Cordless Power Tools Market - Forecast and Analysis 2020-2024 | Top Insights

The cordless power tools market size has the potential to grow by USD 6.17 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

Market Overview

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Market Competitive Analysis

The cordless power tools market is fragmented. Vendors are focusing more on emerging economies such as India, Indonesia, and Thailand in APAC, where the demand for power tools is expected to increase, thus propelling the growth of the cordless power tools market. Atlas Copco AB, Robert Bosch GmbH, and Hilti Corp. are some of the major market participants. Although the increase in the production of light vehicles will offer immense growth opportunities, safety concerns related to Li-ion batteries will challenge the growth of the market participants. 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.

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To help clients improve their market position, this cordless power tools market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this cordless power tools market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.