Nail Guns Market
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The global nail guns market size was valued at USD 580.4 million in 2023 and is anticipated to register a CAGR of over 6.2% between 2024 and 2032. The growing adoption of nail guns in the construction and building industry is complemented by the rapid growth in construction spending in emerging markets.
As per hemusspart.com, construction spending in the US soared to an annual rate of $1,844.5 billion in February 2023, which highlights the growth of the market with a construction tool like the nail guns. With increasing urbanization and the creation of infrastructure, there is a bottleneck for time-efficient tools such as nail guns that reduce the toll of the building process. These nail guns are vital parts of the tools base in multiple construction processes such as framing and roofing as workers can attach things quickly to various materials and various surface types.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Nail Guns Market size in 2023: | USD 580.4 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6.2 |
| 2023 Value Projection: | USD 994.5 Million |
| Historical Data for: | 2021 - 2023 |
| No of Pages: | 225 |
| Tables, Charts & Figures: | 275 |
| Segments Covered: | Product Type, Power Source, Operation, End-use, Distribution channel, Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The growing residential and commercial construction activities have been pushing the demand for nail guns up. Since these nailers shorten the fastening time compared to manual fastening, they cater to this demand quite well. The manual fastening processes tend to be slow and laborious, especially hammering, which prolongs the overall project duration and inflates the labor costs. However, a nail gun facilitates easy and accurate fastening, thus, enhancing the overall efficiency while expediting the process.
The downside of cordless and pneumatic nail guns is that they are expensive, putting them out of reach for sole use and small contractors. This intimidation may present a financial impediment for a lot of potential customers, especially those who are on a fixed budget. Additionally, pneumatic nail guns need constant maintenance of air compressors to keep the nail guns working efficiently. Such costs become a part of the ownership costs, discouraging many from buying the newer and more industrious equipment that need constant maintenance to stay in good shape.
The recent developments in battery technologies are driving demand for cordless nail guns. These models are easier to use and more portable compared to the traditional air compressor-operated pneumatic models. In particular, lithium-ion batteries have revolutionized battery-operated nail guns by offering longer runtimes with faster recharging, making the tools more appealing to professionals on-site and DIY enthusiasts with their ease of use at home. The cordless nailers powered by the advanced lithium-ion batteries appeal to professionals on-site who require efficient and mobile tools and DIY users who do not want the hassle of air compressors.
The market is controlled by reputed names like Makita and Robert Bosch Tool Corporation, which account for almost 45% of the market share. A variety of strategic measures, for example, mergers and acquisitions or buying out competitors, etc., are being used by marketers in order to expand their market base or position.
Major players operating in the nail guns industry include:
Market, By Product Type
Market, By Power Source
Market, By Operation
Market, By End-use
Market, By Distribution Channel
The above information is provided for the following regions and countries:
Key players in the industry include Stanley Black & Decker, Freeman, Hilti Corporation, Hitachi, Makita, Max Corporation, Metabo, Milwaukee, Paslode, and Ridgid.
The North America nail guns market was valued at USD 153.3 million in 2023 and is projected to grow at a 6% CAGR during the forecast period, driven by robust construction and home renovation sectors.
The brad nailer segment dominated the market with USD 193.4 million in 2023 and is expected to grow at a 7% CAGR from 2024 to 2032 due to its versatility and suitability for precise, lightweight fastening tasks.
The global nail guns industry was valued at USD 580.4 million in 2023 and is anticipated to grow at a 6.2% CAGR from 2024 to 2032, driven by the rapid expansion of construction and infrastructure sectors in emerging markets.