Cordless Power tools are the ones actuated by an additional mechanism to provide a power source despite depending on conventional manual labor instruments to complete the required tasks. The conventional equipment was difficult to handle and hence with years of innovation and advancements, manufacturers have launched next-generation equipment that is extremely sleek, well built, and compact with the major objective to enhance the mobility of the instrument to accomplish various tasks.
The high ability of ubiquitous tools to explicitly lower manual labor in order to enhance productivity is one of the major factors driving the growth of the global cordless power tools market. The cordless power tools have witnessed high popularity in recent years due to their extensive portfolio that includes bare tools, nail guns, grinders, sandals, and several other related accessories that can easily fulfill the requirements of mending and developing household projects. Manufacturers are also launching several power tools that require much less time in charging along with increased voltage and storage capacities so that these cordless power tools can bear the heavy workload applications. People prefer these cordless power tools as it takes much less time even in the exhaustive applications, in addition to the convenience offered by them. All these factors will escalate the growth of the global cordless power tools market in the forthcoming years.
The global cordless power tools market can be segmented into end users, battery, product, and region.
By end-user, the market can be segmented into household and professional.
By battery, the market can be segmented into Li-ion, NiMH, and NiCad.
By product, the market can be segmented into power accessories tools, woodworking tools, nail guns, grinders, sandals, saws, drills, and others.
North America accounts for the largest share in the global cordless power tools market due to the growing demand for automotive production in the region. Moreover, the growing awareness regarding the benefits of cordless power tools among people is likely to boost the adoption of cordless power tools in the region.
Some of the significant players in the global cordless power tools market are Stanley Black and Decker, Robert Bosch, Emak, Craftsman, MTD, The Toro Company, Husqvarna, Deere and Company, Ariens, Makita, Hitachi, Honda, Greenworks, Briggs and Stratton, EMAK, Echo, Worx, TTI, Blount, Stihl, Techtronic Industries Co Ltd, Snap-on Inc, and Panasonic Corp. To cite, Bosch power tools in June 2019 launched its range of cordless power tools. It is expected that this power tools range is likely to boost the convenience to four times as compared to traditional tools.
