Through the projection period, it’s predicted that the market for industrial nailers will surpass US$ 1.15 billion. Manufacturers and major market players always concentrate on increasing sales opportunities in the industry that will increase in terms of value and revenue, consequently opening up opportunities. Strong player competition and insufficient resource application may be the main market limitations.
“Product innovation and price competitiveness play a key role in shaping the market scenario. The escalating need in commercial sectors and rising need for an urban lifestyle is likely to drive market growth in near future. Developing economies drive the market more than the developed ones owing to greater needs,” says the FMI Analyst.
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Industrial Nailers Market – Key Highlights
- Industrial Nailers market is likely to create an incremental opportunity of value surpassing US$ 1 billion by 2030.
- The global market is expected to grow at a rapid pace, North America to present lucrative opportunities of US$ 128.4 million in the upcoming years.
- On the basis of end-use, automotive segment accounts for maximum revenue share.
- Coil nailers market accounts for 20% of the total industrial nailers market.
Industrial Nailers Market – Driving Factors
- Due to rising population and their urban housing needs or the need in millwork, furniture market is expanding globally.
- High demand in commercial construction industry, developing economies, infrastructure projects drives the market to a great extent.
- Rapid industrialization, urbanization and well-established construction, heightened furniture sales is paving tracks for market expansion.
- Owing to the advantages of it in car interiors like car frame or leather, manufacturers are depending more on it.
Industrial Nailers Market – Key Restraints
- Rising rate of severe injuries can hamper the growth of nail gun market.
- Incompatibility results in limited application of resources which hinders market growth.
Expected Impact on Market by Coronavirus Outbreak
Strict lockdown and social distancing is likely to reduce the production and demand for industrial nailers will remain sluggish due to reduced construction and minimum human contact. Key producers and players are likely to improve their strategies by working on product innovation for marking a better footprint in the market. Reduced demand for pneumatic, cordless and gas powered industrial nailers has affected the industry negatively.
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Industrial Nailers Industry Survey
Industrial Nailers Market by Category:
- Pneumatic Industrial Nailers
- Cordless Industrial Nailers
- Gas-powered Industrial Nailers
Industrial Nailers Market by Product:
- Brad & Pins
- Coils
- Roofing
- Framing & Sheathing
- Flooring
- Sliding & Fencing
- Others
Industrial Nailers Market by Operation:
- Handheld Industrial Nailers
- Automatic Industrial Nailers
Industrial Nailers Market by Nail Length:
- Less than 20 mm
- 20 to 40 mm
- 40 to 60 mm
- 60 to 80 mm
- Above 80 mm
Industrial Nailers Market by Application:
- Furniture
- Millwork
- Pallets & Crating
- Leather Goods Manufacturing
- Steel Skids
- Construction & Framing
- Automotive Interiors
- Others
Industrial Nailers Market by Region:
- North America Industrial Nailers Market
- Latin America Industrial Nailers Market
- Europe Industrial Nailers Market
- East Asia Industrial Nailers Market
- South Asia & Pacific Industrial Nailers Market
- Middle East & Africa (MEA) Industrial Nailers Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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