The growing use of power tools in residential, commercial as well as industrial applications is increasing demand for the batteries that drive the growth of the market. Increasing demand for the power tools for maintenance and repair tasks are fueling the growth of the power tools batteries market. Technological development in the battery coupled with the increasing use of lithium-ion battery due to its environment-friendly characteristics and declining prices are support to the growth of the power tool batteries market.
MARKET DYNAMICS
The rising use of power tools as compared to hand tools due to its accuracy and efficiency, which increased the demand for the batteries that propel the growth of the power tool batteries market. Furthermore, the rising adoption of power tools in the manufacturing and construction industry is booming the growth of the power tool batteries market. The growing penetration of lithium-ion battery coupled with the decreasing cost provides a lucrative opportunity for the market player of the power tool batteries market. Increasing consumer preference towards cordless power tools is expected to drive the growth of the power tool batteries market.
MARKET SCOPE
The "Global Power Tool Batteries Market Analysis to 2028" is a specialized and in-depth study of the power tool batteries industry with a special focus on the global market trend analysis. The report aims to provide an overview power tool batteries market with detailed market segmentation by type, distribution channel, and geography. The global power tool batteries market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power tool batteries market players and offers key trends and opportunities in the power tool batteries market.
MARKET SEGMENTATION
The global power tool batteries market is segmented on the basis of type, distribution channel. On the basis type the market is segmented as lithium-ion, nickel-cadmium, others.On the basis distribution channel the market is segmented as online, offline.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global power tool batteries market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power tool batteries market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting power tool batteries market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the power tool batteries market in these regions.
MARKET PLAYERS
The reports cover key developments in the power tool batteries market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from power tool batteries market are anticipated to lucrative growth opportunities in the future with the rising demand for power tool batteries in the global market. Below mentioned is the list of few companies engaged in the power tool batteries market.
The report also includes the profiles of key power tool batteries companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Hilti Corporation
- Koki Holdings
- Makita Corporation
- Milwaukee Tool
- Panasonic Corporation
- Robert Bosch Tool Corporation
- Ryobi Limited
- SAMSUNG SDI CO.,LTD.
- Stanley Black & Decker, Inc.
- WORX
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.