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Battery Power Tools Market by Motor Type Tools and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989502
  • Report
  • November 2019
  • Region: Global
  • 374 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Apex Tool Group LLC
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll-Rand plc
  • Koki Holdings
  • Makita Corporation
  • MORE
The global battery power tools market was valued at $22,440.0 million in 2018, and is projected to reach $44,062.0 million by 2026, growing at a CAGR of 8.5% from 2019 to 2026. Battery power tools are mechanical devices, which operate on a battery. These tools include handheld machine drills, saws, nailers, grinders, impact wrench, and others, which are used for varied applications such as production, packaging, assembly, and maintenance operations, including drilling, screw driving, chiseling, and sanding.

The growth of the global 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, the demand for power tools increased in do-it-yourself (DIY) techniques among household consumers. Thus, the increased adoption of DIY techniques has in turn fueled the market growth, due 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 global market.

Key market players have developed a diverse range of power tools due 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 the industrial applications to facilitate automatic cutting operation.

The global battery power tools market is segmented into motor type, tool, application, and region. Depending on motor type, the market is divided into brushed motor and brushless motor. By tool, it is classified into drills, saws, lawn mower, impact wrench, and others. The others segment includes hammers, grinders, nibbler, polishers, planers, staplers, nailers, and others. The applications covered in the study are industrial and DIY. The global battery power tools market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the market throughout the forecast period.

COMPETITION ANALYSIS

The key market players profiled in the report of Battery power tools market include Apex Tool Group, LLC, Atlas Copco, Hilti Corporation, Ingersoll-Rand plc, Koki Holdings, Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black and Decker, and Techtronic Industries.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging battery power tools market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
  • Extensive analysis of the 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 global battery power tools market forecast analysis from 2018 to 2026 is included in the report.
  • Key market players within battery power tools market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the battery power tools industry.
GLOBAL BATTERY POWER TOOLS MARKET SEGMENTS

By Motor Type
  • Brushed Motor
  • Brushless Motor
By TOOL
  • Drills
  • Saws
  • Lawn Mower
  • Impact Wrench
  • Others
BY Application
  • Industrial
  • DIY
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key Players
  • Apex tool group, LLC
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll-Rand Plc
  • Koki Holdings
  • Makita Corporation
  • Robert Bosch GmbH
  • Snap-On Incorporated
  • Stanley Black and Decker
  • Techtronic Industries
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apex Tool Group LLC
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll-Rand plc
  • Koki Holdings
  • Makita Corporation
  • MORE
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. 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 Share Analysis
3.4.1. Volume Analysis, By Company, 2018–2026 (Unit)
3.4.1.1. Corded
3.4.1.2. Battery Powered
3.4.1.3. Brushed Motor
3.4.1.4. Brushless Motor
3.4.1.5. Drills
3.4.1.6. Saws
3.4.1.7. Lawn Mower
3.4.1.8. Impact Wrench
3.4.1.9. Others
3.4.1.10. North America
3.4.1.11. Europe
3.4.1.12. Asia-Pacific
3.4.1.13. LAMEA
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Surge In Adoption Of Battery Power Tools In The Automotive Industry
3.5.1.2. Rise In Popularity Of Brushless Battery Power Tools
3.5.1.3. Upsurge In Demand For Affordable & Energy-Efficient Power Tools
3.5.2. Restraints
3.5.2.1. Availability Of Low Cost Alternative
3.5.2.2. Decline In Growth Of The Construction Industry
3.5.3. Opportunity
3.5.3.1. Advancements Of Rechargeable Batteries
3.6. Electric Power Tools Market, By Type
3.7. Consumer Price Analysis

Chapter 4: Battery Power Tools Market, By Motor Type
4.1. Overview
4.1.1. Market Size And Forecast, By Motor Type
4.2. Brushed Motor
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Brushless Motor
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country

Chapter 5: Battery Power Tools Market, By Tool
5.1. Overview
5.1.1. Market Size And Forecast, By Tool
5.2. Drills
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.2.4. Market Size And Forecast, By Voltage
5.3. Saws
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country
5.3.4. Market Size And Forecast, By Voltage
5.4. Lawn Mower
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
5.4.4. Market Size And Forecast, By Voltage
5.5. Impact Wrench
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis, By Country
5.5.4. Market Size And Forecast, By Voltage
5.6. Others
5.6.1. Key Market Trends, Growth Factors, And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis, By Country
5.6.4. Market Size And Forecast, By Voltage

Chapter 6: 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, By Region
6.2.3. Market Size And Forecast, By Country
6.2.4. Market Size And Forecast, By Sector
6.3. Diy
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country

Chapter 7: Battery Power Tools Market, By Region
7.1. Overview
7.1.1. Market Size And Forecast, By Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Motor Type
7.2.3. Market Size And Forecast, By Tool
7.2.4. Market Size And Forecast, By Application
7.2.5. Market Analysis, By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Motor Type
7.2.5.1.2. Market Size And Forecast, By Tool
7.2.5.1.3. Market Size And Forecast, By Application
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Motor Type
7.2.5.2.2. Market Size And Forecast, By Tool
7.2.5.2.3. Market Size And Forecast, By Application
7.2.5.3. Mexico
7.2.5.3.1. Market Size And Forecast, By Motor Type
7.2.5.3.2. Market Size And Forecast, By Tool
7.2.5.3.3. Market Size And Forecast, By Application
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Motor Type
7.3.3. Market Size And Forecast, By Tool
7.3.4. Market Size And Forecast, By Application
7.3.5. Market Analysis, By Country
7.3.5.1. Germany
7.3.5.1.1. Market Size And Forecast, By Motor Type
7.3.5.1.2. Market Size And Forecast, By Tool
7.3.5.1.3. Market Size And Forecast, By Application
7.3.5.2. UK
7.3.5.2.1. Market Size And Forecast, By Motor Type
7.3.5.2.2. Market Size And Forecast, By Tool
7.3.5.2.3. Market Size And Forecast, By Application
7.3.5.3. France
7.3.5.3.1. Market Size And Forecast, By Motor Type
7.3.5.3.2. Market Size And Forecast, By Tool
7.3.5.3.3. Market Size And Forecast, By Application
7.3.5.4. Russia
7.3.5.4.1. Market Size And Forecast, By Motor Type
7.3.5.4.2. Market Size And Forecast, By Tool
7.3.5.4.3. Market Size And Forecast, By Application
7.3.5.5. Rest Of Europe
7.3.5.5.1. Market Size And Forecast, By Motor Type
7.3.5.5.2. Market Size And Forecast, By Tool
7.3.5.5.3. Market Size And Forecast, By Application
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Motor Type
7.4.3. Market Size And Forecast, By Tool
7.4.4. Market Size And Forecast, By Application
7.4.5. Market Analysis, By Country
7.4.5.1. China
7.4.5.1.1. Market Size And Forecast, By Motor Type
7.4.5.1.2. Market Size And Forecast, By Tool
7.4.5.1.3. Market Size And Forecast, By Application
7.4.5.2. India
7.4.5.2.1. Market Size And Forecast, By Motor Type
7.4.5.2.2. Market Size And Forecast, By Tool
7.4.5.2.3. Market Size And Forecast, By Application
7.4.5.3. Japan
7.4.5.3.1. Market Size And Forecast, By Motor Type
7.4.5.3.2. Market Size And Forecast, By Tool
7.4.5.3.3. Market Size And Forecast, By Application
7.4.5.4. South Korea
7.4.5.4.1. Market Size And Forecast, By Motor Type
7.4.5.4.2. Market Size And Forecast, By Tool
7.4.5.4.3. Market Size And Forecast, By Application
7.4.5.5. Rest Of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Motor Type
7.4.5.5.2. Market Size And Forecast, By Tool
7.4.5.5.3. Market Size And Forecast, By Application
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Motor Type
7.5.3. Market Size And Forecast, By Tool
7.5.4. Market Size And Forecast, By Application
7.5.5. Market Analysis, By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Motor Type
7.5.5.1.2. Market Size And Forecast, By Tool
7.5.5.1.3. Market Size And Forecast, By Application
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast, By Motor Type
7.5.5.2.2. Market Size And Forecast, By Tool
7.5.5.2.3. Market Size And Forecast, By Application
7.5.5.3. Africa
7.5.5.3.1. Market Size And Forecast, By Motor Type
7.5.5.3.2. Market Size And Forecast, By Tool
7.5.5.3.3. Market Size And Forecast, By Application

Chapter 8: Company Profiles
8.1. Apex Tool Group
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Key Strategic Moves And Developments
8.2. Atlas Copco Ab
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Research And Development Expenses
8.2.7. Business Performance
8.3. Hilti Corporation
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Research And Development Expenses
8.3.7. Business Performance
8.3.8. Key Strategic Moves And Developments
8.4. Ingersoll-Rand Plc
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Research And Development Expenses
8.4.7. Business Performance
8.4.8. Key Strategic Moves And Developments
8.5. Koki Holdings Co., Ltd.
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.6. Makita Corporation
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. Research And Development Expenses
8.6.7. Business Performance
8.6.8. Key Strategic Moves And Developments
8.7. Robert Bosch Gmbh
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Research And Development Expenses
8.7.7. Business Performance
8.7.8. Key Strategic Moves And Developments
8.8. Snap-On Incorporated
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Research And Development Expenses
8.8.7. Business Performance
8.9. Stanley Black & Decker, Inc.
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Research And Development Expenses
8.9.7. Business Performance
8.9.8. Key Strategic Moves And Developments
8.10. Techtronic Industries Co. Ltd.
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. Research And Development Expenses
8.10.7. Business Performance

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apex Tool Group LLC
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll-Rand plc
  • Koki Holdings
  • Makita Corporation
  • MORE
According to the report titled, 'Battery Power Tools Market by Motor Type, Tool, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global battery power tools market size was valued at $22.4 billion in 2018, and is projected to reach $44.0 billion by 2026, growing at a CAGR of 8.5% from 2019 to 2026.

The adoption of battery power tools is witnessed to increase due to their high work efficiency achieved through advanced sensors, which are used to analyze and perform tasks with minimal errors. Moreover, these tools have diverse applications in the commercial and industrial sectors. Furthermore, the revenue of the global battery power tools market has increased, owing to rise in trend of automation, enabling enhanced returns on investments and cost optimization. The utilization of these power tools simplifies human work, reduces the burden of repetitive tasks, and decreases the chances of human errors & injury, which further contribute toward the growth of the global market. In addition, surge in adoption of smart technologies and development of durable & highly efficient tools boost the growth of the market. However, decline in growth of the construction industry acts as a major restraining factor of the global battery power tools market.

Conversely, the advent of technologies such as smart and GPS-based wireless battery-operated tools are expected to boost the growth of the global market. The introduction of wireless technology has further augmented the adoption of power tools in various sectors, thereby supplementing the battery power tools market growth. For instance, in February 2019, Apex Tool Group launched CellCore, a new line of cordless assembly tools, through its brand Cleco. It is a smart, durable, and designed to withstand the toughest environments.

Key market players in market have developed affordable, small, compact, and energy-efficient battery power tools to reach a wider customer base. For instance, in May 2017, Hilti Corporation launched cordless rotary hammer TE 6-A36-AVR and the cordless angle grinder AG 600-A36. These include a chiseling feature for light-duty corrective chipping.

Key market players aim to explore new technologies and applications to meet the increasing customer demands. Thus, developmental strategies such as product launch and business expansion are expected to enable them to expand their product portfolios and penetrate into different regions. For instance, in January 2018, Apex Tool Group expanded its product offerings such as assembly systems and tightening solutions globally across multiple industries such as automotive and aerospace through its brand Cleco.

In 2018, North America region dominated the global market, in terms of revenue, accounting for around 36.4% share of the global market, followed by Europe. Depending on motor type, the brushed segment garnered the largest share in overall global battery power tools market in 2018, and is expected to witness significant growth during the forecast period, owing to rise in demand for affordable and energy-efficient power tools

By tool, the drills segment secured the highest share in the battery power tools market in 2018, however, the lawn mower segment is expected to grow at highest CAGR during the forecast period. In terms of application, the DIY segment is expected to contribute the highest share in the coming years, due to advancements in rechargeable batteries.

The major players such as Apex Tool Group and Makita Corporation in global battery power tools industry focus on developing new products to strengthen their foothold in the market. Moreover, these companies expand their business by developing new power tools to sustain the intense competition.

The key market players profiled in the report include Apex Tool Group, LLC, Atlas Copco, Hilti Corporation, Ingersoll-Rand plc, Koki Holdings, Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black and Decker, and Techtronic Industries. Many players have adopted product launch as its key developmental strategy improve its product portfolio. For instance, in March 2019, Makita Corporation launched 18V LXT lithium-ion brushless cordless hedge trimmer and 30” hedge trimmer. Both these devices allow the operator to match and control the speed to the application. Similarly, in June 2019, Robert Bosch GmbH launched its range of cordless power tools such as wireless screwdriver powered by lithium-ion batteries. These power tools boost the working efficiency four times as compared to the existing screwdrivers.

Key Findings of the Battery Power Tools Market:
The report provides an extensive analysis of the current and emerging battery power tools market trends and dynamics.
Depending on motor type, the brushed segment dominated the market, in terms of revenue in 2018 and brushless segment is projected to grow at a CAGR 9.1% during the forecast period.
By tool, the drills segment led the battery power tools market in 2018.
LAMEA is projected to register the highest growth rate in the coming years.
Key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the battery power tools industry.
The report provides an extensive analysis of the market trends and emerging opportunities in the market.
In-depth battery power tools market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
The global battery power tools market forecast analysis from 2018 to 2026 is included in the report.
Note: Product cover images may vary from those shown
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  • Apex Tool Group LLC
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll-Rand plc
  • Koki Holdings
  • Makita Corporation
  • Robert Bosch GmbH
  • Snap-On Incorporated
  • Stanley Black and Decker
  • Techtronic Industries.
Note: Product cover images may vary from those shown
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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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