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Cordless Hammer Drills Market - Global Outlook & Forecast 2022-2027

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    Report

  • 229 Pages
  • January 2023
  • Region: Global
  • Arizton
  • ID: 5714631
1h Free Analyst Time
1h Free Analyst Time

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The global cordless hammer drills market is expected to grow at a CAGR of 11.22% during 2022-2027. Rapid industrialization and increasing household and commercial applications are primarily driving the market. These tools are mainly used in automobiles, aerospace, construction, electronics, and shipbuilding industries.

Customized battery-operated power tools that augment productivity were manufactured due to rising work intensity and plummeting performance. The small, light and powerful batteries offered divergence, and the innovations in battery technology were mainly driven by the trends in the electrical and electronic equipment market. Advances in battery technology also enable the introduction of new products and services in the market. Due to the rapidly shifting technology and rising awareness amongst people, the acceptance of cordless hammer drills is high, given the high-quality performance and efficiency.

Among the two variants in the cordless hammer drills market, brushed and brushless, the brushless is the more sought-after one given its efficiency, low maintenance, and durability, thus attracting demand and helping the entire cordless hammer drills market.

INDUSTRY OPPORTUNITY & CHALLENGE ANALYSIS

RISE IN RENOVATIONS

  • The usage of the internet and smartphones, and other devices is increasing with time. Meaning information is now readily available. The readily available information and resources have enabled people to adopt and adapt rapidly. The rise in internet penetration paved the way for more innovative and cost-effective ideas in several verticals. People started to show a keen interest in making changes in and around their personal and professional spaces.
  • Developed countries like Europe are witnessing aggressive renovations in the region as the region is adopting energy-efficient ways to support Net Zero emission targets, which calls for numerous upgrades and renovations. All of this is expected to drive the demand for cordless hammer drills, thus boosting the cordless hammer drills market and allowing the players to leverage the industry and earn revenues.

MULTIUTILITY OF CORDLESS HAMMER DRILLS

  • Hammer drills are used to drill holes in hard materials and are usually not used for materials on which standard drills are utilized. Hammer drills are occasionally used against hard materials such as concrete, stone, or masonry. However, most hammer drills come with an option to be used as both hammer drills and standard drills by switching off the hammering feature as and when required. So, buying such hammer drills would allow the user to have the benefit of owning multiple tools by investing in just one. Hammer drills have several variants based on voltage, motor type, and other aspects. Users owning a hammer drill can use it for hobbies and DIY activities.

AVAILABILITY OF MORE AFFORDABLE ALTERNATIVES

  • Most cordless hammer drills come with the provision of switching the hammer function of the machine and using it like a standard drill machine; by this provision, the hammer drills suffice the need for a general drill machine along with a hammer drill. Users who have the frequent utility of hammer drills prefer buying them and get the added benefit of using them as a standard drilling machine. However, users of standard drill machines do not choose hammer drills, especially the cordless variant, as it is quite expensive given that most require lithium-ion batteries, which hinders the cordless hammer drills market growth.

SEGMENTATION INSIGHTS

INSIGHTS BY MOTOR TYPE

The brushless and brushed cordless hammer drills can be compared based on several parameters: cost, performance, power consumption, usability, maintenance, and more. A few parameters, such as cost and performance, are crucial variables when choosing the most appropriate for usage.

Regarding cost, the brushless variant of the cordless hammer drill is more expensive when compared to the brushed variant, which could pose a challenge to the growth of the cordless hammer drill market. The global brushless cordless hammer drills market was valued at USD 920.87 million in 2021.

Drills with brushed motors are weighty and noisy. If one needs to use it for an extended amount of time while wearing hearing protection, it substantially affects the user's shoulders and back which could act as a challenge for the brushed-type hammer drills.

Segmentation by Motor Type

  • Brushless
  • Brushed

INSIGHTS BY APPLICATION

The objective of global industries to achieve sustainability and eco-friendly resources has led to the rise in the installation of renewable energy infrastructures such as wind turbines and solar panels. This will eventually drive the cordless hammer drills market, and the energy sector is expected to grow rapidly. There have been rapid advancements in energy efficiency throughout the globe, and countries adopting energy-efficient ways for which infrastructural changes must be made. These structural changes in infrastructure are expected to demand a lot of renovation, driving the demand for the cordless hammer drills market and helping the market strong.

The commercial application is the largest revenue contributor, followed by the residential sector. It was valued at USD 484.04 million in 2021 and is growing with a CAGR of 11.46%.

Segmentation by Application

  • Commercial
  • Residential
  • Industrial

INSIGHTS BY VOLTAGE

Users have different needs and requirements when owning a power tool, such as cordless hammer drills. This type of tool is mainly used for remodeling and renovation purposes when it comes to commercial applications. When used professionally, it might require cordless hammer drills that have a longer run time and are more potent as the hammer drills are used on rigid materials such as masonry. For professional usage, cordless hammer drills such as the ones that are 18v and above are more beneficial. The global 18V cordless hammer drills market was valued at USD 678.69 million in 2021.

Usually, the higher the number, the better the performance. However, this is not always the case when purchasing cordless hammer drills and similar tools. 12-volt drills and equipment are suitable for everyday tasks. This is because they provide enough power to complete the tasks without the additional bulk of a bigger tool. The global 12V cordless hammer drills market is growing at a CAGR of 10.65% during the forecast period.

Segmentation by Voltage

  • 12V
  • 18V
  • 20V & Above

INSIGHTS BY CHUCK SIZE

Due to high torque, a 1/2 inch hammer drill is relatively more powerful than its counterparts. This increases the durability of 1/2 inch drills. Therefore, it is the most preferred variant amongst its counterparts holding the maximum market share in the global cordless hammer drills market.

The normal chuck size is 10mm, or 3/8 inch, as it is often called. These can only handle a tiny bit and are less powerful than those with bigger chucks. To compensate, they are typically less expensive than other drills. This chuck-size variety produced approximately USD 229.22 million in revenue in the global cordless hammer drills market in 2021.

Segmentation by Chuck Size

  • 1/2”
  • 3/8” & Above

GEOGRAPHICAL ANALYSIS

The rising economic development, growth of renovation and reconstruction activities, and demand for convenience tools have contributed to the growth of the global cordless hammer drills market. Battery-operated cordless hammer drills have widespread use across the residential and commercial sectors. They are used in various verticals, including construction, renovation, and more.

In 2021, North America was the largest cordless hammer drills market, with a share of 28.16%. Large-scale industries such as construction are driving the region's market for Li-ion-operated cordless hammer drills. Furthermore, the DIY culture is highly predominant in America that needs tools such as hammer drills when working on tough materials such as concrete and others. With the rise in green building regulations, high disposable income, and immigration rates, the demand for cordless hammer drills is expected to surge during the forecast period. Green building regulations require a lot of changes to be made in terms of sustainability which would lead to a rise in renovation work requiring hammer drills, thus leading to the growth in demand for the cordless hammer drill.

North America was followed by Europe, APAC, Latin America, and MEA, given the rapid growth in the global construction and renovation industry.

Segmentation by Geography

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

COMPETITIVE LANDSCAPE

The global cordless hammer drills market is characterized by low market concentration with high competition. The present scenario drives vendors to alter and refine their unique value propositions to achieve a strong market presence. Currently, the industry is moderately fragmented and is dominated by vendors such as Stanley Black & Decker, Bosch, and TTI. These significant vendors have a global presence in the three major regions of North America, APAC, and Europe.

Vendors must develop new technologies and remain abreast with upcoming innovations to have a competitive advantage. To gain more cordless hammer drills market share, many international players are expected to expand their reach worldwide during the forecast period, especially in the fast-developing countries in APAC and Latin America. In addition, improving global economic conditions will fuel the industry’s growth, making it an attractive time to launch new products.

Key Company Profiles

  • 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
  • Positec
  • CHEVRON
  • FEIN
  • FERM
  • AIMCO
  • Uryu Seisaku
  • INTRSKOL
  • Festool
  • Kyocera
  • CS Unitec
  • Dynabrade
  • Husqvarna
  • STIHL
  • Oregon Tool, Inc.

KEY QUESTIONS ANSWERED

1. What is the revenue from the global cordless hammer drills market?
2. What is the growth rate of the global cordless hammer drills market?
3. What is the global cordless hammer drills market projected market size by 2027?
4. Which region dominates the global cordless hammer drills market?
5. What are the key driving factors in the cordless hammer drills market?
Frequently Asked Questions about the Cordless Hammer Drills Market

What is the estimated value of the Cordless Hammer Drills Market?

The Cordless Hammer Drills Market was estimated to be valued at $1110 Million in 2021.

What is the growth rate of the Cordless Hammer Drills Market?

The growth rate of the Cordless Hammer Drills Market is 11.2%, with an estimated value of $2100.85 Million by 2027.

What is the forecasted size of the Cordless Hammer Drills Market?

The Cordless Hammer Drills Market is estimated to be worth $2100.85 Million by 2027.

Who are the key companies in the Cordless Hammer Drills Market?

Key companies in the Cordless Hammer Drills Market include Stanley Black & Decker, Robert Bosch, Techtronic Industries Company, Makita, Hilti, Atlas Copco, Apex Tool Group, Ingersoll Rand and On.

Table of Contents

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 Motor Type
4.3.2 Market Segmentation by Application
4.3.3 Market Segmentation by Voltage
4.3.4 Market Segmentation by Chuck Size
4.3.5 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 Premium Insights
7.1 Report Review
7.2 Opportunity & Challenge Analysis
7.3 Segment Analysis
7.4 Regional Analysis
7.5 Competitive Landscape

8 Introduction
8.1 Overview
8.2 Value Chain Analysis
8.2.1 Raw Materials
8.2.2 Manufacturers
8.2.3 Retailers
8.2.4 Users
8.3 Frequently Asked Questions
8.3.1 at What Rate Will the Global Cordless Hammer Drills Market Grow Post-2022?
8.3.2 What Are the Major Factors Affecting the Cordless Hammer Drills Market?
8.3.3 What is the Difference Between Hammer Drills and Impact Drivers?
8.3.4 What is the State of the Cordless Hammer Drills Market in Different Regions Across the Globe?
8.3.5 Why Are Cordless Hammer Drill Tools Expensive, and Will Their Prices Continue to Rise?

9 Market Opportunities & Trends
9.1 Rise in Renovations
9.2 Development of Li-Ion Batteries

10 Market Growth Enablers
10.1 Increase in Demand from Commercial Spaces
10.2 Multiutility of Cordless Hammer Drills
10.3 Rise in Diy Activities Across the Globe

11 Market Restraints
11.1 Availability of Affordable Alternatives
11.2 Lack of Skilled Labor in Emerging Economies
11.3 Us-China Trade War

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry

13 Motor Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Brushless
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Brushed
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography

14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Commercial
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Residential
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Industrial
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography

15 Voltage
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 12V
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market by Geography
15.4 18V
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market by Geography
15.5 20V & Above
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Market by Geography

16 Chuck Size
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 1/2”
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.3.3 Market by Geography
16.4 3/8” & Above
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.4.3 Market by Geography

17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview

18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Motor Type
18.3.1 Market Size & Forecast
18.4 Application
18.4.1 Market Size & Forecast
18.5 Voltage
18.5.1 Market Size & Forecast
18.6 Chuck Size
18.6.1 Market Size & Forecast
18.7 Key Countries
18.7.1 Us: Market Size & Forecast
18.7.2 Canada: Market Size & Forecast

19 Europe
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Motor Type
19.3.1 Market Size & Forecast
19.4 Application
19.4.1 Market Size & Forecast
19.5 Voltage
19.5.1 Market Size & Forecast
19.6 Chuck Size
19.6.1 Market Size & Forecast
19.7 Key Countries
19.7.1 Uk: Market Size & Forecast
19.7.2 Germany: Market Size & Forecast
19.7.3 France: Market Size & Forecast
19.7.4 Spain: Market Size & Forecast
19.7.5 Italy: Market Size & Forecast

20 Apac
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Motor Type
20.3.1 Market Size & Forecast
20.4 Application
20.4.1 Market Size & Forecast
20.5 Voltage
20.5.1 Market Size & Forecast
20.6 Chuck Size
20.6.1 Market Size & Forecast
20.7 Key Countries
20.7.1 China: Market Size & Forecast
20.7.2 Japan: Market Size & Forecast
20.7.3 South Korea: Market Size & Forecast
20.7.4 Australia: Market Size & Forecast
20.7.5 India: Market Size & Forecast

21 Latin America
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Motor Type
21.3.1 Market Size & Forecast
21.4 Application
21.4.1 Market Size & Forecast
21.5 Voltage
21.5.1 Market Size & Forecast
21.6 Chuck Size
21.6.1 Market Size & Forecast
21.7 Key Countries
21.7.1 Brazil: Market Size & Forecast
21.7.2 Mexico: Market Size & Forecast

22 Middle East and Africa
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Motor Type
22.3.1 Market Size & Forecast
22.4 Application
22.4.1 Market Size & Forecast
22.5 Voltage
22.5.1 Market Size & Forecast
22.6 Chuck Size
22.6.1 Market Size & Forecast
22.7 Key Countries
22.7.1 South Africa: Market Size & Forecast
22.7.2 Saudi Arabia: Market Size & Forecast
22.7.3 Uae: Market Size & Forecast
22.7.4 Turkey: Market Size & Forecast

23 Competitive Landscape
23.1 Competition Overview

24 Key Company Profiles
24.1 Stanley Black & Decker
24.1.1 Business Overview
24.1.2 Product Offerings
24.1.3 Key Strategies
24.1.4 Key Strengths
24.1.5 Key Opportunities
24.2 Robert Bosch
24.2.1 Business Overview
24.2.2 Product Offerings
24.2.3 Key Strategies
24.2.4 Key Strengths
24.2.5 Key Opportunities
24.3 Techtronic Industries Company
24.3.1 Business Overview
24.3.2 Product Offerings
24.3.3 Key Strategies
24.3.4 Key Strengths
24.3.5 Key Opportunities
24.4 Makita
24.4.1 Business Overview
24.4.2 Product Offerings
24.4.3 Key Strategies
24.4.4 Key Strengths
24.4.5 Key Opportunities
24.5 Hilti
24.5.1 Business Overview
24.5.2 Product Offerings
24.5.3 Key Strategies
24.5.4 Key Strengths
24.5.5 Key Opportunities

25 Other Prominent Vendors
25.1 Atlas Copco
25.1.1 Business Overview
25.1.2 Product Offerings
25.2 Apex Tool Group
25.2.1 Business Overview
25.2.2 Product Offerings
25.3 Ingersoll Rand
25.3.1 Business Overview
25.3.2 Product Offerings
25.4 Snap-On
25.4.1 Business Overview
25.4.2 Product Offerings
25.5 Koki Holdings
25.5.1 Business Overview
25.5.2 Product Offerings
25.6 Emerson
25.6.1 Business Overview
25.6.2 Product Offerings
25.7 Panasonic Electric Works Europe AG
25.7.1 Business Overview
25.7.2 Product Offerings
25.8 Fortive
25.8.1 Business Overview
25.8.2 Product Offerings
25.9 Positec
25.9.1 Business Overview
25.9.2 Product Offerings
25.10 Chevron
25.10.1 Business Overview
25.10.2 Product Offerings
25.11 Fein
25.11.1 Business Overview
25.11.2 Product Offerings
25.12 Ferm
25.12.1 Business Overview
25.12.2 Product Offerings
25.13 Aimco
25.13.1 Business Overview
25.13.2 Product Offerings
25.14 Uryu Seisaku
25.14.1 Business Overview
25.14.2 Product Offerings
25.15 Interskol
25.15.1 Business Overview
25.15.2 Product Offerings
25.16 Festool
25.16.1 Business Overview
25.16.2 Product Offerings
25.17 Kyocera
25.17.1 Business Overview
25.17.2 Product Offerings
25.18 Cs Unitec
25.18.1 Business Overview
25.18.2 Product Offerings
25.19 Dynabrade
25.19.1 Business Overview
25.19.2 Product Offerings
25.20 Husqvarna
25.20.1 Business Overview
25.20.2 Product Offerings
25.21 Stihl
25.21.1 Business Overview
25.21.2 Product Offerings
25.22 Oregon Tool
25.22.1 Business Overview
25.22.2 Product Offerings

26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations

27 Quantitative Summary
27.1 Market by Geography
27.2 Market by Motor Type
27.2.1 Brushless
27.2.2 Brushed
27.3 Market by Application
27.3.1 Commercial
27.3.2 Residential
27.3.3 Industrial
27.4 Market by Voltage
27.4.1 18V
27.4.2 12V
27.4.3 20V & Above
27.5 Market by Chuck Size
27.5.1 1/2”
27.5.2 3/8”
27.6 North America
27.6.1 Motor Type
27.6.2 Application
27.6.3 Voltage
27.6.4 Chuck Size
27.7 Europe
27.7.1 Motor Type
27.7.2 Application
27.7.3 Voltage
27.7.4 Chuck Size
27.8 Apac
27.8.1 Motor Type
27.8.2 Application
27.8.3 Voltage
27.8.4 Chuck Size
27.9 Latin America
27.9.1 Motor Type
27.9.2 Application
27.9.3 Voltage
27.9.4 Chuck Size
27.10 Middle East & Africa
27.10.1 Motor Type
27.10.2 Application
27.10.3 Voltage
27.10.4 Chuck Size

28 Appendix
28.1 Abbreviations

Companies Mentioned

  • Stanley Black & Decker
  • Robert Bosch
  • Techtronic Industries Company
  • Makita
  • Hilti
  • Atlas Copco
  • Apex Tool Group
  • Ingersoll Rand
  • Snap-On
  • Koki Holdings
  • Emerson
  • Panasonic
  • Fortive
  • Positec
  • CHEVRON
  • FEIN
  • FERM
  • AIMCO
  • Uryu Seisaku
  • INTRSKOL
  • Festool
  • Kyocera
  • CS Unitec
  • Dynabrade
  • Husqvarna
  • STIHL
  • Oregon Tool, Inc.

Methodology


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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