A12554 | Pages: NA | Sep 2022 | 1039 Views | ||
Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Power Drills Market
Request Now !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.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Product, Technology, Consumer type, and Region |
Regions Covered | North America, Europe, Asia-Pacific, LAMEA
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Companies Covered | Apex Tool Group LLC, Atlas Copco AB, C. & E. Fein GmbH, Hilti Corp., Hitachi Ltd., Makita USA Inc., Panasonic Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., Techtronic Industries Co. Ltd. |
COVID-19 Impact Analysis
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
Key Segments Covered
Market by Product Technology
Market by Product
Market by Consumer type
Region
Key Benefits of the Report
Questions answered in the Power Drills Report
Key Market Segments & Key Market Players
Segments | Sub-segments |
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By Technology |
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By Product |
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By Consumer Type |
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By Region |
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Key Market Players | Apex Tool Group LLC,, Atlas Copco AB,, C. & E. Fein GmbH,, Hilti Corp.,, Hitachi Ltd.,, Makita USA Inc.,, Panasonic Corp.,, Robert, Bosch GmbH,, Stanley Black & Decker Inc.,, Techtronic Industries Co. Ltd. |
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