Commercial and Construction Sectors Help Manufacturers Stay Afloat amid COVID-19 Pandemic
eCommerce and mobile shopping apps are helping manufacturers in the Asia Pacific cordless power tools market to stay financially afloat amid the COVID-19 crisis. As such, mass vaccination programs and decreasing number of active coronavirus cases are helping to revive the demand for products and services. Such trends are anticipated to boost the growth of the market where stakeholders are expecting business activities to return to normal by the first quarter of 2022.
Manufacturers in the Asia Pacific cordless power tools market are taking advantage of government stimulus packages to manage finances. They are adapting to the plug and play mode to align with the volatile demand and supply of products. Nevertheless, manufacturers are focusing on essential applications in the residential, commercial, and construction sectors to keep the economies running during the pandemic.
Corded Drills V/S Cordless Drills: Which is Better?
Powered screwdrivers, drill drivers, and hammer drills are creating revenue opportunities for manufacturers in the Asia Pacific cordless power tools market. Pros and cons of both corded drills and cordless drills are influencing market growth. For instance, cordless drills are portable and enabled with rechargeable batteries. However, cordless drills are associated with low power levels as compared to corded drills and tend to deliver less consistent delivery.
Corded drills have a more compact body and deliver a consistent torque. However, these drills need to be plugged into a power outlet at all times, and cables can create a tripping hazard. Nevertheless, greater adaptability in cordless drills for hard-to-reach drilling jobs are compensating for its drawbacks.
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Next-gen Cordless Circular Saw Machines Gaining Prominence for Wood Cutting
The Asia Pacific cordless power tools market is expected to surpass an output of 94,393.6 thousand units by 2031. Manufacturers in the Asia Pacific cordless power tools market are increasing the production of cordless circular saw machines integrated with a shared battery for devices such as screwdrivers, impact wrench, and reciprocating saw. The Yato YT-82810 Cordless Circular Saw 18V Kit is being publicized for wood cutting applications.
There is a growing demand for cordless circular saws used in cutting formwork boards, plywood, and plastics. Robust cordless circular saws are storming the Asia Pacific cordless power tools market, owing to their compact design and portability advantages.
Use of LED Displays in Robust Handheld Cordless Vacuum Cleaners
Handheld cordless vacuum cleaners are grabbing the attention of potential buyers. Instant discounts and easy EMI (Equal Monthly Instalment) schemes are boosting sales of handheld cordless vacuum cleaners via eCommerce platforms. These cleaners are integrated with durable brushless motors that offer up to 22Kpa (kilopascal) suction. Handheld cordless vacuum cleaners are being designed with unique spinning side brushes to cover corners and edges.
Multiple modes of cleaning are being preferred in handheld cordless vacuum cleaners. Companies in the Asia Pacific cordless power tools market are designing cordless vacuum cleaners with LED displays that show real-time device status and different cleaning modes.
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Introduction of Cordless Impact Drill Drivers Integrated with Electronic Motor Brake for Added Control
The Asia Pacific cordless power tools market is slated to clock a favorable value CAGR of 6% during the forecast period. IKEA - a Scandinavian chain selling furniture and home accessories, is gaining recognition for its FIXA Series that have tools such as cordless screwdriver with bit holder at affordable price.
On the other hand, manufacturers in the Asia Pacific cordless power tools market are innovating in cordless impact drill drivers integrated with lithium ion battery technology. Multiple position adjustable torque control for consistent screw driving into a variety of materials is being preferred by users. The high performance fan cooled motor for maximum power and durability is being incorporated in cordless impact drill drivers. The integration of LED for improved visibility is grabbing the attention of customers. Electronic motor brake in these machines deploy added control.
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In this report, our team offers a comprehensive analysis of Cordless Power Tools market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-cordless-power-tools-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Bosch• Stanley Black & Decker• Makita• Hilti• Hitachi Koki• Festool (TTS)• Snap-on• Husqvarna• Interskol• Duss• Baier• Collomix• Metabo• Milwaukee Electric Tool (TTI)• Copper (Eaton) On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Electric Type• Pneumatic Type• Engine Driver Type• Hydraulic Type• Powder-Actuated Type By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Residential Application• Construction Field• Industry Field• Gardening Field By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-cordless-power-tools-market-2020-2026 Table of Contents Global Cordless Power Tools Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Electric Type1.3.2 Pneumatic Type1.3.3 Engine Driver Type1.3.4 Hydraulic Type1.3.5 Powder-Actuated Type1.4 Application Overview1.4.1 Residential Application1.4.2 Construction Field1.4.3 Industry Field1.4.4 Gardening Field1.5 Industrial Chain1.5.1 Cordless Power Tools Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Electric Type2.1.2 Pneumatic Type2.1.3 Engine Driver Type2.1.4 Hydraulic Type2.1.5 Powder-Actuated Type2.2 The Overall Market Performance(Value)2.2.1 Electric Type2.2.2 Pneumatic Type2.2.3 Engine Driver Type2.2.4 Hydraulic Type2.2.5 Powder-Actuated Type 3 Global Cordless Power Tools Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Residential Application3.3 Construction Field3.4 Industry Field3.5 Gardening Field Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/machinery About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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