Enjoy complimentary customisation on priority with our Enterprise License!
The cordless power tools market size is forecast to increase by USD 3.77 billion at a CAGR of 3.78% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. Firstly, the increasing popularity of e-communication devices and the rise of DIY projects among consumers have led to a higher demand for cordless power tools. Home Depot and other retailers have reported increased sales in this category. Additionally, advances in battery technology have enabled cordless tools to offer comparable performance to their corded counterparts, making them a more attractive option for professionals and homeowners alike. However, challenges such as the decline in the construction and automobile industries in China due to economic factors may impact the market growth. Overall, the cordless power tool market is expected to continue its expansion, driven by technological innovations and shifting consumer preferences.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.