The global electric portable drill market is expected to reach an estimated $6.9 billion with a CAGR of 4.3% from 2024 to 2030.
The major drivers for this market are increased power drill advances made possible by contemporary methods, rise in the use of battery-powered power drills due to the low cost of lead-acid battery pack packs, as well as, implementation of multifunctional power drills. The future of the global electric portable drill market looks promising with opportunities in the furniture decoration, construction industry, air conditioning installation, and billboard installation markets.
North America is expected to witness highest growth over the forecast period because when compared to other locations, this region has been extremely helpful in incorporating the newest technical developments.
Answer: The global electric portable drill market is expected to reach $6.9 billion by 2030.
Q1. What is the growth forecast for electric portable drill market?
Answer: The global electric portable drill market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the electric portable drill market?
Answer: The major drivers for this market are increased power drill advances made possible by contemporary methods, rise in the use of battery-powered power drills due to the low cost of lead-acid battery pack packs, as well as, implementation of multifunctional power drills.
Q3. What are the major segments for electric portable drill market?
Answer: The future of the global electric portable drill market looks promising with opportunities in the furniture decoration, construction industry, air conditioning installation, and billboard installation markets.
Q4. Who are the key electric portable drill market companies?
Answer: Some of the key electric portable drill companies are as follows:
Answer: The publisher forecasts that wireless type electric portable drill is expected to witness higher growth over the forecast period due to developments in rechargeable batteries and performance upgrades, manufacturers have produced wireless power drills that increase mobility.
Q6. In electric portable drill market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period because when compared to other locations, this region has been extremely helpful in incorporating the newest technical developments.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The major drivers for this market are increased power drill advances made possible by contemporary methods, rise in the use of battery-powered power drills due to the low cost of lead-acid battery pack packs, as well as, implementation of multifunctional power drills. The future of the global electric portable drill market looks promising with opportunities in the furniture decoration, construction industry, air conditioning installation, and billboard installation markets.
Electric Portable Drill by Segment
The study includes a forecast for the global electric portable drill by product, application, and region.Electric Portable Drill Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Cable Type Electric Portable Drill
- Wireless Type Electric Portable Drill
Electric Portable Drill Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Furniture Decoration
- Construction Industry
- Air Conditioning Installation
- Billboard Installation
- Others
Electric Portable Drill Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Electric Portable Drill Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric portable drill companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric portable drill companies profiled in this report include:- Makita
- Metabo
- PORTER-CABLE
- RIDGID
- Bosch
- Craftsman
- DEWALT
- RYOBI
- SKIL
- Black & Decker
Electric Portable Drill Market Insights
Wireless type electric portable drill is expected to witness higher growth over the forecast period due to developments in rechargeable batteries and performance upgrades, manufacturers have produced wireless power drills that increase mobility.North America is expected to witness highest growth over the forecast period because when compared to other locations, this region has been extremely helpful in incorporating the newest technical developments.
Features of the Global Electric Portable Drill Market
- Market Size Estimates: Electric portable drill market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Electric portable drill market size by product, application, and region in terms of value ($B).
- Regional Analysis: Electric portable drill market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the electric portable drill market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric portable drill market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electric portable drill market size?Answer: The global electric portable drill market is expected to reach $6.9 billion by 2030.
Q1. What is the growth forecast for electric portable drill market?
Answer: The global electric portable drill market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the electric portable drill market?
Answer: The major drivers for this market are increased power drill advances made possible by contemporary methods, rise in the use of battery-powered power drills due to the low cost of lead-acid battery pack packs, as well as, implementation of multifunctional power drills.
Q3. What are the major segments for electric portable drill market?
Answer: The future of the global electric portable drill market looks promising with opportunities in the furniture decoration, construction industry, air conditioning installation, and billboard installation markets.
Q4. Who are the key electric portable drill market companies?
Answer: Some of the key electric portable drill companies are as follows:
- Makita
- Metabo
- PORTER-CABLE
- RIDGID
- Bosch
- Craftsman
- DEWALT
- RYOBI
- SKIL
- Black & Decker
Answer: The publisher forecasts that wireless type electric portable drill is expected to witness higher growth over the forecast period due to developments in rechargeable batteries and performance upgrades, manufacturers have produced wireless power drills that increase mobility.
Q6. In electric portable drill market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period because when compared to other locations, this region has been extremely helpful in incorporating the newest technical developments.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric portable drill market by product (cable type electric portable drill and wireless type electric portable drill), application (furniture decoration, construction industry, air conditioning installation, billboard installation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Electric Portable Drill Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Makita
- Metabo
- PORTER-CABLE
- RIDGID
- Bosch
- Craftsman
- DEWALT
- RYOBI
- SKIL
- Black & Decker
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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