Market Overview:
The global corded power tool switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for corded power tools from end-use industries such as construction and automotive. In addition, the growing awareness about safety among consumers is also propelling the demand for corded power tools, which are equipped with advanced safety features. Based on type, the global corded power tool switches market can be segmented into speed switch, trigger switch, micro switch and others. Speed switches are witnessing high demand due to their ability to control the speed of a machine or device by regulating its input current or voltage supply. On account of their superior performance and durability, trigger switches are also gaining traction in the global market. Based on application, drill saws hamers wrenches screwdrivers outdoor power equipment and others) Cordless Power Tool Switches Market can be segmented into various end-user industries such as construction automotive aerospace marine railway systems oil & gas mining).
Product Definition:
A corded power tool switch is an electrical device used to turn on and off a power tool. The switch is typically located on the handle of the tool, and is activated by depressing a button or flipping a lever. Corded power tools switches are important because they allow users to safely and easily control the operation of the tool.
Speed Switch:
The speed switch is a device that controls the speed of an electric motor. It does not alter the power output of the tool but rather modifies and regulates it in accordance with user requirements. The product has applications in corded power tools as well as wireless ones, wherein it helps to reduce fatigue and strain suffered by operators due to long working hours or high workloads.
In countries such as India, where labor is cheap.
Trigger Switch:
A trigger switch is a type of electrical switch that releases the current flow when an external force is applied to the tool. The most commonly used switches are momentary contact and toggle or linear. Momentary contact switches release current only for few seconds until the next press while toggle or linear switches provide constant power supply on press of button.
The major application areas where trigger switches are used include household appliances, automotive industry, industrial machinery, medical equipment and construction equipment among others.
Application Insights:
The corded power tools industry has witnessed significant growth in recent years. The demand for corded power tools is increasing in construction, automotive, industrial and other applications across various regions due to the growing need for efficient and durable equipment. Corded power tool switches are used with these products to provide better control over the operations performed by them. Thus, the application segment of the global market is expected to witness considerable growth during forecast years owing to rising product demand across numerous industries worldwide.
The outdoor power equipment segment dominated the overall application segment with a share of 29% in 2017 owing to high product demand globally for clearing debris from forest floors after natural disasters such as earthquakes or floods have passed through an area, which requires cleanup work on a large scale.
Regional Analysis:
Asia Pacific corded power tool switches market is expected to grow at the highest CAGR of XX% from 2018 to 2030. This can be attributed to increasing disposable income, growing construction and manufacturing sectors in developing countries such as China and India. Moreover, rising penetration of electric drills has led manufacturers in these regions to incorporate advanced features including LED indicators and speed control into their products. These factors are anticipated to drive the regional product demand over the forecast period.
North America was estimated as one of the largest markets for corded power tool switches with a share of more than 15%. The region is characterized by high adoption rates for technologically advanced products along with a preference for German engineered brands such as Bosch, Makita, DeWALT among others.
Growth Factors:
- Increasing demand for corded power tools from the construction and automotive industries
- Rising popularity of DIY projects and home improvement initiatives
- Growing awareness about the benefits of using corded power tools over their cordless counterparts
- Proliferation of online platforms that offer discounts on corded power tools purchases
- Introduction of innovative features in new models of corded power switches
Scope Of The Report
Report Attributes
Report Details
Report Title
Corded Power Tool Switches Market Research Report
By Type
Speed Switch, Trigger Switch, Micro Switch, Others
By Application
Drill, Saw, Hammers, Wrenches, Screwdrivers, Outdoor Power Equipment, Others
By Companies
Marquardt GmbH, Defond, Weida Machinery, Kedu Electric, Huajie, CPX Switch, Yongkang Chuanmu Electric, Tyco Electronics, Jlevel Electrical, Guosheng Instrument, Marquardt GmbH, Baokezhen, SHUNFA, Bremas, Superior Electric
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Corded Power Tool Switches Market Report Segments:
The global Corded Power Tool Switches market is segmented on the basis of:
Types
Speed Switch, Trigger Switch, Micro Switch, Others
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
Drill, Saw, Hammers, Wrenches, Screwdrivers, Outdoor Power Equipment, Others
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:
- Marquardt GmbH
- Defond
- Weida Machinery
- Kedu Electric
- Huajie
- CPX Switch
- Yongkang Chuanmu Electric
- Tyco Electronics
- Jlevel Electrical
- Guosheng Instrument
- Marquardt GmbH
- Baokezhen
- SHUNFA
- Bremas
- Superior Electric
Highlights of The Corded Power Tool Switches 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:
- Speed Switch
- Trigger Switch
- Micro Switch
- Others
- By Application:
- Drill
- Saw
- Hammers
- Wrenches
- Screwdrivers
- Outdoor Power Equipment
- Others
- 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 Power Tool Switches 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
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- Consumer Insights
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- Product & Brand Management
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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 power tool switches are those that use a cord to connect the switch to the tool. This cord can be plugged into an outlet or it can be carried around with the tool. When you need to use the tool, you simply plug in the cord and turn on the power.
Some of the key players operating in the corded power tool switches market are Marquardt GmbH, Defond, Weida Machinery, Kedu Electric, Huajie, CPX Switch, Yongkang Chuanmu Electric, Tyco Electronics, Jlevel Electrical, Guosheng Instrument, Marquardt GmbH, Baokezhen, SHUNFA, Bremas, Superior Electric.
The corded power tool switches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corded Power Tool Switches 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 Power Tool Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corded Power Tool Switches 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 Power Tool Switches 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 Power Tool Switches Market Size & Forecast, 2018-2028
4.5.1 Corded Power Tool Switches Market Size and Y-o-Y Growth
4.5.2 Corded Power Tool Switches Market Absolute $ Opportunity
Chapter 5 Global Corded Power Tool Switches 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 Corded Power Tool Switches Market Size Forecast by Type
5.2.1 Speed Switch
5.2.2 Trigger Switch
5.2.3 Micro Switch
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Corded Power Tool Switches 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 Corded Power Tool Switches Market Size Forecast by Applications
6.2.1 Drill
6.2.2 Saw
6.2.3 Hammers
6.2.4 Wrenches
6.2.5 Screwdrivers
6.2.6 Outdoor Power Equipment
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corded Power Tool Switches 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 Power Tool Switches 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 Corded Power Tool Switches Analysis and Forecast
9.1 Introduction
9.2 North America Corded Power Tool Switches 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 Corded Power Tool Switches Market Size Forecast by Type
9.6.1 Speed Switch
9.6.2 Trigger Switch
9.6.3 Micro Switch
9.6.4 Others
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 Corded Power Tool Switches Market Size Forecast by Applications
9.10.1 Drill
9.10.2 Saw
9.10.3 Hammers
9.10.4 Wrenches
9.10.5 Screwdrivers
9.10.6 Outdoor Power Equipment
9.10.7 Others
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 Corded Power Tool Switches Analysis and Forecast
10.1 Introduction
10.2 Europe Corded Power Tool Switches 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 Corded Power Tool Switches Market Size Forecast by Type
10.6.1 Speed Switch
10.6.2 Trigger Switch
10.6.3 Micro Switch
10.6.4 Others
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 Corded Power Tool Switches Market Size Forecast by Applications
10.10.1 Drill
10.10.2 Saw
10.10.3 Hammers
10.10.4 Wrenches
10.10.5 Screwdrivers
10.10.6 Outdoor Power Equipment
10.10.7 Others
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 Corded Power Tool Switches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Corded Power Tool Switches 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 Corded Power Tool Switches Market Size Forecast by Type
11.6.1 Speed Switch
11.6.2 Trigger Switch
11.6.3 Micro Switch
11.6.4 Others
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 Corded Power Tool Switches Market Size Forecast by Applications
11.10.1 Drill
11.10.2 Saw
11.10.3 Hammers
11.10.4 Wrenches
11.10.5 Screwdrivers
11.10.6 Outdoor Power Equipment
11.10.7 Others
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 Corded Power Tool Switches Analysis and Forecast
12.1 Introduction
12.2 Latin America Corded Power Tool Switches 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 Corded Power Tool Switches Market Size Forecast by Type
12.6.1 Speed Switch
12.6.2 Trigger Switch
12.6.3 Micro Switch
12.6.4 Others
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 Corded Power Tool Switches Market Size Forecast by Applications
12.10.1 Drill
12.10.2 Saw
12.10.3 Hammers
12.10.4 Wrenches
12.10.5 Screwdrivers
12.10.6 Outdoor Power Equipment
12.10.7 Others
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) Corded Power Tool Switches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Corded Power Tool Switches 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) Corded Power Tool Switches Market Size Forecast by Type
13.6.1 Speed Switch
13.6.2 Trigger Switch
13.6.3 Micro Switch
13.6.4 Others
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) Corded Power Tool Switches Market Size Forecast by Applications
13.10.1 Drill
13.10.2 Saw
13.10.3 Hammers
13.10.4 Wrenches
13.10.5 Screwdrivers
13.10.6 Outdoor Power Equipment
13.10.7 Others
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 Power Tool Switches Market: Competitive Dashboard
14.2 Global Corded Power Tool Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marquardt GmbH
14.3.2 Defond
14.3.3 Weida Machinery
14.3.4 Kedu Electric
14.3.5 Huajie
14.3.6 CPX Switch
14.3.7 Yongkang Chuanmu Electric
14.3.8 Tyco Electronics
14.3.9 Jlevel Electrical
14.3.10 Guosheng Instrument
14.3.11 Marquardt GmbH
14.3.12 Baokezhen
14.3.13 SHUNFA
14.3.14 Bremas
14.3.15 Superior Electric
