DUBLIN--(BUSINESS WIRE)--The "Philippines Electric Power Tools Market Outlook to 2023 - By Product (Grinders, Drills, Saws, Hammers and others), By Application (Construction, Manufacturing and others), By Price Category, By Distribution Channel, By Region, By Corded or Cordless Tools" report has been added to ResearchAndMarkets.com's offering.
This report provides a comprehensive analysis of the Power Tools Market of the Philippines. The report covers various aspects including an introduction to Electric Power Tools Market, Value Chain Analysis, market segmentation, decision making parameters, porter five analysis, competitive landscape, major players in Power Tools Market and trends and developments.
Philippines Electric Power Tools market is an import driven market that is at its early growth stage. Power Tools industry revenue has grown at a positive CAGR during the period 2012-2018. This growth was facilitated by the growing economy of the country, especially the construction industry along with rising demand from the industrial and residential sectors in the country. The electric power tools have a significant share of the overall power tools market in the Philippines.
The customers in the market are price sensitive and lack awareness about the importance of power tools which has resulted in low penetration in the market.
The Electric Power Tools Market in the Philippines is highly concentrated. Makita is the market leader and has the highest market share based on revenue in 2018. This was followed by Hilti, Bosch, Stanley Black & Decker, and Dewalt and Others. These players compete in the Power Tools market in the Philippines based on price, availability, after-sales service and brand image.
Philippines Electric Power Tools Market Future Outlook
In the future, it is anticipated that the Philippines Electric Power Tools market in terms of revenue will increase at a positive CAGR during the period 2018-2023E. Technological advancements such as Artificial Intelligence and Machine Learning will lead to the manufacturing of tools that are easy to operate and safer to handle which will boost the usage of Electric Power Tools.
The rising trend of DIY amongst residential users and improved internet connectivity in the country will also boost demand for power tools. It is expected that the demand for cordless tools will be further augmented due to increasing customer awareness on ease of handling, improved efficiency, and internet penetration in the country. It is also expected that the emergence of local manufacturing firms will lead to augmented revenue from sales of Power Tools to manufacturing firms.
- Stanley Black & Decker and Dewalt
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Value Chain Analysis
3.1 Role of Major Entities in Value Chain
4. Electric Power Tools Market, 2013-2018
4.1 Electric Power Tools Market Size, 2013-2018
4.2 Major Growth Drivers
4.3 Market Restraints
5. Electric Power Tools Market Segmentation, 2018
5.1 By Application (Construction, Manufacturing and Others), 2018
5.2 By Price Range (Premium, Medium and Low), 2018
5.3 By Product Type (Grinders, Saws, Drills, Hammer and Others), 2018
5.4 By Distribution Channel (Direct Sales, Dealer and Retailer Sales and Online Channel), 2018
5.5 By Region (Luzon, Visayas and Mindanao), 2018
5.6 By Corded or Cordless, 2018
5.7 By Portable and Stationary, 2018
6. Decision Making Parameters
7. Porter Five Forces Analysis
8. Competition Landscape
8.1 Competition Parameters
9. Company Profiles (Including Company Overview, Recent Developments, Business Strategy, Best Selling Products, Future Plans, Number of Employees and Revenue & Market Share, 2018)
9.4 Stanley Black & Decker and Dewalt
10. Competitive Analysis
10.1 Strength and Weakness of Major Companies
11. Market Share of Major Companies, 2018
12. Trends and Developments
12.1 Key Market Trends
13. Trade Scenario, 2013-2017
13.1 Export and Import, 2013-2017
14. Electric Power Tools Market Future Outlook, 2018-2023E
15. Future Segmentation of Electric Power Tools Market, 2018-2023E
15.1 By Application (Construction, Manufacturing and Others), 2023E
15.2 By Price Range (Premium, Medium and Low), 2023E
15.3 By Product (Grinders, Drills, Saws, Hammer and Others), 2023E
15.4 By Distribution Channel (Direct Sales, Dealer and Retailer Sales and Online Channel), 2023E
15.5 By Region (Luzon, Visayas and Mindanao), 2023E
15.6 By Corded or Cordless, 2023E
15.7 By Portable and Stationary Tools, 2023E
16. Analyst Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/58kpfa