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In past few years, power tool market witnessed the shift from corded to cordless power tools. While corded tools still acquire considerable market, the shift of cordless tools is significant. Cordless power tools include wide range of battery-powered tools such as hammer drills, impact wrenches, nailers & staplers, circular saws and many others.  The desire for more mobile and compact tools is driving the shift to cordless tools. \n\nThe major power tool manufacturers witnessed 5% increase in power tools sales owing to the introduction of cordless power tools. With the growing popularity of cordless power tools, advanced batteries for longer run time of power tools is one of the major qualities that complement these devices. Hence, lithium-ion batteries replacing the conventional nickel-Cd (Nickel Cadmium) and nickel-metal hydride powered tools. Lithium-ion batteries provide higher energy density and longer running hours, making them more efficient. \n

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report code hict1005

Report Code : HICT1005

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

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99 Wall Street, Suite No:- 527, New York, NY 10005

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+1-646-568-7747

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Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

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global cordless power tools market growth

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

Global Cordless Power Tool Market Outlook

In past few years, power tool market witnessed the shift from corded to cordless power tools. While corded tools still acquire considerable market, the shift of cordless tools is significant. Cordless power tools include wide range of battery-powered tools such as hammer drills, impact wrenches, nailers & staplers, circular saws and many others.  The desire for more mobile and compact tools is driving the shift to cordless tools.

The major power tool manufacturers witnessed 5% increase in power tools sales owing to the introduction of cordless power tools. With the growing popularity of cordless power tools, advanced batteries for longer run time of power tools is one of the major qualities that complement these devices. Hence, lithium-ion batteries replacing the conventional nickel-Cd (Nickel Cadmium) and nickel-metal hydride powered tools. Lithium-ion batteries provide higher energy density and longer running hours, making them more efficient.

With rising prevalence of cordless power tools and growing demand on international scale, new players will enter the market and compete with major manufacturers, which significantly contribute to upticks in innovations. Companies are expending huge amounts on research and development activities in order to raise tool strength and life span. For instance, Dewalt of Stanley Company, a leading manufacturer of power tools, recently released its latest innovation called the Flexvolt. This is the innovation battery that automatically changes it voltage with different tools it is used with; the first of its kind technology to do so.  

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Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

  • Market Segmentation
  • By Product Type
    • Drills
    • Impact Drivers
    • Impact Wrenches
    • Reciprocating Saws
    • Polisher/Sander
    • Other (Adhesive Dispensers etc.)
  • By Power Output
    • 7v-15v
    • 12v-18v
    • 18v-36v
  • By End Users
    • Professional
    • Consumer
    • Send Us Sample Request@ https://www.goldsteinresearch.com/request-sample/global-cordless-power-tools-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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global cordless power tools market growth 2

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

  • Based on Geography
    • North America (US, Canada) {Market Share (%), Market Size (USD Million), Production (Units)}
    • Europe(UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Production (Units)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Production (Units) }
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million) , Production (Units)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Production (Units)}
    • Rest of the World{Market Share (%), Market Size (USD Million), Production (Units)}
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Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

Market Size and Forecast (2016-2024)

Global cordless power tools market accounted for USD 14.6 billion in 2016 and the market is expected to reach USD 21.4 billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 4.8% over the forecast period i.e. 2016-2024.

Geographically, North America accounted for the highest revenue share in global cordless power tools market in 2016 with more than USD 4.5 billion revenue generated. American construction industry is expected to grow faster than China in next 15 years, growing by an average of 5% per annum. North America is closely followed by the Europe with more than 25% market share in global cordless power tools market. Stringent rules implemented by the European Union and the growing automotive industry expected to drive the market growth. Asia-Pacific region will show strong growth in cordless power tools demand through 2024, which is projected to expand at a CAGR of 6.3% over the forecast period. Sales in the region will be driven by the advances in building construction activity and growing automotive sector in China.      

global cordless power tools market growth 4

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

Global Cordless Power Tools Market Outlook 2024contains detailed overview of the global cordless power toolsmarket in terms of market segmentation by product type, by power output type and by end users.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global Cordless Power Tools Market Report also provides competitive outlook of some of the major players which includes profiling of companies such Makita, Robert Bosch, Stanley Black & Decker, Atlas Copco, Hilti, Hitachi Koki, Husqvarna, Snap-on, Milwaukee Toolsetc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents cordless power tools market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Request for TOC@ https://www.goldsteinresearch.com/toc-request/global-cordless-power-tools-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

global cordless power tools market growth 5

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

  • Scope Background
  • Market Synopsis
  • Market Segmentation
  • Global cordless power tools market segmentation follows:
    • By Product Type (Market Size, Demand Analysis and Growth Analysis)
    • By Power output Type (Market Size, Demand Analysis and Growth Analysis)
    • By  End Users Type (Market Size, Demand Analysis and Growth Analysis)
  • By Country
    • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
    • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
    • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
    • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
    • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
    • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}
global cordless power tools market growth 6

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

  • Market Dynamics: Growth Drivers, Restraints and Opportunities
    • Risk Factors
    • Regional Variations
    • Recent Trends and Developments
  • Key Market Players
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Porter’s Five Force Model
  • Market Landscape: Competition and Beyond
  • Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
  • Expert Analysis
  • Concluding Remarks

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Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

About Goldstein Research

Based in U.S., Goldstein Researchis a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

global cordless power tools market growth 8

Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

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For more information Contact Us:

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com