Global Cordless Power Tools Market to Gain From Emerging DIY Trend
The global cordless power
tools market is expected to derive growth from the rise in home improvement activities
and do-it-yourself (DIY) culture over the forecast period.
According to TechSci Research
report, “Cordless Power
Tools Market - Global Industry Size, Share, Trends, Opportunities, and
Forecast, 2028,” the cordless power tools market, globally, is expected to
register robust growth during the forecast period due to growing industrial
need for fastening equipment, increasing consumer acceptance of cordless power
tools, and expanding construction markets in developing nations among others. Moreover,
companies have a lot of potential in this sector to emphasize smart connections
for power tools.
The market for power tools,
which include equipment like drills, grinders, saws, heat guns, and others, is
expanding significantly. By utilizing cutting-edge sensors and other
technologies, these instruments increase work efficiency while lowering the
risk of mistakes and injuries. As a result, power tools are increasingly being
used throughout industries. One of the most well-liked power equipment, heat
guns are widely used in many different industries. Heat guns may lower the heat
to a pinpoint, allowing for consistently exact outcomes. They also use precise
temperature control and airflow. The aerospace, automotive, electronics,
building and construction, maintenance, packaging, and other significant
industries all employ heat guns.
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Figures spread through XX Pages and an in-depth TOC on the “Global Cordless Power Tools Market”
The global cordless power
tools market is segmented based on tool type, motor type, battery voltage, end user,
and region. Based on tool type, the market is bifurcated into drilling and
fastening tools, sawing and cutting tools, demolition tools, material removal
tools, and routing tools. Based on motor type, the market is bifurcated into
brushed motors and brushless motors. Based on battery voltage, the market is
bifurcated into 12V, 18V, 20V, 40V, 40V, and above. Based on end user, the
market is bifurcated into industrial, commercial, and residential. Based on
region, the market is bifurcated into North America, Asia-Pacific, Europe,
South America, and the Middle East & Africa.
Based on tool type, the drilling and fastening tools segment
is expected to dominate the market during 2022. These instruments are primarily
employed for cutting-demanding timber and metal activities. They are also
utilized in do-it-yourself projects as the majority of providers offer simple
cutting instruments, such as jigsaws, for remodeling and woodworking projects.
Based on end user, the residential segment is
expected to dominate the market during 2022. Power tools are utilized in home and DIY
applications for specific tasks, such as drilling, fastening, removing
material, cutting, and grinding. The availability of cordless tools and the
growing appeal of the do-it-yourself (DIY) trend are driving up demand for
power tools for home applications. When completing routine trades, DIY users
choose smaller and lighter power equipment. As a result, there is a growing
trend toward favoring compact, ergonomic equipment over traditional ones. Due
to this, there is now a significantly higher demand for compact and lightweight
power tools.
Based on motor type, the brushed
motors segment is expected to dominate the market in 2022. Brushed motors have
a very basic structure and design. Additionally, manufacturing is fairly
straightforward due to the minimal amount of internal components. As a result,
brushed DC motors are inexpensive overall.
Based on Battery Voltage, the 12V segment is expected to
dominate the market during 2022. One of
the key manufacturers of lithium-ion batteries is Robert Bosch. Robert Bosch
sells the 12V Max lithium-ion 2.0 Ah battery under the model number BAT414.
Advanced technology is used in the BAT414 battery to provide the best possible
battery life, power, and runtime. The Bosch 12V collection of small tools is
well complemented by this portable and lightweight power tool battery.
Key market players in the global
cordless power tools market are:
- Stanley
Black & Decker, Inc.
- Robert
Bosch GmbH
- Techtronic
Industries Company Limited
- Makita
Corporation
- Hilti
Corporation
- Atlas
Copco AB
- Apex
Tool Group, LLC.
- Ingersoll
Rand Inc.
- Snap-on
Incorporated
- Koki Holdings Co., Ltd.
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"In 2022, North America dominated
the global cordless power tools market. Numerous significant industries are
based in North America, including the automotive, building, aerospace,
electronics, and packaging sectors. Due to the growing demand for
environmentally friendly products, the automotive industry in North America
produces the highest number of electric vehicles globally, which is expected to
drive the market,” said Mr. Karan Chechi, Research Director at TechSci
Research, a research-based global management consulting firm.
Cordless
Power Tools Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, Segmented By
Tool Type (Drilling and Fastening Tools, Sawing and Cutting Tools, Demolition
Tools, Material Removal Tools, and Routing Tools), By Motor Type (Brushed
Motors, Brushless Motors), By Battery Voltage (12V, 18V, 20V, 40V, 40V, and above),
By End User (Industrial, Commercial, and Residential), By Region and Competition has evaluated the
future growth potential of the global cordless power tools market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence and
help decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global cordless power tools market.
Contact
Mr. Ken Mathews
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Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com