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South Korea Battery Power Tools Market by Motor Type Tool Type and Application: Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 152 Pages
  • January 2022
  • Region: South Korea
  • Allied Market Research
  • ID: 5561155
Description Jump to:
The South Korea battery power tools market was valued at $141.1 million in 2020, and is projected to reach $351.2 million by 2030, registering a CAGR of 9.5% from 2021 to 2030. The South Korea battery power tools market was 1,066 thousand units in 2020, and is projected to reach 2,946 thousand units by 2030, registering a CAGR of 10.6% from 2021 to 2030. Battery power tools are mechanical devices, which operates on a battery. These tools include handheld machine drills, saws, nailers, grinders, and impact wrench, which are used for varied applications such as production, packaging, assembly, and maintenance operations, including drilling, screw driving, chiseling, and sanding.



Growth of the battery power tools market is driven by rapid industrialization in developed & developing countries, rise in urbanization, and surge in adoption of battery power tools in the automotive industry. Moreover, demand for power tools increased in d-it-yourself (DIY) techniques among household consumers. Thus, increase in adoption of DIY techniques has in turn led to the market growth, owing to rise in demand for battery-driven cordless tools, changes in lifestyle, and surge in per capita income. However, decline in growth of the construction industry hinders the market growth. On the contrary, advancements in rechargeable batteries is anticipated to offer lucrative growth opportunities for the market.

Key Market Players have developed a diverse range of power tools, owing to increase in their demand in construction and manufacturing industries. Product launch is a prominent strategy adopted by key market players. For instance, in May 2019, Makita Corporation launched 18V X2 LXT brushless 12” dual-bevel sliding compound miter saw with laser and 12” dual-bevel sliding compound miter saw with laser. These devices offer unmatched cutting capacity, space saving design, and innovative technology. These devices are designed for industrial applications to facilitate automatic cutting operation

The South Korea battery power tools market is segmented into motor type, tool, and application. Depending on motor type, the market is divided into brushed and brushless. By tool, it is classified into drills, saws, lawn mower, impact wrench, and others. The others segment includes hammers, grinders, nibblers, polishers, planers, staplers, nailers, and others. The applications covered in the study are industrial and DIY.

COMPETITION ANALYSIS

Key companies profiled in the South Korea battery power tools market report include Aimsak, Andreas Stihl Ag & Co. Kg, Hilti Corporation, Keyang, Koki Holdings Co., Ltd., Makita Corporation, Robert Bosch, Snap-On Incorporated, Stanley Black and Decker, and Techtronic Industries Co. Ltd.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging South Korea battery power tools market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
  • Extensive analysis of the South Korea battery power tools market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The South Korea battery power tools market forecast analysis from 2020 to 2030 is included in the report.
  • The key market players within South Korea battery power tools market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the South Korea battery power tools industry

SOUTH KOREA BATTERY POWER TOOLS MARKET SEGMENTS


By MOTOR TYPE

  • Brushed
  • Brushles

By TOOL TYPE

  • Drills
  • Standard drill
  • Hammer drill
  • Saws
  • Lawn Mower
  • Impact Wrench
  • Angle Grinder
  • Other

By APPLICATION

  • Industrial
  • DI

KEY PLAYERS

  • Aimsak
  • Andreas Stihl Ag & Co. Kg
  • Hilti Corporation
  • Keyang
  • Koki Holdings Co. Ltd.
  • Makita Corporation
  • Robert Bosch
  • Snap-On Incorporated
  • Stanley Black and Decker
  • Techtronic Industries Co. Ltd

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand from the automotive sector
3.4.1.2. Rise in construction and manufacturing industry
3.4.1.3. Rise in popularity of brushless battery power tool
3.4.2. Restraints
3.4.2.1. Fluctuation in price of raw materials
3.4.2.2. Availability of alternative tools
3.4.3. Opportunities
3.4.3.1. Technological advancements in tooling equipment
3.5. COVID-19 Impact Analysis
3.6. South Korea Battery Power Tools Market Share Analysis, 2020
3.6.1. By Motor Type
3.6.1.1. By Brushed Type
3.6.2.2. By Brushless Type
3.6.3. By Tool Type
3.6.3.1. By Drills
3.6.4.2. By Saws
3.6.5.3. By Lawn Mower
3.6.6.4. By Impact wrench
3.6.7.5. By Angle Grinder
3.6.8. By Application
3.6.8.1. By Industrial
3.6.9.2. By DIY
CHAPTER 4: SOUTH KOREA BATTERY POWER TOOLS MARKET, BY MOTOR TYPE
4.1. Overview
4.1.1. Market size and forecast, by motor type
4.2. Brushed
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. Brushless
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
CHAPTER 5: SOUTH KOREA BATTERY POWER TOOLS MARKET, BY TOOL TYPE
5.1. Overview
5.1.1. Market size and forecast, by tool type
5.2. Drills
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market size and forecast, by drills
5.3. Saws
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4. Lawn mower
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.5. Impact Wrench
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.6. Angle Grinder
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.7. Others
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
CHAPTER 6: SOUTH KOREA BATTERY POWER TOOLS MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast, by application
6.2. Industrial
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.3. DIY
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
CHAPTER 7: COMPANY PROFILES
7.1. AIMSAK POWER TOOLS
7.1.1. Company overview
7.1.2. Key executive
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. Key strategic moves and developments
7.2. ANDREAS STIHL AG & CO. KG
7.2.1. Company overview
7.2.2. Key executive
7.2.3. Company snapshot
7.2.4. Operating business segments
7.2.5. Product portfolio
7.2.6. Business performance
7.3. HAESUNG INDUSTRIAL CO., LTD. (KEYANG)
7.3.1. Company overview
7.3.2. Key executive
7.3.3. Company snapshot
7.3.4. Operating business segments
7.3.5. Product portfolio
7.3.6. Business performance
7.4. HILTI CORPORATION
7.4.1. Company overview
7.4.2. Key executives
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.4.6. Research and development expenses
7.4.7. Business performance
7.4.8. Key strategic moves and developments
7.5. KOKI HOLDINGS CO. LTD.
7.5.1. Company overview
7.5.2. Key executives
7.5.3. Company snapshot
7.5.4. Operating business segments
7.5.5. Product portfolio
7.6. MAKITA CORPORATION
7.6.1. Company overview
7.6.2. Key executives
7.6.3. Company snapshot
7.6.4. Operating business segments
7.6.5. Product portfolio
7.6.6. Research and development expenses
7.6.7. Business performance
7.6.8. Key strategic moves and developments
7.7. ROBERT BOSCH GMBH
7.7.1. Company overview
7.7.2. Key executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. Research and development expenses
7.7.7. Business performance
7.7.8. Key strategic moves and developments
7.8. SNAP-ON INCORPORATED
7.8.1. Company overview
7.8.2. Key executives
7.8.3. Company snapshot
7.8.4. Operating business segments
7.8.5. Product portfolio
7.8.6. Research and development expenses
7.8.7. Business performance
7.8.8. Key strategic moves and development
7.9. STANLEY BLACK & DECKER, INC.
7.9.1. Company overview
7.9.2. Key executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. Research and development expenses
7.9.7. Business performance
7.9.8. Key strategic moves and developments
7.10. TECHTRONIC INDUSTRIES CO. LTD.
7.10.1. Company overview
7.10.2. Key executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. Research and development expenses
7.10.7. Business performance
List of Tables
TABLE 01. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY MOTOR TYPE, 2020–2030 ($MILLION)
TABLE 02. SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY MOTOR TYPE, 2020–2030 (THOUSAND UNITS)
TABLE 03. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY TOOL TYPE, 2020–2030 ($MILLION)
TABLE 04. SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY TOOL TYPE, 2020–2030 (THOUSAND UNITS)
TABLE 05. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY DRILLS, 2020–2030 ($MILLION)
TABLE 06. SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY DRILLS, 2020–2030 (THOUSAND UNITS)
TABLE 07. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 08. SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY APPLICATION, 2020–2030 (THOUSAND UNITS)
TABLE 09. AIMSAK POWER TOOLS.: KEY EXECUTIVE
TABLE 10. AIMSAK POWER TOOLS.: COMPANY SNAPSHOT
TABLE 11. AIMSAK POWER TOOLS.: OPERATING SEGMENTS
TABLE 12. AIMSAK POWER TOOLS: PRODUCT PORTFOLIO
TABLE 13. ANDREAS STIHL AG & CO. KG.: KEY EXECUTIVE
TABLE 14. ANDREAS STIHL AG & CO. KG.: COMPANY SNAPSHOT
TABLE 15. ANDREAS STIHL AG & CO. KG.: OPERATING SEGMENTS
TABLE 16. ANDREAS STIHL AG & CO. KG: PRODUCT PORTFOLIO
TABLE 17. HAESUNG INDUSTRIAL CO. LTD.: KEY EXECUTIVE
TABLE 18. HAESUNG INDUSTRIAL CO. LTD.: COMPANY SNAPSHOT
TABLE 19. HAESUNG INDUSTRIAL CO. LTD.: OPERATING SEGMENTS
TABLE 20. HAESUNG INDUSTRIAL CO. LTD: PRODUCT PORTFOLIO
TABLE 21. KEY EXECUTIVES: HILTI CORPORATION
TABLE 22. HILTI CORPORATION: COMPANY SNAPSHOT
TABLE 23. HILTI CORPORATION: OPERATING SEGMENTS
TABLE 24. HILTI CORPORATION: PRODUCT PORTFOLIO
TABLE 25. KEY EXECUTIVES: KOKI HOLDINGS CO., LTD.
TABLE 26. KOKI HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 27. KOKI HOLDINGS CO., LTD.: OPERATING SEGMENTS
TABLE 28. KOKI HOLDINGS CO., LTD.: PRODUCT PORTFOLIO
TABLE 29. KEY EXECUTIVES: MAKITA CORPORATION
TABLE 30. MAKITA CORPORATION: COMPANY SNAPSHOT
TABLE 31. MAKITA CORPORATION: OPERATING SEGMENTS
TABLE 32. MAKITA CORPORATION: PRODUCT PORTFOLIO
TABLE 33. KEY EXECUTIVES: ROBERT BOSCH GMBH
TABLE 34. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 35. ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 36. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 37. KEY EXECUTIVES: SNAP-ON INCORPORATED
TABLE 38. SNAP-ON INCORPORATED: COMPANY SNAPSHOT
TABLE 39. SNAP-ON INCORPORATED: OPERATING SEGMENTS
TABLE 40. SNAP-ON INCORPORATED: PRODUCT PORTFOLIO
TABLE 41. KEY EXECUTIVES: STANLEY BLACK & DECKER, INC
TABLE 42. STANLEY BLACK & DECKER, INC: COMPANY SNAPSHOT
TABLE 43. STANLEY BLACK & DECKER, INC: OPERATING SEGMENTS
TABLE 44. STANLEY BLACK & DECKER, INC: PRODUCT PORTFOLIO
TABLE 45. KEY EXECUTIVES: TECHTRONIC INDUSTRIES CO. LTD
TABLE 46. TECHTRONIC INDUSTRIES CO. LTD: COMPANY SNAPSHOT
TABLE 47. TECHTRONIC INDUSTRIES CO. LTD.: OPERATING SEGMENTS
TABLE 48. TECHTRONIC INDUSTRIES CO. LTD: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. TOP WINNING STRATEGIES, BY YEAR, 2019–2021
FIGURE 05. TOP WINNING STRATEGIES, BY COMPANY, 2019–2021
FIGURE 06. LOW TO MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 11. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY BRUSHED TYPE
FIGURE 12. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY BRUSHLESS TYPE
FIGURE 13. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY DRILLS
FIGURE 14. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY SAWS
FIGURE 15. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY LAWN MOWER
FIGURE 16. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY IMPACT WRENCH
FIGURE 17. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY ANGLE GRINDER
FIGURE 18. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY INDUSTRIAL
FIGURE 19. SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY DIY
FIGURE 20. SOUTH KOREA BATTERY POWER TOOLS MARKET, BY MOTOR TYPE, 2020–2030 (%)
FIGURE 21. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR BRUSHED, 2020–2030 ($MILLION)
FIGURE 22. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR BRUSHLESS, 2020–2030 ($MILLION)
FIGURE 23. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY TOOL TYPE, 2020–2030 (%)
FIGURE 24. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR DRILLS, 2020–2030 ($MILLION)
FIGURE 25. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR SAWS, 2020–2030 ($MILLION)
FIGURE 26. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR LAWN MOWER, 2020–2030 ($MILLION)
FIGURE 27. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR IMPACT WRENCH, 2020–2030 ($MILLION)
FIGURE 28. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR ANGLE GRINDER, 2020–2030 ($MILLION)
FIGURE 29. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR OTHERS, 2020–2030 ($MILLION)
FIGURE 30. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY APPLICATION, 2020–2030 (%)
FIGURE 31. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR INDUSTRIAL, 2020–2030 ($MILLION)
FIGURE 32. SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR DIY, 2020–2030 ($MILLION)
FIGURE 33. ANDREAS STIHL AG & CO. KG: REVENUE, 2018–2020 ($MILLION)
FIGURE 34. ANDREAS STIHL AG & CO. KG: REVENU.S.ARE BY REGION, 2020 (%)
FIGURE 35. HAESUNG INDUSTRIAL CO. LTD: REVENUE, 2018–2020 ($MILLION)
FIGURE 37. HILTI CORPORATION: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 38. HILTI CORPORATION: REVENUE, 2018–2020($MILLION)
FIGURE 39. HILTI CORPORATION: REVENU.S.ARE BY SEGMENT, 2020(%)
FIGURE 40. HILTI CORPORATION: REVENU.S.ARE BY REGION, 2020(%)
FIGURE 41. MAKITA CORPORATION: RESEARCH AND DEVELOPMENT EXPENSES, 2019–2021($MILLION)
FIGURE 42. MAKITA CORPORATION: REVENUE, 2019–2021 ($MILLION)
FIGURE 43. MAKITA CORPORATION: REVENU.S.ARE BY SEGMENT, 2021(%)
FIGURE 44. MAKITA CORPORATION: REVENU.S.ARE BY REGION, 2021(%)
FIGURE 45. ROBERT BOSCH GMBH: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 46. ROBERT BOSCH GMBH: REVENUE, 2018–2020($MILLION)
FIGURE 47. ROBERT BOSCH GMBH: REVENU.S.ARE BY SEGMENT, 2020(%)
FIGURE 48. ROBERT BOSCH GMBH: REVENU.S.ARE BY REGION, 2020(%)
FIGURE 49. SNAP-ON INCORPORATED: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 50. SNAP-ON INCORPORATED: REVENUE, 2018–2020($MILLION)
FIGURE 51. SNAP-ON INCORPORATED: REVENU.S.ARE BY SEGMENT, 2020(%)
FIGURE 52. SNAP-ON INCORPORATED: REVENU.S.ARE BY REGION, 2020(%)
FIGURE 53. STANLEY BLACK & DECKER, INC: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 54. STANLEY BLACK & DECKER, INC: REVENUE, 2018–2020($MILLION)
FIGURE 55. STANLEY BLACK & DECKER, INC: REVENU.S.ARE BY SEGMENT, 2020(%)
FIGURE 56. STANLEY BLACK & DECKER, INC: REVENU.S.ARE BY REGION, 2020(%)
FIGURE 57. TECHTRONIC INDUSTRIES CO. LTD: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 58. TECHTRONIC INDUSTRIES CO. LTD: REVENUE, 2018–2020($MILLION)
FIGURE 59. TECHTRONIC INDUSTRIES CO. LTD: REVENU.S.ARE BY SEGMENT, 2020(%)
FIGURE 60. TECHTRONIC INDUSTRIES CO. LTD: REVENU.S.ARE BY REGION, 2020(%)

Companies Mentioned

  • Aimsak
  • Andreas Stihl Ag & Co. Kg
  • Hilti Corporation
  • Keyang
  • Koki Holdings Co., Ltd.
  • Makita Corporation
  • Robert Bosch
  • Snap-On Incorporated
  • Stanley Black and Decker
  • Techtronic Industries Co. Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages152
PublishedJanuary 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 141.1 million
Forecasted Market Value ( USD ) by 2030 $ 351.2 million
Compound Annual Growth Rate9.5%
Regions CoveredSouth Korea
No. of Companies Mentioned10

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