Global Cordless Power Tools Market 2024-2028
The cordless power tools market is forecasted to grow by USD 3767.5 mn during 2023-2028, accelerating at a CAGR of 3.78% during the forecast period. The report on the cordless power tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advances in battery technology, growth in production of light vehicles, and DIY concept gaining momentum in developed countries.
Technavio's cordless power tools market is segmented as below:
By End-user
By Type
- Brushed motors
- Brushless motors
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rise in EV sales as one of the prime reasons driving the cordless power tools market growth during the next few years. Also, integration of three dimensional (3D) printing technology and growing investments in railway and aerospace sectors will lead to sizable demand in the market.
The report on the cordless power tools market covers the following areas:
- Cordless power tools market sizing
- Cordless power tools market forecast
- Cordless power tools market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cordless power tools market vendors that include AIMCO, ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, Atlas Copco AB, Emak Spa, Ferm International BV, Festool GmbH, Hilti AG, Hitachi Ltd., Husqvarna AB, Makita Corp., Panasonic Holdings Corp., Positec, Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., Stanley Electric Co. Ltd., Techtronic Industries Co. Ltd., The Toro Co., and YAMABIKO CORP.. Also, the cordless power tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.