Home > Industrial Machinery > Industrial Equipment > Tools > Cordless Multi Rotary Tools Market

Cordless Multi Rotary Tools Market Trends

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

Cordless Multi Rotary Tools Market Trends

The cordless multi-rotary tools market has seen robust growth driven by technological advancements, particularly in battery technology. Lithium-ion batteries are significantly enhancing the performance and runtime of these tools, providing greater convenience and power to both professionals and DIY enthusiasts. The shift toward cordless solutions is evident as they offer increased mobility and ease of use compared to traditional corded models. Additionally, there's a rising demand for compact and versatile tools that can handle multiple applications, making them popular for various tasks in construction, automotive, and household maintenance?.
 

The rising DIY culture is driving the demand for cordless multi-rotary tools, as more consumers embrace home improvement projects. The growing availability of online tutorials, affordable tool options, and e-commerce platforms has empowered individuals to take on tasks that were once reserved for professionals. Cordless tools are favored for their convenience, portability, and ease of use, aligning with the DIY trend of tackling everything from small repairs to home renovations. As more people seek to personalize their living spaces and save on professional labor costs, the demand for versatile, compact, and efficient tools like cordless multi-rotary tools continues to rise?.

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

Buy Now


Premium Report Details

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