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Power Tool Batteries Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 120
  • SKU: IRTNTR45819
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The power tool batteries market share is expected to increase by USD 1.95 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.91%.

This power tool batteries market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers power tool batteries market segmentation by type (Li-ion battery and nickel battery) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The power tool batteries market report also offers information on several market vendors, including A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, Atlas Copco AB, BYD Company Ltd., Coslight International Group Black, E One Moli Energy Corp., GS Yuasa Corp., Hilti Corp., Ingersoll Rand Inc., LG Chem Ltd., Makita USA Inc., Milwaukee Electric Tool Corp., Panasonic Industry Co. Ltd., Renesas Electronics Corp., Robert Bosch Tool Corp., Samsung SDI Co. Ltd., Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and The Husqvarna Group among others.

What will the Power Tool Batteries Market Size be During the Forecast Period?

Power Tool Batteries Market Size

Download Report Sample to Unlock the Power Tool Batteries Market Size for the Forecast Period and Other Important Statistics

 

Power Tool Batteries Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in consumer use of power tools is notably driving the power tool batteries market growth, although factors such as the high cost of power tool batteries equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the power tool batteries industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Power Tool Batteries Market Driver

  • The increase in consumer use of power tools is one of the key drivers supporting the power tool batteries market growth.
  • The rise in urbanization and increase in the number of persons earning in one family has led to the upsurge in worldwide disposable income. This urbanization rise has led to an increasing number of people knowing about various consumer products and their benefits. 
  • Consumer spending is a substantial economic factor as it generally matches the total consumer confidence in a nation's economy. High consumer confidence indicators naturally relate to higher levels of consumer spending in the economic market. 
  • Currently, there has been an upsurge in the adoption of power tools in the US and Europe for DIY projects and tasks. 
  • The increase in the number of DIY projects will increase the demand for consumer power tools as well as portable consumer power tools. Also, portable power tools include battery-powered power tools such as drilling machines and nail guns, which, in turn, will drive market growth during the forecast period.

Key Power Tool Batteries Market Trend

  • Li-ion batteries replacing NiCd technology in power tool batteries is one of the key power tool batteries market trends contributing to the market growth.
  • End-users from individual customer and construction segments prefer power tool batteries over conventional tools owing to ergonomic advantages. 
  • NiCd batteries offer 30 minutes of a continuous function on a full charge and take more than two hours to get fully charged, whereas Li-ion batteries require less than an hour to charge completely and can last for more than an hour in a go. 
  • One of the major advantages of Li-ion batteries is their lightweight, which helps in better tool handling.
  • The European Union has banned the use of NiCd batteries in power tools owing to the toxic properties of cadmium. Cadmium is found to be carcinogenic in nature as well as toxic in the aquatic environment. Such nature of cadmium will drive market growth during the forecast period.

Key Power Tool Batteries Market Challenge

  • The high cost of power tool batteries equipment is one of the factors hindering the power tool batteries market growth.
  • Power tools are used for the easy and efficient movement of goods. To increase operational convenience, power tools come with various capabilities and features. However, these features and advanced technology come at a higher cost. 
  •  The high cost of consumables, coupled with their high maintenance costs, has caused small-scale industries to sidestep investing in efficient and effective power tools. In addition, high-quality, energy-efficient power tools are very expensive, making them unaffordable for small-scale industries.
  • Power tool batteries are almost 2.5 times more expensive than handheld power tools. Also, the battery technology in power tool batteries has the major share and decides the price of power tools. Such high costs associated with power tool batteries will hinder the market growth during the forecast period.

This power tool batteries market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global power tool batteries market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the power tool batteries market during the forecast period.

Who are the Major Power Tool Batteries Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A123 Systems LLC
  • AEG Tools
  • ANDREAS STIHL AG and Co. KG
  • Atlas Copco AB
  • BYD Company Ltd.
  • Coslight International Group Black
  • E One Moli Energy Corp.
  • GS Yuasa Corp.
  • Hilti Corp.
  • Ingersoll Rand Inc.
  • LG Chem Ltd.
  • Makita USA Inc.
  • Milwaukee Electric Tool Corp.
  • Panasonic Industry Co. Ltd.
  • Renesas Electronics Corp.
  • Robert Bosch Tool Corp.
  • Samsung SDI Co. Ltd.
  • Snap On Inc.
  • Stanley Black and Decker Inc.
  • Techtronic Industries Co. Ltd.
  • The Husqvarna Group

 

This statistical study of the power tool batteries market encompasses successful business strategies deployed by the key vendors. The power tool batteries market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • A123 Systems LLC - It is a privately held company headquartered in the US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the global power tool batteries market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • A123 Systems LLC - The company offers a power tool battery of Lithium-ion 48V for regenerative braking and low thermal resistance. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The power tool batteries market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Power Tool Batteries Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the power tool batteries market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Power Tool Batteries Market?

Power Tool Batteries Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from North America during the forecast period. The US is the key market for the power tool batteries market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The growth of the aerospace and defense industry will facilitate the power tool batteries market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 compelled businesses to temporarily shut down their operations, which had a negative impact on the regional market. However, the lifting of lockdown restrictions in Q4 2020 and the restoration of supply chains for power tool batteries are expected to propel the market's growth during the forecast period.

What are the Revenue-generating Type Segments in the Power Tool Batteries Market?

Power Tool Batteries Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The power tool batteries market share growth by the Li-ion battery segment will be significant during the forecast period. Li-ion battery technology gained momentum rapidly owing to the various advantages they offer over other battery technologies in the Li-ion battery segment. Moreover, Li-ion batteries are gaining momentum in various industries such as EV and consumer electronics. Owing to such factors, the segment is expected to grow positively in the forecasted period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the power tool batteries market size and actionable market insights on post COVID-19 impact on each segment.

 

Power Tool Batteries Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.91%

Market growth 2022-2026

$ 1.95 billion

Market structure

Fragmented

YoY growth (%)

10.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, Atlas Copco AB, BYD Company Ltd., Coslight International Group Black, E One Moli Energy Corp., GS Yuasa Corp., Hilti Corp., Ingersoll Rand Inc., LG Chem Ltd., Makita USA Inc., Milwaukee Electric Tool Corp., Panasonic Industry Co. Ltd., Renesas Electronics Corp., Robert Bosch Tool Corp., Samsung SDI Co. Ltd., Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., and The Husqvarna Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Power Tool Batteries Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive power tool batteries market growth during the next five years
  • Precise estimation of the power tool batteries market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the power tool batteries industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of power tool batteries market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Li-ion battery - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Li-ion battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Li-ion battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Li-ion battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Li-ion battery - Year-over-year growth 2021-2026 (%)
    • 5.4 Nickel battery - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Nickel battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Nickel battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Nickel battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Nickel battery - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 A123 Systems LLC
              • Exhibit 89: A123 Systems LLC - Overview
              • Exhibit 90: A123 Systems LLC - Product / Service
              • Exhibit 91: A123 Systems LLC - Key offerings
            • 10.4 BYD Company Ltd.
              • Exhibit 92: BYD Company Ltd. - Overview
              • Exhibit 93: BYD Company Ltd. - Business segments
              • Exhibit 94: BYD Company Ltd. - Key offerings
              • Exhibit 95: BYD Company Ltd. - Segment focus
            • 10.5 E One Moli Energy Corp.
              • Exhibit 96: E One Moli Energy Corp. - Overview
              • Exhibit 97: E One Moli Energy Corp. - Product / Service
              • Exhibit 98: E One Moli Energy Corp. - Key offerings
            • 10.6 LG Chem Ltd.
              • Exhibit 99: LG Chem Ltd. - Overview
              • Exhibit 100: LG Chem Ltd. - Business segments
              • Exhibit 101: LG Chem Ltd. - Key news
              • Exhibit 102: LG Chem Ltd. - Key offerings
              • Exhibit 103: LG Chem Ltd. - Segment focus
            • 10.7 Makita USA Inc.
              • Exhibit 104: Makita USA Inc. - Overview
              • Exhibit 105: Makita USA Inc. - Product / Service
              • Exhibit 106: Makita USA Inc. - Key offerings
            • 10.8 Panasonic Industry Co. Ltd.
              • Exhibit 107: Panasonic Industry Co. Ltd. - Overview
              • Exhibit 108: Panasonic Industry Co. Ltd. - Product / Service
              • Exhibit 109: Panasonic Industry Co. Ltd. - Key offerings
            • 10.9 Samsung SDI Co. Ltd.
              • Exhibit 110: Samsung SDI Co. Ltd. - Overview
              • Exhibit 111: Samsung SDI Co. Ltd. - Business segments
              • Exhibit 112: Samsung SDI Co. Ltd. - Key offerings
              • Exhibit 113: Samsung SDI Co. Ltd. - Segment focus
            • 10.10 Stanley Black and Decker Inc.
              • Exhibit 114: Stanley Black and Decker Inc. - Overview
              • Exhibit 115: Stanley Black and Decker Inc. - Business segments
              • Exhibit 116: Stanley Black and Decker Inc. - Key news
              • Exhibit 117: Stanley Black and Decker Inc. - Key offerings
              • Exhibit 118: Stanley Black and Decker Inc. - Segment focus
            • 10.11 Techtronic Industries Co. Ltd.
              • Exhibit 119: Techtronic Industries Co. Ltd. - Overview
              • Exhibit 120: Techtronic Industries Co. Ltd. - Business segments
              • Exhibit 121: Techtronic Industries Co. Ltd. - Key offerings
              • Exhibit 122: Techtronic Industries Co. Ltd. - Segment focus
            • 10.12 The Husqvarna Group
              • Exhibit 123: The Husqvarna Group - Overview
              • Exhibit 124: The Husqvarna Group - Business segments
              • Exhibit 125: The Husqvarna Group - Key offerings
              • Exhibit 126: The Husqvarna Group - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 127: Inclusions checklist
                • Exhibit 128: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Power Tool Batteries Market market growth will increase by $1.95 bn during 2022-2026.
              The power tool batteries market market is expected to grow at a CAGR of 10.91% during 2022-2026.
              Technavio has segmented the power tool batteries market market by type (Li-ion battery and Nickel battery) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, Atlas Copco AB, BYD Company Ltd., Coslight International Group Black, E One Moli Energy Corp., GS Yuasa Corp., Hilti Corp., Ingersoll Rand Inc., LG Chem Ltd., Makita USA Inc., Milwaukee Electric Tool Corp., Panasonic Industry Co. Ltd., Renesas Electronics Corp., Robert Bosch Tool Corp., Samsung SDI Co. Ltd., Snap On Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., The Husqvarna Group are a few of the key vendors in the power tool batteries market market.
              North America will register the highest growth rate of 40% among the other regions. Therefore, the power tool batteries market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the power tool batteries market market growth are:
              • Increase in consumer use of power tools
              • Li-ion batteries replacing NiCd technology in power tool batteries
              The power tool batteries market market vendors should focus on grabbing business opportunities from the li-ion battery segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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