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South Korea Power Tools and Accessories Market Size study, by Tools (Drills, Impact drivers, Impact Wrenches, Screwdrivers and nutrunners, Others), Accessories (Drill Bits, Screwdriver Bits Router Bits, Others), Power Source (Electric, Pneumatic , Others ), Mode Of Operation (Corded, Cordless) and Application (Residential, Construction , Automotive, Others ) and Regional Forecasts 2021-2027

  • BIZ4899733
  • 200 Pages
  • January 2022
  • Construction & Manufacturing
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South Korea Power Tools and Accessories Market is valued approximately USD 1336.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.5 % over the forecast period 2021-2027. Power Tools and Accessories are used for the fitting purpose in the electric, engine-driven power, and pneumatic power devices. These tools include drills, screwdrivers, and router bits, abrasives wheels, saw blades, and chippers. The growing Automotive industry in South Korea has led the adoption of Power Tools and Accessories across the forecast period. For Instance: according to Statista in 2020, the automotive industry is expanding in South Korea. As per the source Hyundai produced approximately 1.6 million automobiles in 2020, an increase of 9.4% year over year. In terms of manufacturing volume, all South Korean automakers saw an increase over the previous year (2019). Whereas South Korea sold roughly 1.61 million vehicles in 2020, including passenger automobiles and commercial vehicles. Rising construction activities and smart cities projects enhances the market growth of power tools and accessories. Also, with the rapid urbanization, and major government initiatives towards the growth of the manufacturing units, the adoption & demand for Power Tools and Accessories is likely to increase the market growth during the forecast period. However, price fluctuations in the raw material impedes the growth of the market over the forecast period of 2021-2027.

The market growth of power tools and accessories in the geographical region of South Korea is expected to create beneficial hype owing to the factors such as rising automotive industries, increasing advancement and initiatives towards the electronics and construction industries, and increasing power tools innovations.

Major market player included in this report are:

Festool

METABO

Atlas Copco AB

Hilti Aktiengesellschaft

Husqvarna Group

Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)

Klein Tools Inc.

Koki Holdings Co. Ltd. (KKR & Co. Inc.)

Makita Corporation

Robert Bosch GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Tools:

Drills

Impact drivers

Impact Wrenches

Screwdrivers and nutrunners

Others

By Accessories:

Drill Bits

Screwdriver Bits

Router Bits

Others

By Power Source:

Electric

Pneumatic

Others

By Mode of Operation:

Corded

Cordless

By Application:

Residential /DIY

Construction

Automotive

Others

By Region:

Asia Pacific

South Korea

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the South Korea Power Tools and Accessories Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. South Korea & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. South Korea Power Tools and Accessories Market, by Region, 2019-2027 (USD Billion)

1.2.2. South Korea Power Tools and Accessories Market, by Tools, 2019-2027 (USD Billion)

1.2.3. South Korea Power Tools and Accessories Market, by Accessories, 2019-2027 (USD Billion)

1.2.4. South Korea Power Tools and Accessories Market, by Power Source, 2019-2027 (USD Billion)

1.2.5. South Korea Power Tools and Accessories Market, by Mode of Operation, 2019-2027 (USD Billion)

1.2.6. South Korea Power Tools and Accessories Market, by Application, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. South Korea Power Tools and Accessories Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. South Korea Power Tools and Accessories Market Dynamics

3.1. Power Tools and Accessories Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Growing Automotive industry in South Korea

3.1.1.2. Rising construction activities and smart cities projects

3.1.2. Market Challenges

3.1.2.1. Price fluctuations in the raw material

3.1.3. Market Opportunities

3.1.3.1. Rapid urbanization

3.1.3.2. Major government initiatives towards the growth of the manufacturing units

Chapter 4. South Korea Power Tools and Accessories Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 market scenario

5.1. South Korea Power Tools and Accessories Market, by Tools Market Snapshot

5.2. South Korea Power Tools and Accessories Market by Tools, Performance - Potential Analysis

5.3. South Korea Power Tools and Accessories Market Estimates & Forecasts by Tools 2018-2027 (USD Billion)

5.4. Power Tools and Accessories Market, Sub Segment Analysis

5.4.1. Drills

5.4.2. Impact drivers

5.4.3. Impact Wrenches

5.4.4. Screwdrivers and nutrunners

5.4.5. Others

Chapter 6. South Korea Power Tools and Accessories Market, by Accessories

6.1. Market Snapshot

6.2. South Korea Power Tools and Accessories Market by Accessories, Performance - Potential Analysis

6.3. South Korea Power Tools and Accessories Market Estimates & Forecasts by Accessories 2018-2027 (USD Billion)

6.4. Power Tools and Accessories Market, Sub Segment Analysis

6.4.1. Drill Bits

6.4.2. Screwdriver Bits

6.4.3. Router Bits

6.4.4. Others

Chapter 7. South Korea Power Tools and Accessories Market, by Power Source

7.1. Market Snapshot

7.2. South Korea Power Tools and Accessories Market by Power Source, Performance - Potential Analysis

7.3. South Korea Power Tools and Accessories Market Estimates & Forecasts by Power Source 2018-2027 (USD Billion)

7.4. Power Tools and Accessories Market, Sub Segment Analysis

7.4.1. Electric

7.4.2. Pneumatic

7.4.3. Others

Chapter 8. South Korea Power Tools and Accessories Market, by Mode of Operation

8.1. Market Snapshot

8.2. South Korea Power Tools and Accessories Market by Mode of Operation, Performance - Potential Analysis

8.3. South Korea Power Tools and Accessories Market Estimates & Forecasts by Mode of Operation 2018-2027 (USD Billion)

8.4. Power Tools and Accessories Market, Sub Segment Analysis

8.4.1. Corded

8.4.2. Cordless

Chapter 9. South Korea Power Tools and Accessories Market, by Application

9.1. Market Snapshot

9.2. South Korea Power Tools and Accessories Market by Application, Performance - Potential Analysis

9.3. South Korea Power Tools and Accessories Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

9.4. Power Tools and Accessories Market, Sub Segment Analysis

9.4.1. Residential /DIY

9.4.2. Construction

9.4.3. Automotive

9.4.4. Others

Chapter 10. South Korea Power Tools and Accessories Market, Regional Analysis

10.1. Power Tools and Accessories Market, Regional Market Snapshot

10.2. Asia Pacific Power Tools and Accessories Market

10.2.1. South Korea Power Tools and Accessories Market

10.2.1.1. Tools breakdown estimates & forecasts, 2018-2027

10.2.1.2. Accessories breakdown estimates & forecasts, 2018-2027

10.2.1.3. Power Source breakdown estimates & forecasts, 2018-2027

10.2.1.4. Mode Of Operation breakdown estimates & forecasts, 2018-2027

10.2.1.5. Application breakdown estimates & forecasts, 2018-2027

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. Festool

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. METABO

11.2.3. Atlas Copco AB

11.2.4. Hilti Aktiengesellschaft

11.2.5. Husqvarna Group

11.2.6. Ingersoll-Rand Plc (Gardner Denver Holdings Inc.)

11.2.7. Klein Tools Inc.

11.2.8. Koki Holdings Co. Ltd. (KKR & Co. Inc.)

11.2.9. Makita Corporation

11.2.10. Robert Bosch GmbH

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 1. South Korea Power Tools and Accessories market, report scope

TABLE 2. South Korea Power Tools and Accessories market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. South Korea Power Tools and Accessories market estimates & forecasts by Tools 2018-2027 (USD Billion)

TABLE 4. South Korea Power Tools and Accessories market estimates & forecasts by Accessories 2018-2027 (USD Billion)

TABLE 5. South Korea Power Tools and Accessories market estimates & forecasts by Power Source 2018-2027 (USD Billion)

TABLE 6. South Korea Power Tools and Accessories market estimates & forecasts by Mode of Operation 2018-2027 (USD Billion)

TABLE 7. South Korea Power Tools and Accessories market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 8. South Korea Power Tools and Accessories market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. South Korea Power Tools and Accessories market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. South Korea Power Tools and Accessories market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. South Korea Power Tools and Accessories market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. South Korea Power Tools and Accessories market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. South Korea Power Tools and Accessories market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. South Korea Power Tools and Accessories market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. South Korea Power Tools and Accessories market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. South Korea Power Tools and Accessories market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. South Korea Power Tools and Accessories market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. List of secondary sources, used in the study of South Korea Power Tools and Accessories market

TABLE 19. List of primary sources, used in the study of South Korea Power Tools and Accessories market

TABLE 20. Years considered for the study

TABLE 21. Exchange rates considered

 
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