Abstract
World demand to increase 4+% annually through 2011
Global demand for power tools is projected to expand more than four percent
annually through 2011 to almost $29 billion. The pace of growth will be most
rapid in the developing countries of Asia, Eastern Europe and the
Africa/Mideast region, where rising incomes and surging residential and
nonresidential building construction activity will bolster demand.
The largest national industries are those of the US, China, Japan and Germany.
China, which more than quadrupled shipments from 1996 to 2006, has recently
eclipsed the US, Germany and regional neighbor Japan to become the world
leader. Gains in China have benefitted both from rising domestic demand and
from export opportunities to the developed nations, in particular the US.
Chinese products benefit from their lower cost compared to products
manufactured in developed regions.
Developing regions hold best opportunities
The most promising opportunities are in Latin America, Africa/Mideast and the
Asia/Pacific region, where growing populations and rising construction
activity will boost demand. China will record among the strongest increases,
with demand rising nearly ten percent annually through 2011. India will also
post strong gains, as the nation' s fixed investment continues to rise. The
Africa/ Mideast region will benefit from improved fixed investment spending.
In contrast to developing regions, gains for power tools in industrialized
countries will be substantially slower. The maturity of the building
infrastructure in many of these countries limits the opportunities in new
construction. However, opportunities remain for manufacturers that introduce
improved products, particularly cordless models.
Study coverage
It presents historical demand data (1996, 2001, 2006) plus forecasts (2011,
2016) by product, market, world region and for 27 countries. This study also
evaluates market share and profiles 27 competitors.
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