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Cordless Power Tools Market from Electrical Components & Equipment Industry | Emerging Trends, Company Risk, and Key Executives | Technavio

NEW YORK, July 23, 2021 /PRNewswire/ -- Technavio has been monitoring the cordless power tools market and it is poised to grow by USD 3.64 billion during 2021-2025, progressing at a CAGR of 4.08% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

COVID-19 Impact Analysis on Cordless Power Tools Market can now be gained through our report. Download Free Sample Now!

The cordless power tools market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

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Top 3 Cordless Power Tools Market Players:

Atlas Copco AB
Atlas Copco AB offers a Tensor range that covers all station and assembly line re­quirements for safety-critical and quality critical fastening applications. These are battery assembly tools that include both shut-off and transducerized nutrunners and screwdrivers.

Hilti Corp.
Hilti Corp. offers various ranges of cordless tools of Drill machines, Hammer drill drivers, Impacts, Angle grinders, Rotary hammers, and saws.

Hitachi Ltd.
Hitachi Ltd. offers cordless power tools in a wide array of options under the brand name HIKOKI.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/cordless-power-tools-market-industry-analysis

Cordless Power Tools Market 2021-2025: Segmentation

The cordless power tools market is segmented as below:

The cordless power tools market is driven by the growth in the production of light vehicles. In addition, the DIY concept gaining momentum in developed countries is expected to trigger the cordless power tools market toward witnessing a CAGR of 4.08% during the forecast period.

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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Report link: https://www.technavio.com/report/cordless-power-tools-market-industry-analysis


SOURCE Technavio

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