Cordless Power Tools Market from Electrical Components & Equipment Industry | Emerging Trends, Company Risk, and Key Executives | Technavio
NEW YORK, July 23, 2021 /PRNewswire/ -- Technavio has been monitoring the cordless power tools market and it is poised to grow by USD 3.64 billion during 2021-2025, progressing at a CAGR of 4.08% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
COVID-19 Impact Analysis on Cordless Power Tools Market can now be gained through our report. Download Free Sample Now!
The cordless power tools market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
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Top 3 Cordless Power Tools Market Players:
Atlas Copco AB
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/cordless-power-tools-market-industry-analysis
Cordless Power Tools Market 2021-2025: Segmentation
The cordless power tools market is segmented as below:
The cordless power tools market is driven by the growth in the production of light vehicles. In addition, the DIY concept gaining momentum in developed countries is expected to trigger the cordless power tools market toward witnessing a CAGR of 4.08% during the forecast period.
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