CHICAGO, July 21, 2021 /PRNewswire/ — In-depth analysis and data-driven insights on the impact of COVID-19 included in this global cordless power tools market report.
The cordless power tools market is expected to grow at a CAGR of over 10.54% during the period 2020−2026.
Key Highlights Offered in the Report:
1. Based on the tool type, drillers and fastening tools accounted for the highest revenue. The segment generated an additional revenue of USD 2.37 billion, which is expected to grow at a CAGR of 8.49% during the forecast period.
2. North America dominates the cordless power tools market and accounts for 29.76% of the total share. The revenue in this region is expected to grow at a CAGR of 9.36% during the forecast period.
3. The industrial end user segment contributed 75.17% of the total market revenue, while the construction industry accounted for USD 2.98 billion, followed by the automotive industry at USD 2.67 billion.
4. APAC is the fastest-growing market for cordless power tools and is expected to grow at a CAGR of 12.34% during the forecast period.