Industry Background:
The electrical portable drill, a hand-supported power-driven machine tool that rotates twist drills, reamers, and similar cutting tools. In the current scenario, increasing electrical wiring in both residential and commercial buildings across the world, owing to the demand for portable electrical drill machine.This growth is primarily driven by The Growth in Drilling Activities Worldwide
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Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Forecast Period | 2023-2029 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Stanley Black & Decker, Inc. (United States), Bosch (Germany), Craftsman, Hilti (Liechtenstein), Hitachi (Japan), Makita (Japan), Metabo (Germany), Milwaukee (United States), Panasonic (Japan) and RIDGID (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2023,Hitachi Global Air Power US, LLC, an industry leader in innovative compressed air solutions since 1965, today announced the purchase of General Air Compressors North located in Modesto, California. General Air Compressors North provides sales and service of air compressors, air treatment products, accessories, and related equipment.
In March 2022 Festool, a leading manufacturer of innovative, precision-engineered and durable power tool solutions, today announced the March 25, 2022 availability of new permanent and limited-edition tools The QUADRIVE TPC 18/4 Cordless Hammer Drill, TOPROCK Bluetooth® Speaker and SYS-MFT Clamping-Set Systainer are each designed to improve on the efficiency, accuracy and value Festool's innovative system-based approach brings to the job site for professional tradespeople
Influencing Trend:
Rising Adoption of High-Density Lithium-Ion Batteries and Consistently Developments in Advanced Technology
Market Growth Drivers:
The Growth in Drilling Activities Worldwide and Development of Unconventional Hydrocarbon Resources
Challenges:
Low Adoption Rate in Emerging Economies
Restraints:
High Maintenance Cost and Transition Time
Opportunities:
Constantly Growing Construction Industry in Emerging Economies and Manufacturing Ergonomic and Lightweight Electric Portable Drill by Key Players
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electric Portable Drill Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electric Portable Drill Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electric Portable Drill players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Portable Drill Study Sheds Light on
The Electric Portable Drill Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Portable Drill industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Portable Drill industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.