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Cordless Multi Rotary Tools Market Size

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

Cordless Multi Rotary Tools Market Size

The global cordless multi rotary tools market was valued at USD 870.4 million in 2023 and is estimated to grow at a CAGR of over 5.6% from 2024 to 2032. The demand for these tools has surged as consumers value the convenience of cordless operation, which allows for easier maneuvering and use in spaces without direct access to power outlets. The rise of comprehensive online tutorials, video guides, and step-by-step DIY resources has further empowered individuals to undertake more complex tasks, fostering confidence in their ability to complete home projects efficiently. This trend has driven significant investments in cordless multi rotary tools, enabling users to achieve high-quality results without professional assistance.

 

Cordless multi rotary tools have also become essential across a variety of industrial applications, including construction, automotive, and manufacturing. Their versatility and ease of use make them ideal for tasks such as cutting, sanding, and polishing in settings that demand high mobility and precision. The growing focus on operational efficiency has prompted industries to adopt cordless solutions that reduce downtime and increase productivity. Furthermore, the expansion of small and medium-sized enterprises (SMEs) in sectors like woodworking and custom crafts has amplified the need for adaptable, high-performance rotary tools that can cater to a broad spectrum of applications. This shift reflects an industry-wide push towards tools that offer both reliability and portability.
 

 

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.

Cordless Multi Rotary Tools Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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