According to a market report by Lucintel, the future of the global electric portable drill market looks promising with opportunities in the furniture decoration, construction industry, air conditioning installation, and billboard installation markets. The global electric portable drill market is expected to reach an estimated $7 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increased power drill advances made possible by contemporary methods, rise in the use of battery-powered power drills due to the low cost of lead-acid battery pack packs, as well as, implementation of multifunctional power drills.
A more than 150–page report is developed to understand Trends,
opportunity and forecast in electric portable drill market to 2030 by product
(cable type electric portable drill and wireless type electric portable drill),
application ( furniture decoration, construction industry, air
conditioning installation, billboard installation, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, cable type electric portable drill and wireless type
electric portable drill are the major segments of electric portable drill
market by product. Lucintel forecasts that wireless type electric portable
drill is expected to witness higher growth over the forecast period due to
developments in rechargeable batteries and performance upgrades, manufacturers
have produced wireless power drills that increase mobility.
Within this market, construction industry will remain the largest segment
because the drills are used for chiseling and chipping cement, mortar, and
other thick or tough materials. They are also used to bore holes, tighten and
loosen fasteners, mix plaster, mortar, other materials.
North America is expected to witness highest growth over the forecast
period because when compared to other locations, this region has been extremely
helpful in incorporating the newest technical developments.
Makita, Metabo, PORTER-CABLE, RIDGID, Bosch, Craftsman, DEWALT, RYOBI,
SKIL, and Black & Decker are the major suppliers in the electric portable
drill market.
Download sample by clicking on electric
portable drill market
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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