Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Electric Drill Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.1% during the review period (2022 to 2027).
Electric Drill Market Overview:
The global electric drill market is anticipated to rise at a steady CAGR of more than 8.1% over the forecast period of 2019 to 2027. The Electric drills run on batteries, which allows for quick drilling without the requirement of a power cord. These drills are often regarded as a multipurpose tool since they are flexible, portable, and can be used anywhere because the user does not need to be close to an electric outlet. This is one of the most important product-related factors driving the market adoption of electric drills.
Preference for cordless electric drills is growing since power and portability are two crucial factors to consider when choosing a drill, driving up demand for power drills. This is projected to continue to exhibit a good growth trend in the electric drill market over the next several years.
Who are the Major Players in Electric Drill Market?
The Electric Drill Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market including Black & Decker, Panasonic, Bosch, DEWALT, Hilti, Craftsman, Metabo, Hitachi, Milwaukee, Makita, PORTER-CABLE, SKIL, RYOBI, RIDGID, and Others.
Industry News:
Ice- Stanley Black & Decker Completes Acquisitions of MTD Holdings and Excel Industries, Creating A Global Leader in Outdoor Products
Accretive Acquisitions Strengthen Stanley Black & Decker Portfolio in $25 Billion-Plus Outdoor Power Equipment Industry
Stanley Black & Decker - announced that it has successfully completed the acquisition of two leading companies in the growing outdoor power equipment industry, including purchasing the remaining 80 percent ownership stake in MTD Holdings Inc ("MTD") and the acquisition of Excel Industries ("Excel"). These transactions establish Stanley Black & Decker as a U.S.-based global leader in outdoor products and complement the Company's position as the fastest-growing provider of cordless electric outdoor power equipment with strong brands such as DEWALT®, CRAFTSMAN®, and BLACK+DECKER®.
What are the major Applications, Types, and Regions for Electric Drill Market?
By Type, it is segmented into
By Applications, it is segmented into
- Construction
- Mining Industry
- Oil & Gas Industry
- Others
Electric Drill Market Regional Analysis
North America and Europe account for a sizable proportion of the electric drill market, owing to the higher adoption of goods for DIY repairs in these areas. Another element driving regional expansion in North America and Europe is the high penetration of large-scale and well-established brands.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Electric Drill Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electric Drill Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Electric Drill Market Report Scope?
Scope of the Report covers Electric Drill Market with detailed analysis of the overall scenario for the market. It also highlights the business participants' environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Electric Drill Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2021-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Key Takeaways from this Electric Drill Report
- Evaluate Electric Drill market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Electric Drill market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
