Woodworking Tools Market Updates by 2031
Woodworking tools are used for manufacturing essential furniture and wood-related products with precision. From large machinery to handheld tools, woodworking tools and equipment used to manufacture essential products with increasing levels of precision, quality, and scale. Growing number of construction projects and an increase in renovation activities may serve as building blocks of growth for the global woodworking tools market.
MARKET DYNAMICS
Increasing commercial as well as residential construction and infrastructure projects are driving the growth of the woodworking tools market. However, the increase in safety risks and concerns due to improper use of hand tools may restrain the growth of the woodworking tools market. Furthermore, the growing manufacturing setups and increasing repair and maintenance operations is anticipated to create a market opportunity for the woodworking tools market during the forecast period.
MARKET SCOPE
The "Global Woodworking Tools Market Analysis To 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The woodworking tools market report aims to provide an overview of the woodworking tools market with detailed market segmentation by product type, application, and geography. The global woodworking tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading woodworking tools market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global woodworking tools market is segmented on the basis of product type and application. Based on product type, the woodworking tools market is segmented into: power tools, jigs, wood pins and plugs, and others. On the basis of application, the woodworking tools market is segmented into: industrial, commercial, and residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global woodworking tools market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The woodworking tools market by each region is later sub-segmented by respective countries and segments. The woodworking tools market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the woodworking tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the woodworking tools market in these regions.
IMPACT OF COVID-19 ON WOODWORKING TOOLS MARKET
The COVID-19 pandemic has burnt a hole in the growth of various business sectors across the world. This has led to tremendous losses across various industries around the globe. To contain the transmission of the novel coronavirus, almost every country across the world imposed a strict lockdown or stay-at-home orders. Manufacturing units and production facilities were shut, creating a negative impact on the growth of the woodworking tools market. However, to revive the economy and put it back on track, many countries are relaxing lockdown restrictions and are allowing manufacturing industries to open with limited strength. Popular furniture stores, such as IKEA are also reopening and have resumed furniture production. These aspects serve as a glimmer of hope for the woodworking tools market for growth recovery.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global woodworking tools market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The woodworking tools market by each region is later sub-segmented by respective countries and segments. The woodworking tools market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the woodworking tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the woodworking tools market in these regions.
IMPACT OF COVID-19 ON WOODWORKING TOOLS MARKET
The COVID-19 pandemic has burnt a hole in the growth of various business sectors across the world. This has led to tremendous losses across various industries around the globe. To contain the transmission of the novel coronavirus, almost every country across the world imposed a strict lockdown or stay-at-home orders. Manufacturing units and production facilities were shut, creating a negative impact on the growth of the woodworking tools market. However, to revive the economy and put it back on track, many countries are relaxing lockdown restrictions and are allowing manufacturing industries to open with limited strength. Popular furniture stores, such as IKEA are also reopening and have resumed furniture production. These aspects serve as a glimmer of hope for the woodworking tools market for growth recovery.
MARKET PLAYERS
The reports cover key developments in the woodworking tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from woodworking tools market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the woodworking tools market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the woodworking tools market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Altendorf GmbH
- DeWalt
- FEIN Power Tools Inc.
- General Tools and Instruments LLC
- Hida Tool
- Kreg Tool Company
- Makita
- Milwaukee
- Ridgid
- Robert Bosch GmbH
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Woodworking Tools Market - By Product Type
1.3.2 Woodworking Tools Market - By Application
1.3.3 Woodworking Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WOODWORKING TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WOODWORKING TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WOODWORKING TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. WOODWORKING TOOLS - GLOBAL MARKET OVERVIEW
6.2. WOODWORKING TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. WOODWORKING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. POWER TOOLS
7.3.1. Overview
7.3.2. Power Tools Market Forecast and Analysis
7.4. JIGS
7.4.1. Overview
7.4.2. Jigs Market Forecast and Analysis
7.5. WOOD PINS AND PLUGS
7.5.1. Overview
7.5.2. Wood Pins and Plugs Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. WOODWORKING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL
8.3.1. Overview
8.3.2. Industrial Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. RESIDENTIAL
8.5.1. Overview
8.5.2. Residential Market Forecast and Analysis
9. WOODWORKING TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Woodworking Tools Market Overview
9.1.2 North America Woodworking Tools Market Forecasts and Analysis
9.1.3 North America Woodworking Tools Market Forecasts and Analysis - By Product Type
9.1.4 North America Woodworking Tools Market Forecasts and Analysis - By Application
9.1.5 North America Woodworking Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Woodworking Tools Market
9.1.5.1.1 United States Woodworking Tools Market by Product Type
9.1.5.1.2 United States Woodworking Tools Market by Application
9.1.5.2 Canada Woodworking Tools Market
9.1.5.2.1 Canada Woodworking Tools Market by Product Type
9.1.5.2.2 Canada Woodworking Tools Market by Application
9.1.5.3 Mexico Woodworking Tools Market
9.1.5.3.1 Mexico Woodworking Tools Market by Product Type
9.1.5.3.2 Mexico Woodworking Tools Market by Application
9.2. EUROPE
9.2.1 Europe Woodworking Tools Market Overview
9.2.2 Europe Woodworking Tools Market Forecasts and Analysis
9.2.3 Europe Woodworking Tools Market Forecasts and Analysis - By Product Type
9.2.4 Europe Woodworking Tools Market Forecasts and Analysis - By Application
9.2.5 Europe Woodworking Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Woodworking Tools Market
9.2.5.1.1 Germany Woodworking Tools Market by Product Type
9.2.5.1.2 Germany Woodworking Tools Market by Application
9.2.5.2 France Woodworking Tools Market
9.2.5.2.1 France Woodworking Tools Market by Product Type
9.2.5.2.2 France Woodworking Tools Market by Application
9.2.5.3 Italy Woodworking Tools Market
9.2.5.3.1 Italy Woodworking Tools Market by Product Type
9.2.5.3.2 Italy Woodworking Tools Market by Application
9.2.5.4 United Kingdom Woodworking Tools Market
9.2.5.4.1 United Kingdom Woodworking Tools Market by Product Type
9.2.5.4.2 United Kingdom Woodworking Tools Market by Application
9.2.5.5 Russia Woodworking Tools Market
9.2.5.5.1 Russia Woodworking Tools Market by Product Type
9.2.5.5.2 Russia Woodworking Tools Market by Application
9.2.5.6 Rest of Europe Woodworking Tools Market
9.2.5.6.1 Rest of Europe Woodworking Tools Market by Product Type
9.2.5.6.2 Rest of Europe Woodworking Tools Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Woodworking Tools Market Overview
9.3.2 Asia-Pacific Woodworking Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Woodworking Tools Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Woodworking Tools Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Woodworking Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Woodworking Tools Market
9.3.5.1.1 Australia Woodworking Tools Market by Product Type
9.3.5.1.2 Australia Woodworking Tools Market by Application
9.3.5.2 China Woodworking Tools Market
9.3.5.2.1 China Woodworking Tools Market by Product Type
9.3.5.2.2 China Woodworking Tools Market by Application
9.3.5.3 India Woodworking Tools Market
9.3.5.3.1 India Woodworking Tools Market by Product Type
9.3.5.3.2 India Woodworking Tools Market by Application
9.3.5.4 Japan Woodworking Tools Market
9.3.5.4.1 Japan Woodworking Tools Market by Product Type
9.3.5.4.2 Japan Woodworking Tools Market by Application
9.3.5.5 South Korea Woodworking Tools Market
9.3.5.5.1 South Korea Woodworking Tools Market by Product Type
9.3.5.5.2 South Korea Woodworking Tools Market by Application
9.3.5.6 Rest of Asia-Pacific Woodworking Tools Market
9.3.5.6.1 Rest of Asia-Pacific Woodworking Tools Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Woodworking Tools Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Woodworking Tools Market Overview
9.4.2 Middle East and Africa Woodworking Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Woodworking Tools Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Woodworking Tools Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Woodworking Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Woodworking Tools Market
9.4.5.1.1 South Africa Woodworking Tools Market by Product Type
9.4.5.1.2 South Africa Woodworking Tools Market by Application
9.4.5.2 Saudi Arabia Woodworking Tools Market
9.4.5.2.1 Saudi Arabia Woodworking Tools Market by Product Type
9.4.5.2.2 Saudi Arabia Woodworking Tools Market by Application
9.4.5.3 U.A.E Woodworking Tools Market
9.4.5.3.1 U.A.E Woodworking Tools Market by Product Type
9.4.5.3.2 U.A.E Woodworking Tools Market by Application
9.4.5.4 Rest of Middle East and Africa Woodworking Tools Market
9.4.5.4.1 Rest of Middle East and Africa Woodworking Tools Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Woodworking Tools Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Woodworking Tools Market Overview
9.5.2 South and Central America Woodworking Tools Market Forecasts and Analysis
9.5.3 South and Central America Woodworking Tools Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Woodworking Tools Market Forecasts and Analysis - By Application
9.5.5 South and Central America Woodworking Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Woodworking Tools Market
9.5.5.1.1 Brazil Woodworking Tools Market by Product Type
9.5.5.1.2 Brazil Woodworking Tools Market by Application
9.5.5.2 Argentina Woodworking Tools Market
9.5.5.2.1 Argentina Woodworking Tools Market by Product Type
9.5.5.2.2 Argentina Woodworking Tools Market by Application
9.5.5.3 Rest of South and Central America Woodworking Tools Market
9.5.5.3.1 Rest of South and Central America Woodworking Tools Market by Product Type
9.5.5.3.2 Rest of South and Central America Woodworking Tools Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WOODWORKING TOOLS MARKET, KEY COMPANY PROFILES
11.1. ALTENDORF GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DEWALT
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FEIN POWER TOOLS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL TOOLS AND INSTRUMENTS LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HIDA TOOL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KREG TOOL COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MAKITA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MILWAUKEE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RIDGID
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ROBERT BOSCH GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Altendorf GmbH
2.DeWalt
3.FEIN Power Tools Inc.
4.General Tools and Instruments LLC
5.Hida Tool
6.Kreg Tool Company
7.Makita
8.Milwaukee
9.Ridgid
10.Robert Bosch GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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