United Kingdom Power Tools Market is Estimated to Witness High Growth Owing to Technological Advancements

The United Kingdom power tools market is primarily driven by increasing construction and infrastructure development activities across both commercial and residential sectors. Power tools such as drills, saws, sanders and other woodworking tools are witnessing high demand from woodworking industry in the country. Growing DIY trend among home owners for various repair and maintenance activities is also fueling the sales of power tools in the country. Technological advancements in battery driven products have resulted in energy efficient and portable power tools which can significantly reduce operational costs and ease of use.

The United Kingdom Power Tools Market is estimated to be valued at USD 1.77 Bn in 2024 and is expected to reach USD 3.84 Bn by 2031, growing at a CAGR of 11.7% from 2024 to 2031.

Key players operating in the United Kingdom power tools are Ralli Wolf,Jiangsu Dongcheng Power Tools Co., Ltd.,Ingersoll Rand India,Fixtec,Kseibi Tools.

These players are focusing on developing innovative battery driven products and providing aftersales support and services to customers.

The United Kingdom Power Tools Market provides numerous opportunities for both international and domestic players. Ongoing infrastructure projects, rise in renovation activities and growing demand for power tools from industrial users are fueling new product development and sales. Technological advancements in lithium-ion batteries have enabled development of cordless power tools with high power output and longer runtime. Manufacturers are integrating advanced lithium-ion technologies to launch more energy efficient power tools.

Market drivers
Growing construction industry in the UK is one of the major drivers of the power tools market. According to Invest UK, construction industry is estimated to grow at a rate of 3.3% annually till 2025. Both commercial and residential construction witnessed significant rise post COVID pandemic. This has increased the demand of power tools such as drills, saws, grinders for various construction activities.

Secondly, increasing disposable income has encouraged DIY/home improvement projects among individuals. Power tools play a vital role in quick and efficient completion of small repair works. Development of compact, lightweight power tools has further expanded their adoption in household applications. The above mentioned factors are estimated to propel the UK power tools market during forecast period.

Current challenges in the United Kingdom power tools market:
Due to the COVID-19 pandemic, the United Kingdom power tools market faced major disruptions in the supply chain. Temporary closures of manufacturing facilities and restrictions on transportation had led to delays in new product launches and shortages of certain essential tools. The nationwide lockdowns in 2020 led to a decline in construction activities and do-it-yourself (DIY) projects, impacting the demand for power tools. Inflation in the prices of raw materials like steel and transportation cost increases are putting pressure on manufacturers' margins. High energy prices are also a matter of concern as it raises the overall production cost for power tools. However, the market is slowly recovering as restrictions are being lifted and infrastructure development projects are restarting.

SWOT Analysis
Strength: The United Kingdom has strong domestic manufacturers like Ralli Wolf, JCB Tools and Einhell supplying quality power tools. New product launches incorporating latest technologies like brushless motors and lithium-ion batteries give competitive advantage.
Weakness: High dependency on imports from China and other Asian countries makes the market vulnerable to supply chain disruptions. Certain universal voltage power tools lack compatibility with electric sockets in the UK.
Opportunity: Rising home improvement and maintenance activities are driving demand for DIY power tools. Government incentives and investments in infrastructure, housing and energy sectors present opportunities.
Threats: Economic uncertainties and high inflation rate can reduce disposable incomes affecting power tools spending. Strict environmental regulations increase compliance costs for manufacturers.

Geographical regions:
The southern region of the United Kingdom including London accounts for the largest share in terms of value sales of power tools. Presence of major construction projects, manufacturing industries and businesses drive the demand.

Fastest growing region:
The northern region of the United Kingdom encompassing cities like Manchester and Leeds is projected to be the fastest growing market for power tools during the forecast period. Major industrial and infrastructure developments underway in this region will boost the demand for construction equipment and power tools.

Get this Report in Japanese Language: 英国電動工具市場

Get this Report in Korean Language: 영국 전동 공구 시장

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)