Global Power Tool Batteries Market 2023-2027

Global Power Tool Batteries Market 2023-2027

The power tool batteries market is forecasted to grow by USD 1.52 bn during 2022-2027, accelerating at a CAGR of 8.1% during the forecast period. The report on the power tool batteries market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in consumer use of power tools, increase in manufacturing of light vehicles, and declining li-ion battery prices.

Technavio's power tool batteries market is segmented as below:

By End-user

• Industrial
• Commercial
• Residential

By Type

• Li-ion battery
• Nickel battery

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the li-ion batteries replacing NICD technology in power tool batteries as one of the prime reasons driving the power tool batteries market growth during the next few years. Also, integration of 3d printing technology and rise in EV sales will lead to sizable demand in the market.

The report on the power tool batteries market covers the following areas:

• Power tool batteries market sizing
• Power tool batteries market forecast
• Power tool batteries market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power tool batteries market vendors that include Atlas Copco AB, BYD Co. Ltd., E One Moli Energy Corp., EGO, GS Yuasa Corp., Hilti AG, Husqvarna AB, Ingersoll Rand Inc., LG Chem Ltd., Makita Corp., Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Samsung SDI Co. Ltd., Snap On Inc., Techtronic Industries Co. Ltd., Wanxiang Group, ANDREAS STIHL AG and Co. KG, Honda Motor Co. Ltd., and Stanley Black and Decker Inc.. Also, the power tool batteries market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.