LONDON–(BUSINESS WIRE)–The power tool batteries market is expected to grow by USD 2.39 billion, progressing at a CAGR of almost 11% during the forecast period.
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The increase in consumer use of power tools is one of the major factors propelling the market growth. However, factors such as the high cost for cordless power tool equipment will hamper growth.
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Power Tool Batteries Market: Type Landscape
Based on the type, the Li-ion battery segment led the market in 2019. The growth of the segment can be attributed to the increasing demand for Li-ion batteries from the automobile and consumer electronics industries. The market growth in the segment will be significant over the forecast period.
Power Tool Batteries Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 37% of the market’s overall growth is expected to originate from North America. The growth of the market in North America is driven by factors such as growth in the residential construction sector, the presence of a large number of aircraft manufacturers in the Americas, and the rising global air traffic.
The US and Canada are the key markets for power tool batteries in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South America.
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Companies Covered:
- Battery Xpress
- BYD Co. Ltd.
- E-One Moli Energy Corp.
- Hitachi Ltd.
- LG Chem Ltd.
- Makita Corp.
- Ryobi Ltd.
- Samsung SDI Co. Ltd.
- Sony Corp.
- Techtronic Industries Co. Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Li-ion battery – Market size and forecast 2019-2024
- Nickel battery – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Battery Xpress
- BYD Co. Ltd.
- E-One Moli Energy Corp.
- Hitachi Ltd.
- LG Chem Ltd.
- Makita Corp.
- Ryobi Ltd.
- Samsung SDI Co. Ltd.
- Sony Corp.
- Techtronic Industries Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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