The global market for Cordless Power Tools is estimated at US$22.9 Billion in 2023 and is projected to reach US$41.9 Billion by 2030, growing at a CAGR of 9.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cordless power tools market is driven by several factors, including the rapid urbanization across the globe, which necessitates portable and efficient tools for construction and infrastructure development. The expanding professional landscaping and maintenance services have further increased the demand for cordless equipment, as these tools offer the freedom to work without direct power sources, which is crucial in outdoor or remote settings. Another significant driver is the ongoing innovation in charging technologies, which reduces downtime for tools, thereby boosting productivity. As battery technology continues to evolve, making cordless tools lighter and more efficient, their adoption is expected to continue rising, bolstered by the growing trend towards automation and efficient energy use in industrial applications.
The growth in the cordless power tools market is driven by several factors, including the rapid urbanization across the globe, which necessitates portable and efficient tools for construction and infrastructure development. The expanding professional landscaping and maintenance services have further increased the demand for cordless equipment, as these tools offer the freedom to work without direct power sources, which is crucial in outdoor or remote settings. Another significant driver is the ongoing innovation in charging technologies, which reduces downtime for tools, thereby boosting productivity. As battery technology continues to evolve, making cordless tools lighter and more efficient, their adoption is expected to continue rising, bolstered by the growing trend towards automation and efficient energy use in industrial applications.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Professional End-Use segment, which is expected to reach US$29.9 Billion by 2030 with a CAGR of a 9.8%. The Consumer End-Use segment is also set to grow at 7.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.0 Billion in 2023, and China, forecasted to grow at an impressive 12.3% CAGR to reach $9.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cordless Power Tools Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cordless Power Tools Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cordless Power Tools Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Collomix North America, Festool GmbH, Friedrich Duss Maschinenfabrik GmbH & Co. KG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 43 Featured):
- Collomix North America
- Festool GmbH
- Friedrich Duss Maschinenfabrik GmbH & Co. KG
- Hilti North America
- Hitachi Koki Co., Ltd.
- Husqvarna AB
- Interskol
- Makita U.S.A., Inc.
- Metabo Corporation
- Milwaukee Electric Tool
- OTTO BAIER GmbH
- Robert Bosch GmbH
- Snap-on Inc.
- Stanley Black & Decker, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Collomix North America
- Festool GmbH
- Friedrich Duss Maschinenfabrik GmbH & Co. KG
- Hilti North America
- Hitachi Koki Co., Ltd.
- Husqvarna AB
- Interskol
- Makita U.S.A., Inc.
- Metabo Corporation
- Milwaukee Electric Tool
- OTTO BAIER GmbH
- Robert Bosch GmbH
- Snap-on Inc.
- Stanley Black & Decker, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 293 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 22.9 Billion |
| Forecasted Market Value ( USD | $ 41.9 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
