Global Power Drill Market 2024-2028

Global Power Drill Market 2024-2028

The power drill market is forecasted to grow by USD 405.9 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the power drill 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 increased innovations in power drills through advanced technologies, growing interest in home improvement products for DIY interior designing, and surging real estate industry owing to emphasis on infrastructure development.

Technavio's power drill market is segmented as below:

By Product

• Hammer and rotary power drills
• Impact power drills
• Traditional power drills

By Technology

• Cordless power drills
• Corded power drills

By Geography

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the advent of cordless power drills as one of the prime reasons driving the power drill market growth during the next few years. Also, introduction of multifunctional power drills and increasing shift from Ni-CD to Li-Ion battery chemistry will lead to sizable demand in the market.

The report on the power drill market covers the following areas:

• Power drill market sizing
• Power drill market forecast
• Power drill 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 power drill market vendors that include Apex Tool Group LLC, Atlas Copco AB, C. and E. Fein GmbH, Chervon Holdings Ltd., Emerson Electric Co., Enerpac Tool Group Corp., Festool GmbH, Hilti AG, Husqvarna AB, Ingersoll Rand Inc., Jiangsu Dongcheng M and E Tools Co Ltd, Josch Group, Koki Holdings Co. Ltd., Makita Corp., Nemo Power Tools Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Snap On Inc., Stanley Black and Decker Inc., and Techtronic Industries Co. Ltd.. Also, the power drill 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.