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Global Cordless Power Tools Market Growth Forecast and trends 2016-2024

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In past few years, power tool market witnessed the shift from corded to cordless power tools. While corded tools still acquire considerable market, the shift of cordless tools is significant. Cordless power tools include wide range of battery-powered tools such as hammer drills, impact wrenches, nailers & staplers, circular saws and many others.  The desire for more mobile and compact tools is driving the shift to cordless tools. The major power tool manufacturers witnessed 5% increase in power tools sales owing to the introduction of cordless power tools. With the growing popularity of cordless power tools, advanced batteries for longer run time of power tools is one of the major qualities that complement these devices. Hence, lithium-ion batteries replacing the conventional nickel-Cd (Nickel Cadmium) and nickel-metal hydride powered tools. Lithium-ion batteries provide higher energy density and longer running hours, making them more efficient. – PowerPoint PPT presentation

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Title: Global Cordless Power Tools Market Growth Forecast and trends 2016-2024


1
Report Code HICT1005
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
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Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
Global Cordless Power Tool Market Outlook In
past few years, power tool market witnessed the
shift from corded to cordless power tools. While
corded tools still acquire considerable market,
the shift of cordless tools is significant.
Cordless power tools include wide range of
battery-powered tools such as hammer drills,
impact wrenches, nailers staplers, circular
saws and many others.  The desire for more mobile
and compact tools is driving the shift to
cordless tools. The major power tool
manufacturers witnessed 5 increase in power
tools sales owing to the introduction of cordless
power tools. With the growing popularity of
cordless power tools, advanced batteries for
longer run time of power tools is one of the
major qualities that complement these devices.
Hence, lithium-ion batteries replacing the
conventional nickel-Cd (Nickel Cadmium) and
nickel-metal hydride powered tools. Lithium-ion
batteries provide higher energy density and
longer running hours, making them more efficient.
With rising prevalence of cordless power tools
and growing demand on international scale, new
players will enter the market and compete with
major manufacturers, which significantly
contribute to upticks in innovations. Companies
are expending huge amounts on research and
development activities in order to raise tool
strength and life span. For instance, Dewalt of
Stanley Company, a leading manufacturer of power
tools, recently released its latest innovation
called the Flexvolt. This is the innovation
battery that automatically changes it voltage
with different tools it is used with the first
of its kind technology to do so.  
3
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
  • Market Segmentation
  • By Product Type
  • Drills
  • Impact Drivers
  • Impact Wrenches
  • Reciprocating Saws
  • Polisher/Sander
  • Other (Adhesive Dispensers etc.)
  • By Power Output
  • 7v-15v
  • 12v-18v
  • 18v-36v
  • By End Users
  • Professional
  • Consumer
  • Send Us Sample Request_at_ https//www.goldsteinresea
    rch.com/request-sample/global-cordless-power-tools
    -market-outlook-2024-global-opportunity-and-demand
    -analysis-market-forecast-2016-2024

Sample Request
4
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
  • Based on Geography
  • North America (US, Canada) Market Share (),
    Market Size (USD Million), Production (Units)
  • Europe (UK, France, Italy, Germany, Spain,
    Hungary, Sweden, Russia, Poland and Rest of
    Europe) Market Share (), Market Size (USD
    Million), Production (Units)
  • Middle East and Africa (GCC Countries, North
    Africa, South Africa and Rest of Middle East
    Africa) Market Share (), Market Size (USD
    Million), Production (Units)
  • Latin America (Brazil, Mexico and Rest of Latin
    America) Market Share (), Market Size (USD
    Million) , Production (Units)
  • Asia Pacific (China, Japan, India, Singapore,
    South Korea, Australia, New Zealand and Rest of
    Asia-Pacific) Market Share (), Market Size (USD
    Million), Production (Units)
  • Rest of the World Market Share (), Market Size
    (USD Million), Production (Units)

5
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
Market Size and Forecast (2016-2024) Global
cordless power tools market accounted for USD
14.6 billion in 2016 and the market is expected
to reach USD 21.4 billion by the end of 2024.
Further, the market is anticipated to expand at a
compound annual growth rate of 4.8 over the
forecast period i.e. 2016-2024. Geographically,
North America accounted for the highest revenue
share in global cordless power tools market in
2016 with more than USD 4.5 billion revenue
generated. American construction industry is
expected to grow faster than China in next 15
years, growing by an average of 5 per annum.
North America is closely followed by the Europe
with more than 25 market share in global
cordless power tools market. Stringent rules
implemented by the European Union and the growing
automotive industry expected to drive the market
growth. Asia-Pacific region will show strong
growth in cordless power tools demand through
2024, which is projected to expand at a CAGR of
6.3 over the forecast period. Sales in the
region will be driven by the advances in building
construction activity and growing automotive
sector in China.        
6
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
Global Cordless Power Tools Market Outlook 2024
contains detailed overview of the global cordless
power tools market in terms of market
segmentation by product type, by power output
type and by end users. Further, for the in-depth
analysis, the report encompasses the industry
growth drivers, market challenges, risk analysis,
market attractiveness, BPS (Base Point Scale)
analysis, Porters five force model and SWOT
analysis. Global Cordless Power Tools Market
Report also provides competitive outlook of some
of the major players which includes profiling of
companies such Makita, Robert Bosch, Stanley
Black Decker, Atlas Copco, Hilti, Hitachi Koki,
Husqvarna, Snap-on, Milwaukee Tools etc. The
company profiles include business strategy,
geographical revenue distribution, major
information of the companies which encompasses
business outlook, products, services and
industries catered, financial analysis of the
company and recent developments. Overall, the
report represents cordless power tools market
trends that will help industry consultants,
equipment manufacturers, existing players
searching for expansion opportunities, new
players searching possibilities and other
stakeholders to align their market centric
strategies according to the ongoing and expected
trends in the future. Request for TOC_at_
https//www.goldsteinresearch.com/toc-request/glob
al-cordless-power-tools-market-outlook-2024-global
-opportunity-and-demand-analysis-market-forecast-2
016-2024
7
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
  • Scope Background
  •  Market Synopsis
  •  
  • Market Segmentation
  •  Global cordless power tools market segmentation
    follows
  • By Product Type (Market Size, Demand Analysis and
    Growth Analysis)
  • By Power output Type (Market Size, Demand
    Analysis and Growth Analysis)
  • By  End Users Type (Market Size, Demand Analysis
    and Growth Analysis)
  • By Country
  • North America (U.S., Canada) Market Size, Growth
    Analysis and Opportunity Analysis
  • Latin America (Argentina, Mexico, Brazil and Rest
    of Latin America) Market Size, Growth Analysis
    and Opportunity Analysis
  • Europe (Germany, Italy, Spain, France, The U.K.,
    Netherlands, Sweden, Hungary, Russia, Poland,
    Rest of Europe) Market Size, Growth Analysis and
    Opportunity Analysis
  • Asia-Pacific (China, India, Singapore, Japan,
    Australia, New Zealand, South Korea and Rest of
    Asia Pacific) Market Size, Growth Analysis and
    Opportunity Analysis
  • Middle East and North Africa (MENA) Market Size,
    Growth Analysis and Opportunity Analysis
  • Rest of World  Market Size, Growth Analysis and
    Opportunity Analysis

8
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
  • Market Dynamics Growth Drivers, Restraints and
    Opportunities
  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments
  • Key Market Players
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
  • Porters Five Force Model
  • Market Landscape Competition and Beyond
  • Market outlook for business players and entry
    level players to ascertain their business in
    dynamic ecosystem
  • Expert Analysis
  • Concluding Remarks

Sample Request
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Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
About Goldstein Research Based in U.S., Goldstein
Research is a young business consulting and
market research firm with vast reach across
America, Asia and parts of Europe and the Middle
East. In the next five years, we strive to
expand our reach to 50 nations spanning across
Europe, Asia and parts of the Middle East and
Africa. We strive to realize a strong brand
presence globally through our quality research
and forecasting solutions. With 30 domain
experts and 50 employees working day and night
to crunch numbers and bring out the best and
detailed market reports and forecasts, we strive
to enable you to foresee upcoming market
challenges and develop a robust business model
and strategies, which would add to your
profitability and market visibility as a
brand. Our mission is simple to develop
insightful business solutions, help our clients
make powerful future decisions to keep them well
ahead of the game which is the market, and leave
a mark across businesses and communities through
our well-defined ideas and clear cut forecasts.
Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
10
Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
Sample Request
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Global Cordless Power Tools Market Growth
Forecast and trends 2016-2024
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