Indonesia Power Tools Market is Driven by Government’s Aim to Revive the Economy Through Investment in Infrastructure Projects and Promotion of SME Manufacturing: Ken Research

Growth in the construction industry, expansion in online sales as a channel of distribution and the increasing trend of Do-it-yourself in the country has driven the growth of power tools market in Indonesia.

The market for power tools in Indonesia is in its growth stage. There is hardly any local manufacturing for power tools in the country and they are mostly imported from countries such as China, Japan, Germany, and others. The growth in the power tools industry was supported by the growth of the construction and manufacturing industry in the country. Indonesia’s construction industry benefitted from President Widodo’s infrastructure development agenda, which is part of the National Medium-Term Development Plan (RPJMN), running from 2015 to 2019. Another key growth driver was the investment in infrastructure projects which correlates to the higher requirement of the electric power tools. The Indonesian government has allocated IDR 410.7 trillion for its infrastructure budget in 2018 that represents a 5.8% y-o-y increase.

Battery innovations are driving new product development, especially in the cordless tool segment which is easy to use and convenient to store and carry. Batteries with up to 3 years warranty are readily available in the market. Similarly, there is a significant rise in AH storage capacity per unit size. Moreover, companies have expanded to online sales as a channel of distribution so as to achieve greater market penetration. Online availability makes the power tools easily accessible to the end users and adds more transparency about their prices. Hence, it has acted as a growth driver for an increase in sales. Shortage of affordable and skilled manpower for maintenance works has also driven the Do-it-yourself trend in the country, which, in turn, has positively augment the household demand for power tools such as drill bits, nail gun, circular saw and Sawzall blades.

Analysts at Ken Research in their latest publication Indonesia Power Tools Market Outlook to 2023- By Type of Technology (Electric Power Tools, Pneumatic Power Tools and Hydraulic Power Tools); By Channel of Distribution (Dealer Network, Direct Sales and Online Sales) and By Region (Java, Sumatra, Kalimantan, Sulawesi and Others)” observed that adopting a hybrid approach of distribution, identifying the opportunities in the DIY segment, tracking upcoming government and private construction projects, providing incentives to dealers, creating awareness about power tools and their uses, diversification of product line for cordless power tools and promoting local manufacturing in the country will aid the manufacturers of power tools in Indonesia to grow and achieve higher profits.

Key Segments Covered:-

Power Tools Market Segmentation

By Type of Technology

Electric Power Tools

Pneumatic Power Tools

Hydraulic Power Tools

By Channel of Distribution

Dealer Network

Direct Sales

Online Sales

By Region

Java

Sumatra

Kalimanthan

Sulawesi

Others

Electric Power Tools Market Segmentation

By Product

Electric Grinders

Electric Drills

Electric Saws

Electric Hammers

Others

By Corded and Cordless Tools

Corded Tools

Cordless Tools

By Application

Construction industry

Manufacturing industry

Others

By Price Category

Premium Category

Medium Category

Lower Category

Key Target Audience

Construction Companies

Real Estate Developers

Infrastructure Engineering

Procurement and Construction Contractors

Manufacturing Companies

Private Equity Ventures

Time Period Captured in the Report:-

2013-2018 – Historical Period

2019-2023 – Future Forecast

Companies Covered:-

Power Tools Companies

Makita, Bosch, Hilti, Hitachi, Stanley Black, and Decker

Key Topics Covered in the Report:-

Trends in Power Tools Market in Indonesia

Power Tools Industry Indonesia

Indonesia Power Tools Industry

Indonesia Power Tools Market Revenue

Indonesia Power Tools Manufacturers

Indonesia Power Tools Market Challenges

Indonesia Power Tools Market Future Analysis

Corded Power Tools Market in Indonesia

Cordless Power Tools Market in Indonesia

Developments in Power Tools Market in Indonesia

DIY Power Tools Market in Indonesia

Electric Drills Market in Indonesia

Electric Hammers Market in Indonesia

Electric Saws Market in Indonesia

Hydraulic Jack Market in Indonesia

Bosch in Indonesia Power Tools Market

Electric Grinders Market in Indonesia

Java Power Tools Market

Market Share Hilti Indonesia

Market Share Makita Indonesia

For More Information On The Research Report, Refer To Below Link:-

Indonesia Power Tools Market Outlook

Related Reports:-

India Power Tools Market Forecast To 2021 – Rise In Infrastructural Projects and Expansion of Manufacturing Industry To Drive the Market

Peru Construction Equipment Market Outlook To 2021 -Technological Advancements And Well Equipped Machinery To Drive Market Growth

Philippines Excavator Market Forecast To 2020 – Growing Construction Activities And Demand For Real Estate To Shape Future Potential

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249

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