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Cordless Power Tools Market Size study, by Type (Pneumatic, Electric), by Product (Drills, Saws, Sanders, Grinders, Nail Guns, Bare Tools, Woodworking & Other Tools, Others), by Application (Household, Construction, Industrial, Medical, Automotive, Others)- Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Cordless Power Tools Industry valued approximately USD 15.33 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2019-2025. The Cordless Power Tools Industry is continuously growing in the global scenario at significant pace. Cordless power tools refers to the tools that is actuated by an additional mechanism and better as power source, rather than depending on the manual labor and conventional hand instruments to accomplish the required tasks. These conventional equipment used to sport fat Ni-Cd batteries that were difficult to handle for wielders, which over the years have witnessed significant technological and design improvements. Cordless Power Tools is a battery-powered hole maker and a fastener driver for screws, nuts and small bolts. It's equipped with a clutch that disengages the drill's drivetrain when the tool reaches a specified amount of torque (turning force). Increasing demand from commercial and residential buildings and growthy in production of light vehicles are the substantial driving factors of the Industry during the forecast period. Moreover, rising focus on product innovation is the major factors that likely to create numerous opportunity in the near future. Furthermore, cordless power tools have less cords which also means more safety and allowing the user to user to move freely & unhindered are another factors that aiding the growth in the Industry of cordless power tools during the forecast period. However, more weight than traditional power tools and unstable economic condition are the restraining factors of the Industry across the world.
The regional analysis of Global Cordless Power Tools Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of Industry share due to rising automotive & construction sector and ongoing technological advancements in power tools across the region. Europe is estimated to grow at stable growth rate in the global Cordless Power Tools Industry over the upcoming years. Further, North America anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to growing infrastructural development & its activities in the region.
The

Cordless Power Tools Industry Share and Size by 2019-2025
Retail & Consumer
Cordless Power Tools Market Segmentation:
By Type:
Pneumatic
Electric

By Product:
Drills
Saws
Sanders
Grinders
Nail Guns
Bare Tools
Woodworking & Other Tools
Others

By Application:
Household
Construction
Industrial
Medical
Automotive
Others

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Cordless Power Tools Market are as follows:
Bosch
Stanley Black & Decker
Makita
Hilti
Hitachi Koki
Festool (TTS)
Snap-On
Husqvarna
Interskol
Duss
Baier
Collomix
Metabo
Milwaukee Electric Tool (TTI)
Copper (Eaton)

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