What is Power Tool Batteries Market Scope?
The power tool batteries market is expected to grow in the future due to growth in the power tools industry. The rising construction and infrastructure development activities and rapidly growing automotive industry boosting the demand for power tool batteries. Lithium-ion batteries are dominating the market.
Power Tool Batteries Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Construction Industry in Emerging Countries
- Increasing Sales of Commercial Vehicles
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Influencing Trends | - High usage of Li-Ion Battery in Power Tools
- Growing Adoption of Cordless Power Tools
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Road Blocks / Challenges | - Fluctuation in the Price of Raw Material
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Gaps & Opportunities | - Growth in Automobile Sector in Developing Countries
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The Power Tool Batteries market study is being classified by Type (Nickel Battery, Li-ion Battery and Others), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from Japanese will contribute to the maximum growth of Global Power Tool Batteries market throughout the predicted period.
A123 Systems (United States), LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), SAMSUNG SDI Co. Ltd. (South Korea), Sony (Japan), GS Yuasa Corporation (Japan), Hitachi, Ltd. (Japan), Johnson Matthey Battery Systems (United Kingdom), Tianjin Lishen Battery Company Limited (China) and BYD Co. Ltd. (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are AEG Powertools (Australia) and E-One Moli Energy Corp. (Taiwan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Power Tool Batteries market by Type, Application and Region.
On the basis of geography, the market of Power Tool Batteries has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In Jan 2018, Cummins Inc. announced the acquisition of Johnson Matthey’s UK automotive battery systems business, a subsidiary of Johnson Matthey that specializes in high-voltage automotive grade battery systems for electric and hybrid vehicles. As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high energy battery materials for commercial heavy-duty applications.
Key Target Audience
Power Tool Batteries Manufacturers, Raw Material Suppliers/ Distributors, Government Body & Associations, End-user Industries and Potential Investors
Power Tool Batteries Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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