Growth in the construction industry, expansion in online sales as a channel of distribution and the increasing trend of Do-it-yourself in the country has driven the growth of power tools market in Indonesia.
The market for power tools in Indonesia is in its growth stage. There is hardly any local manufacturing for power tools in the country and they are mostly imported from countries such as China, Japan, Germany, and others. The growth in the power tools industry was supported by the growth of the construction and manufacturing industry in the country. Indonesia’s construction industry benefitted from President Widodo’s infrastructure development agenda, which is part of the National Medium-Term Development Plan (RPJMN), running from 2015 to 2019. Another key growth driver was the investment in infrastructure projects which correlates to the higher requirement of the electric power tools. The Indonesian government has allocated IDR 410.7 trillion for its infrastructure budget in 2018 that represents a 5.8% y-o-y increase.
Battery innovations are driving new product development, especially in the cordless tool segment which is easy to use and convenient to store and carry. Batteries with up to 3 years warranty are readily available in the market. Similarly, there is a significant rise in AH storage capacity per unit size. Moreover, companies have expanded to online sales as a channel of distribution so as to achieve greater market penetration. Online availability makes the power tools easily accessible to the end users and adds more transparency about their prices. Hence, it has acted as a growth driver for an increase in sales. Shortage of affordable and skilled manpower for maintenance works has also driven the Do-it-yourself trend in the country, which, in turn, has positively augment the household demand for power tools such as drill bits, nail gun, circular saw and Sawzall blades.
Analysts at Ken Research in their latest publication “Indonesia Power Tools Market Outlook to 2023- By Type of Technology (Electric Power Tools, Pneumatic Power Tools and Hydraulic Power Tools); By Channel of Distribution (Dealer Network, Direct Sales and Online Sales) and By Region (Java, Sumatra, Kalimantan, Sulawesi and Others)” observed that adopting a hybrid approach of distribution, identifying the opportunities in the DIY segment, tracking upcoming government and private construction projects, providing incentives to dealers, creating awareness about power tools and their uses, diversification of product line for cordless power tools and promoting local manufacturing in the country will aid the manufacturers of power tools in Indonesia to grow and achieve higher profits.
Key Segments Covered:-
Power Tools Market Segmentation
By Type of Technology
Electric Power Tools
Pneumatic Power Tools
Hydraulic Power Tools
By Channel of Distribution
Dealer Network
Direct Sales
Online Sales
By Region
Java
Sumatra
Kalimanthan
Sulawesi
Others
Electric Power Tools Market Segmentation
By Product
Electric Grinders
Electric Drills
Electric Saws
Electric Hammers
Others
By Corded and Cordless Tools
Corded Tools
Cordless Tools
By Application
Construction industry
Manufacturing industry
Others
By Price Category
Premium Category
Medium Category
Lower Category
Key Target Audience
Construction Companies
Real Estate Developers
Infrastructure Engineering
Procurement and Construction Contractors
Manufacturing Companies
Private Equity Ventures
Time Period Captured in the Report:-
2013-2018 – Historical Period
2019-2023 – Future Forecast
Companies Covered:-
Power Tools Companies
Makita, Bosch, Hilti, Hitachi, Stanley Black, and Decker
Key Topics Covered in the Report:-
Trends in Power Tools Market in Indonesia
Power Tools Industry Indonesia
Indonesia Power Tools Industry
Indonesia Power Tools Market Revenue
Indonesia Power Tools Manufacturers
Indonesia Power Tools Market Challenges
Indonesia Power Tools Market Future Analysis
Corded Power Tools Market in Indonesia
Cordless Power Tools Market in Indonesia
Developments in Power Tools Market in Indonesia
DIY Power Tools Market in Indonesia
Electric Drills Market in Indonesia
Electric Hammers Market in Indonesia
Electric Saws Market in Indonesia
Hydraulic Jack Market in Indonesia
Bosch in Indonesia Power Tools Market
Electric Grinders Market in Indonesia
Java Power Tools Market
Market Share Hilti Indonesia
Market Share Makita Indonesia
For More Information On The Research Report, Refer To Below Link:-
Related Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
