Market Overview:
The global power tool battery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into lithium-ion battery, nickel-cadmium battery (NiCad), nickel metal-hydride battery (NiMH) and other batteries. Lithium ion batteries are expected to dominate the global power tool battery market during the forecast period owing to their high energy density and longer life cycle as compared to other types of batteries. On the basis of application, drills/drivers are expected to be one of the fastest growing segments in terms of value during 2018–2030 owing to increase in demand for cordless tools from construction and automotive industries across regions.
Product Definition:
A power tool battery is a type of rechargeable battery that supplies electrical energy to a power tool. Power tool batteries are typically lead-acid batteries, but more and more lithium ion (Li-ion) batteries are being used in power tools because of their high energy density and low weight.
One important use for Li-ion batteries in power tools is as an auxiliary or backup battery. When the main battery in a tool dies, the Li-ion backup battery can be used to run the tool for a short time until it can be recharged.
Lithium-Ion Battery:
Lithium-ion (Li-ion) batteries are commonly used in power tools, electric vehicles, and portable electronics. They are rechargeable batteries that offer a high energy density and low self-discharge rate. Lithium ion is the lightest of all metals; its rapid charging capability makes it ideal for use in portable devices such as smartphones & tablets, digital cameras, laptops & computers.
Ni-Cad Battery:
A Ni-Cad battery is a rechargeable Nickel-Cadmium battery with two terminals. It has a wide range of applications in power tools, cordless phones, portable radios and others. The advantages of this type of batteries are low self-discharge rate and high energy density which make them suitable for usage in electronic devices such as mobiles & tablets.
Application Insights:
The drills/drivers segment led the global power tool battery market in 2017. The segment is expected to register a significant CAGR over the forecast period owing to its rising adoption across construction, automotive and electronics applications. Drills/drivers are used for various operations such as drilling, sanding, driving screws and bolts, etc. These batteries are lightweight and can be carried easily from one place to another which makes them convenient for users.
The saws application segment is also expected to witness considerable growth over the next six years due to increasing demand from woodworking applications including construction sites, residential buildings & offices remodeling projects along with DIY enthusiasts who buy these products on a frequent basis for their home use or small-scale businesses.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing product demand from developing countries such as China and India. Rapid industrialization, growing population, and rising disposable income levels in these regions are expected to drive construction activities across the globe which will further propel product demand in power tools.
The Asia Pacific region accounted for a share of more than 30% of global power tool sales in 2016 on account of rapid industrialization coupled with government initiatives for infrastructure development across various economies including China and India. Growing population along with increasing living standards have resulted into increased consumer spending on household appliances including power tools over the past few years which is likely to boost industry growth during the forecast period.
Growth Factors:
- Increasing demand from construction and automotive sectors
- Growing popularity of cordless power tools
- Rising disposable income of consumers in developing countries
- Technological advancements in battery design and manufacturing processes
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Tool Battery Market Research Report
By Type
Lithium-Ion Battery, Ni-Cad Battery, NiMH Battery, Other
By Application
Drills/Drivers, Saws, Grinders, Rotary Hammers, Others
By Companies
Samsung SDI, LG Chem, Murata, TenPower, Panasonic, Tianjin Lishen Battery, BYD, Johnson Matthey Battery Systems, Toshiba, ALT, Samsung SDI
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Power Tool Battery Market Report Segments:
The global Power Tool Battery market is segmented on the basis of:
Types
Lithium-Ion Battery, Ni-Cad Battery, NiMH Battery, Other
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
Drills/Drivers, Saws, Grinders, Rotary Hammers, Others
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:
- Samsung SDI
- LG Chem
- Murata
- TenPower
- Panasonic
- Tianjin Lishen Battery
- BYD
- Johnson Matthey Battery Systems
- Toshiba
- ALT
- Samsung SDI
Highlights of The Power Tool Battery 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:
- Lithium-Ion Battery
- Ni-Cad Battery
- NiMH Battery
- Other
- By Application:
- Drills/Drivers
- Saws
- Grinders
- Rotary Hammers
- Others
- 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 Power Tool Battery 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 power tool battery is a type of battery used in electric tools.
Some of the major companies in the power tool battery market are Samsung SDI, LG Chem, Murata, TenPower, Panasonic, Tianjin Lishen Battery, BYD, Johnson Matthey Battery Systems, Toshiba, ALT, Samsung SDI.
The power tool battery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Tool Battery 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 Power Tool Battery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Power Tool Battery 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 Power Tool Battery 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 Power Tool Battery Market Size & Forecast, 2018-2028 4.5.1 Power Tool Battery Market Size and Y-o-Y Growth 4.5.2 Power Tool Battery Market Absolute $ Opportunity
Chapter 5 Global Power Tool Battery 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 Power Tool Battery Market Size Forecast by Type
5.2.1 Lithium-Ion Battery
5.2.2 Ni-Cad Battery
5.2.3 NiMH Battery
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Tool Battery 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 Power Tool Battery Market Size Forecast by Applications
6.2.1 Drills/Drivers
6.2.2 Saws
6.2.3 Grinders
6.2.4 Rotary Hammers
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Tool Battery 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 Power Tool Battery 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 Power Tool Battery Analysis and Forecast
9.1 Introduction
9.2 North America Power Tool Battery 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 Power Tool Battery Market Size Forecast by Type
9.6.1 Lithium-Ion Battery
9.6.2 Ni-Cad Battery
9.6.3 NiMH Battery
9.6.4 Other
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 Power Tool Battery Market Size Forecast by Applications
9.10.1 Drills/Drivers
9.10.2 Saws
9.10.3 Grinders
9.10.4 Rotary Hammers
9.10.5 Others
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 Power Tool Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Power Tool Battery 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 Power Tool Battery Market Size Forecast by Type
10.6.1 Lithium-Ion Battery
10.6.2 Ni-Cad Battery
10.6.3 NiMH Battery
10.6.4 Other
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 Power Tool Battery Market Size Forecast by Applications
10.10.1 Drills/Drivers
10.10.2 Saws
10.10.3 Grinders
10.10.4 Rotary Hammers
10.10.5 Others
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 Power Tool Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Tool Battery 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 Power Tool Battery Market Size Forecast by Type
11.6.1 Lithium-Ion Battery
11.6.2 Ni-Cad Battery
11.6.3 NiMH Battery
11.6.4 Other
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 Power Tool Battery Market Size Forecast by Applications
11.10.1 Drills/Drivers
11.10.2 Saws
11.10.3 Grinders
11.10.4 Rotary Hammers
11.10.5 Others
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 Power Tool Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Tool Battery 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 Power Tool Battery Market Size Forecast by Type
12.6.1 Lithium-Ion Battery
12.6.2 Ni-Cad Battery
12.6.3 NiMH Battery
12.6.4 Other
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 Power Tool Battery Market Size Forecast by Applications
12.10.1 Drills/Drivers
12.10.2 Saws
12.10.3 Grinders
12.10.4 Rotary Hammers
12.10.5 Others
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) Power Tool Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Tool Battery 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) Power Tool Battery Market Size Forecast by Type
13.6.1 Lithium-Ion Battery
13.6.2 Ni-Cad Battery
13.6.3 NiMH Battery
13.6.4 Other
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) Power Tool Battery Market Size Forecast by Applications
13.10.1 Drills/Drivers
13.10.2 Saws
13.10.3 Grinders
13.10.4 Rotary Hammers
13.10.5 Others
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 Power Tool Battery Market: Competitive Dashboard
14.2 Global Power Tool Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung SDI
14.3.2 LG Chem
14.3.3 Murata
14.3.4 TenPower
14.3.5 Panasonic
14.3.6 Tianjin Lishen Battery
14.3.7 BYD
14.3.8 Johnson Matthey Battery Systems
14.3.9 Toshiba
14.3.10 ALT
14.3.11 Samsung SDI