March 25, 2021
According to the research report titled ‘Global Industrial Nailers Market Size study, by Category Type (Pneumatic, Cordless and Gas- powered), by Product Type (Brad & pins, Coils, Roofing, Framing & sheltering, Flooring, sliding & fencing and Others), by Operator (Handheld and automatic), Application (Furniture, Millwork, Pallet & crafting, Leather goods manufacturing, Steel skids, Construction & framing, Automatic interior and others), Nail length (less than 20mm, 20-40mm, 40-60mm, 60-80 mm and above 80 mm) and Regional Forecasts 2020-2027’, available with Market Study Report, global industrial nailers market size is projected to expand at 7.1% CAGR during 2020-2027.
Booming population along with rapid urbanization leading to growing construction sector is primarily propelling global industrial nailers market growth.
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According to the National Investment Promotion & Facilitation Agency, India construction industry was projected to increase by 5.6% from 2016 to 2021, as compared to 2.9% from 2011 to 2015. Highway construction/widening (9.8%), import cargo (5.8%), export cargo (10%), power generation (6.6%), and cargo at major ports (5.3%) are some of the activities that have led to flourishing construction sector in India. Likewise, construction sector in Germany amplified to over USD 571.51 billion in 2016 from USD 427.84 billion in 2010.
For those unfamiliar, nail weapons or industrial nailers are mechanical tools used in various end-use industries, including automobile, construction, furniture, and crafting to push nails into wood or other materials. These tools are powered by electromagnetism, compressed air, and highly flammable gases like propane or butane. Rising production of automobiles across the globe is propelling the demand for industrial nailers.
Despite the favorable business scenario, rising labor cost is likely to impede worldwide industrial nailers industry expansion over the forecast period.
Geographically, North America currently holds major market share, creditable to growing automotive vertical. Meanwhile. Asia Pacific industrial nailers industry is poised to amass notable profits by the year 2027, owing to increasing construction activities in the region.
Key players in worldwide industrial nailers market sphere are Joh. Friedrich Behrens AG, Jaaco Corp., Hilti North America Ltd., Grex Power Tools, EVERWIN Pneumatic Corp., Illinois Tool Works Inc., Stanley Black & Decker Inc., Apach Industrial Co. Ltd., and Aerosmith Fastening Systems.