Cordless Drills Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Adoption of Battery-Driver Equipment
- Ease in Usage due to lack of Cord
- Rising Construction Activities
Challenges
- Low Knowledge Regarding the Product
Browse key industry insights with market data tables & charts from the report:
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.
