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Global Power Tool Batteries Market 2017-2021

Global Power Tool Batteries Market 2017-2021

About Power Tool Batteries

Power tool batteries are used to power cordless devices that are not receiving the power directly from the electric power source. These batteries are rechargeable batteries and provide better efficiency as well as runtime. There are mainly two types of battery used in battery-powered power tools: Li-ion battery and nickel battery. Nickel batteries are the oldest battery in the power tool batteries market; however, Li-ion batteries are witnessing rapid momentum and gaining the market share owing to their numerous advantages offered over nickel batteries, which is discussed in detail in the report.

Technavio’s analysts forecast the global power tool batteries market to grow at a CAGR of 8.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global power tool batteries market for 2017-2021. To calculate the market size, the report considers the new sales of batteries to power tools market and excludes the aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Power Tool Batteries Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • A123 Systems
  • LG Chem
  • Panasonic Industrial Devices & Solutions
  • SAMSUNG SDI
  • Sony
Other prominent vendors
  • 2-Power
  • AEG POWERTOOLS
  • Bosch
  • BYD Company
  • COSLIGHT
  • E-ONE MOLI ENERGY
  • GS Yuasa International
  • Hitachi Power Tools
  • Johnson Matthey Battery Systems
  • MatchBox Instruments
  • TianJin Lishen Battery
  • Valence Technology
Market driver
  • Increase in consumer use of power tools
  • For a full, detailed list, view our report
Market challenge
  • High cost for cordless power tool equipment
  • For a full, detailed list, view our report
Market trend
  • Technological advances in power tool equipment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Power Tool Batteries Market 2017-2021

Technavio recognizes the following companies as the key players in the global power tool batteries market: A123 Systems, LG Chem, Panasonic Industrial Devices & Solutions, SAMSUNG SDI, and Sony

Other Prominent Vendors in the market are: 2-Power, AEG POWERTOOLS, Bosch, BYD Company, COSLIGHT, E-ONE MOLI ENERGY, GS Yuasa International, Hitachi Power Tools, Johnson Matthey Battery Systems, MatchBox Instruments, TianJin Lishen Battery, and Valence Technology.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technological advances in power tool equipment. Many international and regional players exist in the market. The major market players upgrade the technology and register patents to increase the overall proficiency of power tools. For instance, a pocket-sized laser was launched by Bosch in 2015 that can expediently change with user activities. The product has prodigious functionality and range that offers real-time measurements with greater accuracy. Milwaukee Tool launched a digital platform for jobsite tools in 2015”

According to the report, one of the major drivers for this market is Increase in consumer use of power tools. Rise in urbanization and increase in the number of persons earning in one family have led to the upsurge in worldwide disposable income. This urbanization rise has led to the increasing number of people knowing about various consumer products and their benefits. Consumer spending is a substantial economic factor as it generally matches with the total consumer confidence in a nation’s economy. High consumer confidence indicators naturally relate to higher levels of consumer spending in the economic market.

Further, the report states that one of the major factors hindering the growth of this market is High cost for cordless power tool equipment. Power tools are used for easy and efficient movement of goods. To increase operational convenience, power tools come with various capabilities and features. Also, increased usability, accurate controls, and foolproof technology eliminate the risks in mishandling high-speed power tools. However, these features and advanced technology come at a higher cost. This high cost of consumables, coupled with their high maintenance costs, has caused small-scale industries to sidestep from investing in efficient and effective power tools. In addition, high-quality, energy-efficient power tools are very expensive, making them unaffordable for small-scale industries.

Companies Mentioned

A123 Systems, LG Chem, Panasonic Industrial Devices & Solutions, SAMSUNG SDI, Sony, 2-Power, AEG POWERTOOLS, Bosch, BYD Company, COSLIGHT, E-ONE MOLI ENERGY, GS Yuasa International, Hitachi Power Tools, Johnson Matthey Battery Systems, MatchBox Instruments, TianJin Lishen Battery, and Valence Technology.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Global battery market: Overview
    • Technological overview
      • Table Li-ion battery structure
      • Table Supply chain of power tools manufacturing
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global power tool batteries market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by battery
    • Global power tool batteries market by battery
      • Table Global power tool batteries market by battery 2016 and 2021 (%)
      • Table Global power tool batteries market by battery 2016-2021 ($ billions)
    • Global power tool batteries market by Li-ion battery
      • Table Global power tool batteries market by Li-ion battery 2016-2021 ($ billions)
      • Table Li-ion battery major facts
    • Global power tool batteries market by nickel battery
      • Table Global power tool batteries market by nickel battery 2016-2021 ($ billions)
  • Geographical segmentation
    • Global power tool batteries market by geography
      • Table Global power tool batteries market by geography 2016 and 2021 (%)
      • Table Global power tool batteries market by geography 2016-2021 ($ billions)
    • Power tool batteries market in the Americas
      • Table Power tool batteries market in the Americas 2016-2021 ($ billions)
    • Power tool batteries market in APAC
      • Table Power tool batteries market in APAC 2016-2021 ($ billions)
    • Power tool batteries market in EMEA
      • Table Power tool batteries market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global cordless power tools market 2016-2021 ($ billions)
      • Table US power tool demand 2011-2016 (%)
      • Table Indexing of Li-ion battery prices 2010-2017
      • Table Electric car stock (BEV and PHEV) 2012-2016 (thousands)
    • Market challenges
  • Market trends
    • Technological advances in power tool equipment
    • Li-ion batteries replacing NiCd technology in cordless power tools
      • Table Characteristics of different battery technologies in cordless power tools
    • Integration of 3D printing technology
      • Table Global 3D printing market 2016-2021 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • A123 Systems
      • Table A123 Systems: Key products
    • LG Chem
      • Table LG Chem: Key products
    • Panasonic Industrial Devices & Solutions
      • Table Panasonic Industrial Devices & Solutions: Key products
    • SAMSUNG SDI
      • Table SAMSUNG SDI: Key products
    • Sony
      • Table Sony: Business segmentation
      • Table Sony: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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