THE POWDER-ACTUATED TOOLS MARKET SIZE WAS VALUED AT USD 567.98 MILLION IN 2021 AND IS EXPECTED TO REACH USD 646.98 MILLION BY 2027, GROWING AT A CAGR OF 2.19%.

The Global Powder-Actuated Tools Market Size, Share, & Trends Analysis Report by

  • Type of Operation: Manual, Semi-automatic, and Automatic
  • End-user: Construction and Manufacturing
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2027

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5 Regions

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17 Countries

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17 Companies

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3 Market Segment

POWDER-ACTUATED TOOLS MARKET REPORT SCOPE

Report Attribute Details
Market Size (2027) USD 646.98 Million
Market Size (2021) USD 567.98 Million
CAGR (2022-2027) 2.19%
Base Year 2021
Forecast Year 2022-2027
Market Segments Type of Operation, End-user, and Geography
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa

MARKET INSIGHTS

The global powder-actuated tools market is expected to reach USD 646.98 million by 2027 from USD 567.98 million in 2021, growing at a CAGR of 2.19% from 2022-2027. Increasing demand for convenient and effective tools in the construction industry to lessen total lead time and enhance effectiveness is anticipated to drive market growth. Easy accessibility to the powder-actuated tools market through e-commerce and retail channels will likely attract more consumers and drive industry growth. Powder-actuated tools are generally used in industrial and household applications such as renovation, maintenance and repair work, and others. Efficient and effortless operations are key factors that propel the demand for powder-actuated tools worldwide.

Powder-actuated tools, also known as explosive-actuated fastening tools, are used to attach materials to solid bases such as concrete, steel, or masonry. Their operation is similar to a gun and must be operated with at most care. In addition, only an individual with proper training in the particular tool shall be allowed to operate a powder-actuated tool. Factors such as technological transformation along with essential changes in designs and installation, rising complexity of building projects, stringent norms, and many other factors are supporting the growth of the construction industry. In addition, rising urbanization, growing population, and enhancing domestic and regional economic conditions indirectly drive the construction industry. Thus, such developments stimulate the global demand for powder-actuated tools during the forecast period.

Key Winning Imperatives in the Global Powder Actuated Tools Market

  • The construction and manufacturing industries are the significant drivers of powder-actuated tools.
  • The appropriate use of direct fastening methods can increase productivity by almost five times, depending on the procedure used and the type of application.
  • The powder-actuated tools are fast, reliable, and inexpensive. These are light and medium weighted objects. These tools save up to 80% on in-place fastening costs.

MARKET TRENDS & DRIVERS

Growing Demand For Prefabricated Buildings
The high accuracy in the production of the prefabrication construction allows joists, trusses, and walls to be prefabricated off-site at a fast speed. Onsite, the space needs are minimal, allowing easy and quick assembly. Such factors strongly reflect that the prefabricated building industry has become one of the most significant sectors for vendors to cater to such demands. Such factors are anticipated to propel the demand for the powder-actuated tools market during the forecast period.

Increasing Opportunity In Insulting Fastening
Through proper training, insulation fastening crews can be demonstrated the right techniques and the care and operation of the latest equipment to become more productive on the job. Such factors can create better opportunities for the powder-actuated tools market players to develop better insulation fastening designs. 

Growing Construction Industry
Factors such as the increasing complexity of building projects, stringent policies governing employee safety, the use of advanced tools, the need for energy efficiency, and better productivity have emerged as major concerns in the construction industry. The growth is more concentrated in the real estate and residential sectors, which are majorly supported by low-interest rates and rising disposable incomes among populations. Such developments stimulate the growth of the global powder-actuated tools market during the forecast period.

INDUSTRY CHALLENGES

Fluctuations In Raw Materials Pricing
Raw material costs comprise approximately 50% to 60% of the overall cost of production. The prices of major raw materials used to manufacture powder-actuated tools have been volatile over the last few years. The volatility of raw material prices poses a serious threat to vendor margins. Other operating expenses, such as labor wages, also sharply increase. Chinese manufacturers add more worries to the company’s top line. These factors burden the vendors striving to produce efficient powder-actuated tools at affordable costs to cope with the competition in the market

SEGMENTATION ANALYSIS

INSIGHTS BY TYPE OF OPERATION
The automatic segment dominates the global powder-actuated tools market and accounts for a revenue share of 49.50% in 2021, and is expected to witness an absolute growth of 17.11% by the end of 2027. In automatic powder-actuated tools, automatic piston returns and load advancement for fast application speed are available. Such tools drive into concrete and steel substrates for application versatility. Also, such devices have adjustable power settings. They can be used for interior and exterior framing, mechanical installation, electrical installations, insulation and surface preparation, and concrete framing. This segment's revenue is expected to reach USD 329.27 million by 2027, the fastest growing at a CAGR of 2.67% during the forecast period.

INSIGHTS BY END-USER
The construction segment dominated the global powder-actuated tools market and accounted for a revenue share of 62.56% in 2021 and is expected to witness an absolute growth of 15.91% by the end of 2027. Powder-actuated tools are used to bond several construction materials, such as wood to concrete, steel to concrete, metal to concrete, and steel to steel. This segment's revenue is expected to reach USD 411.86 million by 2027, the fastest growing at a CAGR of 2.49% during the forecast period. In North America, the segment is expected to add an additional revenue of USD 26.19 million, growing at a CAGR of 3.03% during the forecast period.

GEOGRAPHICAL LANDSCAPE

In 2021, North America emerged as the largest powder-actuated tools market, with a revenue share of 37.87%. Large-scale industries, such as construction, are driving the market for powder-actuated tools in the region. Furthermore, the DIY culture is highly predominant in North America, so tools such as compact and strong powder-actuated tools could have greater demand in the region. However, proper certification is required for powder-actuated tools before using the tool.

Geographically, Europe is the second-largest industry for powder-actuated tools since the region is home to world-class manufacturing facilities, accounting for approximately 28.54% of the global powder-actuated tools market in 2021. APAC comes after Europe and is expected to grow at a CAGR of 1.76% during the forecast period owing to the rapid rise in the number of construction and infrastructural development projects, automotive, and in growing economies of India, China, Indonesia, and Thailand.

VENDOR ANALYSIS

The global powder-actuated tools market is fragmented, with many small and medium-sized manufacturers accounting for a significant industry share. Some prominent players with a dominant presence in the industry include Hilti, Illinois Tool Works, DEWALT, and Simpson Strong-Tie. Many major vendors are adopting innovative and safe technologies to retain their position. The industry's future will rely on developing new products and safety features. For instance, key companies have designed automatic powder-actuated tools that are safer than manual powder-actuated tools. However, to use such tools, proper certification is needed. Thus, the launch of such advanced products has enabled global vendors to capture market attention.

Frequently Asked Questions

What is the revenue from the global powder-actuated tools market?

The global powder-actuated tools market was valued at USD 567.98 million in 2021. Factors such as the rising demand for technologically advanced tools and the rapid expansion of the construction industry are driving growth.

What is the growth rate of the global powder-actuated tools market?

The global powder-actuated tools market share is expected to grow at a CAGR of 2.19% from 2022 to 2027. Rapid industrialization and urbanization in developing countries, such as India and China, due to several national government initiatives for infrastructure development have contributed to a surge in commercial and residential construction activities, which is anticipated to enhance the demand for powder-actuated tools during the forecast period.

What is the projected market size of the global powder-actuated tools market by 2027?

The global powder-actuated tools market size is expected to reach USD 646.98 Million by 2027.

Which region dominates the global powder-actuated tools market?

In 2021, North America dominated the powder-actuated tools market, followed by Europe and APAC.

What are the key driving factors in the powder-actuated tools market?

The key driving factors in the powder-actuated tools market are the growing demand for prefabricated buildings, increasing opportunity in insulating fastening, and increasing prominence of Asian manufacturing.

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The powder-actuated tools market is expected to grow at a CAGR of approximately 2.19% from 2022 to 2027.

The following factors are likely to contribute to the growth of the powder-actuated tools market during the forecast period:

  • Cost-Efficient Powder Actuated Tools
  • Growing Construction Industry
  • Growth in the Use of Fasteners

Base Year: 2021

Forecast Year: 2022-2027

The report considers the present scenario of the powder-actuated tools market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Company Profiles

  • Hilti
    • Business Overview
    • Product Offerings
  • Ramset
  • Tapcon
  • DEWALT
  • Simpson Strong-Tie
  • CS Industries
  • Walter Machine
  • Allfasteners
  • Powers Fasteners
  • Alma Bolt Company (ABC) Fastener
  • Hsin Ho
  • Pregun Industrial
  • S.Johnston
  • United Fasteners
  • Superfix
  • Tarboya
  • Ronix

Segmentation by Type of Operation

  • Manual
  • Semi-automatic
  • Automatic

Segmentation by End-user

  • Construction
  • Manufacturing

Segmentation by Geography

  • APAC
    • China
    • India
    • South Korea
    • Japan
    • Australia
  • North America
    • US
    • Canada
  • Europe
    • UK
    • France
    • Italy
    • Germany
    • Spain
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

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