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Rapid urbanization and industrialization are key factors uplifting the overall growth of the global cordless power tools market. The growing trend of "Do it Yourself" (DIY) projects, which is creating demand for amateurs and enthusiasts to upgrade or rebuild material possessions such as household appliances is again expanding the growth of the cordless power tools market size. The rise in the end-user segments such as the Automobile, aerospace, construction, electronics, shipbuilding industries is also anticipated to foster market growth. Drilling & fastening devices, sawing & cutting, and demolition machines segments are gaining tremendous demand from a wide range of applications. The increasing global electric vehicle market has further resulted in the high demand for cordless power tools such as fastening and other material removal devices. North America is estimated to exhibit tremendous growth in the near future and this attributed to the rapid growth in the end-user segments such as automobiles, electronics, construction, and aerospace in the region. Also, expanding the oil &gas industry in the region due to the high demand for crude oil and increasing investment has further augmented the cordless power tools market growth. According to the International Energy Agency, crude oil production in the United States increased by 10.9% compared to 2018. As such, the United States remained the world's top producer, followed by the Russian Federation, Saudi Arabia, Canada, and Iraq Cordless power tools that are available today come with a variety of different options and functions, allowing users to customize them to meet their exact needs. Drilling & fastening devices, Material Removal Tools, Routing Tools, demolition machines, and sawing & cutting are some of the cordless power tools. They are widely used across end-user industries such as automobile, construction, aerospace, electronics, and shipbuilding industries. Read more @ https://coherentmarketinsight