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US Cordless Power Tools Market Outlook & Forecast Report 2022-2027 Featuring Key Vendors – Stanley Black & Decker, Robert Bosch, Techtronic Industries Co, Makita && Hilti – ResearchAndMarkets.com – Business Wire | Casual Expat

DUBLIN–(BUSINESS WIRE)–Added US Cordless Power Tools Market – Industry Outlook and Forecast 2022-2027 report ResearchAndMarkets.com Offer.

Power tools outperform traditional hand tools in the professional and private segments due to the demand for efficiency. For example, the construction industry is under intense pressure to introduce innovative tools that reduce human effort.

The increase in infrastructure and the construction market is a boon for the power tool market, which will continue to drive innovation in the future. The increase in manual labor costs, home improvement activities and home improvement has increased the demand for easy-to-use tools. Technological advances have led to the development of multiple tools and machines across all industries.

SEGMENT OVERVIEW

The drilling and fastening tools segment will account for the largest share in 2021. It is expected to add $0.69 billion in additional growth to the segment through 2027.

The most common cordless power tools are drilling and fastening tools such as power drills, impact wrenches, impact wrenches, screwdrivers and socket wrenches. Most tools are not applied individually, and each industry uses the optimal combination of these tools. For example, the use of drills depends on the type and nature of the work. Impact drills and wrenches give almost the same result. However, the difference lies in the effectiveness and overall productivity of the tools.

The brushed motor segment is expected to reach $4.28 billion by 2027. Furthermore, the segment is expected to ship 61.55 million units in 2027 and will grow at a CAGR of 6.22% during the forecast period.

The structure and design of brushed motors are very simple. Also, manufacturing is straightforward due to a small number of internal components. Therefore, the total cost of brushed DC motors is low. Brushed motors are much more reliable and less expensive than brushless motors. In terms of power, however, brushed motors are less powerful than brushless motors.

The 12V Li-ion battery will hold the largest share of the US cordless power tools market in 2021 and is expected to retain the dominance during the forecast period.

The segment is expected to add $0.81 billion in revenue by 2021. Several players produce lithium-ion batteries, such as B. Robert Bosch. BAT414 is a 12V Max 2.0Ah Lithium Ion battery offered by Robert Bosch. BAT414 uses advanced technology for optimal battery life, performance and runtime. It is a more compact and lighter battery for power tools and an ideal complement to the compact tools of the 12 V line from Bosch.

The industrial end-user segment was the top contributor to revenue in the US cordless power tools market in 2021 and this trend is likely to continue throughout the forecast period.

The segment is expected to register deliveries of 85.24 million units in 2027, at a CAGR of 6.50%. Cordless power tools are widely used in automotive, aerospace, electronics, power, construction, shipbuilding and other industries. The construction sector is the largest contributor to revenue due to rising construction and renovation activity across the region, followed by the automotive industry, which involves the assembly of high-precision parts. The industrial segment is expected to add an additional $2.41 in revenue over the forecast period.

MARKET DYNAMICS:

Increasing demand for industrial heat guns

Power tools, which include machines such as drills, grinders, saws, heat guns, and others, are seeing significant growth in the region. These machines help increase work efficiency through the use of advanced sensors and other technologies while minimizing errors and injuries. Power tools are used in various industries due to their multiple advantages.

MARKET LEADER:

Growing demand for DIY projects

In the US, most adults engage in creative and purposeful leisure activities. Most people also engage in home improvement and maintenance jobs because of their interests. The demand for DIY power tools is increasing due to the better living standards of the middle class who are looking for better living quarters.

MARKET CHALLENGES:

High-end user variability

The cordless power tools have extensive manufacturing requirements to meet the diverse needs of end users in different regions. Dealing with multiple customers and their expected standards, suppliers must have flexible production lines that can quickly adapt to the short-term fluctuations in end customer demand.

INSIGHTS FROM VENDORS

The US market for cordless power tools is characterized by low market concentration and strong competition.

The big providers are also constantly competing for the leading position in the market, with occasional competition from other local providers. The market is characterized by the presence of diversified global and regional suppliers. The competition is based solely on durability, technology, services, price and customization. Many international players are expected to expand their reach globally during the forecast period. Additionally, the improving economic conditions will spur the growth of the market, making it an attractive time for new product launches.

Key requirements for success in the US cordless power tool market

  • The growing demand for Li-ion batteries and increasing infrastructure development have driven the demand for cordless power tools in the region.

  • Increased home renovations and home improvement activities are expected to boost demand for cordless power tools in the US.

  • The do-it-yourself culture is one of the key drivers of the US cordless power tool market.

key provider

  • Stanley Black & Decker

  • Robert Bosch

  • Techtronic Industries Company

  • Makita

  • Hilti

Other prominent providers

  • Atlas Copco

  • Apex tool group

  • Ingersol Rand

  • snapping

  • Koki stocks

  • emerson

  • Panasonic Holdings Corporation

  • fortive

  • Positec

  • CHERVON

  • FINE

  • AIMCO

  • CS Unitec

  • Dynabrade

  • Husqvarna

  • STIHL

  • Blunt International

  • Illinois Tool Works

  • iQ power tools

  • Global tool group

Main topics covered:

1 research methodology

2 research goals

3 research process

4 Scope and Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the Study

4.4 Market Segments

5 Report assumptions and reservations

5.1 Important caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a glance

7 premium insights

7.1.1 Market Overview

7.1.2 Market Trends

7.1.3 Market Drivers

7.1.4 Market Challenges

7.1.5 Segment review

7.1.6 Company & Strategies

8 Introduction

8.1 Overview

8.2 Insights into the construction

8.2.1 South Region

8.2.2 Western Region

8.2.3 Northeast Region

8.2.4 Midwest

8.3 Analysis of the value chain

8.3.1 Material Suppliers

8.3.2 Manufacturer

8.3.3 Distributors

8.3.4 Application

8.4 COVID-19 Scenario

8.5 Historical Data

8.5.1 United States

8.5.2 South Region

8.5.3 Western Region

8.5.4 Northeast Region

8.5.5 Midwest

8.6 US-China Trade Issues

9 Market Opportunities and Trends

9.1 Increasing demand for industrial heat guns

9.2 Technological innovation in Industry 4.0

9.3 Growing demand for prefabricated houses

10 Market Growth Promoters

10.1 Advances in Li-ion Batteries

10.2 Growing demand for DIY projects

10.3 Increasing use of fasteners

11 Market Restrictions

11.1 Fluctuations in Commodity Prices

11.2 High-End User Variability

11.3 US-China trade war

12 market landscape

12.1 Market Overview

12.2 Market Size and Forecast

12.3 Five Force Analysis

13 tool type

13.1 Market overview & growth engine (sales)

13.2 Market Overview & Growth Engine (Units)

13.3 Market Overview

14 drilling and fastening tools

14.1 Market overview & growth engine (sales)

14.2 Market Overview & Growth Engine (Units)

14.3 Market Overview

14.4 Exercises

14.5 Impact wrench

14.6 Impact wrench

14.7 Screwdrivers and socket wrenches

15 sawing and cutting tools

15.1 Market overview & growth engine (sales)

15.2 Market Overview & Growth Engine (Units)

15.3 Market Overview

15.4 Circular Saws

15.5 Saber saws

15.6 Band saws

15.7 Jigsaws

15.8 Scissors & Nibblers

16 demolition tools

16.1 Market overview & growth engine (sales)

16.2 Market Overview & Growth Engine (Units)

16.3 Market Overview

16.4 Hammer Drill

16.5 Demolition Hammer

16.6 Hammer drills

17 material removal tools

17.1 Market overview & growth engine (sales)

17.2 Market Overview & Growth Engine (Units)

17.3 Market Overview

17.4 Mills

17.5 Sanders

18 routing tools

19 Other tools

19.1 Market overview & growth engine (sales)

19.2 Market Overview & Growth Engine (Units)

19.3 Market Overview

19.4 Heat Guns and Glue Guns

19.5 dust extractor

19.6 Layout and Laser Tools

20 engine type

20.1 Market overview & growth engine (sales)

20.2 Market Overview & Growth Engine (Units)

20.3 Market Overview

20.4 Brushed Motors

20.5 Brushless Motors

21 Lithium Ion Battery Type

21.1 Market overview & growth engine (sales)

21.2 Market Overview & Growth Engine (Units)

21.3 Market Overview

21.4 12V

21.5 18V

21.6 20V

21.7 40V

21.8 40V and above

22 end users

22.1 Market overview & growth engine (sales)

22.2 Market Overview & Growth Engine (Units)

22.3 Market Overview

23 Industrial

23.1 Market overview & growth engine (sales)

23.2 Market Overview & Growth Engine (Units)

23.3 Market Overview

23.4 Construction

23.5 Automobile

23.6 Electronics

23.7 Aerospace

23.8 Energy

23.9 Shipbuilding

23.10 Miscellaneous

24 Commercial

25 housing

For more information about this report, visit https://www.researchandmarkets.com/r/m3zlac

Updated: September 19, 2022 — 5:38 pm

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