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 the rising need for an urban lifestyle are likely to drive market growth in the 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, the automotive segment accounts for the maximum revenue share.
- Coil nailers market accounts for 20% of the total industrial nailers market.
Industrial Nailers Market – Driving Factors
- Due to the rising population and their urban housing needs or the need in millwork, the furniture market is expanding globally.
- High demand in the commercial construction industry, developing economies, and infrastructure projects drive 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 frames or leather, manufacturers are depending more on it.
Industrial Nailers Market – Key Restraints
- The rising rate of severe injuries can hamper the growth of the 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 to mark 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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