Electric Power Cutter Market Scope
Electric power cutters operated with the help r either electricity or a battery and are highly utilized for cutting different materials like metal, plywood, construction material, and many more. Electric power cutter is widely used for industrial application as more and more industries are looking for advanced solutions or equipment to improve productivity and get the job done faster and easier. Electric power saws have common applications in the industries like automotive, metal, carpentry, etc. Further, cordless or battery-operated power cutters are becoming more popular due to their portability and ease of use.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Black+Decker Inc. (United States), Richpower Industries, Inc. (United States), Husqvarna AB (Sweden), Robert Bosch Tool Corporation (United States), DEWALT (United States), Makita (India), FERM (Netherlands), Craftsman (United States), Porter-Cable (United States), Koki Holdings Co., Ltd. (Japan), Planet Power Tools (India), XTRA POWER (India), Carborundum Universal Ltd (India), Neutron Power Tools (India), KPT Industries (India) and JCB (United Kingdom) |
CAGR | 4.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Electric Power Cutter market throughout the predicted period.
Black+Decker Inc. (United States), Richpower Industries, Inc. (United States), Husqvarna AB (Sweden), Robert Bosch Tool Corporation (United States), DEWALT (United States), Makita (India), FERM (Netherlands), Craftsman (United States), Porter-Cable (United States), Koki Holdings Co., Ltd. (Japan), Planet Power Tools (India), XTRA POWER (India), Carborundum Universal Ltd (India), Neutron Power Tools (India), KPT Industries (India) and JCB (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electric Power Cutter market by Type , by Application (Household, Industrial, Gardening, Construction and Others) and Region with country level break-up.
On the basis of geography, the market of Electric Power Cutter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On October 26, 2023, Stanley Black & Decker announced a strategic partnership with Greenworks Tools to develop and manufacture cordless electric power cutters for professional landscapers and construction crews. The first products are expected to hit the market in Q3 2024.
In 2021, Husqvarna launched its next-generation battery-operated power cutter. The newly launched power cutter is equipped with an X-Halt brake function, which is capable of stopping the rotation of a blade in a fraction of a second for enhanced safety. With this launch, the main aim of the company is to meet the demand for carbon-neutral workplaces in the construction industry. The K1 PACE offers high-performance, smoother cutting with zero direct emissions at lower vibrations.
Influencing Trend:
Increased Focus on the Development and Launch of Next-Generation High-Power Battery Operated Power Cutters and Evolution of Solar Energy Based Power Cutters for Gardening Application
Market Growth Drivers:
Surging Demand for Electric Power Cutters Across Various End-Use Industries to Replace With Conventional Tools, Increased Adoption of Electric Power Cutters Among the Carpenters for Woodworking and High Growth of Rugged and Lightweight Electric Power Cutters
Challenges:
High Maintenance and High Risk of Injury If it does not Handle Properly by the User and Lower Stability and Intense Vibration During the Operation of Some of the Electric Power Cutters May Create Challenges
Restraints:
High Cost Associated with Electric and Automatic Power Cutters Compared to Manual Power Cutters
Opportunities:
Growing Popularity of Cordless or Battery Operated Power Cutters Among Consumers
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Electric Power Cutter Manufacturers, Electric Power Cutter Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others