. Rising enforcement of stringent environmental regulations imposed on the industries will create hindrances for the growth of the market. Also, stringent regulations on product approvals will narrow down the scope of growth for the market. Further, suspension of business activity on account of the coronavirus pandemic will yet again create hindrances.

Rising urbanization, modernization, and globalization drive market value growth. In other words, growing number of buildings and construction activities especially in the developing economies to develop the infrastructure will present very many opportunities for the growth of the market. Growing industrial infrastructure and remodelling of concrete structures, increasing advancement in the technology to improve the functioning of semiconductor tools, and increased awareness regarding vehicle safety and technological advancements by the automotive industry are other market growth determinants. Competition is intense among companies in establishing effective relationships with major retailers and distributors, which account for a substantial portion of the sales in the global power tool and OPE markets. If the relationships between a company and its major retailers or distributors deteriorate, the company’s financial performance may be negatively affected.

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

Aspects covered in this report
• South Africa 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.