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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

January 2022 | 200 pages | ID: S816A0DE3B69EN
Bizwit Research & Consulting LLP

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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

LIST OF FIGURES

FIG 1. South Korea Power Tools and Accessories market, research methodology
FIG 2. South Korea Power Tools and Accessories market, market estimation techniques
FIG 3. South Korea market size estimates & forecast methods
FIG 4. South Korea Power Tools and Accessories market, key trends 2020
FIG 5. South Korea Power Tools and Accessories market, growth prospects 2021-2027
FIG 6. South Korea Power Tools and Accessories market, porters 5 force model
FIG 7. South Korea Power Tools and Accessories market, pest analysis
FIG 8. South Korea Power Tools and Accessories market, value chain analysis
FIG 9. South Korea Power Tools and Accessories market by segment, 2018 & 2027 (USD Billion)
FIG 10. South Korea Power Tools and Accessories market by segment, 2018 & 2027 (USD Billion)
FIG 11. South Korea Power Tools and Accessories market by segment, 2018 & 2027 (USD Billion)
FIG 12. South Korea Power Tools and Accessories market by segment, 2018 & 2027 (USD Billion)
FIG 13. South Korea Power Tools and Accessories market by segment, 2018 & 2027 (USD Billion)
FIG 14. South Korea Power Tools and Accessories market, regional snapshot 2018 & 2027
FIG 15. South Korea Power Tools and Accessories market, company market share analysis (2020)


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