Christy Publications Cordless Power Tools Market | Page 4
to gain major traction, owing to increasing of manual labor and lack of human resource for
small household projects.
Increased affordability and increasing activities for transformative automotive technologies
such as V2V communication and connected automotive will drive the demands for cordless
power tools in the region. Improving economic conditions in Asia Pacific, and large base of
manufacturing activities in the countries such as China, India, Japan, Indonesia and South Korea,
are expected to present potential growth landscape over the next few years.
Industry is characterized by the consolidated presence of chief players in the region sharing
major cordless power tools market share. These players include Emerson Electric Co., Makita,
Robert Bosch, Stanley Black & Decker and Techtronic Industries. Other key players include Atlas
Copco, Hilti, Husqvarna, Hitachi, and Snap-on.
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