Global Cordless Power Tools Market Growth 2023-2029

Global Cordless Power Tools Market Growth 2023-2029

A power tool is a tool that is actuated by an additional power source and mechanism other than the solely manual labor used with hand tools. Cordless Power Tools are just that, power tools that do not have a cord because they are powered by a battery or battery pack. Cordless power tools offer the utmost in convenience and flexibility.
LPI (LP Information)' newest research report, the “Cordless Power Tools Industry Forecast” looks at past sales and reviews total world Cordless Power Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Cordless Power Tools sales for 2023 through 2029. With Cordless Power Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cordless Power Tools industry.
This Insight Report provides a comprehensive analysis of the global Cordless Power Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cordless Power Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cordless Power Tools market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cordless Power Tools and breaks down the forecast by type, by end users, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cordless Power Tools.
The global Cordless Power Tools market size is projected to grow from US$ 30030 million in 2022 to US$ 45210 million in 2029; it is expected to grow at a CAGR of 45210 from 2023 to 2029.
At present, the major players of Cordless Power Tools in the world include TTI, Stanley Black & Decker, Robert Bosch, Makita, HiKOKI, Stihl, Husqvarna, Snap-on Incorporated, Greenworks, Hilti, Dongcheng, Festool, Positec Group, etc. Among which TTI is the world’s largest Cordless Power Tools manufacturer, its market share is about 16%.
North America holds a big market share of the Cordless Power Tools market and accounted for over 30% of the global revenue share. The region is characterized by the presence of a large number of service providers, especially in the USA. Asia Pacific, Latin America also play important roles in this market.
There has been a shift from corded to cordless power tools. While corded tools still possess considerable sales, the shift to cordless is substantial. Cordless power tools include batches of battery-powered tools like saws, outdoor gardening power tools, hammer drills, impact drivers, impact wrenches and many others. These tools are ideal for welding, sanding, cutting, metalworking and other applications.
This report presents a comprehensive overview, market shares, and growth opportunities of Cordless Power Tools market by product type, end users, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Drill
Saw
Hammers
Wrenches
Screwdrivers
Outdoor Power Equipment
Others
Segmentation by end users
Professional
Consumer
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TTI
Stanley Black & Decker
Bosch
Makita
HiKOKI
Stihl
Husqvarna
Snap-on Incorporated
Greenworks
Hilti
Dongcheng
Festool
Positec Group
CHERVON
Yamabiko
C. & E. Fein
Apex Tool Group
Einhell
Emerson
Jiangsu Jinding
Chicago Pneumatic
Emak
Blount
KEN
Fortive
ITW

Key Questions Addressed in this Report
What is the 10-year outlook for the global Cordless Power Tools market?
What factors are driving Cordless Power Tools market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cordless Power Tools market opportunities vary by end market size?
How does Cordless Power Tools break out type, end users?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.