Electric Power Tools Market Size, Share, Competitive Landscape and Trend Analysis Report
The continuous transformation of technology has positively impacted multiple industries, such as the manufacturing sector. The emergence of electric power tools is one such innovation that has offered new opportunities for advancement. This progression highlighted a major transition from manual labor to mechanization. The widely used electric power tools include drills, impact wrenches, hammers, saws, lawnmowers, vacuum cleaners, and others.
The heightened adoption of electric power tools is attributed to their benefits. The prime advantage of these tools is their exceptional superiority as compared to their manual counterparts. It allows users to rapidly complete tasks with minimum effort. At the same time, the emergence of battery technology has developed cordless power tools for convenient and reliable use. The electric power tools market is predicted to register an impressive CAGR of 5.7% by 2031.
Energy-efficient production and designs
Integrating energy efficiency in production stages and design is essential for environmental responsibility as well as economic viability. In today’s era of sustainability practices, manufacturers are highly adopting energy-efficient designs and manufacturing. These designs need less energy for production and also consume low power while operating. Moreover, energy-efficient manufacturing minimizes energy wastage and saves cost.
Organizations are implementing different strategies like auto shutoff to save energy, tool design optimization for low energy loss, and the use of energy-efficient motors. For instance, brushless motors are replacing brushed motors due to their minimum heat generation and friction. Also, cordless tools equipped with Li-ion batteries are gaining popularity with their high efficiency and consistent power delivery.
CAM (computer-aided manufacturing) allows accurate control of machine operation and reduces energy waste. On the other hand, JIT (Just-in-time) technique lowers waste and inventory holding costs rising from overproduction.
Improved ergonomics for safety
Product developers are focusing on the safety and comfort of users to avoid any unexpected accidents. For this, they are adopting ergonomic enhancements like comfort grips, lightweight and compact designs, user-friendly controls, and anti-vibration technology. Safety measures include onboard DR (dust reduction) systems and ATC (active torque control) systems collecting dust with harmful silica. Additionally, ATC avoids drill rotation in case of any jams to avoid further injuries. Other safety features comprise the instant shutdown of grinders if the operator moves away from it in any direction.
The latest electric power tools are equipped with advanced technology, such as the ability to interact with mobile applications for tracking equipment and inbuild Bluetooth connectivity. Tracking tags help find missing tools and enable users to manage multiple settings via mobile applications.
Bosch Power Tools launched 30 new tools
In October 2024, Bosch Power Tools launched a line of its latest products that are designed on the company’s current lineup of cordless 18V tools. The launch was arranged by Bosch Power Tools, which offered a first look at its advanced solutions. These tools give precise control to workers and highlight the brand’s commitment to deliver high-quality products. The tools are applicable across different trade industries, such as plumbing, electrical, and carpentry.
Hilti's Nuron collection of cordless power tools
In January 2024, a leader in tools, technology, software, and services to the commercial construction industry, Hilti North America, revealed its cordless tools range. These products operate with its 22V Nuron battery platform. As per the company's statement, the Nuron platform works better than gas-powered, higher-voltage, or corded battery systems.
To conclude, electric power tools have witnessed a next level of transformation in the past few years. Energy-efficient designs and manufacturing techniques are helping manufacturers to align with their sustainability goals. Moreover, improved ergonomics minimizes unexpected injuries and maintains a safe environment for operators.