Japan power tools market is projected to witness a CAGR of 3.53% during the forecast period FY2025-FY2032, growing from USD 2.14 billion in FY2024 to USD 2.82 billion in FY2032. Japan has always been the center of manufacturing and industrial activities. The country has increased its activities over time, and consequently, enlarged the power tools market. Moreover, power tool technology innovation, especially in cordless and electric tools, is improving performance and at the same time improving convenience for the users. The trend in cordless tools is outstanding due to the ergonomic benefits and easy usage which make them popular in both professional and DIY applications. Japanese consumers have resulted in an increased quest for quality, durability, and energy efficiency in power tools. The country has commenced industries which focus on innovation as manufacturers strive to live up to these demands in line with eco-friendly operations.
Rapid urbanization and infrastructure development, with a focus on construction and manufacturing, is going to support the demand for power tools further. This will continue to steer the market growth, especially on the back of an increasing number of residential and commercial construction projects. This should foster tool efficiency, connectivity, and user-friendliness with the integration of smart technologies such as IoT and AI in power tools.
Tool Japan’s 14th international hardware and tools expo will be held at Makuhari Messe, Japan in October 2024. Importers and distributors, home centers, retailers and wholesalers from hardware stores and garden shops, and industry professionals are expected to visit the show. The expo will showcase tools and hardware related to architecture, carpenter, maintenance, and horticulture.
Cordless Technology and Technological Advancements to Fuel Market Growth
Japan power tools market is garnered through cordless technology and new technological integrations. The region itself is changing its manufacturing with the help of revolutionary solutions. Cordless power tools have higher mobility and flexibility than corded tools, hence users can work in tight spaces, on ladders, or areas without access to power outlets, thereby making them ideal for most applications within construction, automotive, and DIY projects. These tools are lighter with a better weight balance, and thus easier on the user in terms of less fatigue and strain with continued use. This ergonomic design, coupled with the elimination of power cords, has greatly improved overall user experience, making the tools easier to use.
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The integration of smart technologies in power tools, such as IoT connectivity and automation, allows for better tracking of tool usage and maintenance needs. This is particularly beneficial in automotive manufacturing and repair, where precision and reliability are paramount.
For instance, in August 2024, Bosch GmbH announced that it is going to introduce the cordless impact driver, GDR 18V-220C in September 2024. The product is going to be a new addition to the professional 18V cordless power tool series.
Expanding Plants and Automotive Manufacturing to Fuel the Market Growth
The biggest driver of demand in the power tools market is the automotive manufacturing segment. Electric drills, impact wrenches, and screwdrivers are core tools that find applications in all the lines of assembly where precision and speed are greatly required. The aftermarket, or maintenance and repair services, will spur demand from an adjacent industry with professionals requiring reputable tools to accomplish tasks pertaining to repairing engines, bodywork, and general maintenance, hence further enhancing the power tools market. As the automotive industry continues to grow, the demand for power tools that are in service during manufacturing processes is expected to rise. It reduces the time for labor and increases productivity; thus, power tools become a very essential element in the modern production lines for the automotive industry. The industry utilizes power tools such as grinders, wrenches, and drills.
Companies are cater For instance, In July 2022, Makita Corporation declared in July 2022 that 300 million units had been produced in its China factory. The 300 million units sold were marked with a cordless glass trimmer (UR193D).
Rapid Industrial Growth and Expanding Automotive Manufacturing to Fuel Segmental Growth
The industrial segment dominates the share of Japan power tools market. As more vehicles are produced, there is a growing need for efficient tools for assembling and maintenance. Power tools are used for several manufacturing processes, especially in automobile assembly and maintenance services. These include electric drills, impact wrenches, and pneumatic equipment. Japan’s aircraft industry is booming due to significant government efforts and growing investment. Specialized power tools for aircraft assembly and maintenance are one such industry that demands a high degree of precision and dependability. The industrial end-use sector in Japan, which includes the automobile and aerospace industries, is propelling new business initiatives. Japanese brands are launching their new product line with advanced technologies such as artificial intelligence, machine learning, and IoT.
For instance, in February 2023, Hitachi Koki Haramachi Co., Ltd. launched its new product line including cordless, demolition, grinding, and battery products. These further include driver drills, impact driver drill, rotary hammer, disk grinders, and caulking guns.
Future Market Scenario (FY2025 – FY2032)
1. Enhanced tools efficiency, advent of smart tools, and new product lines are influencing the market growth.
2. Innovations in power tool technology, particularly in cordless and electric tools, are enhancing performance and user convenience.
3. The growing interest in home improvement and DIY projects is significantly contributing to the demand for versatile and user-friendly power tools.
Report Scope
“Japan Power Tools Market Assessment, Opportunities and Forecast, FY2018-FY2032”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the Japan power tools market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business models, competitive intelligence, etc.
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