Cordless Power Tools Market Overview:

The purpose of this study is to provide an in-depth analysis of the Cordless Power Tools market by segments, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Cordless Power Tools industry. The study also provides a thorough examination of the market's value chain.

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Global Cordless Power Tools Market was worth US$ 2.07 Bn. in 2020 and total revenue is expected to grow at a rate of 6.97 % CAGR from 2021 to 2027, reaching almost US$ 3.55 Bn. in 2027.

Market Scope:

The research method used to assess and forecast the Cordless Power Tools market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Cordless Power Tools market.

Drivers:

A wide variety of battery-powered tools, including hammer drills, impact wrenches, circular saws, and others, are included in cordless power tools. The market for cordless tools is being overtaken by the demand for new mobile and compressed tools. Ni-Cd and Ni-MH batteries are being replaced by more modern lithium-ion batteries. The growing acceptance of cordless power tools with high-density batteries, which can operate for longer after charging, is being aided by advancements in battery technology. Power tools benefit from lithium-ion batteries' higher energy density and longer operational life. These are not self-discharging and are lightweight. Lithium-ion batteries are now the norm for power tool power sources. Additionally, tool manufacturers are focusing on cordless power tools and releasing innovative products on the market in response to consumer interest in cordless tools.

Segmentation:

Due to the rising popularity of DIY techniques among household customers, the market for electric power tools is anticipated to grow at the highest CAGR during the forecast period. Many industries also use electric power tools. Innovations in battery technology and the growing popularity of cordless tools among manufacturing and home users are driving the development of these tools. Industrialization and rapid development are predicted to further fuel market growth. It is anticipated that the COVID-19 pandemic outbreak will have an impact on all end-user industries. The production of electric power tools and the market's demand for them are both being impacted by this outbreak.

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Key Players: the key players are:

• Apex Tool Group
• Atlas Copco AB
• Hilti Corporation
• Ingersoll-Rand PLC
• Hitachi Ltd.
• Makita Corporation
• Robert Bosch GmbH
• Snap-On Incorporated
• Stanley Black and Decker
• Techtronic Industries
• Koki Holdings
• Emerson
• Panasonic
• Fortive
• CHEVRON
• Positec

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Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

COVID-19 Impact Analysis on Cordless Power Tools Market: The detailed review of COVID-19 impact on the Cordless Power Tools market based on import, suppliers, ket players have also been included in the Cordless Power Tools market report.

Key Questions Answered in the Cordless Power Tools Market Report are:

Which segment had the largest share in the Cordless Power Tools market?
How is the competitive landscape of the Cordless Power Tools market?
Which are the key factors impacting the Cordless Power Tools market growth?
Which region has the maximum share in the Cordless Power Tools market?
What will be the CAGR of the Cordless Power Tools market during the forecast period (2021-2027)?
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