The “Cordless Power Tools – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Cordless Power Tools estimated at US$16.6 Billion in the year 2020, is projected to reach a revised size of US$24.7 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027.
Professional, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$16.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumer segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U. S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 8.9% CAGR
The Cordless Power Tools market in the U. S. is estimated at US$4.5 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. We bring years of research experience to this 7th edition of our report. The 181-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Collomix North America
- Festool GmbH
- Friedrich Duss Maschinenfabrik GmbH & Co. KG
- Hilti North America
- Hitachi Koki Co., Ltd.
- Husqvarna AB
- Makita U. S. A., Inc.
- Metabo Corporation
- Milwaukee Electric Tool
- OTTO BAIER GmbH
- Robert Bosch GmbH
- Snap-on Inc.
- Stanley Black & Decker, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Cordless Power Tools Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/naafem
Laura Wood, Senior Press Manager
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