Summary

The Middle East and Africa power tools market is experiencing tremendous growth as a result of the presence of a dedicated trade fair for tools, hardware, materials, and machinery. It is also the world's largest oil-producing region, so making the switch signalled the beginning of a new era for electricity generation, propelling the power tools market throughout the region. Aside from that, emerging countries throughout the region are expected to boost further growth in the construction sector following the recovery from the economic slowdown, which is one of the major reasons for the growth of the Middle East & Africa power tools market. The Middle East and Africa are expected to boost the market. It is primarily due to increased industrialization in the construction, power and energy, and oil and gas sectors. Furthermore, several players see these regions as potential areas to expand their business portfolios.

According to the research report, “Middle East & Africa Power Tools Market Outlook, 2028” published by Bonafide Research, the market is projected to reach USD 5.26 Billion market size by 2028, registering growth rate of more than 6% for 2023-28. The Middle East Power Tools Market is expected to grow significantly in the coming years due to advancements in advanced and automotive technology. The Middle East Power Tools Market share is expanding due to technological advancements and increased investment in research and development. Growing urbanisation, modernization, and infrastructure development are some of the key factors driving market growth. The growing demand for automation, combined with a labour shortage, is creating lucrative opportunities for market growth. The growing availability of energy-efficient tools is also propelling the industry forward. The rise of the construction sector, growing need for automation, increasing sales of commercial vehicles, and rising adoption of high-density lithium-ion batteries for charging cordless power tools, on the other hand, are the primary drivers of growth in the Middle East & Africa Power Tools Market. Based on these factors, the electric power tools segment is expected to dominate the market by 2022.

According to the report, the market is divided into three major countries: the United Arab Emirates, Saudi Arabia, and South Africa. Saudi Arabia leads the market in 2022 and is expected to maintain its dominance in the coming years. Vision 2030, in conjunction with the National Transformation Program 2020, would increase government spending on defence, manufacturing equipment, and ammunition, resulting in an increase in the country's power tools market during the forecast period. Furthermore, the government's current development mega-city project would result in an increase in demand for power tools over the forecast period. Growing technological advancements, combined with rising adoption of power tools for various purposes such as repair, are increasing Saudi Arabia Power Tools market share. However, growing safety and security concerns, as well as strict regulations and high maintenance costs, are limiting market growth.

However, the UAE power tools market grew steadily between 2017 and 2022, owing to an expanding construction market and increased government spending on infrastructure development projects. UAE Vision 2021 and Abu Dhabi Vision 2030 would have a positive impact on the construction market, boosting the deployment of power tools in the coming years. However, upcoming new commercial and residential projects, as well as an expanding automotive sector and an increasing demand for automation, are some of the key factors that will drive the market over the next six years. Furthermore, the UAE government is expected to invest in the upcoming World Expo 2020 for the expansion of existing and the construction of new public and private infrastructures, resulting in an increase in the deployment of power tools in the country. The Northern region of the UAE held the majority of the market share in terms of revenues, owing to increased construction activities in Dubai as a result of World Expo 2020, increased vehicle sales, and urbanisation. Due to an increase in infrastructure and railway projects in Abu Dhabi, the southern region is expected to grow steadily during 2023-28.
The market is divided into drilling and fastening tools, demolition tools, sawing and cutting tools, material removal tools, routing tools, and others based on tool type. Drilling and fastening tools have the largest market share in the power tools market, and this is expected to continue throughout the forecast period. Drilling and fastening tools are used in a variety of industries, including automotive, aerospace, electronics and consumer appliances, energy, and shipbuilding, which is driving market growth. Furthermore, as they are simple to use and less expensive than other power tools, the segment is expected to grow by the end of the forecast period. Today, tool manufacturers strive to provide better products in order to meet the growing demands of the end-user, who relies heavily on innovative and technologically advanced tools on the job site. The production of cordless electric power tools powered by lithium-ion batteries, for example, is increasing.

The pandemic has increased the demand for newer building methods that adhere to workplace safety regulations even more strictly. The construction industry is increasingly focusing on digitization through the use of IoT and smart connected systems in assembly line operations, allowing all plant equipment to be connected. Technological advancements and the adoption of smart manufacturing practises inevitably lead to the development of smart and connected tools. These cutting-edge solutions enable contractors on the job site to better collaborate with the back office, ensure workforce safety, monitor productivity, and track assets. In terms of application, the industrial segment will lead the market in 2022.

The construction application is the market's largest shareholder. Power tools are heavily used in the construction industry. They are used for a variety of construction tasks such as drilling, driving, demolition, concrete cutting, and polishing. Rising construction activity in emerging economies necessitates the use of technologically advanced and innovative power tools, propelling the market forward. Power Tools for the Middle East Hilti's first-of-its-kind drilling robot is a market development. Robert Bosch GMBH announced the launch of virtually dustless drilling in March 2020. Festool GMBH announced the release of the Vecturo OSC18 cordless oscillating tool in March 2019. It provides accurate cutting, scraping, and sawing. Companies are introducing new and innovative tools that make work easier and save time.

The market is divided into three categories based on mode of operation: electric tools, pneumatic tools, and others, with electric tools further subdivided into corded tools and cordless tools. More than 61% of the total market share is accounted for by the electric power tools segment. Corded tools are the dominant tools on the market. The advancement of batteries as a result of the strong replacement of Ni-Cd batteries with Li-Ion batteries, as well as the increasing adoption of cordless tools, aid in the growth of the cordless tool market.

Major Companies present in the market:
Robert Bosch Gmbh, Stanley Black & Decker, Inc, Hilti Corporation, Atlas Copco Ab, Makita Corporation, Emerson Electric Co, Koki Holdings Co, Ltd, Ingersoll Rand, Enerpac Tool Group, Festool Gmbh, Honeywell International Inc., Kyocera Corporation, Husqvarna Ab, 3M

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

Aspects covered in this report
• Middle East & Africa Power Tools market with its value and forecast along with its segments
• Country-wise Power Tools market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• UAE
• Saudi Arabia
• South Africa

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.

ページTOPに戻る

Table of Contents