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Cordless Multi Rotary Tools Market Share

Report ID: GMI12340
Published Date: Nov 2024
Report Format: PDF

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Cordless Multi Rotary Tools Market Share

In 2023, key companies like Stanley Black & Decker, Robert Bosch, Techtronic Industries Co. Ltd. (TTi), held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are making substantial investments in research and development to create advanced, smart rotary tools that cater to the evolving needs and preferences of the industry. Competitive strategies often focus on product differentiation, with manufacturers enhancing their products with unique features, as well as expanding into new geographic markets to tap into emerging opportunities. In this demanding environment, those that innovate effectively and adapt to market trends are positioned to achieve competitive advantage.

Cordless Multi Rotary Tools Market Companies

Major players operating in the cordless multi rotary tools industry are:

Aegon Power
BLACK+DECKER
Bosch
Dremel
DEWALT
Draper Tools Limited
Hardell
Huepar
JPT Tools
Milwaukee Electric Tool Corporation
Proxxon
RYOBI
Ronix
Sealey
Rolson Tools Ltd

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for cordless multi rotary tools was reached USD 870.4 million in 2023 and is estimated to grow at a 5.6% CAGR from 2024 to 2032, driven by the increasing demand for portability.

The drills segment accounted for revenue of around USD 274 million in 2023 and is estimated to grow at a CAGR of around 6.6% from 2024 to 2032, led by rising DIY culture.

The medium voltage segment held around 45.4% of the market share in 2023 and is anticipated to grow at a CAGR of 5.8% during 2024 to 2032, supported by continuous improvements in battery technology.

The U.S. cordless multi rotary tools market size surpassed USD 188.9 million in 2023 and is estimated to grow at a CAGR of over 5.6% from 2024 to 2032, driven by its strong industrial base and high consumer demand for versatile, portable power tools.

The industry features key players such as Aegon Power, BLACK+DECKER, Bosch, Dremel, DEWALT, Draper Tools Limited, Hardell, Huepar, JPT Tools, Milwaukee Electric Tool Corporation, Proxxon, RYOBI, Ronix, Sealey, and Rolson Tools Ltd.