CHICAGO, Dec. 9, 2021 - In-depth analysis and data-driven insights on the impact of COVID-19 included in this cordless power tools market report.

The cordless power tools market is expected to grow at a CAGR of over 10% during the period 2020−2026.

Key Insights:

The presence of hypermarkets, supermarkets, and other specialty stores such as Home Depot, which offer more DIY projects, are also driving the market for DIY tools, which eventually raises the market for cordless power tools.
The rise in the application of precision parts and surge in global consumer traffic is expected to drive the demand for cordless power tools in the aerospace industry. Accordingly, the segment is expected to generate USD 2,002.10 million by 2026.
Futuristic inventions in the mainstream robotic technology and complementary technologies would boost investors' confidence in the market, and the market will witness an increase in VC funding in the market. New startups would come with robotic lawn mowers with advanced features while existing vendors will continue developing their product portfolio with upgrades.
The global demolition hammers market is likely to USD 1,880 million by 2026 as they accomplish cutting and demolishing hard materials.
Many international players are expected to expand their reach worldwide during the forecast period in APAC and Latin America to gain more market share.
Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by tool type, end-user, and geography
Competitive Landscape – 5 key vendors, and 22 other vendors are profiled in the report
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Cordless Power Tools Power Market – Opportunities Assessment

Vendors must develop new technologies and need to remain abreast with upcoming innovations to have a competitive advantage. Many international players are expected to expand their reach worldwide during the forecast period, especially in the fast-developing countries in APAC and Latin America, to gain more market share. The Zamo laser measure by Bosch was a gamechanger in the cordless measurement tool segment. The market competition is expected to intensify further with an increase in product extensions, growth in technological innovations, and an increase in mergers and acquisitions. Vendors are manufacturing cordless power tools with innovative product specifications to capture more consumer interest and improve user convenience, thereby, fueling the growth of the market. For instance, TTI launches more than 300 new upgraded products each year and it takes six months to develop a new product. Accordingly, Bosch power tools in India wanted end-users in the country to get a hands-on experience of the Bosch cordless power tools that were achieved through demonstration vans. The mobile campaign was planned in Chennai, Mumbai, Kolkata, Delhi, Cochin, Hyderabad, and Pune that can probably increase the adoption of cordless power tools.

Cordless Power Tools Market by Tool Type

Drilling and Fastening Tools
Drills
Impact Drivers
Impact Wrenches
Screwdrivers & Nut Runners
Sawing and Cutting Tools
Jigsaws
Reciprocating Saws
Circular Saws
Band Saws
Shears and Nibblers
Demolition Tools
Demolition Hammers
Rotary Hammers
Hammer drills
Material Removal Tools
Sanders
Grinders
Routing Tools
Others
Layout & Laser Tools
Dust Extractors
Heat and Glue Guns
Cordless Power Tools Market by End-user

Industrial
Automotive
Aerospace
Electronics
Energy
Construction
Shipbuilding
Other Industry
Commercial
Residential
Cordless Power Tools Market by Geography

North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
APAC
China
India
Japan
South Korea
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Saudi Arabia
Turkey
South Africa
UAE
Key Drivers and Trends fueling Market Growth:

The rise in Demand for Industrial Heat Guns
Increased Prominence of Asian Manufacturing
Industry 4.0 and Smart Precision Manufacturing
Advances in Li-ion Batteries
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Prominent Vendors

Stanley Black & Decker
Robert Bosch
Techtronic Industries Company
Makita
Hilti
Other Prominent Vendors

Atlas Copco
Apex Tool Group
Ingersoll Rand
Snap-on
Koki Holdings
Emerson
Panasonic
Fortive
CHEVRON
Positec
FEIN
FERM
AIMCO
Uryu Seisaku
INTERSKOL
Festool
Kyocera
CS Unitec
Dynabrade
Husqvarna
STIHL
Blount International
Explore our industrial machinery profile to know more about the industry.

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