Japan Household Power Tools Market Size, Share, Growth, and Industry Analysis, (Electric Drill, Cordless Driver Drill, Electric Wrench, Electric Rotary Hammer, Electric Screwdriver and Others), By Application (Online, Offline and Others), Regional Insights and Forecast to 2031

Updated On: 08 April 2024

JAPAN HOUSEHOLD POWER TOOLS MARKET REPORT OVERVIEW

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The global Japan household power tools market size was USD 13760 million in 2020 and the market is projected to touch USD 20090 million by 2027, exhibiting a CAGR of 4.9% during the forecast period.

Numerous well-known power tool manufacturers that are renowned across the world for their excellence and inventiveness are based in Japan. The market is dominated by businesses like Panasonic, Ryobi, Hitachi, Makita, and Hitachi. Power tools for the home that are made in Japan include saws, drills, sanders, grinders, and much more. These tools prioritize accuracy, robustness, and safety features and are intended for both experts and do-it-yourself. Japanese power tool producers are renowned for emphasizing innovation. To improve user experience and efficiency, they often add new features, ergonomic designs, and technology.

COVID-19 Impact: Pandemic Influenced the DIY Culture and Growth in E-commerce Flanged the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Do-it-yourself (DIY) projects have reportedly increased as a result of lockdowns and remote work forcing more workers to spend time at home. The market for home power tools may be impacted by this in both good and negative ways. Demand may be boosted by consumers' growing interest in do-it-yourself projects, but there's also a chance that economic uncertainty may cause some customers to spend less on non-essential items. Online buying has become more popular as a result of the epidemic. It's possible that consumers are now more likely to buy home power tools online, which has an impact on traditional brick and mortar stores.

LATEST TRENDS

"With Advancements in Battery Technology, Cordless Power Tools to Enlarge the Market Share"

The popularity of cordless power tools has grown due to developments in battery technology. Numerous Japanese manufacturers provide a range of cordless solutions that give consumers convenience and flexibility. The top Japanese power tool manufacturers have kept up with the trends and now employ computer-aided design in conjunction with computer-aided production, computer numerical controls, and laser systems. They have developed multitasking hybrid machinery that makes advantage of additive manufacturing. For example, DMG Mori Seiki has produced over 200 CNC lathe and machining center models. DMG Mori is renowned for its emphasis on automation and digital solutions. It has expanded to become one of the biggest producers of machine tools worldwide.

JAPAN HOUSEHOLD POWER TOOLS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into electric drill, cordless driver drill, electric wrench, electric rotary hammer, electric screwdriver and others.

Electric Drill: Drilling holes in a variety of materials, including plastic, metal, and wood, may be accomplished with the help of this multipurpose equipment. They range in terms of size and power output, and certain versions could have extra features like variable speed settings.

Cordless Driver Drill: Rechargeable batteries power cordless driver drills, which are comparable to electric drills, are used in place of power cords. They are renowned for being convenient and portable, which makes them appropriate for both indoor and outdoor use.

Electric Wrench: Also referred to as impact wrenches, electric wrenches are used to tighten and loosen nuts and bolts. They are frequently employed in construction, assembly, and vehicle repair jobs. There are corded and cordless electric wrenches.

Electric Rotary Hammer: Designed to drill through tough materials like concrete or masonry, electric rotary hammers are strong instruments. To pierce through hard materials, they combine a hammering motion with spinning. These are often utilized tools in operations involving building and remodeling.

Electric screwdriver: Made to drive screws into a variety of materials, electric screwdrivers are useful tools. Both corded and cordless variants are available, and some may feature torque settings that may be adjusted for precise work. Electric screwdrivers are in handy for jobs like assembling, building furniture, and other repeated screwing chores.

• By Application

Based on application the global market can be categorized into online, offline and others.

Offline (Brick and Mortar Stores): Major chains and retailers in the home improvement industry, such Tsuruya, Cainz, and Konan, usually feature specific departments for power tools. They provide a lot of different possibilities, such electric wrenches and saws in addition to drills and saws. These might include electric screwdrivers, cordless drills, and other instruments fit for do-it-yourself tasks. There are specialist tool stores that sell just professional and do-it-yourself tools. These shops could have a wide selection of power tools in addition to accessories and replacement components. A variety of power tools may be available in the home and garden tool areas of several department shops. Smaller neighborhood hardware businesses serve the community's urgent needs. They often serve homes and do-it-yourself by carrying a modest assortment of power tools.

Online (E-commerce Platforms): A large selection of home power tools is available on websites like Amazon Japan, Rakuten, and Yahoo! Shopping. Online shoppers may peruse various brands, peruse product reviews, and complete transactions. On their official websites, several power tool manufacturers allow customers to browse product catalogs, specs, and make direct purchases. Additionally, some firms include offline locations for their items. There are internet merchants that focus on selling tools and equipment. A wide selection of power tools, accessories, and related goods are available on these sites. When looking for both new and used power tools, some customers might check out internet auction sites. Nonetheless, care should be taken to guarantee the authenticity and caliber of the products while making purchases from such sites.

DRIVING FACTORS

"Urban Living and DIY Culture to Shoot Up the Market Growth"

In Japan, the Do-It-Yourself (DIY) movement is becoming more and more popular. A growing number of people are taking on home renovation tasks, and power tools found in most households are essential to making these endeavors possible. The need for a range of tools is driven by the need for customization and practical tasks. People who live in crowded cities with little room may require small, multipurpose instruments for a variety of purposes. Power tools that are multipurpose and cordless become indispensable for those who live in flats or houses with little storage space. The market for equipment for house renovation and maintenance is expanding as more people become homeowners. It becomes necessary to have household power tools for jobs like assembling furniture, hanging pictures, and doing regular maintenance.

"Green Sustainable Practise with Multi-Functional Tools to Multiply the Market Share"

Environmentally friendly methods and sustainability are becoming more and more important in many industries, including the power tool industry. Manufacturers could be looking for methods to use recyclable materials or create energy-efficient tools to lessen the impact of their products on the environment. Customers frequently search for multipurpose, adaptable equipment. In order to meet this need, manufacturers may produce multipurpose power tools that can do a variety of jobs, eliminating the need for several specialized instruments.

RESTRAINING FACTOR

"Limited Battery Life and Maintenance Requirements to Hammer the Market Growth"

Rechargeable batteries are the power source for cordless power tools, and while battery technology has advanced, their operational duration remains restricted. For lengthier work, users may need to monitor the tool's battery life and make plans to recharge or bring more batteries. Power tools of superior quality can be quite pricey, particularly if they come from famous companies or have cutting-edge features. For customers on a tight budget or infrequent users who don't need professional-grade equipment, this price can be a barrier. Like any mechanical equipment, power tools need to be maintained on a regular basis to guarantee life and peak performance. This might involve lubricating, cleaning, and occasionally swapping out worn-out components. Ignoring maintenance might result in decreased productivity or even broken tools. Hence, such factors are expected to hinder the Japan household power tools market growth during the forecast period.

JAPAN HOUSEHOLD POWER TOOLS MARKET REGIONAL INSIGHTS

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"Asia Pacific with Strong Global Presence and High-Quality Standards to Dominate the Market Growth"

"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."

Japan to dominate the global Japan household power tools market share in terms of revenue due to the presence of numerous major companies operating within this region with trending DIY culture. Power tool brands from Japan are well-known around the world, and their goods are extensively utilized in many nations. The international success of Japanese power tool makers can be attributed to their reputation for dependability and efficiency. Japan is known for its high standards in manufacturing. Strict quality control procedures are frequently used in the production of power tools in Japan to guarantee that the final goods meet or surpass industry requirements.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to Japan household power tools to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• Stanley Black & Decker (DeWalt) (U.S.)

• Bosch (Germany)

• TTI (U.S.)

• Makita (Japan)

• HiKOKI (Japan)

• Einhell (Germany)

• Snap-On (U.S.)

• Festool (Germany)

• Jiangsu Jinding (China).

INDUSTRIAL DEVELOPMENT

• December 2021: Securitas AB declared that it has reached a deal to buy the electronic security business unit of Stanley Black & Decker for a sum of $3.2 billion.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.