Punjab and Haryana are the Top 2 selling states in the segment,

USA and Canada are the Top 2 buying countries

Laboratory Instruments provide growth opportunities to sellers from Punjab & Haryana

NewZNew (Chandigarh) : Shopping for power & hand tools online has now become an easy and convenient affair with eBay India (www.ebay.in) offering the widest range of tools in the category, with over 50,000 products listed in the segment, thus enabling B2C commerce.

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.

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.

Mr. Navin Mistry, Head Retail Exports and Lifestyle Category, eBay India said, “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.”

The top selling categories under Power & Hand Tools are

Laboratory Instruments in India is currently estimated at USD1.03 billion, expected to grow at 42 percent y-o-y. Though the current online market size for this category is negligible, however, on ebay.in, the category is witnessing growth rates of 200 percent with exports from Punjab and Haryana contributing significantly to the category. The top 3 selling items under Laboratory Instruments are Microscopes, Dental Accessories and Orthopedic products.

Consumers have the option to make purchases via EMI through ICICI, Citibank and HDFC, credit cards and also redeem their PAYBACK points while shopping on ebay.in. All purchases are covered under the eBay Guarantee which ensures refund or replacement in case a consumer is unhappy with the purchase.