According to Arizton, Cordless Hammer Drills Market Revenue to Double in the Next 6 Years, The Market to be Worth USD 2.1 Billion by 2027

CHICAGO, Dec. 13, 2022 /PRNewswire/ -- According to Arizton's latest research report, the cordless hammer drills market will grow at a CAGR of 11.22% from 2021-2027. Increasing demand from commercial spaces, the multiutility of cordless hammer drills, and the rise in do-it-yourself (DIY) are the key factors driving the market demand.

It has been observed that Americans, on average, spend $5,000 to $18,000 on house renovations. In 2019, over 25% of homeowners in the US spent $10,000 to $25,000 on house improvements and renovations. Close to 28% of property owners find remodeling cost-effective than purchasing a house that adequately accommodates their needs. Thus, it can be deduced that home renovation expenditure has increased in recent years, resulting in growth potential for the cordless hammer drills industry, which is essential for renovations and restructurings.

Moreover, developed countries, such as Europe, are witnessing aggressive renovations and upgrades in the region due to adopting energy-efficient ways to support net zero emission targets. This is expected to drive the demand for cordless hammer drills, thereby boosting the market and enabling players to leverage and earn revenues.

Cordless Hammer Drills Market Report Scope

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Most adults in developed economies, such as Europe and the US, indulge in innovative and purposeful leisure activities. Some consumers also indulge in home maintenance and improvement activities based on their interests. Consumers in countries like Italy, France, the UK, and Germany consider DIY activities as efficient work. Thus, this concept is gaining momentum in developing economies such as India, Brazil, and South Africa. The DIY home improvement market is expected to grow at a CAGR of 2.67% between 2019 and 2024. Most small household activities, such as woodwork and hardware works, can increase the demand for drillers and cordless hammer drills. Power tools are the most important components of DIY activities, which compelled most power tool vendors to design and offer compact and user-friendly power tools that are battery-powered and compete in the market.

Key Highlights

• The presence of hypermarkets, supermarkets, and other specialty stores, such as Home Depot, which offer DIY projects, is also driving the market for DIY tools, which raises the market for cordless hammer drills.
• The commercial sector generated the highest revenue, which accounted for $484.04 million in 2021 and is expected to reach $928.12 million by 2027.
• APAC is the fastest-growing market for cordless hammer drills and is expected to grow at a CAGR of 12.14% during the forecast period.

Development of Li-ion Batteries Impacting the Market Positively

While corded power tools have been predominant for years, the venture for cordless power tools has reshaped the face of the power tool industry. It has also contributed to the origin and extension of new product ranges in the battery-operated categories, which can further signify the accessories market for power tools. One of the most significant growth drivers in the cordless power tool industry over the last decade has been the introduction of Li-ion batteries. The growth in the need for long-lasting battery life led to several developments in batteries for high backup capacity. This has significantly increased the performance and efficiency of Li-ion batteries. Improved energy density, charging pace, cyclability, safety, and stability also increased the demand for lithium-ion batteries. Thereby propelling the adoption of Li-ion batteries in the cordless hammer drills market.

Key Company Profiles

• Stanley Black & Decker
• Robert Bosch
• Techtronic Industries Company
• Makita
• Hilti
• Atlas Copco
• Apex Tool Group
• Ingersoll Rand
• Snap-On
• Koki Holdings
• Emerson
• Panasonic
• Fortive
• Positec
• CHEVRON
• FEIN
• FERM
• AIMCO
• Uryu Seisaku
• INTRSKOL
• Festool
• Kyocera
• CS Unitec
• Dynabrade
• Husqvarna
• STIHL
• Oregon Tool, Inc.

Market Segmentation

Motor Type

• Brushless
• Brushed

Application

• Commercial
• Residential
• Industrial

Voltage

• 12V
• 18V
• 20V & Above

Chuck Size

• 1/2"
• 3/8" & Above

Geography

• APAC
• China
• India
• South Korea
• Japan
• Australia
• North America
• The US
• Canada
• Europe
• The UK
• France
• Italy
• Germany
• Spain
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa
• Saudi Arabia
• The UAE
• South Africa

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Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY MOTOR TYPE

4.3.2 MARKET SEGMENTATION BY APPLICATION

4.3.3 MARKET SEGMENTATION BY VOLTAGE

4.3.4 MARKET SEGMENTATION BY CHUCK SIZE

4.3.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 REPORT REVIEW

7.2 OPPORTUNITY & CHALLENGE ANALYSIS

7.3 SEGMENT ANALYSIS

7.4 REGIONAL ANALYSIS

7.5 COMPETITIVE LANDSCAPE

8 INTRODUCTION

8.1 OVERVIEW

8.2 VALUE CHAIN ANALYSIS

8.2.1 RAW MATERIALS

8.2.2 MANUFACTURERS

8.2.3 RETAILERS

8.2.4 USERS

8.3 FREQUENTLY ASKED QUESTIONS

8.3.1 AT WHAT RATE WILL THE GLOBAL CORDLESS HAMMER DRILLS MARKET GROW POST-2022?

8.3.2 WHAT ARE THE MAJOR FACTORS AFFECTING THE CORDLESS HAMMER DRILLS MARKET?

8.3.3 WHAT IS THE DIFFERENCE BETWEEN HAMMER DRILLS AND IMPACT DRIVERS?

8.3.4 WHAT IS THE STATE OF THE CORDLESS HAMMER DRILLS MARKET IN DIFFERENT REGIONS ACROSS THE GLOBE?

8.3.5 WHY ARE CORDLESS HAMMER DRILL TOOLS EXPENSIVE, AND WILL THEIR PRICES CONTINUE TO RISE?

9 MARKET OPPORTUNITIES & TRENDS

9.1 RISE IN RENOVATIONS

9.2 DEVELOPMENT OF LI-ION BATTERIES

10 MARKET GROWTH ENABLERS

10.1 INCREASE IN DEMAND FROM COMMERCIAL SPACES

10.2 MULTIUTILITY OF CORDLESS HAMMER DRILLS

10.3 RISE IN DIY ACTIVITIES ACROSS THE GLOBE

11 MARKET RESTRAINTS

11.1 AVAILABILITY OF AFFORDABLE ALTERNATIVES

11.2 LACK OF SKILLED LABOR IN EMERGING ECONOMIES

11.3 US-CHINA TRADE WAR

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 MOTOR TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 BRUSHLESS

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.4 BRUSHED

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 COMMERCIAL

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 RESIDENTIAL

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

14.5 INDUSTRIAL

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.5.3 MARKET BY GEOGRAPHY

15 VOLTAGE

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 12V

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 18V

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

15.5 20V & ABOVE

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.5.3 MARKET BY GEOGRAPHY

16 CHUCK SIZE

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 MARKET OVERVIEW

16.3 1/2"

16.3.1 MARKET OVERVIEW

16.3.2 MARKET SIZE & FORECAST

16.3.3 MARKET BY GEOGRAPHY

16.4 3/8" & ABOVE

16.4.1 MARKET OVERVIEW

16.4.2 MARKET SIZE & FORECAST

16.4.3 MARKET BY GEOGRAPHY

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 GEOGRAPHIC OVERVIEW

18 NORTH AMERICA

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 MOTOR TYPE

18.3.1 MARKET SIZE & FORECAST

18.4 APPLICATION

18.4.1 MARKET SIZE & FORECAST

18.5 VOLTAGE

18.5.1 MARKET SIZE & FORECAST

18.6 CHUCK SIZE

18.6.1 MARKET SIZE & FORECAST

18.7 KEY COUNTRIES

18.7.1 US: MARKET SIZE & FORECAST

18.7.2 CANADA: MARKET SIZE & FORECAST

19 EUROPE

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 MOTOR TYPE

19.3.1 MARKET SIZE & FORECAST

19.4 APPLICATION

19.4.1 MARKET SIZE & FORECAST

19.5 VOLTAGE

19.5.1 MARKET SIZE & FORECAST

19.6 CHUCK SIZE

19.6.1 MARKET SIZE & FORECAST

19.7 KEY COUNTRIES

19.7.1 UK: MARKET SIZE & FORECAST

19.7.2 GERMANY: MARKET SIZE & FORECAST

19.7.3 FRANCE: MARKET SIZE & FORECAST

19.7.4 SPAIN: MARKET SIZE & FORECAST

19.7.5 ITALY: MARKET SIZE & FORECAST

20 APAC

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 MOTOR TYPE

20.3.1 MARKET SIZE & FORECAST

20.4 APPLICATION

20.4.1 MARKET SIZE & FORECAST

20.5 VOLTAGE

20.5.1 MARKET SIZE & FORECAST

20.6 CHUCK SIZE

20.6.1 MARKET SIZE & FORECAST

20.7 KEY COUNTRIES

20.7.1 CHINA: MARKET SIZE & FORECAST

20.7.2 JAPAN: MARKET SIZE & FORECAST

20.7.3 SOUTH KOREA: MARKET SIZE & FORECAST

20.7.4 AUSTRALIA: MARKET SIZE & FORECAST

20.7.5 INDIA: MARKET SIZE & FORECAST

21 LATIN AMERICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 MOTOR TYPE

21.3.1 MARKET SIZE & FORECAST

21.4 APPLICATION

21.4.1 MARKET SIZE & FORECAST

21.5 VOLTAGE

21.5.1 MARKET SIZE & FORECAST

21.6 CHUCK SIZE

21.6.1 MARKET SIZE & FORECAST

21.7 KEY COUNTRIES

21.7.1 BRAZIL: MARKET SIZE & FORECAST

21.7.2 MEXICO: MARKET SIZE & FORECAST

22 MIDDLE EAST AND AFRICA

22.1 MARKET OVERVIEW

22.2 MARKET SIZE & FORECAST

22.3 MOTOR TYPE

22.3.1 MARKET SIZE & FORECAST

22.4 APPLICATION

22.4.1 MARKET SIZE & FORECAST

22.5 VOLTAGE

22.5.1 MARKET SIZE & FORECAST

22.6 CHUCK SIZE

22.6.1 MARKET SIZE & FORECAST

22.7 KEY COUNTRIES

22.7.1 SOUTH AFRICA: MARKET SIZE & FORECAST

22.7.2 SAUDI ARABIA: MARKET SIZE & FORECAST

22.7.3 UAE: MARKET SIZE & FORECAST

22.7.4 TURKEY: MARKET SIZE & FORECAST

23 COMPETITIVE LANDSCAPE

23.1 COMPETITION OVERVIEW

24 KEY COMPANY PROFILES

24.1 STANLEY BLACK & DECKER

24.1.1 BUSINESS OVERVIEW

24.1.2 PRODUCT OFFERINGS

24.1.3 KEY STRATEGIES

24.1.4 KEY STRENGTHS

24.1.5 KEY OPPORTUNITIES

24.2 ROBERT BOSCH

24.3 TECHTRONIC INDUSTRIES COMPANY

24.4 MAKITA

24.5 HILTI

25 OTHER PROMINENT VENDORS

25.1 ATLAS COPCO

25.1.1 BUSINESS OVERVIEW

25.1.2 PRODUCT OFFERINGS

25.2 APEX TOOL GROUP

25.3 INGERSOLL RAND

25.4 SNAP-ON

25.5 KOKI HOLDINGS

25.6 EMERSON

25.7 PANASONIC ELECTRIC WORKS EUROPE AG

25.8 FORTIVE

25.9 POSITEC

25.10 CHEVRON

25.11 FEIN

25.12 FERM

25.13 AIMCO

25.14 URYU SEISAKU

25.15 INTERSKOL

25.16 FESTOOL

25.17 KYOCERA

25.18 CS UNITEC

25.19 DYNABRADE

25.20 HUSQVARNA

25.21 STIHL

25.22 OREGON TOOL

26 REPORT SUMMARY

26.1 KEY TAKEAWAYS

26.2 STRATEGIC RECOMMENDATIONS

27 QUANTITATIVE SUMMARY

27.1 MARKET BY GEOGRAPHY

27.2 MARKET BY MOTOR TYPE

27.2.1 BRUSHLESS

27.2.2 BRUSHED

27.3 MARKET BY APPLICATION

27.3.1 COMMERCIAL

27.3.2 RESIDENTIAL

27.3.3 INDUSTRIAL

27.4 MARKET BY VOLTAGE

27.4.1 18V

27.4.2 12V

27.4.3 20V & ABOVE

27.5 MARKET BY CHUCK SIZE

27.5.1 1/2"

27.5.2 3/8"

27.6 NORTH AMERICA

27.6.1 MOTOR TYPE

27.6.2 APPLICATION

27.6.3 VOLTAGE

27.6.4 CHUCK SIZE

27.7 EUROPE

27.7.1 MOTOR TYPE

27.7.2 APPLICATION

27.7.3 VOLTAGE

27.7.4 CHUCK SIZE

27.8 APAC

27.8.1 MOTOR TYPE

27.8.2 APPLICATION

27.8.3 VOLTAGE

27.8.4 CHUCK SIZE

27.9 LATIN AMERICA

27.9.1 MOTOR TYPE

27.9.2 APPLICATION

27.9.3 VOLTAGE

27.9.4 CHUCK SIZE

27.10 MIDDLE EAST & AFRICA

27.10.1 MOTOR TYPE

27.10.2 APPLICATION

27.10.3 VOLTAGE

27.10.4 CHUCK SIZE

28 APPENDIX

28.1 ABBREVIATIONS

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