Japan Power Tools Market Size, Share, and COVID-19 Impact, By Product Type (Sawing and Cutting Tools, Drilling and Fastening Tools, Demolition Tools, Routing Tools, Portable Nibblers, Air-Powered Tools, Material Removal Tools, Electric Cords and Plugs, Accessories, Others), By Mode Of Operation (Electric, Hydraulic, Pneumatic, Powder-Actuated Tools), By Application (Concrete and Construction, Woodworking, Metalworking, Welding, Others), By End-User (Residential, Industrial, Others) and Japan Power Tools Market Insights Forecasts to 2030Industry: Semiconductors & Electronics
Japanese power tools are renowned for their exceptional quality around the world. Additionally, Japan has a long history of producing tools, making it a formidable competitor in the global tool market. One such company is the Japanese power tool specialist Makita Corporation, which sells its products all over the world. They offer a wide variety of goods, including cordless tools, power tools, and gasoline-powered machinery. Power tools including drilling machines, grinders, high-pressure cleaners, and blowers are among them and are in high demand all over the world.
The leading Japanese power tool producers have evolved with the times and now use technologies like computer-aided manufacturing, computer numerical controls, and laser systems that collaborate with computer-aided design. Additionally, they created hybrid machinery that uses additive manufacturing and can perform many tasks. For instance, DMG Mori is known for its focus on automation and digital solutions, DMG Mori Seiki has created over 200 CNC lathe and machining center models. It has grown to be one of the world's largest machine tool manufacturers.
This research report categorizes Japan's Power Tools Market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Power Tools Market. Recent market developments and competitive strategies such as market expansion, product launch, and development, partnership, merger, and acquisition have all been included to depict the market's competitive landscape. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Power Tools Market.
Power tool adoption in the automotive and construction industries is expected to drive demand for the Japanese power tool market. Power tools help reduce the time spent on these redundant tasks while also increasing efficiency. As a result, power tools are increasingly being used by vehicle manufacturers as well as maintenance and repair service providers in the automotive sector.
Given that they are simple to use and move around with, power tools are becoming more common in residential applications. To increase the effectiveness of their products, businesses are introducing technically savvy equipment. Asahi tools, for example, are well-known for their innovative and functional designs. Thanks to the comfortable features, users have a better grip when handling the tools. Because of the high quality of the materials used, these tools are both sturdy and lightweight. They come in a wide variety of sizes and shapes. As the popularity of Do-It-Yourself (DIY) projects increases, Asahi also produces toolkits for homeowners.
The Japanese power tools market expansion will be hampered by the increased enforcement of strict environmental rules placed on the sectors. The market's potential for expansion will also be constrained by strict laws governing product approvals.
COVID 19 Impacts
Power tool manufacturing in Japan was hindered during the outbreak of the COVID-19 pandemic due to limited capacity. Power tool innovation sales and manufacturing were hampered by low investment costs and a lack of employees. In the post-pandemic scenario, Japan's increased industrialization is expected to propel the market massively.
- In 2022, the drilling segment is witnessing a higher growth rate over the forecast period.
Based on the product type, the Japan Power Tools Market is segmented into sawing and cutting tools, drilling and fastening tools, demolition tools, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords, and plugs, accessories, and others. Among these, the drilling segment is witnessing a higher growth rate over the forecast period. Drills are frequently employed in industrial and domestic settings because they are simple to use, less expensive than other power tools, and easy to operate. To support segment expansion, drills are frequently employed as a fundamental repair and maintenance tool.
- In 2021, the electric mode segment is witnessing significant CAGR growth over the forecast period.
On the basis of mode of operation, the Japan Power Tools Market is segmented into electric, hydraulic, pneumatic, and powder-actuated tools. Among these, the electric mode is witnessing significant CAGR growth over the forecast period, owing to the easy mobility and operation efficiency of electric tools. The development of strong battery packs has led to an increase in the power of electric tools. The two types of electric models of operation are corded and cordless.
- In 2021, concrete and construction is witnessing significant growth over the forecast period.
Based on application, the Japan Power Tools Market is segmented into concrete and construction, woodworking, metalworking, welding, and others. Among these, concrete and construction is witnessing significant growth over the forecast period.
- In 2022, the industrial segment is dominating the market with the largest market share of 40% over the forecast period.
According to end-user, The Japan Power Tools Market is divided into residential, industrial, and others. Among these, the industrial segment is dominating the market with the largest market share of 40% over the forecast period. Power tools are used in industrial applications, including the automotive, construction, aerospace, and logistics sectors. The key element in the dominance of industrial applications over the residential segment is increased technical innovation and adoption in these industries.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan Power Tools Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Asahi Tools
- Lobtex Co., Ltd.
- Ko-ken Tool Co., Ltd.
- Yamazaki Mazak Corporation
- Ryobi Limited
- Hitachi Koki Co., Ltd.
- Makita Corporation
- Kakuri Tool Communication
- Kyoto Tool Co., Ltd. (KTC)
- JTEKT: Pioneering Technologies
- DMG Mori: Automated Production
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In July 2020, Okuma Corporation announced the addition of a new robotics product line, the Okuma ROID Series, to its extensive line of CNC metal cutting machines and technologies. The Okuma ROID Series was created in response to a market demand for affordable, dependable robotics systems to improve machining operations. The series features the brand-new ARMROID and STANDROID.
- In July 2022, Makita Corporation announced that cumulative production at Makita's China plant had reached 300 million units. A cordless glass trimmer was used to mark the 300 million units sold (UR193D).
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan Power Tools Market based on the below-mentioned segments:
Japan Power Tools Market, By Product Type
- Sawing and Cutting Tools
- Drilling and Fastening Tools
- Demolition Tools
- Routing Tools
- Portable Nibblers
- Air-Powered Tools
- Material Removal Tools
- Electric Cords and Plugs
Japan Power Tools Market, By Mode of Operation
- Powder-Actuated Tools
Japan Power Tools Market, By Application
- Concrete and Construction
Japan Power Tools Market, By End-user
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