Power Tool Batteries Market
Power Tool Batteries Market Analysis by Lithium-ion, Nickel-cadmium, and Nickel-metal Hydride for Drills, Saws, Lawn Mowers, and Impact Wrenches from 2023 to 2033
Analysis of Power Tool Batteries Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Power Tool Batteries Market Outlook (2023 to 2033)
According to Fact.MR’s newly published industry report, worldwide demand for power tool batteries has reached a market valuation of US$ 2.5 billion in 2023 and is estimated to climb to US$ 6.5 billion by the end of 2033. The global power tool batteries market is predicted to soar at a CAGR of 10% from 2023 to 2033.
Band saws, circular saws, crimpers, hammer drills, impact drivers, and impact wrenches all operate on power tool batteries. These batteries are an addition to the tools since they lessen trip and shock hazards and boost workers' productivity because they are lightweight and portable.
Growing customer preference for cordless power tools, caused by a rise in the need for equipment that is more portable, has been highlighted as the key trend in the market for power tool batteries. Modern battery-powered tools can operate for longer periods between charges, which is creating opportunities in the power tool batteries market.
- Drills are among the most widely utilized power tools in a variety of fields and applications. Due to their versatility and great demand, they are required for drilling holes, driving screws, and securing materials. Additionally, cordless drills' appeal is greatly attributed to their portability.
Users can work in remote regions or places without a power source thanks to the improved flexibility and portability offered by cordless power tool kits. Because of the rising need for cordless power tool options among consumers and professionals, power tool batteries are in high demand.
During the forecast period, factors such as rising battery-powered power tool adoption and the rapidly expanding automotive industry are forecasted to propel the market. The market for power tool batteries is dominated by lithium-ion batteries as a result of rising demand from the automotive sector.
It is predicted that the market will experience significant growth due to key innovations in power tool batteries, increased demand for fastening tools, and the development of smart, linked power tools in the automotive and energy industries. Demand for power tool batteries is rising as a result of the surging popularity of DIY projects and the growing emphasis on sustainability and energy efficiency.
| Report Attributes | Details |
|---|---|
| Power Tool Batteries Market Size (2023) | US$ 2.5 Billion |
| Projected Market Value (2033) | US$ 6.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 10% CAGR |
| Market Share of Lithium-ion Batteries (2023) | 60% |
| Market Share of North America (2023) | 40% |
| Key Companies Profiled | BYD Co. Ltd.; Hitachi, Ltd.; Ryobi Limited; Samsung SDI; Techtronic Industries; Makita Corporation; LG Chem Ltd.; Sony Corporation; Panasonic Holdings Corporation; Hilti Corporation |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the Key Trends Pushing the Sales of Power Tool Batteries?
“High Requirement of Power Tools in Construction Industry”
Power tools are widely used in the construction industry due to the expansion of the sector and the demand for effective instruments for a variety of tasks. Cordless power tools make it easy and efficient to perform fundamental tasks such as cutting, chipping, drilling, hammering, and grinding. As a result, the market is anticipated to develop as power tools become more prevalent in the construction sector.
Construction sector demand has increased as a result of enhanced infrastructure projects, particularly in emerging countries, which has bolstered power tool sales. Power tool use has been encouraged by recent advances in batteries, motors, and other technology, which have increased product efficiency. Along with strong government backing and rising income levels, the construction industry is estimated to rise significantly, which will drive the market for power tool batteries.
“Emergence of Smart and Connected Power Tools”
The Internet of Things and the use of intelligent connected technologies in assembly line operations have led to the connection of every piece of equipment in the factory. Technological advancements and the adoption of smart manufacturing methods have led to the development of smart power tool equipment. Leading tool manufacturers give top importance to the production of smart and connected power tools.
- Milwaukee Tool Corporation recently unveiled ONE-KEY, a digital platform for tools and equipment. Users can customize the torque and speed settings on this cloud-based platform for certain purposes.
“Increasing Focus on Energy Efficiency and Environmental Sustainability”
The market for power tool batteries is also being driven by the rising emphasis on sustainability and energy efficiency. Power tool batteries provide a more efficient and ecologically friendly alternative to conventional corded power tools as sustainability and energy efficiency becomes more crucial factors to consider.
Governments and organizations worldwide are emphasizing energy efficiency and environmental sustainability. Power tool batteries can minimize environmental effects and cut energy usage by doing away with the need for a power cord. Therefore, it is anticipated that demand for power tool batteries would increase as sustainability and energy efficiency become more important.
What are the Major Challenges Faced by Suppliers of Power Tool Batteries?
“Availability of Counterfeit & Low-Quality Products and High Maintenance Cost of Power Tool Batteries”
The cost of raw materials, parts, or finished items can fluctuate, which can result in production halts, delays, inefficiencies, or an inability to market products. The market for power tool batteries can face challenges related to counterfeit and low-quality products. These products, often available at lower prices, cannot meet the safety standards or deliver the expected performance.
Power tools require routine maintenance of their moving parts. They need to be calibrated regularly to operate correctly. Regular maintenance is required for the tools to perform properly. High maintenance costs are restraining the growth of the power tools batteries market. Additionally, the cost of owning power tools rises as a result of the requirement for upkeep and repairs.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How are Emerging Companies Improving their Market Position?
“New Manufacturers Focusing on Cathode and Anode Microstructure Enhancement to Enable Quick Charging”
Manufacturers of cells can now meet the expanding performance, affordability, and safety requirements thanks to innovations in the Li-ion battery production process. New companies are focusing on recent developments to enhance the cathode and anode microstructure to enable quick charging.
- To speed up the charging of high-energy density cells, the Swiss start-up Battrion creates and sells fabrication methods for lithium-ion batteries. The company's proprietary method enhances the negative electrode's microstructure, removing the bottleneck for quick charging by improving on a single stage of industrial battery manufacturing processes.
Why is Demand for Power Tool Batteries Increasing Rapidly in North America?
“High Spending on Consumer Electronics in the Region”
- In 2023, North America is leading the overall market, holding 40% share.
North America is a prominent market for power tool batteries, driven by the presence of a strong construction industry and the adoption of advanced power tools. The demand for high-capacity lithium-ion battery packs is on the rise in the region.
Growing adoption of electric vehicles and rising spending on consumer electronics are driving market growth. The surging need for power tools in the mining and oil and gas sectors is boosting the power tool batteries market share.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Country-wise Insights
How are Sales of Power Tool Batteries Faring in the United States?
“Government Initiatives to Support Adoption of Energy-efficient Power Batteries”
The United States is a mature market for power tool batteries, characterized by a strong presence in manufacturing industries and a focus on energy efficiency. The demand for lightweight and compact power tools powered by high-performance batteries is driven by the residential building sector.
Rising popularity of DIY projects is supporting market expansion. The convenience and ease of use offered by cordless power tools have attracted DIY enthusiasts, leading to an increased demand for power tool batteries. Government initiatives and regulations further support the adoption of energy-efficient power tools and batteries.
What Makes China an Attractive Market for Producers of Power Tool Batteries?
“Rapid Increase in Infrastructure Development Projects”
The market in China is predicted to have positive growth as a result of an increase in infrastructure development projects as well as a migration in the manufacturing base of businesses due to the availability of low-cost labor. Rapid urbanization, high demand for industrial battery chargers, and a rise in automobile sales are the main factors propelling market growth.
Key producers are heavily investing in developing better power tool batteries to increase tool efficiency, therefore product demand is anticipated to rise throughout the projection period. Market expansion is fueled by expanding government initiatives to enhance industrial manufacturing facilities.
Category-wise Insights
Why Do Lithium-ion Power Tool Batteries Account for Higher Sales?
“Lithium-ion Batteries Preferred Due to Their High Energy Density”
Based on type, the market is divided into lithium-ion, nickel-cadmium, nickel-metal hydride, and others.
- Lithium-ion power tool batteries account for 60% share of global revenue.
Innovative battery solutions used in power tools are lithium-ion batteries. Environmentally friendly, lithium-ion batteries are lightweight and have a high energy density. The market is anticipated to be driven by the rising demand from end-user industries, including construction, automotive, and industrial.
Li-ion batteries are rechargeable batteries that come with safety circuits to guard against overheating, are easy to use, have longer run durations, and can be charged in a variety of ways. For portable electronic applications, lithium-ion batteries are widely employed, and cordless power tools have gained popularity.
Power tool power sources such as traditional nickel-cadmium and nickel-metal hydride batteries are quickly replaced by lithium-ion batteries. The increased use of cordless power tools with high-density batteries that can operate for longer without charging is a result of developments in battery technology.
Competitive Landscape
As per this new industry analysis by Fact.MR, a market research and competitive intelligence provider, top manufacturers of power tool batteries are making significant R&D investments to diversify their product offerings, which will spur further market expansion. Important market developments include new product releases, quality control, greater investments, and collaboration with other organizations.
For instance :
- In 2019, modern cordless power tools, including a wireless screwdriver powered by lithium-ion batteries, were introduced by Bosch Power Tools. According to Bosch, these power tools will increase worker convenience for the workforce four times over the use of conventional screwdrivers.
Key Segments of Power Tool Batteries Industry Research
-
By Type:
- Lithium-ion
- Nickel-cadmium
- Nickel-metal Hydride
- Others
-
By Tool :
- Drills
- Saws
- Lawn Mowers
- Impact Wrenches
- Others
-
By Application :
- Residential
- Commercial
- Industrial
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
- 6.1. Lithium-ion
- 6.2. Nickel-cadmium
- 6.3. Nickel-metal Hydride
- 6.4. Others
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Tool
- 7.1. Drills
- 7.2. Saws
- 7.3. Lawn Mowers
- 7.4. Impact Wrenches
- 7.5. Others
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 8.1. Residential
- 8.2. Commercial
- 8.3. Industrial
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. BYD Co. Ltd.
- 17.2. Hitachi, Ltd.
- 17.3. Ryobi Limited
- 17.4. Samsung SDI
- 17.5. Techtronic Industries
- 17.6. Makita Corporation
- 17.7. LG Chem Ltd.
- 17.8. Sony Corporation
- 17.9. Panasonic Holdings Corporation
- 17.10. Hilti Corporation
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 04: Global Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 05: Global Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Type, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Type, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Tool, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Tool, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Tool, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis by Type, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 08: Global Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 09: Global Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Type, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Type, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Type, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Type, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Type, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Type, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Type, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Type, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Tool, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Tool, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Tool, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What valuation does the power tool batteries market enjoy at present?
The global power tool batteries market is valued at US$ 2.5 billion in 2023.
What is the estimated size of the market for power tool batteries for 2033?
Worldwide sales of power tool batteries are set to reach US$ 6.5 billion by 2033.
What is the demand projection for power tool batteries for the decade?
Global demand for power tool batteries is estimated to rise at a CAGR of 10% through 2033.
Which region will offer significant opportunities for producers of power tool batteries?
With 40% share, North America leads the global market for power tool batteries.
What is majorly driving demand for power tool batteries?
Frequent innovations in smart & connected power tools and rapidly growing automotive industry are driving market growth.
Power Tool Batteries Market