Press release
Battery Power Tools Market at a CAGR of 6.9% hits future opportunities by 2030 according to a research report
The battery power tools market includes revenue generated by sales of battery power tools used for drilling, screw driving, chiseling, sanding and other such applications for production, packaging, assembly, and maintenance operations. These tools includes battery operated cordless handheld machine drills, saws, nailers, grinders, impact wrench, and other types of battery power tools.The global battery power tools market size was valued at $20.7 billion in 2020, and is projected to reach $41.2 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030. In 2020, the drills segment dominated the battery power tools market, followed by the others segment.
Avail Sample Report with Industry Insights: www.alliedmarketresearch.com/request-sample/6173
Growing adoption of battery power tools in automotive industry is a major factor that drives the battery power tools market. In addition, introduction of large number of brushless power tools and adoption of affordable and energy-efficient power tools are the factors that are driving the battery power tools market.
However, availability of low cost or more powerful tools hampers the growth of the market. In addition, the rate for new construction in developing countries has decreased, which acts as restraint to the battery power tools market.
In addition, outbreak of COVID-19 has led to halt in construction and manufacturing activities across the globe. Halt in logistic services has led to halt in the packaging industry, which, in turn, hinders the growth of the battery power tools market.
However, industries are gradually getting back on track and vaccine discovery would lead to recovery of the battery power tools market by end of 2021. Further, increase in technological advancements of rechargeable batteries and introduction of dependable Li-ion batteries for operating the power tools are anticipated to boost the battery power tools market growth during the forecast period.
Make an Purchase Inquiry: www.alliedmarketresearch.com/purchasโฆquiry/6173
Segmentation Based On:
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 (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitors Analysis:
The major players profiled in the battery power tools market include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll-Rand PLC, Hitachi Ltd., Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black and Decker, and Techtronic Industries. These major companies in the market have adopted strategies such as business expansion, collaboration, acquisition, and product launch, to offer better products and services to customers in the battery power tools market.
Avail Customization: www.alliedmarketresearch.com/requestโฆation/6173
KEY FINDINGS OF THE STUDY
By motor type, the brushed motor segment was the highest revenue contributor in 2020.
By tool, the drill segment generated the highest revenue in 2020.
By end user, the industrial segment generated the highest revenue in 2020.
โ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐:
Insurance Claims Services Market https://www.alliedmarketresearch.com/insurance-claims-services-market-A09995
Forex Prepaid Cards Market https://www.alliedmarketresearch.com/forex-prepaid-cards-market-A14995
Capital Expenditure Market https://www.alliedmarketresearch.com/capital-expenditure-market-A07601
NFC Payments Market https://www.alliedmarketresearch.com/nfc-payments-market-A08282
Usage-Based Insurance Market https://www.alliedmarketresearch.com/usage-based-insurance-market
Private Equity Market https://www.alliedmarketresearch.com/private-equity-market-A06949
Life Reinsurance Market https://www.alliedmarketresearch.com/life-reinsurance-market-A06698
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Battery Power Tools Market at a CAGR of 6.9% hits future opportunities by 2030 according to a research report here
News-ID: 3771638 • Views: โฆ
More Releases from www.alliedmarketresearch.com
Pet Insurance Market Soars: Projected to Hit $38.3 Billion by 2033 as Demand for โฆ
According to a new report published by Allied Market Research, titled, "Pet Insurance Market, By Policy Coverage (Accident Only, Accident and Illness, and Others), By Animal Type (Dogs, Cats, and Others), and By Sales Channel (Agency, Broker, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". The pet insurance market was valued at $10.10 billion in 2023, and is estimated to reach $38.3 billion by 2033, growing at a CAGRโฆ
Manual Spray Guns Market to Hit $2.6 Billion by 2032 | Key Growth Drivers & Oppo โฆ
Prime determinants of growth
The demand for manual spray guns, which are mostly used for painting consumer durables, has increased because of this need, particularly in developing nations like India, China, and Vietnam. Additionally, there is a greater need for manual spray guns from car manufacturers due to the rising demand for automobiles around the world, particularly in industrialized nations like Europe and North America.
Download PDF Sample Report: www.alliedmarketresearch.com/requestโฆple/111362
Due toโฆ
Hygienic Cladding Market Poised for Growth: Global Trends & Opportunities 2023-2 โฆ
According to the report, the global hygienic cladding market generated $2.8 billion in 2022, and is anticipated to generate $6 billion by 2032, rising at a CAGR of 8.3% from 2023 to 2032.
Prime Determinants of Growth
The increased awareness & demand for health-related products, the increasing need for safe & healthy environments in healthcare facilities, and hygienic wall cladding's affordability & durability than traditional tiling methods are the factors expected toโฆ
AI in Insurance Market Poised to Reach $45.74 Bn Globally by 2031, Soaring at a โฆ
Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global AI in insurance industry generated $2.74 billion in 2021, and is anticipated to generate $45.74 billion by 2031, witnessing a CAGR of 32.5% from 2022 to 2031.
โก๏ธ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/A11615
Higher deployment cost of AI, advanced machine learning, and lack of skilled labor hamper the market growth. On the contrary, surge in government initiativesโฆ
More Releases for Allied
Allied Market Research
The global intraoral scanners market is experiencing rapid growth, with its valuation reaching $969.4 million in 2023 and projected to soar to $2,816.4 million by 2035, growing at an impressive CAGR of 9.3%. This surge is driven by technological advancements, increasing oral health awareness, and the growing adoption of intraoral scanners in orthodontics, prosthodontics, and restorative dentistry. With over 3.5 billion people affected by oral diseases worldwide, the demand forโฆ
Allied Market Research
The global nonwoven fabrics market is experiencing robust growth, driven by increasing demand across various industries, including healthcare, textiles, and automotive. According to a recent report by Allied Market Research, titled "Nonwoven Fabrics Market by Polymer Type, Function, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030", the market generated $38.3 billion in 2020 and is projected to reach $68.1 billion by 2030, growing at a CAGR of 6.0%โฆ
Allied Market Research
According to the report published by Allied Market Research, the global automotive artificial intelligence (AI) market garnered $445.8 million in 2017 and is expected to reach $8.88 billion by 2025, growing at a CAGR of 45.0% from 2018 to 2025. The report provides an extensive analysis of the key segments, changing trends, top-winning strategies, market size & projections, and competitive scenario.
๐๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/4638
๐๐ข๐ฌ๐ญ ๐๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Waymo,
BMW,
Intelโฆ
Allied Market Research
The rise in demand for the industrial internet of things and DNS platforms, the substantial adoption of virtualization by organizations and factors such as bring your own device to reduce operational expenditure are the factors which significantly drives the growth of DDI market. In addition, the implementation of IoT platforms requires a large number of devices, frameworks, and IP services at a large scale. IoT platforms at this scale andโฆ
Global Leather and Allied Products Market | Global Leather and Allied Products I โฆ
The leather and allied products market comprises of sales of leather and allied products by individuals (organizations, sole traders and partnerships) that introduce the leather and allied products. The Leather and allied product producers transmute hides into leather by tanning or preserving and fabricating the leather into the products for final consumption, and/or introduce the similar products from other materials, comprising the products (except apparel) made from "leather substitutes likewiseโฆ
Allied Market Research
"World Castration-Resistant Prostate Cancer (CRPC) Therapeutics - Market Opportunity and Forecast, 2014-2020", the global CRPC therapeutics market would generate a revenue of $9.5 billion by 2020, registering a CAGR of 9.1% from 2015 to 2020. Hormonal therapy segment spearheads among all the therapy types, governing around 4/5th of the global market value in 2014 and would sustain its market position throughout 2020.
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/694
The global CPRC therapeuticsโฆ
