Quanfeng Holdings Limited (hereinafter referred to as 'Quanfeng' or 'the Company') successfully listed on December 30, 2021, with a global issuance of 71.9 million shares at a price of HK$43.6 per share, raising approximately HK$2.957 billion.
During the Hong Kong listing process, Frost & Sullivan mainly undertook the following tasks: helping the company accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the company's competitive advantages, assisting the company, investment banks, and other intermediaries in completing the relevant parts of the prospectus (such as the overview, competitive advantages and strategy, industry overview, business, and other important sections), facilitating communication with the Hong Kong Stock Exchange and investors, helping investors quickly understand the market ecosystem and competitive landscape, and assisting the company in completing feedback on various industry-related issues from the Hong Kong Stock Exchange.
Global Power Tools Market Overview
According to a Frost & Sullivan report, the global power tool market, calculated by revenue, grew from $30.9 billion in 2016 to $39.2 billion in 2020 at a compound annual growth rate of 6.1%, and is expected to further grow at a compound annual rate of 5.5% to reach $51.3 billion by 2025.
According to a Frost & Sullivan report, power tools can be divided into two categories based on the source of power (i.e., electric tools and other power tools). In terms of revenue, electric tools constitute the main part of the market and are expected to grow at a compound annual rate of 5.9% to reach $386 billion by 2025. In the other power tool segment, although pneumatic tools are becoming a potential alternative to electric tools used by professional and industrial end-users, the commercial production scale of pneumatic tools is still small.
Global power tools market by category: market size breakdown
Forecast from 2016 to 2025
Source: Frost & Sullivan report
According to a Frost & Sullivan report, power tools can be further divided into two categories based on power supply technology: cordless (or lithium-ion, direct current (DC)) and corded (or alternating current (AC)). The cordless segment of the power tool market (excluding parts and accessories) is expected to grow from $10.3 billion in 2020 to $16.4 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%, which is higher than the CAGR of 2.1% for the corded segment during the same period.
Global Electric Tools Market by Power Supply Technology - Market Size Breakdown
Forecast from 2016 to 2025
Source: Frost & Sullivan report
According to a Frost & Sullivan report, power tools can be further divided into two categories based on end-user category: industrial/professional and consumer. Industrial/professional power tools constitute the main part of the market and are expected to grow from $202 billion in 2020 to $271 billion in 2025 at a compound annual growth rate of 6.1%. Consumer power tools are expected to grow from $8.9 billion in 2020 to $11.5 billion in 2025 at a compound annual growth rate of 5.3%.
Global Electric Tools Market by End-user Category: Market Size Breakdown
Forecast from 2016 to 2025
Source: Frost & Sullivan report
According to a Frost & Sullivan report, North America and Europe are the largest markets for power tools based on 2020 revenue, with revenues of $117 billion and $105 billion respectively, accounting for 40.2% and 36.1% of the global power tool market. The Asia-Pacific region's power tool market revenue in 2020 was $5 billion, accounting for 17.2% of the global power tool market. It is expected that the North American power tool market will grow further by a compound annual growth rate of 7.8% to reach $171 billion by 2025. The European power tool market is expected to grow further by a compound annual growth rate of 3.3% to reach $124 billion by 2025. The Asia-Pacific region's power tool market is expected to grow further by a compound annual growth rate of 6.5% to reach $69 billion by 2025.
Global Electric Tools Market by Region: Market Size Details
Forecast from 2016 to 2025
Source: Frost & Sullivan report
Global Horticultural Tools Market Overview
According to a Frost & Sullivan report, the global gardening tool market size increased from $201 billion in 2016 to $250 billion in 2020 at a compound annual growth rate of 5.6%, and revenue is expected to grow further by 5.3% to reach $324 billion by 2025.
According to a Frost & Sullivan report, gardening tools can be divided into three categories based on the source of power: gasoline engines, cordless electric, and cordless (excluding parts and accessories). The market size for cordless electric gardening tools is expected to grow from $3.6 billion in 2020 to $5.6 billion in 2025 at a compound annual growth rate of 9.0%, which is higher than the growth rate for other sectors during the same period.
Global Horticultural Tools Market: Market Size by Power Source
Forecast from 2016 to 2025
Source: Frost & Sullivan report
According to a Frost & Sullivan report, North America and Europe are the largest markets for gardening tools based on 2020 revenue, with revenues of $13.8 billion and $7.9 billion respectively, accounting for 55.2% and 31.6% of the global gardening tool market. The market size of gardening tools in Asia-Pacific region was $2.5 billion in 2020, accounting for 10.0% of the gardening tool market. It is expected that the North American gardening tool market will grow further by a compound annual growth rate of 5.9% to reach $18.4 billion by 2025. The European gardening tool market is expected to grow further by a compound annual growth rate of 4.4% to reach $9.8 billion by 2025. The Asia-Pacific region gardening tool market is expected to grow further by a compound annual growth rate of 5.4% to reach $3.3 billion by 2025.
Global Horticultural Tools Market: Region-Specific Market Size Details
Forecast from 2016 to 2025
Source: Frost & Sullivan report
Competitive landscape of the global power tool market
According to a Frost & Sullivan report, the global power tool market is relatively concentrated in competition. In terms of revenue, the top 10 participants accounted for about 73.3% of the market share in 2020. In terms of revenue, Quanjing rose from ninth place in the global power tool market in 2018 to seventh place in 2020, making it one of the few major power tool suppliers whose market share increased from 2018 to 2020.
Top 10 Global Electric Tools Suppliers (by Revenue) in 2020
Source: Frost & Sullivan report
Competitive landscape of the global electric gardening tool market
The competitive landscape of the global electric gardening tool market is highly concentrated, with the top 10 players accounting for about 88.4% of the market share by revenue. By revenue, Quanfeng's ranking among global electric gardening tool suppliers rose rapidly from 7th place in 2018 to 2nd place in 2020. Quanfeng's EGO brand's ranking among global electric gardening tool brands also increased from 6th place in 2018 to 3rd place in 2020.
Top 10 Global Horticultural Tools Suppliers and Electric Horticultural Tools Brands in 2020
(Calculated by income)
Source: Frost & Sullivan report
Frost & Sullivan has extensive research experience in the industrial automation and mechatronics industries, assisting well-known enterprises to successfully list on capital markets. Successful listings include: SenSong International (2155.HK), Wenling Zhejiang Industrial Tools (1379.HK), Haojiang Electromechanical (1408.HK), China Shuta (8623.HK), Haina Intelligence (1645.HK), Aoda Holdings (9929.HK), Mekow Pipe Industry (1553.HK), Yonglianfeng (8617.HK), China Pengfei (3348.HK), Hengxin Feng Holdings (1920.HK), Contel (1912.HK), Weiliang Holdings (8612.HK), Kun Group (924.HK), Pipeline Engineering (1865.HK), Cangnan Instrumentation (1743.HK), Kangli International (6890.HK), Hengyi Holdings (1894.HK), Aosheng Global (1540.HK), Hengda Technology (1725.HK), China Tower (0788.HK), Junma Technology (8490.HK), Quanda Electric (1750.HK), ZC Tech Gp (8511.HK), Guangli Technology (6036.HK), China Foton (8506.HK), Jingya Printing House (8391.HK), Global Printing House (8448.HK), Junqiu Holdings (8485.HK), Wanli Printing (8385.HK), Xinxing Printing (1975.HK), Jinshang Precision (1651.HK), Jingyang Group (8257.HK), Hongteng Technology (6088.HK), Xingming Holdings (8425.HK), Yisheng (1656.HK), Yurong Group (1536.HK), Yengneng Electromechanical (1608.HK), Yabigang Leasing (1496.HK), China Railway Signal & Communication (3969.HK), Wuxi Shenglida (1289.HK), Jinbangda (3315.HK), Honglin Technology (1087.HK), Saijing Power Electronics (580.HK), Xiangyu Dredging (871.HK), Rongsheng Heavy Industry (1101.HK), China Automation (569.HK), and others.
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