Tools & Machines - Central Africa

In 2024, the revenue generated in the Tools & Machines market in Central Africa amounts to US$1.21bn.
This market segment is expected to grow annually by 3.94% (CAGR 2024-2029).
When compared globally, China generates the highest revenue with US$78bn in 2024.
In terms of per person revenues, in Central Africa, each individual generates US$12.55 in 2024.
The demand for high-quality tools and machines in Central Africa is rapidly increasing, driven by the region's growing infrastructure projects.

Definition:

In the segment Tools & Machines, the focus lies on the different types of tools that can be used for DIY & Hardware. This includes the most common types of tools such as hand tools and power tools as well as measuring and marking tools. Also, tools accessories such as replaceable parts of tools are covered by this segment.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Hand tools
Power tools
Measuring & marking tools
Tool accessories

Tool storage & work surfaces
Power & electrical supplies (power inlets, solar energy kits, extension cords, etc.)
Professional construction machinery and masonry tools (cement mixer, power trowels)
Industrial gases & accessories
Vacuum cleaners
Car accessories
Workwear & protective clothing

The Central Africa DIY & Hardware Store Market, specifically the Tools & Machines Market, is experiencing slow growth due to several factors, such as limited access to modern technology, low consumer awareness, and a lack of convenience in purchasing hardware and tools.

Customer preferences: The Tools & Machines Market within the DIY & Hardware Store Market in Central Africa has witnessed a significant shift towards eco-friendly and sustainable products. Consumers are increasingly prioritizing environmentally friendly options, driven by growing awareness of the impact of everyday choices on the environment. This has resulted in a surge in demand for products such as energy-efficient tools and machines, as well as recycled and biodegradable materials. Furthermore, with the rise of conscious consumerism, many shoppers are also seeking out products that align with their personal values and morals.

Trends in the market: In Central Africa, the Tools & Machines Market within the DIY & Hardware Store Market is experiencing a rise in demand for energy-efficient and eco-friendly products. Consumers are becoming more conscious of their environmental impact and are willing to pay a premium for sustainable products. This trend is expected to continue as governments and organizations in the region are promoting green initiatives. Additionally, the increasing use of e-commerce platforms for purchasing tools and machines is providing more convenience for consumers and driving growth in the market. This trend is likely to have a significant impact on industry stakeholders, as they will need to adapt their product offerings and marketing strategies to cater to the growing demand for sustainable and online shopping options.

Local special circumstances: In Central Africa, the Tools & Machines Market within the DIY & Hardware Store Market is heavily influenced by the region's limited access to modern technology and infrastructure, as well as cultural preferences for traditional building techniques. This has resulted in a high demand for locally made tools and machines that cater to the unique needs of construction and home improvement projects in the region. Additionally, regulatory restrictions on importing foreign tools and machines also play a significant role in shaping the market's dynamics in this region.

Underlying macroeconomic factors: The Tools & Machines Market within the DIY & Hardware Store Market in Central Africa is largely influenced by macroeconomic factors such as economic stability, government policies, and infrastructure development. With a growing population and increasing urbanization, there is a greater demand for affordable and efficient tools and machines in the region. Additionally, global economic trends, such as the rise of e-commerce and the growth of the construction industry, also impact the market. National economic health and fiscal policies play a crucial role in creating a conducive environment for market growth, with supportive policies and investments leading to a thriving market. Overall, a stable economy and favorable government policies are key to driving growth and innovation in the Tools & Machines Market within the DIY & Hardware Store Market in Central Africa.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

For those who want to start a do-it-yourself project to improve their home or give it a new style, the Home Depot might be considered a shopping paradise. Whether consumers prefer to buy in-store or online, the Home Depot offers a wide range of products such as appliances, building materials, hardware, indoor garden furniture, paint, kitchen, and bath decorating items, among other important products for home improvement projects. With stores across North America, the company is the leading DIY and home improvement chain in the United States and Canada. By the end of the fiscal year 2023, Home Depot had generated over 152 billion U.S. dollars in revenue, and its revenue in the previous year placed it as the home improvement leader worldwide.