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(Transportation-News.com, October 29, 2016 ) Demand for cordless power tools, especially from the ‘Do it yourself’ or DIY end-user category is expected to gain traction in the near future. As the name suggest, cordless power tools are basically wireless power tools designed for comfortable and safe use. Some of the common cordless tools available in the market include screwdrivers, wrenches, cordless drillers, grinders and saws. Leading players such as Makita Corporation, DeWalt and Bosch GmbH offer custom made cordless power tools depending on their purpose and requirement. These tools are available in various voltages including 14.4V, 10.8V, 18V and 36V.
Cordless Power Tools Gaining Popularity
Free movement and portability of cordless power tools have earned them healthy popularity amongst consumers. Such tools are usually more expensive than their corded counterparts, however, owing to their enhanced safety and ease of use demand for these tools is surging at a healthy rate. Thus, the market for cordless power tools is expected witness a sound growth in the upcoming years.
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Demand for Cordless Power Tool from ‘Do it Yourself’ or DIY End-Use Category
Cordless power tools are common amongst professional users such as craftsman, construction workers and carpenters. Interestingly so, such tools are luring DIYers due to their compatibility and comfort. Individual private users form a large part of the DIYers category who require low intensity power tools for day-to-day household purposes. Moreover, resurgence of the construction industry in emerging countries such as China and India is boosting the sales of cordless power tools in these regions.
China Leading the Power Tools Market
Low production cost, sufficient supply of resources and availability of skilled labours are few of major factors supporting the growth of power tool market in China. Likewise, more than 75% of the total power tool units are manufactured in the Asia Pacific excluding Japan (APEJ) region making it the largest Power Tools Market globally.
In 2015, the global electronic power tools sales were estimated at 200 million units double the sales on pneumatic power tools in the same year. In addition, the electronic power tools are expected to maintain their dominance in the coming years.
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Trends
Manufacturers are strongly focusing on product development to offer enhanced functionality and utility. Demand for longer run-time capabilities and battery life is compelling manufacturers to develop advanced cordless power tools with long lasting batteries to meet the power demands. For instance, Bosch’s latest range of lithium-ion battery lines come with improved power storage capacity offering longer run time. These Lithium-ion batteries perform with higher efficiency and have lower internal resistance, which in turn adds to the overall performance. Moreover, introduction of latest CoolPack technology with unique rib design and conductive properties addressing critical battery heating issues are expected to supplement the sales of cordless power tools.
Conclusion
Demand for electronic power tools is expected to surge in the near future with Asia Pacific excluding Japan (APEJ) at the pole position. High production volumes in India and China puts APEJ at the forefront of the global power tools market. Further, growing exports to western nations will augment the revenues for the regional market. Other factors, which are expected to influence the APEJ cordless power tools market include rapid urbanisation and rising per capita income in the region.
Future Market Insights
Abhishek Budholiya
2076928790
abhishek.b@futuremarketinsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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