Battery Power Tools Market Insights By Growth, Emerging Trends And Forecast By 2026 | Top Players Ingersoll-Rand Plc, Apex Tool, LLC, Atlas Copco, Hilti Corporation, Koki

Allied Market Research published a new report, titled, "Battery Power Tools Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Battery Power Tools Market was pegged at $22.44 billion in 2018 and is projected to reach $44.06 billion by 2026, registering a CAGR of 8.5% from 2019 to 2026. Rise in adoption of battery power tools in the automotive industry, surge in popularity of brushless battery power tools, and growing demand for affordable and energy-efficient power tools have boosted the growth of the global battery power tools market. However, the availability of low-cost alternatives and decline in growth of the construction industry hamper the market. On the contrary, advancements of rechargeable batteries are expected to create lucrative opportunities in the near future.

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The brushed segment held the largest share in 2018, accounting for nearly three-fourths of the global battery power tools market, owing to their cost-effectiveness and prolonged service life. However, the brushless segment is projected to register the fastest CAGR of 9.1% during the forecast period, owing to its advantages including less maintenance, long battery life, less heat dissipation, and noiseless operation.

The DIY segment is expected to manifest the fastest CAGR of 8.9% during the study period, due to high labor costs. However, the industrial segment dominated the global battery power tools market in 2018, contributing nearly two-thirds of the market. This is due to significant investments in construction and infrastructural development activities by government.

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The drills segment held the highest share in 2018, accounting for nearly one-third of the global battery power tools market, owing to rise in popularity of cordless drills. On the other hand, the lawn mower segment is expected to manifest the fastest CAGR of 9.9% during the study period, owing to increase in consumer interest in gardening activities, increased usage of lawn mowers equipment to maintain public facilities, and increase in adoption of cordless lawn mowers.

The global battery power tools market across North America held the largest share in 2018, contributing nearly two-fifths of the market, owing to rise in need for home improvement and increase in popularity of DIY trend. However, the market across the LAMEA region is anticipated to register the fastest CAGR of 10.3% during the forecast period, owing to rise in industrialization and growing adoption of industrial and manufacturing applications.

Major market players
• Ingersoll-Rand Plc
• Apex Tool Group, LLC
• Atlas Copco, Hilti Corporation
• Koki Holdings
• Makita Corporation
• Stanley Black and Decker
• Techtronic Industries
• Snap-On Incorporated
• Robert Bosch GmbH

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Key offerings of the report:

o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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