Global Lithium Battery Power Tools Market Growth 2023-2029

Global Lithium Battery Power Tools Market Growth 2023-2029

The global Lithium Battery Power Tools market size is projected to grow from US$ 12090 million in 2022 to US$ 21220 million in 2029; it is expected to grow at a CAGR of 21220 from 2023 to 2029.

The key manufacturers of Lithium Battery Power Tools in the world are TTI, Stanley Black & Decker, Bosch, Makita, HiKOKI, Hilti, Snap-on Incorporated and Dongcheng, among which the market share of the top three manufacturers exceeds 40%, and the largest manufacturer is TTI. The global production of lithium battery power tools is mainly distributed in North America, Europe, China and Japan, among which the top three regions account for more than 80% of the market share, and China is the largest production region at present. In terms of its products, the growth rate of screwdriver is relatively fast. At present, the market share of drill is the highest, more than 30%, followed by saw, wrenches, screwdrivers, hammers and angle grinder. As far as its application is concerned, commercial is the largest application field, with a market share of nearly 70%, followed by the household field.

The batteries of Power Tools mainly include nickel-cadmium, nickel-hydrogen batteries and lithium-ion batteries, among which lithium-ion batteries occupy an absolute dominant position, and the penetration rate continues to increase. Due to the high rate discharge and high energy density requirements of power tools, they are basically monopolized by the ternary battery system at present.

Lithium battery power tools refer to electric tools equipped with lithium batteries.

LPI (LP Information)' newest research report, the “Lithium Battery Power Tools Industry Forecast” looks at past sales and reviews total world Lithium Battery Power Tools sales in 2022, providing a comprehensive analysis by region and market sector of projected Lithium Battery Power Tools sales for 2023 through 2029. With Lithium Battery Power Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Battery Power Tools industry.

This Insight Report provides a comprehensive analysis of the global Lithium Battery Power Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Battery Power Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lithium Battery Power Tools market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Battery Power Tools and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Battery Power Tools.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Battery Power Tools market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Drill
Screwdrivers
Angle Grinder
Hammers
Wrenches
Saw
Others

Segmentation by application
Household
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TTI
Stanley Black & Decker
Bosch
Makita
HiKOKI
Hilti
Snap-on Incorporated
Dongcheng
Festool
CHERVON
C. & E. Fein
Emerson
Jiangsu Jinding
Positec Group
KEN
Zhejiang Boda Industrial
Chicago Pneumatic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lithium Battery Power Tools market?

What factors are driving Lithium Battery Power Tools market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lithium Battery Power Tools market opportunities vary by end market size?

How does Lithium Battery Power Tools break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.