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Nail Guns are designed to drive nails into tough material such as metal, wood, and others. A nail gun is power sourced by compressed air, electromagnetism, or highly flammable gases such as butane or propane unlike manual labour tools such as a hammer. Cordless Nail Guns is also gaining huge popularity due to increasing usage of Li-ion batteries. Nail gun has been commonly used in industrial and household applications like maintenance and repair work, renovation, and much more. Effortless and efficient operations are some of the prominent factors driving the demand for nail guns globally. The global nail gun market is expected to grow at an approx. CAGR of 3.8% in the forecast period 2021-2027.
The nail gun market has a huge potential to grow in the upcoming years with a substantial growth rate. The market growth is supported by various factors such as the rising construction industry, increasing demand for technologically advanced tools. The rising trend of DIY (Do- It- Yourself) has also increased the demand for convenient power tools such as nail guns in household and industrial applications. Owing to convenient operations and easy mobility, the nail gun has gained huge popularity in residential use.
COVID-19 led to unavailability of various maintenance and repair services for the residential sector. Several household services were inaccessible due to the lockdown imposed in several countries, which in turn led people to repair their houses on their own. Hence, considerable rise in residential applications was observed in the year 2020.
Moreover, increasing usage of online sales channel as preferred distribution channel is another major reason for the growth of nail gun market across the globe. A cordless nail gun is power sourced using Li-ion batteries that provide portability as they are independent from electric source. Leading companies are focusing on using lightweight metals such as magnesium to provide easier portability. For instance, Stanley Black & Decker Dewalt is equipped with a maintenance free motor and has a magnesium body that makes it extremely light weight. A cordless nail gun is witnessing huge popularity across the globe and is expected to grow at constant pace in the nail gun market during the forecast period.
Segmentation Overview of Nail Gun Market
The nail gun market has been segmented based on gun type, nail gauge, application, power type, distribution channel and region. These major segments are further categorized into sub-segments to study the market in detail.
By Gun Type:
Geographically, the nail gun market has been divided into North America, Asia Pacific, Europe, the Middle East and Africa and South America. As per the studies, Asia Pacific region is expected to grow with the highest CAGR in the forecast period. China and India being the most developing economies are the key market players in the Asia Pacific region. Industrial and economic development leads to more construction, renovation, and woodwork which is propelling the market growth in the Asia Pacific region significantly. Europe region is the second-largest growing market followed by North America region. Growing infrastructure and presence of key players in the North America region are the key factors driving the market growth in the forecast period.
Key Players Insight
The major players in the market are Emerson Electric Co., Hilti Corp., Illinois Tool Works Inc., Koki Holdings Co. Ltd., Powernail Co Inc., Robert Bosch GmbH, Stanley Black & Decker, Inc., Techtronic Industries Co. Ltd. and Puma Industrial Co. Ltd. among others. Companies constantly look to expand their existing user base by rolling out technologically advanced products to stand out in the intense competition. The nail gun market is fragmented and has high competence owing to presence of various domestic market players. Companies focus on providing innovative and cost-efficient products to gain more visibility in the global market space.