Home > Industrial Machinery > Industrial Equipment > Tools > Cordless Power Tools Market
In 2023, major market players, including TTI Group, Stanley Black & Decker, Robert Bosch GmbH, Makita Corporation, Apex Tool Group, and Atlas Copco AB collectively held around 45% market share. The cordless power tool market is moderately fragmented, with large established companies holding greater shares. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to R&D, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.
Major players operating in the cordless power tools industry include: