The Industrial Nailer Market is Expected to Grow at a CAGR of 7.9% and Reach a Valuation of US$1.15 Billion by the End of 2030, According to the IMF
Industrial Nailer Market by Category (Pneumatic, Cordless, Gasoline), Product (Brad & Pins, Coils, Roofing, Framing & Siding, Flooring, Sliding & Fence), Operation (Handheld, Automatic), Nail Length ( less than 20 mm, 20 to 40 mm, 40 to 60 mm, 60 to 80 mm, Greater than 80 mm) & Region – Forecast 2022 – 2030
DUBAIWATER, March 15, 2022 /PRNewswire/ — Future Market Outlook (IMF): The Industrial Nailer Market is Expected to Reach US$629.6 million in 2022, likely to increase at a healthy CAGR of 7.9% over the assessment period of 2022 to 2030.
Global demand for industrial nailers is expected to grow by nearly 7.9%, with end users showing a strong preference for cordless industrial nailers. A new study by ESOMAR certified company, Future Market Insights, offers detailed insights into key factors that are likely to influence the Industrial Nailers market in the long run
Industrial Nailers Market Size (2022)
Sales forecast (2030)
Global market growth rate (2022 to 2030)
Share of top 5 industry players
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Key Takeaways from FMI’s Industrial Nailers Report
- The United States and East Asian countries will remain the epicenter of growth, accounting for over 50% of revenue share by 2030
- Cordless industrial nailers will outsell pneumatic variants
- Framing and siding nailers will capture nearly a quarter of revenue share
- Automatic nailers are expected to grow in popularity, gaining 170 BPS from 2020 to 2030
- Furniture Segment to Generate Additional Dollar Opportunity US$153 million
“Concerns about injuries while using industrial nailers are prompting vendors to introduce enhanced safety features into their products, thereby reducing accidents,” concludes the IMF analyst.
COVID-19 Impact Analysis
The COVID-19 pandemic is expected to have a debilitating impact on global economic growth projections for fiscal year 2020-21 or possibly even longer. As economic activities in all countries come to a near standstill, major supply chain disruptions are to be expected.
The greatest weight of this shortfall is felt by the automotive and construction industries, both of which are extensive users of industrial nailers. Mandatory social distancing protocols to curb the spread of the virus have forced major construction and automakers to halt all on-site projects, leading to reduced production.
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Falling production levels in the aforementioned industries have also reduced the demand for pneumatic, cordless and gas-powered industrial nailers. This is expected to hamper the market’s revenue outlook in the short-term forecast period.
While conservative estimates call for a recovery between the next 8 to 14 quarters, the optimistic scenario foresees a rebound in growth over the next 5 to 8 quarters. The downturn will be moderate as consumers rely on their own carpentry skills to repair their furniture, which is keeping demand buoyant to a large extent.
The global industrial nail guns market is heavily consolidated, with prominent players relying on product launchers, divestments and acquisition of rival players to stay afloat. These include Stanley Black & Decker, Illinois Tool Work Inc., MAX Co. Ltd., Koki Holdings America Ltd. and Robert Bosch Power Tools GmbH.
In 2018, MAX United States CORP. launched the new PowerLite high pressure framing nailer. This nailer has the power to drive nails through engineered woods such as glulam (LSL) and laminated veneer (LVL) respectively.
In 2019, Stanley Black & Decker divested its Sargent and Greenleaf mechanical lock businesses in the security segment. In 2020, Everwin Pneumatic Corp launched a new industrial coil nailer product known as PN59 for the automotive segment.
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Industrial Nailer Industry Survey
Industrial Nailers Market by Category:
- Pneumatic industrial nailers
- Cordless Industrial Nailers
- Gas-powered industrial nailers
Industrial Nailers Market by Product:
- brad and pins
- Frame and coating
- Slides and fences
Industrial Nailers Market by Operation:
- Portable Industrial Nailers
- Automatic industrial nailers
Industrial Nailers Market by Nail Length:
- Less than 20 millimeters
- 20 to 40 millimeters
- 40 to 60mm
- 60 to 80 millimeters
- Above 80mm
Industrial Nailers Market by Application:
- Pallets and crates
- Manufacture of leather goods
- Steel skids
- Construction and framework
- Automotive interiors
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Key Questions Answered by the Report
- How fast will the industrial nail gun market grow?
- What is the size of the global industrial nail guns market?
- What are the major trends in the industrial nailers market?
- Which region holds the largest global industrial nailer market share?
- Who are the key players in the Global Industrial Nailer Market?
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About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. IMF is headquartered in dubaiand has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.
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SOURCE Future Market Outlook