What is Cordless Drill Driver Market?
It is a battery-powered hole maker and driver for tightening screws, nuts, and small bolts. It is equipped with a clutch that prevents the drive train when the tool reaches a certain amount of torque (turning power). By stopping the drive train at that time, it prevents you from removing the fastener head, cutting off the fastener, or driving the fastener directly through the wood.
The market study is being classified by Type (Pneumatic and Electric), by Application (Household, Construction, Industrial, Medical, Automotive and Other) and major geographies with country level break-up.
Makita (Japan), Robert Bosch GmbH (Germany), ibellsworld (India), Stanley Black and Decker (United States), Dewalt (United States), Klein Tools, Inc. (United States), Hikoki (Japan), Atlas Copco North America LLC (United States), Techtronic Industries Co. Ltd. (United States) and Metabo (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Chicago Pneumatic (United States), Decdeal SA (United States) and MrLighttools (India).
The global market for cordless drill drivers is fragmented by major key players and fully dominated by certain major players due to the best after service and marketing strategies. Lesser space occupancy and wider machine working range is the trend of industrial and household and hence need to be given attention to. Moreover, medical equipment needs faster updates in case of efficiency and handling comfort. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cordless Drill Driver market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cordless Drill Driver market by Type, Application and Region.
On the basis of geography, the market of Cordless Drill Driver has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Newer and Complex Infrastructural Developments Require Power Tools Due to Limited Power Supply Channel
- Growing Attention to Regular Medical Visits and Dental Health Concerns
- Increasing Passion Towards In-house Fixing for Vehicles and Fixtures
- Industrial Expansion and Factory Setups
Market Trend
- Rapid Growth in More Handy Tools for Convenience and Battery Operated Tools
Restraints
- Battery Life and Tool Life Maintainance
- Elevated Costing Due to Newest Type of Technologies and Compact Machinery Investment
Opportunities
- More Reliable Battery Development Can Lead to a Huge Market Share
- More Diversified Uses and Simplified Use Guide will Drive More Consumers
Challenges
- Upsurging Demand Fulfillment
- Availability of Substitutes
Electromagnetic compatibility – Requirements for household appliances, electric tools, and similar apparatus (BY MET) and Hand-held motor-operated electric tools, safety – Part 2-1: Particular requirements for drills and impact drills(By MET)
Key Target Audience
Drill Manufacturers, Local Driver Providers, Power-Tool Marts, Resell Platforms, End-Use Industries and Others