TownNews.com Content Exchange

NEW YORK, Jan. 5, 2022 /PRNewswire/ -- The "Power Tool Batteries Market - Competitive Analysis, Trends, Drivers, Challenges and Five Force Analysis" report has been added to Technavio's offering. 38% of the market's growth will originate from North America during the forecast period. The US is the key market for power tool batteries market in North America. The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Declining lithium-ion battery prices will facilitate the power tool batteries market growth in North America over the forecast period.

The power tool batteries market is estimated to grow by USD 1.75 billion from 2020 to 2025, growing at a CAGR of 10.73% as per the latest report by Technavio.

For more insights on the power tool batteries market - Download a free sample now!

Market Dynamics

Factors such as the increase in consumer use of power tools & declining lithium-ion battery prices will be crucial in driving the growth of the market. But the high cost of cordless power tool equipment will restrict the market growth. The holistic analysis of the drivers & challenges will help in predicting end goals and refining marketing strategies to gain a competitive edge. The power tool batteries market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.

Company Profiles

The power tool batteries market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The power tool batteries market report provides complete insights on key vendors including Battery Xpress, BYD Co. Ltd., E One Moli Energy Corp., Hitachi Ltd., LG Chem Ltd., Makita Corp., Ryobi Ltd., Samsung SDI Co. Ltd., Sony Corp., and Techtronic Industries Co. Ltd.

Few companies with key offerings

  • Battery Xpress - The company offers various types of power tool batteries which include automotive batteries, laptop batteries, cell phone batteries, Power Wheel batteries, and many more.
  • BYD Co. Ltd. - The company offers MINI ES for power tool batteries.
  • E One Moli Energy Corp. - The company offers power tool batteries under the brand name Molicel.
  • Hitachi Ltd., LG Chem Ltd. - The company offers power tool batteries under the product line EB7M Battery, EB9B Battery, and others.
  • Makita Corp - The company offers advanced automotive batteries under power tool batteries.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Type, the market is classified into Li-ion batteries and nickel batteries.
  • By Geography, the market is classified as North America, Europe, APAC, South America, and MEA. 

Related Reports -

Energy as a Service (EaaS) Market -The energy as a service (EaaS) market has the potential to grow by USD 19.04 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 20.51%. Download a free sample now!

Electricity Retailing Market -The electricity retailing market has the potential to grow by USD 400.20 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 3.05%. Download a free sample now!

Power Tool Batteries Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.73%

Market growth 2021-2025

USD 1.75 billion

Market structure

Fragmented

YoY growth (%)

9.23

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 38%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Battery Xpress, BYD Co. Ltd., E One Moli Energy Corp., Hitachi Ltd., LG Chem Ltd., Makita Corp., Ryobi Ltd., Samsung SDI Co. Ltd., Sony Corp., and Techtronic Industries Co. Ltd.

Market Dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.comWebsite: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/38-of-growth-to-originate-from-north-america-for-power-tool-batteries-market-evolving-opportunities-with-battery-xpress-byd-co-ltd--e-one-moli-energy-corp--17000-technavio-reports-301453627.html

SOURCE Technavio

This article originally ran on curated.tncontentexchange.com.

TownNews.com Content Exchange

Trending Food Videos