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Nail Guns Market Size

  • Report ID: GMI12282
  • Published Date: Nov 2024
  • Report Format: PDF

Nail Guns Market Size

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 market is witnessing significant growth, largely driven by the rapid expansion of construction and infrastructure sectors, especially in emerging markets.

 

For instance, according to the U.S. Census Bureau, construction spending in the United States reached an annual rate of $1,844.5 billion in February 2023, a 5.6% increase from the previous year, indicating a robust demand for construction tools like nail guns. With rising urbanization and the need for robust infrastructure, there is a high demand for efficient tools like nail guns that can streamline building processes. Nail guns play a critical role in various construction applications such as framing, roofing, and flooring, as they enable workers to fasten materials quickly and securely.
 

Increased construction of both residential and commercial buildings is adding to the demand for nail guns. As construction projects grow in scale and complexity, the industry faces mounting pressure to complete tasks on time while managing costs. Nail guns contribute to this need by drastically reducing the time required for fastening tasks compared to manual methods. Traditional hammering is not only time-consuming but also physically taxing, often leading to slower project timelines and higher labour costs. Nail guns, on the other hand, allow for rapid, precise fastening, helping construction teams to achieve faster turnaround times and optimize productivity.
 

Nail guns, particularly advanced cordless and pneumatic models, often come with high upfront costs, making them less accessible for individual users and small construction firms. This initial investment can be a deterrent, especially for those with budget constraints. Furthermore, pneumatic nail guns require regular maintenance, including upkeep of air compressors, to ensure consistent performance. These ongoing maintenance expenses add to the total cost of ownership, potentially discouraging users who may be unwilling to commit to the long-term care needed to keep the equipment in optimal condition.

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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 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.

Key players in the industry include Stanley Black & Decker, Freeman, Hilti Corporation, Hitachi, Makita, Max Corporation, Metabo, Milwaukee, Paslode, and Ridgid.

Nail Guns Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 275
  • Countries covered: 19
  • Pages: 225
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