Cordless Drills Industry - Regional Synopsis
Asia Pacific industry is anticipated to account for largest revenue share by 2037, driven by increasing construction activities in the developing countries.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of increasing construction activities in the region. The U.S. construction industry was valued at around USD 1.4 trillion in 2020. Moreover, a majority of the population in U.S. participates in DIY home decoration projects due to high cost of labor. This is expected to increase the demand for cordless drills amongst the common public for domestic use, which is estimated to boost the market growth
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Frequently Asked Questions (FAQ)
The cordless drills industry size is projected to grow at substantial growth rate during the forecast period i.e., between 2025-2037.
The increasing demand for portable, easy to use, and compact drilling machine will boost the market growth.
Asia Pacific industry is anticipated to account for largest revenue share by 2037, driven by increasing construction activities in the developing countries.
The major players in the market are Black+Decker Inc., Robert Bosch GmbH, Hilti India Private Limited, Stanley Black & Decker, Inc., Hitachi, Ltd., Techtronic Industries Co. Ltd., DeWalt Industrial Tool Company, and STIHL Incorporated.
