Middle East and Africa Power Tools Market

Middle East and Africa Power Tools Market Size (2024-2032):

The Middle East and Africa Power Tools Market was worth US$ 1.49 billion in 2023 and is anticipated to reach a valuation of US$ 1.88 billion by 2032 from US$ 1.53 billion in 2024, and it is predicted to register a CAGR of 2.60% during the forecast period 2024-2032.

Market Scenario

Power tools are devices primarily used in the manufacturing and construction industry which are actuated by an additional power source and mechanisms other than solely manual labor used with hand tools. Drilling, sanding and screw driving are several operations that these power tools have. The power tool is one of the prominent equipment in the construction industry. Generally, tools directly driven by animal power are not considered as power tools.

The growth of the power tools market in this region is due to the substantial growth of the construction sector because of the emergence of major construction contracts.

Market Drivers:

The rise of the construction sector, growing need for automation, increasing global sales for commercial vehicles and rising adoption of high-density lithium-ion batteries for charging cordless power tools are the primary drivers of the Middle East and Africa Power Tools Market's growth.

Market Restraints:

However, human safety concerns and the expensive maintenance cost are the challenges that the target market is facing.

Market Segmentation

Middle East and Africa Power Tools Market - By Tool Type:

1. Drilling & Fastening Tools

• Drills
• Impact Drivers
• Impact wrenches
• Screwdrivers and nut runners

2. Demolition Tools

• Rotary hammers
• hammer drills
• demolition hammers

3. Sawing and Cutting Tools

• Jigsaws
• Reciprocating saws
• Circular saws
• Band saws
• Sheers and nibblers

4. Material Removal Tools

• Sanders/polishers/buffers

5. Other Tools

• Measuring and layout tools
• Laser Tools
• Dust Extractors
• Glue guns, and Heat Guns

Middle East and Africa Power Tools Market - By Power Source:

1. Electric Power Tools

• Corded Tools
• Cordless Tool

2. Pneumatic Power Tools

Middle East and Africa Power Tools Market - By End-Use

• Construction
• Automotive
• Aerospace
• Logistics
• House Hold/Residential Use
• Industrial Applications
• Others

Geographical Analysis

• KSA
• UAE
• Israel
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• Rest of MEA

In the regional analysis of the Middle East and Africa Power Tools Market, the Middle East is the region that is witnessing the tremendous growth of the target market owing to the presence of the dedicated trade fair for tools, hardware, materials, and machinery. Also, it is the world’s largest oil-producing region, which is why making the switch shown in a new era for electricity generation, driving the power tools market in this region. Apart from that, countries like Turkey are likely to boost further growth in the construction sector after the recovery from the economic slowdown, which is one of the major reasons for the growth of the Middle East and Africa Power Tools Market.

Market Key Players:

The key players of the Middle East and Africa Power Tools Market include Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US)

Market Recent Developments:

• Snap-on Incorporated, a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information & systems solution, has scheduled to present at the Merrill Lynch 2020 Consumer & Retail Technology Conference held by Bank of America. 
• Ingersoll-Rand Plc, also known as Trane Technologies which is a manufacturing company formed in 1905 with the merger of Ingersoll-Sergeant Drill Company and Rand Drill Company, has launched Following IR Spin-of.