Allied Market Research

2024

Power Drills Market

Power Drills Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology, by Product and by Consumer Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Engineering, Equipment and Machinery

Select an option
Author's: | Sonia Mutreja
Publish Date:

Get Sample to Email

 Power drills are electric power tools used to make hole or attach fasteners, such as nails, or screws on the surface like metal, plastic, or wood. The power drill comprises of parts such as the handle, an on/off trigger, a reversing switch to change rotational direction of drill, a torque adjustment, and others. There are two types of power drills; these include corded power drill and cordless power drill. Corded power drill is attached to an electric cord and is more reliable, whereas, cordless power drill works on rechargeable lithium-ion battery packs and is suitable for light tasks. Power drills are used in commercial and residential sectors. Power drills minimise the time taken, improves task efficiency, and reduces the chances of human errors and injury. Power drills are used in various sectors such as in construction, aerospace, and shipbuilding.

COVID-19 Impact Analysis

  • COVID-19 pandemic has shut down the production of power drills attributed to the lockdown in countries worldwide this has hampered the growth of power drills from the last few months and is likely to grow in 2021.
  • COVID-19 has already affected the sales of power drills in the second and third quarter of 2020 and is anticipated to grow in year 2021.
  • The major demand for power drills was previously noticed from countries including the U.S., Germany, Italy, UK, and China which are negatively affected by the spread of the coronavirus thereby declining the demand for power drills.
  • Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves power drills manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
  • Power drills manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID-19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

Power drill is extensively used in constructional activities and rapid increase of constructional works in developing nations is driving its demand. Consumers prefer battery operated products and battery technologies is improving and therefore, cordless power drill is being manufactured extensively. Moreover, cordless power drill is more reliable, mobile, compact, and flexible and hence, it is in high demand among users. Do-it-yourself activities and techniques is trending and so consumers tend to purchase power drills for light tasks and for small and light works of home.

Fluctuation in price of raw material and high maintenance cost of power tools hinder the market growth.

Market trends

  • Robert Bosch GmbH, one of the leading players in the market has launched EasyHammer 12V which can be easily handled even by DIY beginners.
  • Biturbo hammer GBH 18V-34 CF Professional is another product launched by Robert Bosch GmbH in 2021.

Key Benefits of the Report

  • This study presents the analytical depiction of the power drills along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the power drills market share.
  • The current market is quantitatively analyzed to highlight the power drills market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed power drills market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Power Drills Report

  • Who are the leading global players in the " Power Drills " Market?
  • What are the current trends and predicted trends?
  • What is " Power Drills "?
  • What is " Power Drills " Market prediction in the future?
  • What are the challenges faced in the " Power Drills " Market?
  • What are the driving factors and opportunities in the market?
  • What are the key benefits of the " Power Drills " Market report 

Power Drills Market Report Highlights

Aspects Details
icon_5
By Technology
  • Cordless power drills
  • Corded power drills
icon_6
By Product
  • Hammer and rotary power drills
  • Impact power drills
  • Traditional power drills
icon_7
By Consumer Type
  • DIY
  • Professional
icon_8
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
icon_9
Key Market Players

Hilti Corp.,, Robert, Apex Tool Group LLC,, Bosch GmbH,, Makita USA Inc.,, Hitachi Ltd.,, Panasonic Corp.,, Atlas Copco AB,, Stanley Black & Decker Inc.,, C. & E. Fein GmbH,, Techtronic Industries Co. Ltd.

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Power Drills Market

Global Opportunity Analysis and Industry Forecast, 2023-2032