Market Overview:
The global rechargeable power tools market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for cordless power tools, technological advancements in rechargeable power tools, and rising awareness about the benefits of using rechargeable power tools. The global rechargeable power tools market is segmented on the basis of type into nickel cadmium (NiCd), nickel metal hydride (NiMH), lithium ion (Li-Ion), and other types. The Li-Ion segment is expected to grow at a highest CAGR during the forecast period owing to its high energy density, low weight, and long battery life. On the basis of application, the global rechargeable powertools market is segmented into industrial and household applications.
Product Definition:
Rechargeable power tools are battery-powered tools that can be recharged by plugging them into an outlet. They are often used for construction or home improvement projects. Rechargeable power tools are important because they reduce the amount of waste produced by disposable batteries, and they can save money in the long run because batteries last longer than traditional alkaline batteries.
Nickle Cadmium (NiCd):
Nickel cadmium (NiCd) is a rechargeable battery type that has nickel metal hydride as its active material. It was developed in the early 1970s and used for portable batteries. NiCd batteries are now being replaced by lithium-ion technology owing to several benefits offered by the former, such as high power density, low self-discharge rate, and higher charging acceptance of these batteries among equipment manufacturers.
Nickle Metal Hydride (NiMH):
Nickel Metal Hydride (NiMH) is a type of rechargeable battery that has been used in numerous power tools. It offers several advantages over conventional batteries such as high capacity, better efficiency, and longer life span. NiMH batteries are more expensive than conventional ones; however, they offer higher performance and are well worth the price if it comes to performance and longevity.
Application Insights:
The industrial segment dominated the global rechargeable power tools market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in demand for heavy-duty machinery and equipment across construction, automotive and manufacturing sectors worldwide. Moreover, rapid urbanization coupled with a rise in disposable income has led to an increased number of working population globally which is also expected to drive the demand over the forecast period.
The household application segment is expected to witness significant growth during the forecast period owing to increasing consumer awareness regarding usage of energy efficient products especially across developed economies such as U.K., Germany, Japan and U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth in this region is attributed to increasing disposable income, coupled with growing industrialization and urbanization. Furthermore, rising construction activities in developing countries such as China and India are expected to drive the product demand further.
The North American market for rechargeable power tools held a significant share in 2017 owing to high adoption of these products by consumers due mainlyto their ease of use and portability along with favorable government regulations pertaining NiCd/NiMH battery recycling programs across the U.S.
Growth Factors:
- Increasing demand for rechargeable power tools from construction and automotive industries
- Rising popularity of cordless power tools among consumers
- Technological advancements in rechargeable power tool batteries and chargers
- Growing awareness about the benefits of using rechargeable power tools
- Increasing number of online retailers offering discounts on rechargeable power tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Rechargeable Power Tools Market Research Report
By Type
Nickle Cadmium (NiCd), Nickle Metal Hydride (NiMH), Lithium Ion (Li-Ion), Other
By Application
Industrial, Household
By Companies
Apex Tool Group, LLC, Hilti Corporation, Techtronic Industries, Stanley Black and Decker, Robert Bosch GmbH, Koki Holdings, Makita Corporation, Atlas Copco, Hitachi, Milwaukee
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Rechargeable Power Tools Market Report Segments:
The global Rechargeable Power Tools market is segmented on the basis of:
Types
Nickle Cadmium (NiCd), Nickle Metal Hydride (NiMH), Lithium Ion (Li-Ion), 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
Industrial, 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:
- Apex Tool Group, LLC
- Hilti Corporation
- Techtronic Industries
- Stanley Black and Decker
- Robert Bosch GmbH
- Koki Holdings
- Makita Corporation
- Atlas Copco
- Hitachi
- Milwaukee
Highlights of The Rechargeable Power Tools 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:
- Nickle Cadmium (NiCd)
- Nickle Metal Hydride (NiMH)
- Lithium Ion (Li-Ion)
- Other
- By Application:
- Industrial
- 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 Rechargeable Power Tools 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?
Rechargeable power tools are a type of battery-powered tool that can be recharged by plugging them into an electrical outlet. This allows the user to use the tool for extended periods of time without having to worry about running out of battery power.
Some of the major companies in the rechargeable power tools market are Apex Tool Group, LLC, Hilti Corporation, Techtronic Industries, Stanley Black and Decker, Robert Bosch GmbH, Koki Holdings, Makita Corporation, Atlas Copco, Hitachi, Milwaukee.
The rechargeable power tools market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rechargeable Power Tools 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 Rechargeable Power Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rechargeable Power Tools 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 Rechargeable Power Tools 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 Rechargeable Power Tools Market Size & Forecast, 2020-2028
4.5.1 Rechargeable Power Tools Market Size and Y-o-Y Growth
4.5.2 Rechargeable Power Tools Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Nickle Cadmium (NiCd)
5.2.2 Nickle Metal Hydride (NiMH)
5.2.3 Lithium Ion (Li-Ion)
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rechargeable Power Tools 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 Rechargeable Power Tools 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Nickle Cadmium (NiCd)
9.6.2 Nickle Metal Hydride (NiMH)
9.6.3 Lithium Ion (Li-Ion)
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 Market Size Forecast by Applications
9.10.1 Industrial
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Nickle Cadmium (NiCd)
10.6.2 Nickle Metal Hydride (NiMH)
10.6.3 Lithium Ion (Li-Ion)
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 Market Size Forecast by Applications
10.10.1 Industrial
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Nickle Cadmium (NiCd)
11.6.2 Nickle Metal Hydride (NiMH)
11.6.3 Lithium Ion (Li-Ion)
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 Market Size Forecast by Applications
11.10.1 Industrial
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Nickle Cadmium (NiCd)
12.6.2 Nickle Metal Hydride (NiMH)
12.6.3 Lithium Ion (Li-Ion)
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 Market Size Forecast by Applications
12.10.1 Industrial
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Nickle Cadmium (NiCd)
13.6.2 Nickle Metal Hydride (NiMH)
13.6.3 Lithium Ion (Li-Ion)
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) Market Size Forecast by Applications
13.10.1 Industrial
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 Rechargeable Power Tools Market: Competitive Dashboard
14.2 Global Rechargeable Power Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apex Tool Group, LLC
14.3.2 Hilti Corporation
14.3.3 Techtronic Industries
14.3.4 Stanley Black and Decker
14.3.5 Robert Bosch GmbH
14.3.6 Koki Holdings
14.3.7 Makita Corporation
14.3.8 Atlas Copco
14.3.9 Hitachi
14.3.10 Milwaukee
