Analysis on Impact of COVID-19-Cordless Power Tools Market 2020-2024 | Advances in Battery Technology to Boost Growth | Technavio

Technavio has been monitoring the cordless power tools market and it is poised to grow by USD 6.17 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Cordless Power Tools Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Atlas Copco AB, Robert Bosch GmbH, Hilti Corp., Hitachi Ltd., Makita Corp., MTD Products Inc., Panasonic Corp., Snap-on Inc., Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd. are some of the major market participants. The advances in battery technology will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Advances in battery technology has been instrumental in driving the growth of the market.

Cordless Power Tools Market 2020-2024: Segmentation

Cordless Power Tools Market is segmented as below:

• End-user
  • Professional
  • Consumer
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43009

Cordless Power Tools Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cordless power tools market report covers the following areas:

• Cordless Power Tools Market Size
• Cordless Power Tools Market Trends
• Cordless Power Tools Market Industry Analysis

This study identifies rise in EV sales as one of the prime reasons driving the cordless power tools market growth during the next few years.

Cordless Power Tools Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the cordless power tools market, including some of the vendors such as Atlas Copco AB, Robert Bosch GmbH, Hilti Corp., Hitachi Ltd., Makita Corp., MTD Products Inc., Panasonic Corp., Snap-on Inc., Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the cordless power tools market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Cordless Power Tools Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist cordless power tools market growth during the next five years
• Estimation of the cordless power tools market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the cordless power tools market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cordless power tools market vendors

Table Of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Professional - Market size and forecast 2019-2024
• Consumer - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Atlas Copco AB
• Robert Bosch GmbH
• Hilti Corp.
• Hitachi Ltd.
• Makita Corp.
• MTD Products Inc.
• Panasonic Corp.
• Snap-on Inc.
• Stanley Black & Decker Inc.
• Techtronic Industries Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200517005074/en/