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US Cordless Power Tools Market - Industry Outlook & Forecast 2021-2026

  • ID: 5380215
  • Report
  • July 2021
  • Region: United States
  • 218 pages
  • Arizton

FEATURED COMPANIES

  • Aimco
  • Chervon
  • Festool
  • Illinois Tool Works
  • Koki Holdings
  • Snap-On
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this US Cordless Power Tools Market Report

The cordless power tools market by revenue is expected to grow at a CAGR of 9.49% during the period 2021-2026.

The increasing demand for efficient power tools is gaining traction in the global market. The surge in the infrastructure and the construction sectors is a boon to the power tools market that will enforce innovations in the future. NiCd, NiMH, and Li-ion are some of the most common batteries widely used in cordless power tools. Advances in battery technology are enabling the introduction of new products and services in the industry.

The following factors are likely to contribute to the growth of the cordless power tools market during the forecast period:
  • Increasing demand for Industrial Heat Guns
  • Rising of Technological Innovation in Industry 4.0
  • Growing Demand for DIY Projects
  • Growth In Use of Fasteners
The study considers the present scenario of the cordless power tools market and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

KEY HIGHLIGHTS
  • The DIY culture is one of the significant drivers for cordless power tools. The impact of the driver is more significant in US and European countries in 2020.
  • The US is the leading exporter of manufacturing technology products, thereby surging the demand for cordless power tools.
  • The drilling and fastening tools, demolition tools, and sawing and cutting tools segments are expected to contribute more than 55% to the incremental growth in the market in the upcoming years.
  • Players are investing in new forms and fastening technologies for reshaping the requirements of fastening technologies. This is expected to drive the growth of the US cordless power tools market share.
SEGMENTATION ANALYSIS

Segmentation by Tool Type
  • Drilling and Fastening Tools
  • Sawing and Cutting Tools
  • Demolition Tools
  • Material Removal Tools
  • Routing Tools
  • Others
Segmentation by End-User
  • Industrial
  • Commercial
  • Residential
GEOGRAPHIC ANALYSIS

South: The growth is supported by due to new construction projects and construction projects in the pipeline in the region. States such as Texas, Louisiana, Virginia, Georgia, North Carolina, Tennessee, Maryland, and Florida are the top states in this region that accounts for US construction project pipeline.

West: According to the National Association of Home Builders (NAHB) survey, the states West region of the US with the largest homes built are Arizona, Colorado, Idaho, Nevada, Utah, and Wyoming.

Northeast: Nearly 190,000 new privately-owned housing units are under construction in 2021. Vendors are expected to gain the opportunities in the Northeast region to boom the sale of power tools.

Midwest: Car production and maintenance operations are dependent on portable cordless power tools across the region.

Segmentation by Geography
  • US
  • South
  • West
  • Northeast
  • Midwest
VENDOR ANALYSIS

The cordless power tools market in the US is moderately fragmented and is dominated by vendors, such as Stanley Black & Decker, Bosch, and TTI. The competition among the players will be based solely on features such as durability, technology, services, and price and customization. Vendors must develop new technologies and remain upgraded with upcoming innovations to have a competitive advantage over other players. For instance, Bosch is the only vendor that offers cordless power tools that support inductive charging techniques. Bosch is also trying to improve the accommodation for the DIY enthusiasts and other new target groups based on the user requirements. The publisher believes that the global players will grow inorganically by acquiring regional or local players in the future. The adoption of cordless power tools among end-users in the US is impressive since their launch. The competition among companies is intensifying, leading to introducing innovative and advanced solutions in the industry.

Key Company Profiles
  • Stanley Black & Decker
  • Robert Bosch
  • Techtronic Industries Company
  • Makita
  • HILTI
Other Prominent Vendors
  • Atlas Copco
  • Apex Tool Group
  • Snap-On
  • Koki Holdings
  • Emerson
  • Fortive
  • Chervon
  • Aimco
  • Dynabrade
  • STIHL
  • IQ Power Tools
  • Festool
  • Illinois Tool Works
  • Ingersoll Rand
KEY QUESTIONS ANSWERED:

1. How big is the US cordless power tools market?
2. What are the key factors and trends enabling market growth?
3. Which End-User type has the highest adoption of the U.S. cordless power tools market?
4. Who are the key players in the US cordless power tools market?
5. Which tool type is expected to grow significantly during the forecast period 2021-2026?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aimco
  • Chervon
  • Festool
  • Illinois Tool Works
  • Koki Holdings
  • Snap-On
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Tool Type
4.3.2 Market Segmentation by End User
4.3.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 COVID-19 Scenario

8 Market Opportunities & Trends
8.1 Increasing Demand for Industrial Heat Guns
8.2 Technological Innovations in Industry 4.0

9 Market Growth Enablers
9.1 Rising Number of DIY Projects
9.2 Advances in Lithium-Ion Batteries
9.3 Increasing Use of Fasteners

10 Market Restraints
10.1 Fluctuations in Raw Material Prices
10.2 High End-User Variability

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry

12 Tool Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview

13 Drilling and Fastening Tools
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.2.1 Market Size & Forecast
13.2.2 Market by Geography
13.2.3 Drilling & Fastening Tools by Type
13.3 Drills
13.3.1 Market Size & Forecast
13.3.2 Market by Geography
13.4 Impact Wrenches
13.4.1 Market Size & Forecast
13.4.2 Market by Geography
13.5 Impact Drivers
13.5.1 Market Size & Forecast
13.5.2 Market by Geography
13.6 Screwdrivers & Nut Runners
13.6.1 Market Size & Forecast
13.6.2 Market by Geography

14 Sawing and Cutting Tools
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.2.1 Market Size & Forecast
14.2.2 Market by Geography
14.2.3 Sawing & Cutting Tools by Type
14.3 Circular Saws
14.3.1 Market Size & Forecast
14.3.2 Market by Geography
14.4 Reciprocating Saws
14.4.1 Market Size & Forecast
14.4.2 Market by Geography
14.5 Band Saw
14.5.1 Market Size & Forecast
14.5.2 Market by Geography
14.6 Jigsaws
14.6.1 Market Size & Forecast
14.6.2 Market by Geography
14.7 Shears and Nibblers
14.7.1 Market Size & Forecast
14.7.2 Market by Geography

15 Demolition Tools
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.2.1 Market Size & Forecast
15.2.2 Market by Geography
15.2.3 Demolition Tools by Type
15.3 Rotary Hammers
15.3.1 Market Size & Forecast
15.3.2 Market by Geography
15.4 Demolition Hammer
15.4.1 Market Size & Forecast
15.4.2 Market by Geography
15.5 Hammer Drills
15.5.1 Market Size & Forecast
15.5.2 Market by Geography

16 Material Removal Tools
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.2.1 Market Size & Forecast
16.2.2 Market by Geography
16.2.3 Material Removal Tools by Type
16.3 Grinders
16.3.1 Market Size & Forecast
16.3.2 Market by Geography
16.4 Sanders
16.4.1 Market Size & Forecast
16.4.2 Market by Geography

17 Routing Tools
17.1 Market Overview
17.1.1 Market Size & Forecast
17.1.2 Market by Geography

18 Other Tools
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.2.1 Market Size & Forecast
18.2.2 Market by Geography
18.2.3 Other Tools by Type
18.3 Dust Extractors
18.3.1 Market Size & Forecast
18.3.2 Market by Geography
18.4 Heat and Glue Guns
18.4.1 Market Size & Forecast
18.4.2 Market by Geography
18.5 Layout and Laser Tools
18.5.1 Market Size & Forecast
18.5.2 Market by Geography

19 End Users
19.1 Market Snapshot & Growth Engine
19.1.1 Market Overview

20 Industrial
20.1 Market Snapshot & Growth Engine
20.2 Market Overview
20.2.1 Market Size & Forecast
20.2.2 Market by Geography
20.2.3 Industrial Cordless Power Tools Market by Type
20.3 Automotive
20.3.1 Market Size & Forecast
20.3.2 Market by Geography
20.4 Aerospace
20.4.1 Market Size & Forecast
20.4.2 Market by Geography
20.5 Electronics & Appliances
20.5.1 Market Size & Forecast
20.5.2 Market by Geography
20.6 Energy
20.6.1 Market Size & Forecast
20.6.2 Market by Geography
20.7 Construction
20.7.1 Market Size & Forecast
20.7.2 Market by Geography
20.8 Shipbuilding
20.8.1 Market Size & Forecast
20.8.2 Market by Geography
20.9 Other Industry
20.9.1 Market Size & Forecast
20.9.2 Market by Geography

21 Commercial
21.1 Market Overview
21.1.1 Market Size & Forecast
21.1.2 Market by Geography

22 Residential
22.1 Market Overview
22.1.1 Market Size & Forecast
22.1.2 Market by Geography

23 Region
23.1 Market Snapshot & Growth Engine
23.2 Region Overview

24 South
24.1 Market Overview
24.2 Key Highlights
24.3 Market Size & Forecast
24.4 Segmentation by Tool Type
24.4.1 Market Size & Forecast
24.5 Segmentation by End-User
24.5.1 Market Size & Forecast

25 West
25.1 Market Overview
25.2 Key Highlights
25.3 Market Size & Forecast
25.4 Segmentation by Tool Type
25.4.1 Market Size & Forecast
25.5 Segmentation by End-User
25.5.1 Market Size & Forecast

26 Northeast
26.1 Market Overview
26.2 Key Highlights
26.3 Market Size & Forecast
26.4 Segmentation by Tool Type
26.4.1 Market Size & Forecast
26.5 Segmentation by End-User
26.5.1 Market Size & Forecast

27 Midwest
27.1 Market Overview
27.2 Key Highlights
27.3 Market Size & Forecast
27.4 Segmentation by Tool Type
27.4.1 Market Size & Forecast
27.5 Segmentation by End-User
27.5.1 Market Size & Forecast

28 Competitive Landscape
28.1 Competition Overview

29 Key Company Profiles
29.1 Stanley Black & Decker
29.1.1 Business Overview
29.1.2 Product Offerings
29.1.3 Key Strategies
29.1.4 Key Strengths
29.1.5 Key Opportunities
29.2 Robert Bosch
29.2.1 Business Overview
29.2.2 Product Offerings
29.2.3 Key Strategies
29.2.4 Key Strengths
29.2.5 Key Opportunities
29.3 Techtronic Industries Company
29.3.1 Business Overview
29.3.2 Product Offerings
29.3.3 Key Strategies
29.3.4 Key Strengths
29.3.5 Key Opportunities
29.4 Makita
29.4.1 Business Overview
29.4.2 Product Offerings
29.4.3 Key Strategies
29.4.4 Key Strengths
29.4.5 Key Opportunities
29.5 HILTI
29.5.1 Business Overview
29.5.2 Product Offerings
29.5.3 Key Strategies
29.5.4 Key Strengths
29.5.5 Key Opportunities

30 Other Prominent Vendors
30.1 Atlas Copco
30.1.1 Business Overview
30.1.2 Product Offerings
30.2 Apex Tool Group
30.2.1 Business Overview
30.2.2 Product Offerings
30.3 Snap-On
30.3.1 Business Overview
30.3.2 Product Offerings
30.4 Koki Holdings
30.4.1 Business Overview
30.4.2 Product Offerings
30.5 Emerson
30.5.1 Business Overview
30.5.2 Product Offerings
30.6 Fortive
30.6.1 Business Overview
30.6.2 Product Offerings
30.7 Chervon
30.7.1 Business Overview
30.7.2 Product Offerings
30.8 Aimco
30.8.1 Business Overview
30.8.2 Product Offerings
30.9 Dynabrade
30.9.1 Business Overview
30.9.2 Product Offerings
30.10 STIHL
30.10.1 Business Overview
30.10.2 Product Offerings
30.11 IQ Power Tools
30.11.1 Business Overview
30.11.2 Product Offerings
30.12 Festool
30.12.1 Business Overview
30.12.2 Product Offerings
30.13 Illinois Tool Works
30.13.1 Business Overview
30.13.2 Product Offerings
30.14 Ingersoll Rand
30.14.1 Business Overview
30.14.2 Product Offerings

31 Report Summary
31.1 Key Takeaways
31.2 Strategic Recommendations

32 Quantitative Summary
32.1 Market by Region
32.2 South
32.2.1 Segmentation by Tool Type
32.2.2 Segmentation by End User
32.3 West
32.3.1 Segmentation by Tool Type
32.3.2 Segmentation by End User
32.4 Northeast
32.4.1 Segmentation by Tool Type
32.4.2 Segmentation by End User
32.5 Midwest
32.5.1 Segmentation by Tool Type
32.5.2 Segmentation by End User
32.6 Tool Type
32.6.1 Drilling and Fastening Tools
32.6.2 Sawing and Cutting Tools
32.6.3 Demolition Tools
32.6.4 Material Removal Tools
32.6.5 Routing Tools
32.6.6 Other Tools
32.7 End User
32.7.1 Industrial
32.7.2 Commercial
32.7.3 Residential

33 Appendix
33.1 Abbreviations
Note: Product cover images may vary from those shown
  • Stanley Black & Decker
  • Robert Bosch
  • Techtronic Industries Company
  • Makita
  • HILTI
  • Atlas Copco
  • Apex Tool Group
  • Snap-On
  • Koki Holdings
  • Emerson
  • Fortive
  • Chervon
  • Aimco
  • Dynabrade
  • STIHL
  • IQ Power Tools
  • Festool
  • Illinois Tool Works
  • Ingersoll Rand
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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