Market Overview:
The global cordless household power tools 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 cordless household power tools from end-use applications such as under the bonnet and interior. Additionally, factors such as technological advancements and rising disposable income are also contributing to the growth of this market. On the basis of type, closed-cell foams are expected to account for a larger share of the global cordless household power tools market during the forecast period. Closed-cell foams offer better insulation than open-cell foams and are hence preferred in applications such as under the bonnet and interior where thermal insulation is required.
Product Definition:
Cordless Household Power Tools are tools that use a battery to power them. This means that they do not need to be plugged into an outlet in order to work. This can be important because it means that you can take the tool with you wherever you go, without having to worry about finding an outlet.
Closed-cell Foams:
Closed-cell foams are a special type of insulation that is used in the manufacturing of power tools. They are made up of numerous small cells, which provide thermal resistance and energy efficiency to products manufactured using this material. The primary function served by closed-cell foam is to insulate against heat loss; it also helps in maintaining uniform temperature within the tool, thus preventing its parts from warping or drying out.
Open-cell Foams:
Open-cell foams are highly porous and have large interconnecting cells. These foams possess excellent mechanical strength, thermal stability, and energy absorption properties. The open-cell structure of these products results in high density as well as the ability to achieve low weight with enhanced performance characteristics such as extended battery life and increased power output.
The growing demand for lightweight electric tools is expected to drive the cordless household power tools market over the forecast period.
Application Insights:
The interior application segment led the global cordless household power tools market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing working population, rapid urbanization, and rising disposable income across developing countries including China, India, Brazil and others. Interior applications include under the bonnet as well as behind-the-wheel applications. Increasing working population along with growing awareness regarding health issues is expected to drive demand for these products in interior applications over the forecast period.
The product has gained popularity in under-the-bonnet application owing to its ability to reach hard-to-access areas such as engine bay from where dirt cannot easily get out., This also helps maintain vehicle cleanliness by keeping all surfaces accessible., The usage of this tool prevents damage caused by traditional screwdrivers due to their soft tips.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing awareness regarding the benefits of cordless power tools among consumers. Moreover, rising disposable income levels in developing countries including China and India are anticipated to fuel product demand during the forecast period.
North America was estimated as one of the largest markets for cordless household power tools in 2017 owing to high preference for these products amongst consumers due their ease of use and convenience factor coupled with high cost-effectiveness associated with them. However, slow adoption rate by end users may hamper industry growth over the next few years as compared to other regions where manufacturers face higher competition on account off low selling prices offered by them in order not lose out on profits margins especially within developed economies such as U.S., Canada, and Mexico).
Growth Factors:
- Increasing demand for cordless power tools from the construction and automotive industries.
- Growing popularity of DIY projects and home improvement initiatives among consumers.
- Rising disposable income levels of consumers in developing countries.
- Proliferation of online retail channels that offer discounts on power tools products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cordless Household Power Tools Market Research Report
By Type
Closed-cell Foams, Open-cell Foams
By Application
Under the Bonnet, Interior
By Companies
Saint-Gobain SA, Autoneum Holding, 3M, DuPont de Nemours, BASF SE, Wan Rui Chemical, Yuan Yuan Sponge Products
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Cordless Household Power Tools Market Report Segments:
The global Cordless Household Power Tools market is segmented on the basis of:
Types
Closed-cell Foams, Open-cell Foams
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
Under the Bonnet, Interior
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:
- Saint-Gobain SA
- Autoneum Holding
- 3M
- DuPont de Nemours
- BASF SE
- Wan Rui Chemical
- Yuan Yuan Sponge Products
Highlights of The Cordless Household Power Tools 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:
- Closed-cell Foams
- Open-cell Foams
- By Application:
- Under the Bonnet
- Interior
- 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 Cordless Household Power Tools 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?
Cordless household power tools are tools that use batteries to provide power. This type of tool is often used for tasks such as drilling, sawing, and sanding.
Some of the key players operating in the cordless household power tools market are Saint-Gobain SA, Autoneum Holding, 3M, DuPont de Nemours, BASF SE, Wan Rui Chemical, Yuan Yuan Sponge Products.
The cordless household power tools 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 Cordless Household Power Tools 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 Cordless Household Power Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cordless Household Power Tools 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 Cordless Household Power Tools 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 Cordless Household Power Tools Market Size & Forecast, 2020-2028
4.5.1 Cordless Household Power Tools Market Size and Y-o-Y Growth
4.5.2 Cordless Household Power Tools 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 Closed-cell Foams
5.2.2 Open-cell Foams
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 Under the Bonnet
6.2.2 Interior
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cordless Household Power Tools 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 Cordless Household Power Tools 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 Closed-cell Foams
9.6.2 Open-cell Foams
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 Under the Bonnet
9.10.2 Interior
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 Closed-cell Foams
10.6.2 Open-cell Foams
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 Under the Bonnet
10.10.2 Interior
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 Closed-cell Foams
11.6.2 Open-cell Foams
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 Under the Bonnet
11.10.2 Interior
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 Closed-cell Foams
12.6.2 Open-cell Foams
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 Under the Bonnet
12.10.2 Interior
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 Closed-cell Foams
13.6.2 Open-cell Foams
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 Under the Bonnet
13.10.2 Interior
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 Cordless Household Power Tools Market: Competitive Dashboard
14.2 Global Cordless Household Power Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain SA
14.3.2 Autoneum Holding
14.3.3 3M
14.3.4 DuPont de Nemours
14.3.5 BASF SE
14.3.6 Wan Rui Chemical
14.3.7 Yuan Yuan Sponge Products
