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Cordless Power Tools Market - Global Outlook and Forecast 2021-2026

  • ID: 5380220
  • Report
  • July 2021
  • Region: Global
  • 304 pages
  • Arizton

FEATURED COMPANIES

  • AIMCO
  • CHEVRON
  • FEIN
  • Hilti
  • Koki Holdings
  • Positec
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 Global Cordless Power Tools Market Report

The global cordless power tools market by revenue is expected to grow at a CAGR of over 10.54% during the period 2020-2026.

APAC is the fastest-growing market for cordless power tools and is expected to grow at the highest CAGR during the forecast period. Rapid industrialization and increasing applications in household and commercial sectors are primarily driving the cordless power tools market growth. These tools are used mainly in automobile, aerospace, construction, electronics, and shipbuilding industries. They also have several household applications such as removing paint, soldering wire, and thawing pipes. The increased demand for Lithium-ion batteries and the rise in infrastructural developments surge the demand for these tools. The extensive use of battery-driven tools has increased the use of cordless power tools. The ban of NiCd batteries in power tools has increased the application of lithium-ion batteries in these tools. Furthermore, the proportion of cordless tools has increased in smaller power tools categories such as angle grinders, circular saws, and reciprocating saws.

The following factors are likely to contribute to the growth of the cordless power tools market during the forecast period:
  • The rise in Demand for Industrial Heat Guns
  • Increased Prominence of Asian Manufacturing
  • Industry 4.0 and Smart Precision Manufacturing
  • Advances in Li-ion Batteries
The study considers the global cordless power tools market’s present scenario 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.

GLOBAL CORDLESS POWER TOOLS MARKET SEGMENTATION

The global cordless power tools market research report includes a detailed segmentation by tool type, end-user, geography. The revenue of drillers and fastening tools is expected to reach $6,149.04 million by 2026. Applying these tools in DIY activities for home improvement and wood-crafting activities is a major factor boosting the demand for these tools. Demolition tools follow the suit, accounting for 20.81% of the global revenue in 2020. Most demolition tools such as rotary hammers and hammer drills are used for renovation and retrofit construction sites. Due to the rise in infrastructural activities in countries such as the US and Canada, demolition tools will remain in demand. North America expects to lead the material removal tool segment during the forecast period due to the rise in end-user industries.

The industrial end-user segment, consisting of the automotive and construction industries, generated the maximum revenue in the cordless power tools market in 2020. The segment expects to remain consistent during the forecast period due to the increasing demand for sophisticated tools. However, renovation, retrofit, and DIY activities are likely to drive the market in the residential and commercial segments. China, Japan, the US, and Western Europe are likely to accelerate the demand during the forecast period. These regions witness a significant production of electric vehicles. Complexity in designs and mechanisms is likely to increase the demand for cordless tools.

Tool Type
  • Drilling and Fastening Tools
  • Demolition Tools
  • Sawing and Cutting Tools
  • Material Removal Tools
  • Routing Tools
  • Others
End-User
  • Industrial
  • Commercial
  • Residential
INSIGHTS BY GEOGRAPHY

The U.S. is likely to generate most of the revenue in the North American region. A forerunner in the automobile industry, the North American automotive market is the largest manufacturer of electric cars worldwide. Advances in Lithium-ion battery technology is likely to drive the growth of the cordless power tools industry in North America. Increased efficiencies and low-cost production have made the US a center for investments in the oil and gas sector. The demand for drillers and material removal tools could rise, with the growth of the construction industry during the forecast period.

Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Latin America
  • Mexico
  • Brazil
  • Middle East & Africa
  • Saudi Arabia
  • Turkey
  • South Africa
  • UAE
INSIGHTS BY VENDORS

The global market is characterized by low market concentration, with high competition among players. Currently. These vendors have a global presence in three major regions - North America, APAC, and Europe. The present scenario drives vendors to alter and refine their unique value propositions to achieve a strong market presence. The competition is expected to intensify further with increased product extensions, growth in technological innovations, and an increase in merger and acquisition activities.

Prominent Vendors
  • Stanley Black & Decker
  • Robert Bosch
  • Techtronic Industries Company
  • Makita
  • Hilti
Other Prominent Vendors
  • Atlas Copco
  • Apex Tool Group
  • Ingersoll Rand
  • Snap-on
  • Koki Holdings
  • Emerson
  • Panasonic
  • Fortive
  • CHEVRON
  • Positec
  • FEIN
  • FERM
  • AIMCO
  • Uryu Seisaku
  • INTERSKOL
  • Festool
  • Kyocera
  • CS Unitec
  • Dynabrade
  • Husqvarna
  • STIHL
  • Blount International
KEY QUESTIONS ANSWERED:

1. What would be the value of the global cordless power tools market by 2026?
2. Which are the major industries that use cordless power tool equipment?
3. Which region holds the maximum market share of the global cordless power tools market?
4. Who are the leading players in the power tools market?
5. What are the key factors and trends enabling market growth?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AIMCO
  • CHEVRON
  • FEIN
  • Hilti
  • Koki Holdings
  • Positec
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
4.4 Market Segments
4.4.1 Market Segmentation by Tool Type
4.4.2 Market Segmentation by End-User
4.4.3 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 Rising Demand for Industrial Heat Guns
8.2 Increased Prominence of Asian Manufacturing
8.3 Industry 4.0 And Smart Precision Manufacturing

9 Market Growth Enablers
9.1 Advances in Li-Ion Batteries
9.2 Growth in DIY Activities
9.3 Growth in Use of Fasteners

10 Market Restraints
10.1 Low-Cost Labor in Developing Economies
10.2 Fluctuations in Raw Material Pricing
10.3 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
13.3 Drills
13.3.1 Market Size & Forecast
13.3.2 Market by Geography
13.4 Impact Drivers
13.4.1 Market Size & Forecast
13.4.2 Market by Geography
13.5 Impact Wrenches
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
14.3 Jigsaws
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 Circular Saws
14.5.1 Market Size & Forecast
14.5.2 Market by Geography
14.6 Band Saw
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
15.3 Demolition Hammer
15.3.1 Market Size & Forecast
15.3.2 Market by Geography
15.4 Rotary 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
16.3 Sanders
16.3.1 Market Size & Forecast
16.3.2 Market by Geography
16.4 Grinders
16.4.1 Market Size & Forecast
16.4.2 Market by Geography

17 Routing Tools
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.2.1 Market Size & Forecast
17.2.2 Market by Geography

18 Other Tools
18.1 Market Overview
18.1.1 Market Size & Forecast
18.1.2 Market by Geography
18.2 Layout and Laser Tools
18.2.1 Market Size & Forecast
18.2.2 Market by Geography
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

19 End-Users
19.1 Market Snapshot & Growth Engine
19.2 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
20.3 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
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 Geography
23.1 Market Snapshot & Growth Engine
23.2 Geographic Overview

24 North America
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
24.6 Key Countries
24.6.1 US: Market Size & Forecast
24.6.2 Canada: Market Size & Forecast

25 Europe
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
25.6 Key Countries
25.6.1 UK: Market Size & Forecast
25.6.2 Germany: Market Size & Forecast
25.6.3 France: Market Size & Forecast
25.6.4 Spain: Market Size & Forecast
25.6.5 Italy: Market Size & Forecast

26 APAC
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
26.6 Key Countries
26.6.1 China: Market Size & Forecast
26.6.2 Japan: Market Size & Forecast
26.6.3 South Korea: Market Size & Forecast
26.6.4 Australia: Market Size & Forecast
26.6.5 India: Market Size & Forecast

27 Latin America
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
27.6 Key Countries
27.6.1 Brazil: Market Size & Forecast
27.6.2 Mexico: Market Size & Forecast

28 Middle East & Africa
28.1 Market Overview
28.2 Key Highlights
28.3 Market Size & Forecast
28.4 Segmentation by Tool Type
28.4.1 Market Size & Forecast
28.5 Segmentation by End-User
28.5.1 Market Size & Forecast
28.6 Key Countries
28.6.1 South Africa: Market Size & Forecast
28.6.2 Saudi Arabia: Market Size & Forecast
28.6.3 UAE: Market Size & Forecast
28.6.4 Turkey: Market Size & Forecast

29 Competitive Landscape
29.1 Competition Overview

30 Key Company Profiles
30.1 Stanley Black & Decker
30.1.1 Business Overview
30.1.2 Product Offerings
30.1.3 Key Strategies
30.1.4 Key Strengths
30.1.5 Key Opportunities
30.2 Robert Bosch
30.2.1 Business Overview
30.2.2 Product Offerings
30.2.3 Key Strategies
30.2.4 Key Strengths
30.2.5 Key Opportunities
30.3 Techtronic Industries Company
30.3.1 Business Overview
30.3.2 Product Offerings
30.3.3 Key Strategies
30.3.4 Key Strengths
30.3.5 Key Opportunities
30.4 Makita
30.4.1 Business Overview
30.4.2 Product Offerings
30.4.3 Key Strategies
30.4.4 Key Strengths
30.4.5 Key Opportunities
30.5 Hilti
30.5.1 Business Overview
30.5.2 Product Offerings
30.5.3 Key Strategies
30.5.4 Key Strengths
30.5.5 Key Opportunities

31 Other Prominent Vendors
31.1 Atlas Copco
31.1.1 Business Overview
31.1.2 Product Offerings
31.2 Apex Tool Group
31.2.1 Business Overview
31.2.2 Product Offerings
31.3 Ingersoll Rand
31.3.1 Business Overview
31.3.2 Product Offerings
31.4 Snap-on
31.4.1 Business Overview
31.4.2 Product Offerings
31.5 Koki Holdings
31.5.1 Business Overview
31.5.2 Product Offerings
31.6 Emerson
31.6.1 Business Overview
31.6.2 Product Offerings
31.7 Panasonic
31.7.1 Business Overview
31.7.2 Product Offerings
31.8 Fortive
31.8.1 Business Overview
31.8.2 Product Offerings
31.9 Positec
31.9.1 Business Overview
31.9.2 Product Offerings
31.10 CHERVON
31.10.1 Business Overview
31.10.2 Product Offerings
31.11 FEIN
31.11.1 Business Overview
31.11.2 Product Offerings
31.12 FERM
31.12.1 Business Overview
31.12.2 Product Offerings
31.13 AIMCO
31.13.1 Business Overview
31.13.2 Product Offerings
31.14 Uryu Seisaku
31.14.1 Business Overview
31.14.2 Product Offerings
31.15 INTERSKOL
31.15.1 Business Overview
31.15.2 Product Offerings
31.16 Festool
31.16.1 Business Overview
31.16.2 Product Offerings
31.17 Kyocera
31.17.1 Business Overview
31.17.2 Product Offerings
31.18 CS Unitec
31.18.1 Business Overview
31.18.2 Product Offerings
31.19 Dynabrade
31.19.1 Business Overview
31.19.2 Product Offerings
31.20 Husqvarna
31.20.1 Business Overview
31.20.2 Product Offerings
31.21 STIHL
31.21.1 Business Overview
31.21.2 Product Offerings
31.22 Blount International
31.22.1 Business Overview
31.22.2 Product Offerings

32 Report Summary
32.1 Key Takeaways
32.2 Strategic Recommendations

33 Quantitative Summary
33.1 Market by Geography
33.2 North America
33.2.1 North America Market by Tool Type
33.2.2 North America Market by End-User
33.3 Europe
33.3.1 Europe Market by Tool Type
33.3.2 Europe Market by End-User
33.4 APAC
33.4.1 APAC Market by Tool Type
33.4.2 APAC Market by End-User
33.5 Latin America
33.5.1 Latin America Market by Tool Type
33.5.2 Latin America Market by End-User
33.6 Middle East & Africa
33.6.1 Middle East & Africa Market by Tool Type
33.6.2 Middle East & Africa Market by End-User
33.7 Tool Type
33.7.1 Drilling and Fastening Tools Market
33.7.2 Sawing and Cutting Tools Market
33.7.3 Demolition Tools Market
33.7.4 Material Removal Tools Market
33.7.5 Routing Tools Market
33.7.6 Other Tools Market
33.8 End-User
33.8.1 Industrial Power Tools Market
33.8.2 Commercial Power Tools Market
33.8.3 Residential Power Tools Market

34 Appendix
34.1 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
  • Ingersoll Rand
  • Snap-on
  • Koki Holdings
  • Emerson
  • Panasonic
  • Fortive
  • CHEVRON
  • Positec
  • FEIN
  • FERM
  • AIMCO
  • Uryu Seisaku
  • INTERSKOL
  • Festool
  • Kyocera
  • CS Unitec
  • Dynabrade
  • Husqvarna
  • STIHL
  • Blount International
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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