PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1520692
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1520692
Global Power Tool Batteries Market Size study, by Type, by Tool, by Application and Regional Forecasts 2022-2032
The Global Power Tool Batteries Market is valued at USD 2.5 billion in 2023 and is projected to grow at a robust CAGR of 10% from 2024 to 2032. Power tool batteries are essential components for operating various tools, including band saws, circular saws, crimpers, hammer drills, impact drivers, and impact wrenches. These batteries offer significant advantages by reducing trip and shock hazards and enhancing worker productivity through their lightweight and portable nature. The surge in consumer preference for cordless power tools, driven by the demand for more portable equipment, is a notable trend in the Power Tool Batteries Market. Modern battery-powered tools now boast longer operational periods between charges, thus creating lucrative opportunities in the market. Drills, widely used across multiple fields and applications, exemplify this trend due to their versatility and high demand for drilling holes, driving screws, and securing materials. The portability of cordless drills significantly enhances their appeal, allowing users to operate in remote areas without a power source, thereby increasing the demand for power tool batteries.
During the forecast period, the adoption of battery-powered power tools and the rapidly expanding automotive industry are expected to drive market growth. Lithium-ion batteries dominate the Power Tool Batteries Market due to increasing demand from the automotive sector. Key innovations in power tool batteries, the rising demand for fastening tools, and the development of smart, connected power tools in the automotive and energy industries are poised to significantly boost the market. The popularity of DIY projects and the growing focus on sustainability and energy efficiency further elevate the demand for power tool batteries.
The key regions study in Global Power Tool Batteries Market includes Asia Pacific, Europe, North America, Latin Amera and Middle East and Africa. The North America dominate the global Power Tool Batteries Market, driven by substantial construction industry growth and the adoption of advanced power tools. The region's market is bolstered by a strong presence in the manufacturing sector and rising consumer electronics spending. The expanding need for power tools in mining and oil and gas sectors further propels market share. In the United States, the focus on energy efficiency and the popularity of DIY projects are key market drivers. Meanwhile, Asia Pacific is projected to register fastest growth fuelled by infrastructure development, urbanization, and increased government initiatives supporting industrial manufacturing facilities.
Major market players included in this report are:
- BYD Co. Ltd.
- Hitachi, Ltd.
- Ryobi Limited
- Samsung SDI
- Techtronic Industries
- Makita Corporation
- LG Chem Ltd.
- Sony Corporation
- Panasonic Holdings Corporation
- Hilti Corporation
- Bosch Power Tools
- Milwaukee Tool Corporation
- DeWalt
- Black & Decker
- Stanley Works
The detailed segments and sub-segment of the market are explained below:
By Type:
- Lithium-ion
- Nickel-cadmium
- Nickel-metal Hydride
- Others
By Tool:
- Drills
- Saws
- Lawn Mowers
- Impact Wrenches
- Others
By Application:
- Residential
- Commercial
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Power Tool Batteries Market Executive Summary
- 1.1. Global Power Tool Batteries Market Size & Forecast (2022- 2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Tool
- 1.3.3. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Power Tool Batteries Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Power Tool Batteries Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Growing Customer Preference for Cordless Power Tools
- 3.1.2. Rising Adoption of Battery-Powered Tools
- 3.1.3. Expanding Automotive Industry
- 3.2. Market Challenges
- 3.2.1. Availability of Counterfeit & Low-Quality Products
- 3.2.2. High Maintenance Cost of Power Tool Batteries
- 3.3. Market Opportunities
- 3.3.1. Key Innovations in Power Tool Batteries
- 3.3.2. Development of Smart and Connected Power Tools
- 3.3.3. Emphasis on Sustainability and Energy Efficiency
Chapter 4. Global Power Tool Batteries Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Power Tool Batteries Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Power Tool Batteries Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Lithium-ion
- 5.2.2. Nickel-cadmium
- 5.2.3. Nickel-metal Hydride
- 5.2.4. Others
Chapter 6. Global Power Tool Batteries Market Size & Forecasts by Tool 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Power Tool Batteries Market: Tool Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Drills
- 6.2.2. Saws
- 6.2.3. Lawn Mowers
- 6.2.4. Impact Wrenches
- 6.2.5. Others
Chapter 7. Global Power Tool Batteries Market Size & Forecasts by Application 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Power Tool Batteries Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Industrial
Chapter 8. Global Power Tool Batteries Market Size & Forecasts by Region 2022-2032
- 8.1. North America Power Tool Batteries Market
- 8.1.1. U.S. Power Tool Batteries Market
- 8.1.1.1. Type breakdown size & forecasts, 2022-2032
- 8.1.1.2. Tool breakdown size & forecasts, 2022-2032
- 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Power Tool Batteries Market
- 8.1.2.1. Type breakdown size & forecasts, 2022-2032
- 8.1.2.2. Tool breakdown size & forecasts, 2022-2032
- 8.1.2.3. Application breakdown size & forecasts, 2022-2032
- 8.1.1. U.S. Power Tool Batteries Market
- 8.2. Europe Power Tool Batteries Market
- 8.2.1. U.K. Power Tool Batteries Market
- 8.2.2. Germany Power Tool Batteries Market
- 8.2.3. France Power Tool Batteries Market
- 8.2.4. Spain Power Tool Batteries Market
- 8.2.5. Italy Power Tool Batteries Market
- 8.2.6. Rest of Europe Power Tool Batteries Market
- 8.3. Asia-Pacific Power Tool Batteries Market
- 8.3.1. China Power Tool Batteries Market
- 8.3.2. India Power Tool Batteries Market
- 8.3.3. Japan Power Tool Batteries Market
- 8.3.4. Australia Power Tool Batteries Market
- 8.3.5. South Korea Power Tool Batteries Market
- 8.3.6. Rest of Asia Pacific Power Tool Batteries Market
- 8.4. Latin America Power Tool Batteries Market
- 8.4.1. Brazil Power Tool Batteries Market
- 8.4.2. Mexico Power Tool Batteries Market
- 8.4.3. Rest of Latin America Power Tool Batteries Market
- 8.5. Middle East & Africa Power Tool Batteries Market
- 8.5.1. Saudi Arabia Power Tool Batteries Market
- 8.5.2. South Africa Power Tool Batteries Market
- 8.5.3. Rest of Middle East & Africa Power Tool Batteries Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. BYD Co. Ltd.
- 9.3.2. Hitachi, Ltd.
- 9.3.3. Ryobi Limited
- 9.3.4. Samsung SDI
- 9.3.5. Techtronic Industries
- 9.3.6. Makita Corporation
- 9.3.7. LG Chem Ltd.
- 9.3.8. Sony Corporation
- 9.3.9. Panasonic Holdings Corporation
- 9.3.10. Hilti Corporation
- 9.3.11. Bosch Power Tools
- 9.3.12. Milwaukee Tool Corporation
- 9.3.13. DeWalt
- 9.3.14. Black & Decker
- 9.3.15. Stanley Works
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
