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Global battery power tools market size to touch USD 40.4 billion by 2027

In the latest ‘global battery power tools market’ report, key trends are plotted at a micro and macro level to help stakeholders easily comprehend the behavior of this industry vertical during 2021-2027.

Selbyville, Delaware, June 15, 2021 (GLOBE NEWSWIRE) -- According to expert analysts, worldwide battery power tools market size was valued USD 29.5 billion in 2020 and is set to register an appreciable CAGR of 4.6% throughout 2021-2027, subsequently reaching a valuation of USD 40.4 billion by the forecast period end.

Moreover, the research literature attempts to impart a better understanding of the overall market size by classifying it into various sub-markets including technology type and geographical landscape. These segments are studied at a granular level in terms of their industry share and growth potential. Proceeding further, the document evaluates the competitive scenario through detailed business profiles consisting of important data points like product portfolio, production capacities, and geographical presence among others.

Rising adoption of battery power tools in automotive, manufacturing, and construction industries is supporting the market development. Growing utilization of these tools by both professional and private users owing to increased availability of training resources is further enhancing business landscape. In fact, DIY-focused customers can receive training and user guidance from online platforms such YouTube and OEM websites, which also offer after-sales support.

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Moreover, factors such as low-cost and high energy-efficiency of the products will continue to drive the demand in global battery power tools industry in the upcoming years. Also, the added benefit of lower maintenance cost with the introduction of brushless battery power tools that utilize magnets for their basic operation has augmented the product sales.

On the contrary, volatile raw material prices may hinder the market progression over the stipulated timeframe.

Geographical outlook:

North America, Latin America, Europe, and Asia Pacific are the key contributors to the overall battery power tools market growth. Among these regions, North America currently grabs majority of the industry share and will likely continue to position itself as lucrative growth avenue in the upcoming years. This can be ascribed to proliferating number of construction activities and subsequent surge in demand for power tools in the region.

Meanwhile, Asia Pacific market is touted to grow tremendously in the forthcoming years, with emerging economies like India and China at the forefront, largely attributable to rapid urbanization and industrialization.

Competitive landscape:

Businesses in global power tools market sphere are implementing tactics such as collaboration, acquisition, geographic expansion, and new product development to improve their position in this domain. For instance, Bosch, in April 2019, released the GBH18V-26D rotary hammer which offers an enhanced impact to weight ratio and increased performance in concrete drilling and chipping, weighing at 5.8 lbs (tool only) and outputting an impact energy of 1.9 ft-lbs. Launch of such innovative and convenient products will be a key factor for businesses looking to augment their revenue flow in the upcoming years.

Prominent players operating in this business sphere are Samsung SDI Co., Ryobi Ltd., Panasonic Corp., Makita Corp., Hitachi Ltd., and Robert Bosch GmbH among others.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-battery-power-tools-market-size-research

Global Battery Power Tools Market Technology Type (Revenue, USD Billion, 2018-2027)

  • Nickel-Cadmium

  • Lithium-Ion

  • Others

Global Battery Power Tools Market Geographical Segmentation (Revenue, USD Billion, 2018-2027)

North America

  • United States

  • Canada

Europe

  • United Kingdom

  • Germany

  • Italy

  • France

  • Spain

  • Rest of Europe

Asia Pacific

  • India

  • Japan

  • Australia

  • China

  • South Korea

  • Rest of APAC

Latin America

  • Mexico

  • Brazil

Rest of the World

Global Battery Power Tools Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)

  • Ingersoll Rand Inc.

  • Apex Tool Group

  • Stanley Black & Decker Inc.

  • Sony Group Corp.

  • Samsung SDI Co.

  • Ryobi Ltd.

  • Panasonic Corp.

  • Makita Corp.

  • Hitachi Ltd.

  • Robert Bosch GmbH

Table of Content:

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Battery power tools market, by region, 2019-2027 (USD Billion)

1.2.2. Battery power tools market, by Type, 2019-2027 (USD Billion)

1.2.3. Battery power tools market, by Application, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Femtocell market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Femtocell market Dynamics

3.1. Battery power tools market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing role of femtocells in the continuity of 4G and 5G

3.1.1.2. Demand for heterogeneous networks

3.1.2. Market Restraint

3.1.2.1. Lack of skilled professional across industries

3.1.3. Market Opportunities

3.1.3.1. Increase in need for wireless networks.

Chapter 4. Global Femtocell market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Battery power tools market, by Type

5.1. Market Snapshot

5.2. Global Femtocell market by Type, Performance - Potential Analysis

5.3. Global Femtocell market Estimates & Forecasts by Type 2018-2027 (USD Billion)

5.4. Battery power tools market, Sub Segment Analysis

5.4.1. 2G Femtocell

5.4.2. 3G Femtocell

5.4.3. 4G Femtocell

5.4.4. 5G Femtocell

Chapter 6. Global Battery power tools market, by Application

6.1. Market Snapshot

6.2. Global Femtocell market by Application, Performance - Potential Analysis

6.3. Global Femtocell market Estimates & Forecasts by Application 2018-2027 (USD Billion)

6.4. Battery power tools market, Sub Segment Analysis

6.4.1. Commercial

6.4.2. Residential

Chapter 7. Global Battery power tools market, Regional Analysis

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