Global Cordless Power Tools Market 2020-2024
Technavio has been monitoring the cordless power tools market and it is poised to grow by $ 6.17 billion during 2020-2024 progressing at a CAGR of 6% during the forecast period. Our reports on cordless power tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the advances in battery technology, growth in production of light vehicles, and DIY concept gaining momentum in developed countries. In addition, advances in battery technology is anticipated to boost the growth of the market as well.
The cordless power tools market analysis includes end-user segment and geographic landscapes
Technavio's cordless power tools market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the rise in EV sales as one of the prime reasons driving the cordless power tools market growth during the next few years. Also, integration of 3d printing technology, and growing investments in railway and aerospace sectors will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our cordless power tools market covers the following areas:
- Cordless power tools market sizing
- Cordless power tools market forecast
- Cordless power tools market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cordless power tools market vendors that include Atlas Copco AB, Robert Bosch GmbH, Hilti Corp., Hitachi Ltd., Makita Corp., MTD Products Inc., Panasonic Corp., Snap-on Inc., Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.. Also, the cordless power tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.