Just 10 years ago, cordless technology seemed far-fetched. Now, these tools can be found in almost every person’s tool box, starting from casual gardeners to expert construction workers.
Cordless electric tech has advanced so much, that even Dyson, one of UK’s leading vacuum cleaner companies, will only manufacture cordless vacuums from now on, completely ending the production of plug-in vacuums.
Besides changing how people use their tools, battery technology expansion has also largely affected the global tools market.
Let’s start by having a look at the current state of the home and garden tools market.
How the home and garden tools market is performing
Globally, as well as in the UK, the home and garden tools market already has a great reputation.
Reports by Statista show that UK households in 2016 spent around 4.6 billion British pounds on garden and home tools. If we compare that to 2008, when households in UK have spent around 3.8 billion pounds, we can notice a 21 percent increase.
A huge reason behind this increase is the growing popularity of cordless tools. Aside from taking a huge share from engine powered and corded tools, they also took the whole market to a higher level.
This is mainly due to their lightweight designs, low noise levels, and eco friendliness. Because of these features, many home owners have decided to purchase their own, cordless tools, leading to the overall development of the market.
Other factors that also contribute to the growing of this market include:
- The rising number of sport field and golf courses
- High volume of single family houses with bigger gardens
- The cultural tendency to have decorated gardens
A different study by Technavio examined the global garden and lawn tools market and discovered that the leading segment of this market at the time is the lawn mower.
Another eye-catching stat that came up is that the market is expected to grow in size up to 25 billion US dollars by the year 2021.
Nevertheless, both the lawn mower and all other corded and engine powered tools, are likely to lose their market share to cordless tools. As a matter of fact, cordless tools sales are growing at a much quicker rate than their counterparts. This represents a very important trend, and not just in specific countries, but globally as well.
During the past 10 years, the size in cordless tools has decreased by 28%, the power has increased by 240%, and the weight was reduced by 28%, so it’s no surprise that they have so effectively taken the market share from corded and engine driven tools.
In addition, people becoming increasingly aware about the environment, and trying to use eco-friendly products, is another factor that hugely contributed to cordless tools penetrating the market.
Consequently, many manufacturers have started with the production of cordless versions for most of their tools.
Those who were fast to catch on to this trend made huge improvements and strengthened their market position. A great example of this is Dyson, with their cordless vacuum cleaners now being one of the most sold on a global scale.
Another manufacturer who have been around for a long time is Bosch. Bosch have a long history of petrol powered and corded electric tools for both the home and garden.
Lately, they have had a string of best selling products, such as the humble AHS 50-20 cordless electric hedge trimmer. There are plenty of reviews online about how good this trimmer is.
As a result, other manufacturers had to step up and go all-out on making better and improved tools. Therefore, all home and garden tools have seen an increase in quality, further increasing the market size.
A prime example is that of GTech who are a UK based company which produce only cordless electric products.
Their products range from work lights, to electric bikes, hedge trimmers and vacuum cleaners.
If we take the cordless power tools market alone, and divide it into end-user segments, we can see that it is dominated by professional buyers. This is mainly due to the huge size of industries that require tools, including automotive, construction, and manufacturing.
All of this considered, we can only expect cordless garden and home tools to further penetrate the market and remain cost-competitive while also being able to compete on performance with other corded products.
What’s in the future for cordless technology?
Cordless tech has already advanced so much, but with new developments in battery technology looming and more tool manufacturers focused on developing battery powered tools, this is only the beginning.
The 9th edition of the Global Power Tools Market study, expects cordless tools demand to rise 6.4% each year, reaching 7.6 billion US dollars by 2021. Additionally, they will keep on taking the market share from their counterparts, reaching 41% of the total share in 2021.
Another important factor that will surely increase the demand for cordless tools is manufacturers developing a battery compatible with an entire line of tools. This is sure to spark interest in home owners as it is much more convenient. Construction workers will also benefit from this as it will decrease the number of batteries on site.
Superior charging solutions
Improved charging solutions will additionally support the rise of the cordless tools.
In fact, Bosch has already announced inductive charging for some of their tools. Inductive charging transfers energy wirelessly, by transmitting a magnetic field from a charging mat to the battery.
This is already introduced in many newer cell phones, but cordless tools are yet to pick this up. However, the future might hold something even more exciting.
WiTricity, a US based company, claims they have come up with a way of transferring electric energy over distance without any wires.
Growing popularity of electric vehicles
Electric vehicles are becoming more popular by the day, with more people becoming conscious of using less fuel for travel, which has lead to major manufacturers investing in the improvement of new battery technologies so they can use them in their vehicles.
Not only that, but the fact of global warming becoming more accepted as an ongoing issue that needs to be addressed and the awareness that people want to reduce their CO2 emissions, will only help to drive this technology further forward.
The emergence of these new batteries is only a matter of time, and when they arrive, companies that manufacture power tools will most likely use them in their tools as well, which will then lead to even better cordless tools. This will surely boost their sales, further increasing the market size.
All in all, cordless tools changing the market shouldn’t come as a surprise. At the end of the day, people will always go for the easiest way there is to complete whatever task is in front of them.