Market Overview:
The global power tool drill chucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for power tools, especially in the construction and automotive industries. In addition, the growing demand for keyless drill chucks is also contributing to the growth of this market. Based on type, the global power tool drill chuck market can be segmented into key-type drill chucks and keyless drill chucks. Key-type drill chucks are more popular than keyless drill chucks and are expected to account for a larger share of this market during the forecast period. Based on application, this market can be segmented into cordless power tools and electric power tools.
Product Definition:
A power tool drill chuck is a cylindrical device that grips an object, typically a workpiece, to allow it to be rotated. The object may be clamped in place by the jaws of the chuck or held in place by centrifugal force as the drill bit rotates.
Key-type drill chucks:
Key-type drill chucks are used to hold the work piece while drilling or driving. It is a hand tool that consists of a handle and an elongated key that inserts into the work piece. The other end of the key has either two or four cutting edges, depending on whether it is a double-ender or single-ender key, respectively.
Keyless drill chucks:
Keyless drill chucks are a special type of power tool accessory that is used to hold the bit in place while using the power drill. The keyless drill chuck is an important part of any corded or cordless power drills. It helps in stabilizing the work piece and provides better control over drilling operations.
Application Insights:
Cordless power tools held the largest market share of more than 60.0% in 2017. The growing demand for cordless power tools is majorly driven by the increasing use of electric power tools in construction, automotive and electronics industries. Moreover, a significant increase in consumer disposable income has led to an increased spending on home improvement projects including electrical work and remodeling which has further propelled industry growth over the recent years.
The electric power tool segment is anticipated to exhibit a CAGR exceeding 4% from 2018 to 2030 owing to its ability to provide high precision drilling at lower costs as compared with other types of drills such as impact or hammer drill models.
Regional Analysis:
Asia Pacific power tool drill chuck market is anticipated to witness significant growth over the forecast period owing to the increasing demand for keyless chucks and self-tightening chucks. The growing construction industry in developing economies including China, India, Japan and South Korea is expected to be a major factor driving product demand. Moreover, rising disposable income of consumers coupled with expanding residential construction sector in these countries will further boost product sales over the next eight years.
North America held a substantial share of global revenue in 2017 due to high preference for power tool drills that enable users perform various tasks easier and faster than ever before. Furthermore, presence of prominent manufacturers such as Stanley Black & Decker; Emerson Electric Co.; Makita Corporation; DeWalt SBD; Milwaukee Electric Tools Inc.; Skil DDLitec2 18V LXT Cordless Drill/Driver Kit SKU# 88566) will continue driving regional growth over the coming years.
Growth Factors:
- Increasing demand for power tool drill chucks in the automotive and aerospace industries due to the growing need for precision machining.
- Rising demand from small and medium-sized enterprises (SMEs) due to the increasing popularity of power tools among DIY enthusiasts and hobbyists.
- Growing investment in research and development by leading players to develop innovative products that can cater to the needs of different end-users.
- Increasing adoption of automated manufacturing processes, which is resulting in an increase in demand for high-precision power tool drill chucks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Tool Drill Chucks Market Research Report
By Type
Key-type drill chucks, Keyless drill chucks, Self-tightening drill chucks
By Application
Cordless Power Tools, Electric Power Tools
By Companies
Shandong Weida Machinery, ROHM, SAN OU MACHINERY, Jacobs Chuck, Yukiwa, Albrecht, Zhejiang Bried, Zhejiang Chaoli, Kennametal, Llambrich, Shandong Weida Machinery, Ann Way Machine Tools, Garant, Evermore Machine, BIG Kaiser Precision Tooling, Bison Bial, NT Tool
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Power Tool Drill Chucks Market Report Segments:
The global Power Tool Drill Chucks market is segmented on the basis of:
Types
Key-type drill chucks, Keyless drill chucks, Self-tightening drill chucks
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
Cordless Power Tools, Electric Power Tools
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:
- Shandong Weida Machinery
- ROHM
- SAN OU MACHINERY
- Jacobs Chuck
- Yukiwa
- Albrecht
- Zhejiang Bried
- Zhejiang Chaoli
- Kennametal
- Llambrich
- Shandong Weida Machinery
- Ann Way Machine Tools
- Garant
- Evermore Machine
- BIG Kaiser Precision Tooling
- Bison Bial
- NT Tool
Highlights of The Power Tool Drill Chucks 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:
- Key-type drill chucks
- Keyless drill chucks
- Self-tightening drill chucks
- By Application:
- Cordless Power Tools
- Electric Power Tools
- 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 Power Tool Drill Chucks 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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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?
A power tool chuck is a device that attaches to the end of a drill bit and holds it in place while the drill is operated.
Some of the key players operating in the power tool drill chucks market are Shandong Weida Machinery, ROHM, SAN OU MACHINERY, Jacobs Chuck, Yukiwa, Albrecht, Zhejiang Bried, Zhejiang Chaoli, Kennametal, Llambrich, Shandong Weida Machinery, Ann Way Machine Tools, Garant, Evermore Machine, BIG Kaiser Precision Tooling, Bison Bial, NT Tool.
The power tool drill chucks 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 Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Tool Drill Chucks 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 Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size & Forecast, 2018-2028
4.5.1 Power Tool Drill Chucks Market Size and Y-o-Y Growth
4.5.2 Power Tool Drill Chucks Market Absolute $ Opportunity
Chapter 5 Global Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size Forecast by Type
5.2.1 Key-type drill chucks
5.2.2 Keyless drill chucks
5.2.3 Self-tightening drill chucks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size Forecast by Applications
6.2.1 Cordless Power Tools
6.2.2 Electric Power Tools
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Tool Drill Chucks 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 Power Tool Drill Chucks 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 Power Tool Drill Chucks Analysis and Forecast
9.1 Introduction
9.2 North America Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size Forecast by Type
9.6.1 Key-type drill chucks
9.6.2 Keyless drill chucks
9.6.3 Self-tightening drill chucks
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 Power Tool Drill Chucks Market Size Forecast by Applications
9.10.1 Cordless Power Tools
9.10.2 Electric Power Tools
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 Power Tool Drill Chucks Analysis and Forecast
10.1 Introduction
10.2 Europe Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size Forecast by Type
10.6.1 Key-type drill chucks
10.6.2 Keyless drill chucks
10.6.3 Self-tightening drill chucks
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 Power Tool Drill Chucks Market Size Forecast by Applications
10.10.1 Cordless Power Tools
10.10.2 Electric Power Tools
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 Power Tool Drill Chucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size Forecast by Type
11.6.1 Key-type drill chucks
11.6.2 Keyless drill chucks
11.6.3 Self-tightening drill chucks
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 Power Tool Drill Chucks Market Size Forecast by Applications
11.10.1 Cordless Power Tools
11.10.2 Electric Power Tools
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 Power Tool Drill Chucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Tool Drill Chucks 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 Power Tool Drill Chucks Market Size Forecast by Type
12.6.1 Key-type drill chucks
12.6.2 Keyless drill chucks
12.6.3 Self-tightening drill chucks
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 Power Tool Drill Chucks Market Size Forecast by Applications
12.10.1 Cordless Power Tools
12.10.2 Electric Power Tools
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) Power Tool Drill Chucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Tool Drill Chucks 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) Power Tool Drill Chucks Market Size Forecast by Type
13.6.1 Key-type drill chucks
13.6.2 Keyless drill chucks
13.6.3 Self-tightening drill chucks
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) Power Tool Drill Chucks Market Size Forecast by Applications
13.10.1 Cordless Power Tools
13.10.2 Electric Power Tools
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 Power Tool Drill Chucks Market: Competitive Dashboard
14.2 Global Power Tool Drill Chucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shandong Weida Machinery
14.3.2 ROHM
14.3.3 SAN OU MACHINERY
14.3.4 Jacobs Chuck
14.3.5 Yukiwa
14.3.6 Albrecht
14.3.7 Zhejiang Bried
14.3.8 Zhejiang Chaoli
14.3.9 Kennametal
14.3.10 Llambrich
14.3.11 Shandong Weida Machinery
14.3.12 Ann Way Machine Tools
14.3.13 Garant
14.3.14 Evermore Machine
14.3.15 BIG Kaiser Precision Tooling
14.3.16 Bison Bial
14.3.17 NT Tool
