Multinational Companies Dominate the Power Tools' Market

- Aug 20, 2018 -

Similar to the appliance parts industry such as the washing machine clutch, the Chinese domestic power tool parts manufacturers can be roughly divided into three types: one is the electric tool machine manufacturer, the company produces the parts by itself, and then assembles into the whole machine; Large-scale power tool parts manufacturers specialize in supplying parts for power tool manufacturers; third, small and medium-sized enterprises engaged in the production of power tool parts and components, and power tool parts as an accessory product.

After years of developments, the global power tool industry has formed a relatively stable competitive landscape. Large multinational companies such as Bosch, Makita, Black & Decker and Hitachi occupy a major market share. In the Chinese domestic market, despite the increasing in the market share of domestic brands, it has not yet shaken off the situation of large multinational companies occupying the high-end power tools market. Manufacturers entering the large-scale power tool multinational company qualified supplier system generally have industry-leading technology, research and development capabilities, product quality, supply capacity and corporate reputation, and once the customer establishes a purchasing relationship with the supplier, it will not be easy in the short term. With the change, the industry-leading power tool parts manufacturers have a relatively stable market share.

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