Global Cordless Power Tools Market Growth 2023-2029

Global Cordless Power Tools Market Growth 2023-2029

Product Code:460632

Published Date: Feb 08,2023

Pages: 128

Region: Global

Category: Machinery & Equipment

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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?