Asia Pacific Benchtop Tools Market 2024-2033 by Product Type (Cutting, Drilling, Grinding & Sanding), Application (Residential, Commercial, Industrial), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity
- Report ID: 65646
- Date: May, 2024
- Pages: 103
- Category: Machinery & Equipment
Asia Pacific benchtop tools market will grow by 6.4% annually with a total addressable market cap of $12.74 billion over 2024-2033. The growth is driven by the rising construction projects, availability of new tools for benchtop work, and growing purchasing power.
Highlighted with 28 tables and 37 figures, this 103-page report “Asia Pacific Benchtop Tools Market 2024-2033 by Product Type (Cutting, Drilling, Grinding & Sanding), Application (Residential, Commercial, Industrial), Distribution Channel (Online, Offline), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific benchtop tools market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year.
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific benchtop tools market in every aspect of the classification from perspectives of Product Type, Application, Distribution Channel, and Country.
Based on Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2024-2033 included in each section.
• Cutting Tools
• Drilling Tools
• Grinding & Sanding Tools
• Jointers, Planers & Routers
• Other Products
Based on Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2024-2033 included in each section.
• Residential Use
• Commercial Use
• Industrial Use
• Other Applications
By Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2024-2033 included in each section.
• Online Sales
• Offline Sales
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2024-2033. The breakdown of national markets by Product Type, Application, and Distribution Channel over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
3M Company
CRAFTSMAN
Ferm International
Festool
Hanley Wood Media Inc.
Hilti
JPW Industries
Koki Holdings America Ltd.
KYOCERA Corporation
Laguna Tools
Makita Corporation
Positec Tool Corporation
POWERTEC
PROXXON
Record Power
Richpower Industries Inc.
RIKON Power Tools
Robert Bosch Tool Corporation
Samtec Tools and Accessories Pvt. Ltd.
Stanley Black & Decker
Techtronic Industries
Triton Tools
WEN Products
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 21
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 23
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Asia Pacific Market by Product Type 42
3.1 Market Overview by Product Type 42
3.2 Cutting Tools 44
3.3 Drilling Tools 45
3.4 Grinding & Sanding Tools 46
3.5 Jointers, Planers & Routers 47
3.6 Other Products 48
4 Segmentation of Asia Pacific Market by Application 49
4.1 Market Overview by Application 49
4.2 Residential Use 51
4.3 Commercial Use 52
4.4 Industrial Use 53
4.5 Other Applications 54
5 Segmentation of Asia Pacific Market by Distribution Channel 55
5.1 Market Overview by Distribution Channel 55
5.2 Online Sales 57
5.3 Offline Sales 58
6 Asia-Pacific Market 2022-2032 by Country 59
6.1 Overview of Asia-Pacific Market 59
6.2 Japan 62
6.3 China 65
6.4 Australia 67
6.5 India 69
6.6 South Korea 71
6.7 Rest of APAC Region 73
7 Competitive Landscape 75
7.1 Overview of Key Vendors 75
7.2 New Product Launch, Partnership, Investment, and M&A 78
7.3 Company Profiles 79
3M Company 79
CRAFTSMAN 81
Ferm International 82
Festool 83
Hanley Wood Media Inc. 84
Hilti 85
JPW Industries 86
Koki Holdings America Ltd. 87
KYOCERA Corporation 88
Laguna Tools 89
Makita Corporation 90
Positec Tool Corporation 91
POWERTEC 92
PROXXON 93
Record Power 94
Richpower Industries Inc. 95
RIKON Power Tools 96
Robert Bosch Tool Corporation 97
Samtec Tools and Accessories Pvt. Ltd. 98
Stanley Black & Decker 99
Techtronic Industries 100
Triton Tools 101
WEN Products 102
RELATED REPORTS 103
List of Tables
Table 1. Snapshot of Asia Pacific Benchtop Tools Market in Balanced Perspective, 2022-2032 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. World Economic Outlook, 2021-2023 20
Table 4. Scenarios for Economic Impact of Ukraine Crisis 24
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Benchtop Tools Market 34
Table 6. Asia Pacific Benchtop Tools Market by Product Type, 2022-2032, $ mn 42
Table 7. Asia Pacific Benchtop Tools Market by Application, 2022-2032, $ mn 49
Table 8. Asia Pacific Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 55
Table 9. APAC Benchtop Tools Market by Country, 2022-2032, $ mn 60
Table 10. Japan Benchtop Tools Market by Product Type, 2022-2032, $ mn 64
Table 11. Japan Benchtop Tools Market by Application, 2022-2032, $ mn 64
Table 12. Japan Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 64
Table 13. China Benchtop Tools Market by Product Type, 2022-2032, $ mn 66
Table 14. China Benchtop Tools Market by Application, 2022-2032, $ mn 66
Table 15. China Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 66
Table 16. Australia Benchtop Tools Market by Product Type, 2022-2032, $ mn 68
Table 17. Australia Benchtop Tools Market by Application, 2022-2032, $ mn 68
Table 18. Australia Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 68
Table 19. India Benchtop Tools Market by Product Type, 2022-2032, $ mn 70
Table 20. India Benchtop Tools Market by Application, 2022-2032, $ mn 70
Table 21. India Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 70
Table 22. South Korea Benchtop Tools Market by Product Type, 2022-2032, $ mn 72
Table 23. South Korea Benchtop Tools Market by Application, 2022-2032, $ mn 72
Table 24. South Korea Benchtop Tools Market by Distribution Channel, 2022-2032, $ mn 72
Table 25. Benchtop Tools Market in Rest of APAC by Country/Region, 2022-2032, $ mn 74
Table 26. 3M Company: Company Snapshot 79
Table 27. 3M Company: Business Segmentation 80
Table 28. 3M Company: Product Portfolio 80
List of Figures
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 15
Figure 4. Asia Pacific Benchtop Tools Market, 2022-2032, $ mn 17
Figure 5. Impact of COVID-19 on Business 21
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Benchtop Tools Market 27
Figure 7. World Construction Industry, 2019-2030, $ trillion 30
Figure 8. Worldwide B2C E-commerce Market, 2019-2030, $ bn 30
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Benchtop Tools Market 31
Figure 10. Investment Opportunity Analysis 35
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Benchtop Tools Market 38
Figure 12. Breakdown of Asia Pacific Benchtop Tools Market by Product Type, 2022-2032, % of Revenue 43
Figure 13. Asia Pacific Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 43
Figure 14. Asia Pacific Benchtop Tools Market by Product Type: Cutting Tools, 2022-2032, $ mn 44
Figure 15. Asia Pacific Benchtop Tools Market by Product Type: Drilling Tools, 2022-2032, $ mn 45
Figure 16. Asia Pacific Benchtop Tools Market by Product Type: Grinding & Sanding Tools, 2022-2032, $ mn 46
Figure 17. Asia Pacific Benchtop Tools Market by Product Type: Jointers, Planers & Routers, 2022-2032, $ mn 47
Figure 18. Asia Pacific Benchtop Tools Market by Product Type: Other Products, 2022-2032, $ mn 48
Figure 19. Breakdown of Asia Pacific Benchtop Tools Market by Application, 2022-2032, % of Sales Revenue 50
Figure 20. Asia Pacific Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 50
Figure 21. Asia Pacific Benchtop Tools Market by Application: Residential Use, 2022-2032, $ mn 51
Figure 22. Asia Pacific Benchtop Tools Market by Application: Commercial Use, 2022-2032, $ mn 52
Figure 23. Asia Pacific Benchtop Tools Market by Application: Industrial Use, 2022-2032, $ mn 53
Figure 24. Asia Pacific Benchtop Tools Market by Application: Other Applications, 2022-2032, $ mn 54
Figure 25. Breakdown of Asia Pacific Benchtop Tools Market by Distribution Channel, 2022-2032, % of Sales Revenue 56
Figure 26. Asia Pacific Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%) 56
Figure 27. Asia Pacific Benchtop Tools Market by Distribution Channel: Online Sales, 2022-2032, $ mn 57
Figure 28. Asia Pacific Benchtop Tools Market by Distribution Channel: Offline Sales, 2022-2032, $ mn 58
Figure 29. Breakdown of APAC Benchtop Tools Market by Country, 2022 and 2032, % of Revenue 60
Figure 30. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 61
Figure 31. Benchtop Tools Market in Japan, 2022-2032, $ mn 63
Figure 32. Benchtop Tools Market in China, 2022-2032, $ mn 65
Figure 33. Benchtop Tools Market in Australia, 2022-2032, $ mn 67
Figure 34. Benchtop Tools Market in India, 2022-2032, $ mn 69
Figure 35. Benchtop Tools Market in South Korea, 2022-2032, $ mn 71
Figure 36. Benchtop Tools Market in Rest of APAC, 2022-2032, $ mn 73
Figure 37. Growth Stage of Asia Pacific Benchtop Tools Industry over the Forecast Period 75
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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