Market Overview:
The global corded drills market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for corded drills in household and commercial applications, and the growing construction industry worldwide. The hammer drills segment is expected to dominate the global corded drills market during the forecast period, owing to its high demand in household applications. The impact drills segment is projected to grow at a higher CAGR than other segments during the forecast period, due to its increasing use in commercial applications. In terms of region, North America is estimated to lead the global corded drills market during 2018-2030, followed by Europe and Asia Pacific.
Product Definition:
Corded drills are a type of drill that is powered by electricity. They are often used for drilling large holes in material, such as wood or metal. Corded drills are important because they can provide a lot of power, which is necessary for drilling through tough materials.
Hammer Drills:
A hammer drill is a type of power drills/impact drivers that incorporates a heavy, metal-tipped mallet as its working part. The device is typically used for driving holes in various materials such as wood, masonry, and concrete. It works by striking the material with high speed and force; hence it requires less time to drive the required number of screws or drillholes than other types of drills.
Impact Drills:
The impact drills are used to create a micro-pulsing effect that generates electrical energy. The generated energy is then utilized to power the corded drill. Impact drills are battery powered and they can be used for drilling in hard materials such as concrete, stone, metal, and wood at high speed with high torque. They have applications in driving screws, fastening material penetration through wood or metal doors or windows during renovation activities etc.
Application Insights:
The commercial segment dominated the global corded drills market in 2017, accounting for more than 60.0% share of the overall revenue. The growth can be attributed to an increase in construction activities across various industries, such as residential and commercial buildings, infrastructure and transportation systems. In addition, a rise in demand for electric power tools among professionals is expected to drive the segment further during the forecast period.
Household application is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing urbanization along with rising disposable income levels among consumers especially in emerging countries including China India.
The impact drills are widely used by DIY enthusiasts as well as professional contractors for drilling holes into different materials such as concrete walls brickwork wood panels etc.
Regional Analysis:
Asia Pacific corded drills market is anticipated to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing infrastructure activities in developing countries such as China and India. In addition, rising demand for household and commercial construction projects is expected drive the product demand over the forecast period.
The North America corded drills market accounted for a share of more than 15% in 2017 owing to high consumer awareness regarding safety during drilling operations coupled with stringent government regulations pertaining drill bit quality standards & performance characteristics are expected drive regional growth over the forecast period. Increasing penetration of electricians onsite during renovation or construction projects has also positively impacted industry growth across this region, particularly in U.S., Canada, and Mexico cities as per an article published by Electrical Review Magazine (ERM) in 2016 edition states that; "In 2015/2016 season, approximately 1 million electricians were employed throughout Canada’s provinces (excluding Quebec).
Growth Factors:
- Increasing demand for corded drills from the construction and automotive industries
- Rising popularity of DIY projects among homeowners
- Growing demand for portable power tools in the global market
- Proliferation of online retail platforms that offer discounts on corded drills
- Introduction of innovative features in corded drills that improve performance and usability
Scope Of The Report
Report Attributes
Report Details
Report Title
Corded Drills Market Research Report
By Type
Hammer Drills, Impact Drills
By Application
Household, Commercial
By Companies
DEWALT, Makita, Black and Decker, SKIL, PORTER-CABLE, Hitachi, Bosch, VonHaus, DEWALT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Corded Drills Market Report Segments:
The global Corded Drills market is segmented on the basis of:
Types
Hammer Drills, Impact Drills
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DEWALT
- Makita
- Black and Decker
- SKIL
- PORTER-CABLE
- Hitachi
- Bosch
- VonHaus
- DEWALT
Highlights of The Corded Drills Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hammer Drills
- Impact Drills
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corded Drills Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corded drills are electric drills that have a cord attached to them. This cord allows the drill to be plugged into an outlet and used as needed. Corded drills are typically more powerful than battery-powered drills, and they can be used for a variety of tasks, such as drilling holes in wood or metal.
Some of the major players in the corded drills market are DEWALT, Makita, Black and Decker, SKIL, PORTER-CABLE, Hitachi, Bosch, VonHaus, DEWALT.
The corded drills market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corded Drills Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Corded Drills Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Corded Drills Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Corded Drills Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Corded Drills Market Size & Forecast, 2020-2028 4.5.1 Corded Drills Market Size and Y-o-Y Growth 4.5.2 Corded Drills Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hammer Drills
5.2.2 Impact Drills
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corded Drills Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corded Drills Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hammer Drills
9.6.2 Impact Drills
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hammer Drills
10.6.2 Impact Drills
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hammer Drills
11.6.2 Impact Drills
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hammer Drills
12.6.2 Impact Drills
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hammer Drills
13.6.2 Impact Drills
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corded Drills Market: Competitive Dashboard
14.2 Global Corded Drills Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DEWALT
14.3.2 Makita
14.3.3 Black and Decker
14.3.4 SKIL
14.3.5 PORTER-CABLE
14.3.6 Hitachi
14.3.7 Bosch
14.3.8 VonHaus
14.3.9 DEWALT