Market Overview:
The global Li-ion battery power tool market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cordless tools, rising adoption of lithium-ion batteries in power tools, and growing demand for portable and lightweight tools. Based on type, the drill segment is expected to hold the largest share of the global Li-ion battery power tool market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period. The saw segment is projected to grow at a CAGR of 5% during the same period. Based on application, industrial use is expected to hold the largest share of the global Li-ion battery power tool market in 2018. This segment is projected to grow at a CAGR of 7% duringthe forecast period.
Product Definition:
Li-ion Battery Power Tool is a battery operated power tool that uses lithium ion batteries. These tools are typically more powerful and have longer run times than traditional power tools. They are also lighter weight and have smaller profiles, making them easier to use in tight spaces. Li-ion battery powered tools are becoming more popular due to their increased performance and portability.
Drill:
Drill is a rotary drilling machine used in various applications such as metal cutting, woodworking, and concrete boring. The power drill has evolved over time from the basic hand-held device to the highly sophisticated equipment used for drilling purposes today. The evolution of drills can be attributed to several innovations that have been incorporated into these machines over the years.
Saw:
The saw is used to cut the metal or plastic and it's also known as hand saw. It has different types of blades like rip, crosscut, downcut etc. The blade type depends upon the application in which it is used. For example;rip or single beveled blade is mostly used for woodworking while cross-cut or double beveled blade is mostly used for sheet goods transportation and plywood cutting applications.
Application Insights:
The industrial use of the tool accounted for a major share in 2016. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand from construction, mining and civil engineering industries. Rapid urbanization coupled with increasing infrastructure development projects across the globe is expected to boost product demand in this application segment over the coming years.
The household sector was one of the prominent segments accounting for significant market share in 2016 owing to growing awareness about energy conservation among consumers and rapid adoption of renewable energy sources such as solar power and wind turbines among others which are compatible with li-ion batteries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has led to an increase in construction activities across the globe. This trend is projected to continue driving demand for power tools, including drills and saws, thereby propelling regional growth. Moreover, growing industrialization coupled with increasing government spending on defense & security sector is anticipated to drive product demand over the forecast period.
The North American market was valued at USD X billion in 2017 owing to high consumer awareness regarding safety while using power tools along with their benefits such as reduced risk of accidents or injuries caused during drilling/driving operations compared with traditional handheld drills or saws. However, strict regulations by various regulatory bodies such as U.
Growth Factors:
- Increasing demand for cordless power tools: A major factor driving the growth of the Li-ion battery power tool market is the increasing demand for cordless power tools, as they offer a number of advantages such as portability and easy maneuverability. This is particularly beneficial in applications such as construction and automotive repair, where workers need to move around frequently.
- Advances in technology: Another key driver for the Li-ion battery power tool market is advances in technology, which has led to the development of more powerful and longer lasting batteries. This has allowed manufacturers to create more powerful tools that can handle tougher applications.
- Growing popularity of DIY projects: The growing popularity of do-it-yourself (DIY) projects has also helped fuel demand for Li-ion battery powered tools, as consumers are increasingly looking for ways to save money by doing tasks themselves rather than hiring professionals.
- Rising disposable income levels: Rising disposable income levels among consumers in developed countries is also helping drive growth in the Li-ion battery powered tool market, as this allows them to invest in more expensive but high quality tools that offer better performance and longer run times.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Li-ion Battery Power Tool Market Research Report
By Type
Drill, Saw, Wrench, Screwdriver, Grinder, Others
By Application
Industrial Use, Household
By Companies
Stanley Black & Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-on, Chervon, Festool, Dongcheng, C. & E. Fein, Positec, Jinding Electric, KEN, Emerson, China Boda
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Li-ion Battery Power Tool Market Report Segments:
The global Li-ion Battery Power Tool market is segmented on the basis of:
Types
Drill, Saw, Wrench, Screwdriver, Grinder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Use, Household
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stanley Black & Decker (DeWalt)
- Bosch
- TTI
- Makita
- HiKOKI
- Hilti
- Einhell
- Snap-on
- Chervon
- Festool
- Dongcheng
- C. & E. Fein
- Positec
- Jinding Electric
- KEN
- Emerson
- China Boda
Highlights of The Li-ion Battery Power Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Drill
- Saw
- Wrench
- Screwdriver
- Grinder
- Others
- By Application:
- Industrial Use
- Household
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Li-ion Battery Power Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Li-ion battery power tool is a type of electric tool that uses lithium ion batteries. These tools are often lighter and more powerful than traditional tools, making them ideal for use in tight spaces or on difficult tasks.
Some of the major players in the li-ion battery power tool market are Stanley Black & Decker (DeWalt), Bosch, TTI, Makita, HiKOKI, Hilti, Einhell, Snap-on, Chervon, Festool, Dongcheng, C. & E. Fein, Positec, Jinding Electric, KEN, Emerson, China Boda.
The li-ion battery power tool market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Li-ion Battery Power Tool Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Li-ion Battery Power Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Li-ion Battery Power Tool Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Li-ion Battery Power Tool Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Li-ion Battery Power Tool Market Size & Forecast, 2018-2028
4.5.1 Li-ion Battery Power Tool Market Size and Y-o-Y Growth
4.5.2 Li-ion Battery Power Tool Market Absolute $ Opportunity
Chapter 5 Global Li-ion Battery Power Tool Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Li-ion Battery Power Tool Market Size Forecast by Type
5.2.1 Drill
5.2.2 Saw
5.2.3 Wrench
5.2.4 Screwdriver
5.2.5 Grinder
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Li-ion Battery Power Tool Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Li-ion Battery Power Tool Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Li-ion Battery Power Tool Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Li-ion Battery Power Tool Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Li-ion Battery Power Tool Analysis and Forecast
9.1 Introduction
9.2 North America Li-ion Battery Power Tool Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Li-ion Battery Power Tool Market Size Forecast by Type
9.6.1 Drill
9.6.2 Saw
9.6.3 Wrench
9.6.4 Screwdriver
9.6.5 Grinder
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Li-ion Battery Power Tool Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Li-ion Battery Power Tool Analysis and Forecast
10.1 Introduction
10.2 Europe Li-ion Battery Power Tool Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Li-ion Battery Power Tool Market Size Forecast by Type
10.6.1 Drill
10.6.2 Saw
10.6.3 Wrench
10.6.4 Screwdriver
10.6.5 Grinder
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Li-ion Battery Power Tool Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Li-ion Battery Power Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Li-ion Battery Power Tool Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Li-ion Battery Power Tool Market Size Forecast by Type
11.6.1 Drill
11.6.2 Saw
11.6.3 Wrench
11.6.4 Screwdriver
11.6.5 Grinder
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Li-ion Battery Power Tool Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Li-ion Battery Power Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America Li-ion Battery Power Tool Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Li-ion Battery Power Tool Market Size Forecast by Type
12.6.1 Drill
12.6.2 Saw
12.6.3 Wrench
12.6.4 Screwdriver
12.6.5 Grinder
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Li-ion Battery Power Tool Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Li-ion Battery Power Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Li-ion Battery Power Tool Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Li-ion Battery Power Tool Market Size Forecast by Type
13.6.1 Drill
13.6.2 Saw
13.6.3 Wrench
13.6.4 Screwdriver
13.6.5 Grinder
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Li-ion Battery Power Tool Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Li-ion Battery Power Tool Market: Competitive Dashboard
14.2 Global Li-ion Battery Power Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stanley Black & Decker (DeWalt)
14.3.2 Bosch
14.3.3 TTI
14.3.4 Makita
14.3.5 HiKOKI
14.3.6 Hilti
14.3.7 Einhell
14.3.8 Snap-on
14.3.9 Chervon
14.3.10 Festool
14.3.11 Dongcheng
14.3.12 C. & E. Fein
14.3.13 Positec
14.3.14 Jinding Electric
14.3.15 KEN
14.3.16 Emerson
14.3.17 China Boda
