Power Tool Batteries Market to grow at a CAGR of 10.91% from 2021 to 2026|A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, and more to emerge as key players -Technavio

NEW YORK, July 17, 2023 /PRNewswire/ -- The power tool batteries market share is expected to increase by USD 1.95 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.91%, according to Technavio.The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including - A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, Atlas Copco AB, BYD Company Ltd., Coslight International Group Black, E One Moli Energy Corp., GS Yuasa Corp., Hilti Corp., Ingersoll Rand Inc., LG Chem Ltd., Makita USA Inc., Milwaukee Electric Tool Corp., Panasonic Industry Co. Ltd., Renesas Electronics Corp., Robert Bosch Tool Corp., Samsung SDI Co. Ltd., Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and The Husqvarna Group. - Download Sample Report in minutes.

Power Tool Batteries Market Insights -

• Vendors: 15+, Including A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, Atlas Copco AB, BYD Company Ltd., Coslight International Group Black, E One Moli Energy Corp., GS Yuasa Corp., Hilti Corp., Ingersoll Rand Inc., LG Chem Ltd., Makita USA Inc., Milwaukee Electric Tool Corp., Panasonic Industry Co. Ltd., Renesas Electronics Corp., Robert Bosch Tool Corp., Samsung SDI Co. Ltd., Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and The Husqvarna Group, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (Li-ion battery and Nickel battery) and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

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Key Drivers- The increase in consumer use of power tools is one of the key factors driving market growth. This is due to the rise in urbanization and increase in the disposable income globally. High consumer confidence indicators are directly related to higher levels of consumer spending in the market. An increase in the number of residential construction events in the US and Europe is also another factor driving the demand for battery-powered power tools in the consumer segment. Furthermore, the use of portable power tools, which include drilling machines and nail guns, offers various benefits to consumers. There is rapid growth in the number of DIY projects in developing countries which will create a demand for power Tools. Many companies are launching new products to increase their product portfolio. Hence, the above-mentioned factors are expected to drive market growth during the forecast period.

Major Trends- Li-ion batteries replacing NiCd technology in power tool batteries is a major trend in the market. Power tool batteries are preferred over conventional tools due to their various advantages by the end users from individual customers and construction segments. The heavy weight of power tools and the battery discharge rate of NiCd is always an issue for consumers.

Furthermore, the various advantages offered by Li-ion batteries include requiring less than an hour to charge completely and can last for more than an hour in a go, and their lightweight, which helps in better tool handling. The European Union has banned the use of NiCd batteries in power tools because of the toxic properties of cadmium. Hence, these advantages of Li-ion batteries are expected to drive market growth during the forecast period.

Significant Challenges- The high cost of power tool batteries equipment is one of the significant factors restricting market growth. Many manufacturers are adding various features to power tools to increase operational convenience. In addition, these features also provide increased usability, accurate controls, and foolproof technology to eliminate the risks of mishandling high-speed power tools. As a result, with the integration of advanced technologies, the cost of power tools is rising. These power tool batteries are almost 2.5 times more expensive than the conventional power tool. The battery technology in power tool batteries is the major reason for the high cost of the power tool. As a result, Li-ion battery-powered power tools, are losing the market. Hence, these factors are expected to restrict market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The power tool batteries market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Power Tool Batteries Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the power tool batteries market between 2022 and 2026
• Precise estimation of the size of the power tool batteries market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the power tool batteries market across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of power tool batteries market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Li-ion battery - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Li-ion battery - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Li-ion battery - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Li-ion battery - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Li-ion battery - Year-over-year growth 2021-2026 (%)

• 5.4 Nickel battery - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Nickel battery - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Nickel battery - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Nickel battery - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Nickel battery - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type 
• Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026 
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 China - Market size and forecast 2021-2026 
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 A123 Systems LLC
• Exhibit 89: A123 Systems LLC - Overview
• Exhibit 90: A123 Systems LLC - Product / Service
• Exhibit 91: A123 Systems LLC - Key offerings

• 10.4 BYD Company Ltd.
• Exhibit 92: BYD Company Ltd. - Overview
• Exhibit 93: BYD Company Ltd. - Business segments
• Exhibit 94: BYD Company Ltd. - Key offerings
• Exhibit 95: BYD Company Ltd. - Segment focus

• 10.5 E One Moli Energy Corp. 
• Exhibit 96: E One Moli Energy Corp. - Overview
• Exhibit 97: E One Moli Energy Corp. - Product / Service
• Exhibit 98: E One Moli Energy Corp. - Key offerings

• 10.6 LG Chem Ltd.
• Exhibit 99: LG Chem Ltd. - Overview
• Exhibit 100: LG Chem Ltd. - Business segments
• Exhibit 101: LG Chem Ltd. - Key news
• Exhibit 102: LG Chem Ltd. - Key offerings
• Exhibit 103: LG Chem Ltd. - Segment focus

• 10.7 Makita USA Inc.
• Exhibit 104: Makita USA Inc. - Overview
• Exhibit 105: Makita USA Inc. - Product / Service
• Exhibit 106: Makita USA Inc. - Key offerings

• 10.8 Panasonic Industry Co. Ltd. 
• Exhibit 107: Panasonic Industry Co. Ltd. - Overview
• Exhibit 108: Panasonic Industry Co. Ltd. - Product / Service
• Exhibit 109: Panasonic Industry Co. Ltd. - Key offerings

• 10.9 Samsung SDI Co. Ltd.
• Exhibit 110: Samsung SDI Co. Ltd. - Overview
• Exhibit 111: Samsung SDI Co. Ltd. - Business segments
• Exhibit 112: Samsung SDI Co. Ltd. - Key offerings
• Exhibit 113: Samsung SDI Co. Ltd. - Segment focus

• 10.10 Stanley Black and Decker Inc. 
• Exhibit 114: Stanley Black and Decker Inc. - Overview
• Exhibit 115: Stanley Black and Decker Inc. - Business segments
• Exhibit 116: Stanley Black and Decker Inc. - Key news
• Exhibit 117: Stanley Black and Decker Inc. - Key offerings
• Exhibit 118: Stanley Black and Decker Inc. - Segment focus

• 10.11 Techtronic Industries Co. Ltd. 
• Exhibit 119: Techtronic Industries Co. Ltd. - Overview
• Exhibit 120: Techtronic Industries Co. Ltd. - Business segments
• Exhibit 121: Techtronic Industries Co. Ltd. - Key offerings
• Exhibit 122: Techtronic Industries Co. Ltd. - Segment focus

• 10.12 The Husqvarna Group
• Exhibit 123: The Husqvarna Group - Overview
• Exhibit 124: The Husqvarna Group - Business segments
• Exhibit 125: The Husqvarna Group - Key offerings
• Exhibit 126: The Husqvarna Group - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 11.5 List of abbreviations
• Exhibit 133: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and prprovidectionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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