Cordless Drills Market Share

On the basis of geographical analysis, the global cordless drills market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is likely to account for largest revenue share by 2036, 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