India’s booming Power Tools sector is powering ahead, fueled by massive infrastructure projects and a rising DIY trend. Experts predict the market will more than double from $1.85 billion in 2025 to $3.8 billion by 2035, growing at a robust 7.8% CAGR. This explosive growth highlights India’s shift toward self-reliance in manufacturing, as government initiatives curb imports and boost local production.
The surge in Power Tools demand stems from heavy government spending on roads, railways, airports, and housing. Furniture makers, automotive aftermarkets, and everyday DIY enthusiasts also drive this momentum. Hand tools, Power Tools, and fasteners form the core of industries like automotive, aerospace, real estate, and smart cities, holding everything from appliances to machinery together.
Government Pushes Local Power Tools Manufacturing
To tap this potential and slash imports, the Union Government actively supports domestic makers. Post-pandemic, it allocated ₹3,000 crore to kickstart Power Tools production in India, reducing reliance on foreign suppliers and creating jobs.
At the Hand Tools & Fasteners Expo (HTF) in Mumbai, industry leaders shared optimism. Rajesh Peshion, General Manager at Osho Tools Pvt. Ltd., revealed his firm now crafts cold-forged and impact sockets locally—items once imported from China. “After five years of effort, we’ve replaced ₹100 crore in imports. With government backing, we can do even more,” Peshion said.
Neeraj Aggarwal, Director of De Neers Tools Ltd., announced two new Indian manufacturing units. “This cuts import dependence, sparks jobs, and strengthens our hand tools future,” he added.
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Aman Aggarwal, Managing Director of A Cube Tools & Hardware LLP, praised affordable alternatives like Dong Cheng tools. “They match European quality at lower costs, lasting six months to a year. Indian OEMs now trust these for reliable performance,” Aggarwal noted.
Key market projections from IMARC Group include:
- Hand Tools: $826 million in 2024 to $1.22 billion by 2033 (4.1% CAGR), backed by infrastructure and MSME upgrades.
- Power Tools: Cordless variants lead with superior safety, mobility, and efficiency.
- Exports Goal: From $1 billion today to over $25 billion by 2035.
Yogesh Mudras, Managing Director of Informa Markets in India, called the sector a “global enabler” for construction and electronics. Wouter Molman, Chief Commercial Officer for Informa Markets IMEA, emphasized building industry links for sustained growth.
As India eyes a $25 billion Power Tools export boom, local innovation promises jobs, savings, and a competitive edge. This transformation positions the nation as a manufacturing powerhouse.
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