North America Is The Largest Market For Power Tools And Cordless Routers Is Expected To Hold The Position In The Forecast Period

Cordless Router Market Forecast and CAGR

According to latest research by Fact.MR, cordless router market is set to witness gradual growth during assessment period of 2021-2031. Manufacturing techniques are developing and people are inclined towards adopting the techniques that are easy to implement. Power tool and equipment industry being a billion-dollar industry is expected to see a rise of more than 9% CAGR over next 10 years.

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What is Driving Demand for Cordless Router?

Manufacturing has been the pillar for development in the world and portable devices are easy to carry and use devices that can be carried anywhere for the designed task.

Cordless routers help to create slots in the material which can be used for varied purposes. They are relatively new in the market and are an improved version of conventional tools available. With cord being absent in such devices, they are easy to handle and maneuver over complicated patterns.

With the advancement in battery technology and lithium-ion batteries being more powerful and light in weight, the use of such devices is feasible. Increasing Industrialization and developments in industries such as the electric vehicle industry, aerospace industry acts as drivers for the demand for power tools and cordless routers.

Who are the Key Manufacturers of Cordless Router?

The leading manufacturers such as

• Robert Bosch
• Stanley Black & Decker
• Techtronic Industries Company (TTI)
• Makita
• Hilti
• HiKOKI
• Hilti
• Ingersoll Rand

fulfils a significant demand of the power tools in various markets.

The rising investment in R&D Sector has led to development of technology which is boosting the demand of cordless routers. Moreover, development in field of Li-ion batteries, brushless motors, DIY activities, and precision manufacturing acts as catalyst for increasing demand.

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Key Segments

• By Tool Types

  • Material Removal Tools
  • Drilling & Fastening Tools
  • Sawing and Cutting Tools
  • Routing Tools
  • Demolition Tools

• By Industrial Use

  • Automotive
  • Aerospace
  • Electronics
  • Energy
  • Construction
  • Shipbuilding
  • Others

• By End-users

  • Industrial
  • Commercial
  • Residential

• By Sales Channel

  • Offline
    • Retail stores
    • Distributors
  • Online
    • Direct Sales
    • Third Party E-Commerce Sales

• By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Argentina & Rest of Latin America
  • Europe
    • Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
  • East Asia
    • China, Japan, South Korea
  • South Asia
    • India, Thailand, Malaysia, Indonesia and Rest of South Asia
  • Oceania
    • Australia and New Zealand
  • Middle East and Africa
    • GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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