Cordless Planer Market by Product (Benchtop Cordless Planers, Handheld Cordless Planers), Battery Voltage (12.1 V to 18V, Above 18V, Up to 12V), Blade Size, Speed, Application, Distribution Channel - Global Forecast 2024-2030

Cordless Planer Market by Product (Benchtop Cordless Planers, Handheld Cordless Planers), Battery Voltage (12.1 V to 18V, Above 18V, Up to 12V), Blade Size, Speed, Application, Distribution Channel - Global Forecast 2024-2030

The Cordless Planer Market size was estimated at USD 1.67 billion in 2023 and expected to reach USD 1.76 billion in 2024, at a CAGR 5.51% to reach USD 2.44 billion by 2030.

A cordless planer is a portable tool powered by rechargeable batteries, used primarily for smoothing and shaping wood. Unlike corded planers, cordless planers offer the advantages of portability and ease of use without the encumbrance of a power cord. This tool is commonly used in woodworking, carpentry, and DIY home improvement projects. The absence of a power cord allows users to work in various settings without needing access to electrical outlets, making it ideal for job sites without a direct power supply or in areas where the use of cords can pose a safety hazard, thereby driving its adoption. There's a growing trend among both professionals and hobbyists toward using automated and wireless tools, driving demand for cordless models. However, battery-powered tools may pose limitations in terms of power and runtime for heavier, industrial-grade applications. The necessity to charge batteries or have several spares can be cumbersome and restrict prolonged use, which might deter professionals who require a consistent power supply. Continued research into more efficient, sustainable, and powerful batteries can alleviate current limitations regarding power and runtime. Innovations focused on improving safety, such as automatic shut-off capabilities or better hand protection, can make cordless planers more appealing and reduce work-related injuries.

Regional Insights

The Americas region, particularly the U.S. and Canada, showcases a robust demand for cordless planers fueled by a thriving DIY culture and a strong housing construction sector. Consumers in the region prioritize convenience, brand reputation, and product features such as battery life and power. Recent investments tend toward enhancing battery technology and ergonomic design to cater to prolonged usage demands. The EU market is characterized by stringent regulations regarding the safety and environmental impact of power tools. High awareness of the latest technology and a preference for products that comply with European standards such as CE marking are evident. EU consumers lean towards products that offer innovation, safety, and sustainability. Recent EU investments are channeled towards products that minimize energy consumption and reduce noise levels. With a burgeoning construction industry, the Middle East exhibits a growing demand for cordless planers. Consumers in this region prioritize high-performance tools that are versatile and can withstand harsh working conditions. APAC region presents an evolving landscape for cordless planers, driven by the rising manufacturing and exporting of electric power tools, including cordless planers. The domestic market is driven by rapid industrialization and the availability of a wide range of products. Recent patents focus on improving motor efficiency and battery longevity, showcasing a trend toward innovation in power tool technology.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cordless Planer Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing trend among workers and professionals toward automated and wireless tools
Trend toward DIY solutions for construction and the rise of hobbyists in the carpentry sector
Need to improve the safety of personnel during construction operations

Market Restraints

Cost constraints associated with the adoption of cordless planer

Market Opportunities

Continuous innovation to improve the functionality and performance of cordless planer
Efforts to improve the sustainability and energy efficiency of cordless planer

Market Challenges

Limitations associated with battery life

Market Segmentation Analysis

Product: Preference for benchtop cordless planers owing to their ability to provide high-precision
Application: Robust performance of cordless planers in the commercial sector for a diverse array of uses

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cordless Planer Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cordless Planer Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Publix’s Strategic Expansion into Greenwise Branded Cordless Power Tools

Publix diversified its product portfolio by launching Greenwise cordless power tools. These tools cater to the growing market of do-it-yourself (DIY) home improvement enthusiasts, emphasizing sustainability, efficiency, and durability. Greenwise consists of a series of four essential tools, all powered by an 18V battery system. This collection includes a cordless drill, impact driver, circular saw, and reciprocating saw, each featuring the distinctive Greenwise green color. These tools are designed for accessibility and reliability, catering to beginners and experienced DIY enthusiasts.

Introduction of the M12 2524 Cordless Planer by Milwaukee Tool

Milwaukee Tool has launched the M12 2524, touted as a powerful 12V cordless planer available today, specifically designed for professional finish carpenters and remodelers. This tool is engineered to efficiently handle both soft and hard wood materials, making it ideal for a variety of finishing and remodeling tasks. Its convenience and power are suited to meet the demands of precision work in both finished and unfinished projects.

Bosch Power Tools Expands CORE18V Line With New 18V Cordless Tools Launch

Bosch Power Tools has aimed to enhance its CORE18V platform by introducing 32 new 18V cordless tools, highlighted during the World of Concrete tradeshow in Las Vegas. This expansion includes robust offerings such as rotary hammers and high-torque impact wrenches under the PROFACTOR series, alongside other cordless devices aimed at improving efficiency on the job site. These tools, developed through direct feedback from professionals, are all compatible with the CORE18V battery system, reinforcing Bosch's commitment to a unified battery platform that caters to diverse work needs in concrete handling, woodworking, and general construction tasks.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cordless Planer Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cordless Planer Market, highlighting leading vendors and their innovative profiles. These include DEWALT Inc. by Stanley Black & Decker, Inc., EBIC Tools Co., Ltd., Einhell Germany AG, Endico Power Tools, Grizzly Industrial, Inc., Hebei Sinotools Industrial Co., LTD., Hilti AG, INGCO Inc., Jinhua Coofixtools I&E Co.,Ltd, Kings Garden Tools & Power Tools, Koki Holdings Co., Ltd., KYNKO INDUSTRIAL LIMITED, Makita Ltd, Milwaukee Electric Tool Corporation, Mogli Labs Private Limited, Rigid by Emerson Electric Co., Robert Bosch Tool Corporation, Ronix (Zhangjiagang Bonder Area) Co., Ltd, Ruby Tools, RYOBI Limited, Skil, WEN Products, Yongkang Sanhengwin Import & Export Co., Ltd., Yongkang Yishun Tools Co., Ltd., and Zhejiang SALI Abrasive Technology Co.,Ltd..

Market Segmentation & Coverage

This research report categorizes the Cordless Planer Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Benchtop Cordless Planers
Handheld Cordless Planers
Battery Voltage
12.1 V to 18V
Above 18V
Up to 12V
Blade Size
2.1 to 3 Inches
Less than 2 Inches
Over 3 Inches
Speed
Single-Speed
Variable-Speed
Application
Commercial
Residential/DIY
Distribution Channel
Offline
Online
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year