Battery Power Tools Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The battery power tool is a device that is activated by a battery power source. The most communal types of power tools used are hammers, drills, saws, grinders, sanders, screwdrivers, and others. Commercial users extensively use battery power tools for drilling in industries, as they do not need an additional power source for their operation. The rise in the adoption of advanced cordless power tools in the manufacturing area to achieve better efficiency drives the growth of the market.

MARKET DYNAMICS

An increase in demand for battery power tools in the automotive industry, growing demand for affordable and energy-efficient power tools, and a surge in popularity of brushless battery power tools are the prime factors driving the growth of the battery power tool market. However, the decline in the growth of the construction industry and the availability of low-cost alternatives are the major factors that may hamper the battery power tool market. Moreover, advancements of rechargeable batteries are anticipated to create new opportunities for the battery power tools market.

MARKET SCOPE

The "Global Battery Power Tools Market Analysis to 2031" is a specialized and in-depth study of the battery power tools market with a special focus on the global market trend analysis. The report aims to provide an overview of battery power tools market with detailed market segmentation by type, tool, application. The global battery power tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading battery power tools market players and offers key trends and opportunities in the battery power tools market.

MARKET SEGMENTATION

The global battery power tools market is segmented on the basis of type, tool, application. On the basis of type, the market is segmented as brushed motor, brushless motor. On the basis of tool, the market is segmented as drills, saws, lawn mower, impact wrench, others. On the basis of application, the market is segmented as industrial, DIY.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global battery power tools market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The battery power tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting battery power tools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Battery power tools market in these regions.

MARKET PLAYERS

The reports cover key developments in the battery power tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from battery power tools market are anticipated to lucrative growth opportunities in the future with the rising demand for battery power tools market. Below mentioned is the list of few companies engaged in the battery power tools market.

The report also includes the profiles of key battery power tools market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Atlas Copco
- BLACK+DECKER Inc.
- Emerson Electric Co
- Hilti
- Ingersoll-Rand plc
- Koki Holdings Co., Ltd.
- Makita
- Robert Bosch GmbH
- Snap-on Incorporated
- Techtronic Industries (TTI)

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Battery Power Tools Report Scope