The power tool market in New Zealand offers a wide range of power tools including drills, saws, sanders, grinders, and others that help amplify work efficiency across various end-use industries such as construction, automotive, electronics, and others. Power tools are equipment powered by electric motors or internal combustion engines that are used for sawing, cutting, shaping, sanding, grinding, fastening, and others. They assist in carrying out tasks efficiently. The growing construction industry in New Zealand has raised demand for power tools for activities such as drilling, cutting, and fastening.

New Zealand Power Tool Market Size in New Zealand is estimated to be valued at US$ 167.2 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024-2031.

Key Takeaways

Key players: Key players operating in the power tool market in New Zealand are Stanley Black Decker, Bosch, Makita, Milwaukee Electric ToolTech, Metabo HPT, and Among Others.

Stanley Black Decker, Bosch, and Makita have a dominant presence in the market. Stanley Black Decker offers a wide range of power tools for drilling, fastening, woodworking, sanding, grinding, sawing, and more. Bosch provides innovative power tools along with professional accessories and a complete range of outdoor power equipment. Makita offers products with advanced technologies like lithium-ion batteries and brushless motors.

Growing Demand: The growth of the construction industry in New Zealand has boosted demand for power tools. Power drills, saws, grinders, and other equipment are extensively used in construction activities like drilling, cutting, fastening, and material removal. Automotive repair and maintenance activities also drive market growth.

Technological Advancements: Major players are focusing on developing technologically advanced power tools with features like lithium-ion batteries, brushless motors, reduced vibrations, and compact designs. Advanced tools provide better efficiency, control, convenience, and safety to users. Cordless power tools have gained popularity over corded tools due to flexibility.

Market Trends

Growing popularity of brushless motor technology - Brushless motor technology provides improved efficiency, speed, and battery life. It has minimal wear and tear and produces less noise during operation. Major players have incorporated this technology in their power tool lineups.

Rising demand for compact and lightweight tools - There is increasing preference for tools that occupy less storage space and are easy to handle and transport. Manufacturers have designed ergonomic tools with magnesium or aluminum housing for improved portability.

Market Opportunities

Growth In Diy (Do-It-Yourself) Culture: The increasing popularity of DIY home improvement activities among consumers in New Zealand presents significant opportunities. Homeowners undertake small repair works and upgrade projects using power tools.

Expanding Demand From Industrial Sector: End-use industries like manufacturing, automotive, and electronics which require heavy-duty power tools for tasks like metalworking offer scope for growth. Market players can tap opportunities in industrial maintenance and repair applications.

Covid-19 Impact on New Zealand Power Tool Market

The outbreak of Covid-19 pandemic had a significant impact on New Zealand power tool market. During the initial phase of lockdowns in 2020, the demand from construction sites declined drastically due to halted activities. This directly impacted the sales of power tools in the country. However, with lifting of restrictions in mid-2020 and initiation of infrastructure projects by the government, the demand started reviving gradually. The construction of roads, bridges and other development works boosted procurement of drills, saws, sanders and other machinery.

The home improvement activities also surged significantly during the pandemic times as people spent more time at home. This spike in do-it-yourself projects among homeowners fueled the purchase of consumer-grade power tools for repairing, assembling and construction purposes. Various players capitalized on this trend by developing more portable, affordable and user-friendly power tools suitable for households. While commercial activities were affected initially, the demand from retail customers mitigated losses for manufacturers.

Going forward, the market is anticipated to maintain steady growth on the back of ongoing and planned infrastructure development projects. The New Zealand government is focusing on industries like transportation, energy and communications to accelerate economic recovery in post-COVID times. This will sustain the demand from construction and industrial sectors. Moreover, emergence of new trends like work-from-home is likely to sustain heightened interest of DIY activities, benefiting consumer power tools. Companies may witness opportunities by introducing specialized, eco-friendly and smart power tools catering to evolving consumer preferences.

Geographical Regions with High Concentration of New Zealand Power Tool Market
In terms of value, the region of Auckland captures over one-third share of total power tool market in New Zealand. The region being the economic hub with largest population drives significant construction as well as industrial activities. It also has concentration of many international companies generating demand.

The Canterbury region ranks second, accounting for close to 20% market share. Post devastating earthquake in 2011, the region underwent massive rebuilding process which stimulated procurement of various machinery. Ongoing residential and commercial reconstruction further aids the market.

Wellington region, the capital city area has been witnessing steady growth in infrastructure spending. Various public projects related to transportation, energy and social development augment the demand. It is identified as the fastest growing region for power tools in coming years based on planned project investments.

What are the key data covered in this New Zealand Power Tool Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the New Zealand Power Tool Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the New Zealand Power Tool Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- New Zealand Power Tool Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of New Zealand Power Tool Market vendors

FAQ’s

Q.1 What are the main factors influencing the New Zealand Power Tool market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top New Zealand Power Tool Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the New Zealand Power Tool market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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