Cordless Power Tools Market Is Set To Garner Staggering Revenues By 2031 December 08, 2021
Asia Pacific Cordless Power Tools Market: Introduction
Transparency Market Research delivers key insights on the Asia Pacific cordless
power tools market. In terms of revenue, the Asia Pacific cordless power tools market
is estimated to expand at a CAGR of 6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the Asia Pacific cordless power tools market.
The Asia Pacific cordless power tools market is broadly affected by several factors, such as the presence of large number of manufacturers and distributors in the market; rise in construction activities; and increasing demand for cordless power tools in DIY techniques among household consumers, which are propelling the market in Asia Pacific. Increasing use in aerospace and shipbuilding has also hugely affected the cordless power tools market.
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Asia Pacific Cordless Power Tools Market: Dynamics
In terms of product type, the cordless power tools market is bifurcated into drills, impact drivers, impact wrenches, screwdrivers, jigsaws, reciprocating saws, circular saws, multi-cutters, shears, angle grinders, routing tools, palm routers, planers, dust extractors, and others. The demand for drills is higher than other products. Based on battery type, the market has been divided into nickel cadmium (NiCd), nickel metal hydride (NiMH), and Lithium-Ion (Li-ion). Lithium-ion is used the most and has the highest share. In terms of motor type, the market is segmented into brushless motors and brush motors. Brushless motors is the preferred cordless power tool as it is easier to use.
Based on motor speed, the cordless power tools market is divided into upto 1000 rpm, 1000-2000 rpm, 2000-4000 rpm, 4000-6500 rpm, 6500-8000 rpm, and above 8000. 4000-6500 rpm motor speed is the most used for automotive, and construction, etc. In