Electric Cordless Screwdriver Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global electric cordless screwdriver market was valued at approximately USD 3.5 billion in 2022. This market is anticipated to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030, reaching around USD 5.5 billion by the end of 2030. The growing adoption of electric cordless screwdrivers is driven by their portability, ease of use, and increasing demand across various sectors such as construction, automotive, and home improvement. Technological advancements, such as improved battery life and more efficient motors, are also bolstering product demand. Emerging markets present significant growth opportunities due to increased urbanization, rising disposable income, and expansion of the manufacturing and construction sectors. Asia-Pacific is expected to experience the highest growth due to rapid industrialization and the booming DIY market. Moreover, the focus on energy-efficient tools and sustainability trends is likely to drive innovation and growth in the market. North America and Europe are also projected to witness steady growth, supported by rising home improvement activities and the professional sector’s increasing preference for cordless tools.
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Bosch
Makita
Ken
TTI
Positec
FEIN
Dongcheng
Hitachi
Hilti
Kawasaki
Chervon Holdings
Ozito
Dixon Automatic
Mountz
XU1 Powertools
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Cordless Screwdriver Market
Industrial
Household
Based on Types the Market is categorized into Below types that held the largest Electric Cordless Screwdriver market share In 2023.
Straight Rod Type
Handheld
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Cordless Screwdriver Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Cordless Screwdriver Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Cordless Screwdriver Market, By Type
6. Global Electric Cordless Screwdriver Market, By Application
7. Global Electric Cordless Screwdriver Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Cordless Screwdriver Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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