eBay India Offers Power & Hand Tools online

By 121 News

Chandigarh 29th May:- eBay India (www.ebay.in) now offering the widest range of tools in the category, with over 50,000 products listed in the segment, thus enabling B2C commerce.

While giving more detail about it, Navin Mistry, Head Retail Exports and Lifestyle Category, eBay India said that shopping for power & hand tools online has now become an easy and convenient affair  with eBay. He further said that the market size for power & hand tools in India is currently estimated at Rs 1200 crore which is growing at 25% CAGR. The online market size of power & tool is less than one percent, however, with over 100 new tool launches every year, the market is projected to grow by over 130 per cent y-o-y. eBay India is the leader in the category with over 51 percent of the online market share in the segment. He informed that the top 5 states that selling Powers & Hand Tools online are Punjab, Haryana, Delhi, Tamil Nadu & Maharashtra. 

There are nearly 2500 power & hand tools manufacturers in India of which 95 percent are SMEs. Punjab and Haryana have nearly 450 hand tool units. 70 per cent of the power & hand tools industry is based in Jalandhar and Ludhiana with the balance spread out in cities like Sonepat and Faridabad. 

Navin Mistry said that sale of tools & equipment is a significant market in Punjab. However, with increasing competition from China and Taiwan, and to propel government's 'Make in India' vision, there's an urgent need to provide a thrust to Indian products by increasing their accessibility both globally and domestically. Clients are also choosing to buy tools independently and not in packs, hence online shopping and ebay.in has become the preferred option among shoppers.