세계의 전동 공구용 배터리 시장 예측(-2030년) : 배터리 유형별, 공구 유형별, 전압 범위별, 판매 채널별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Power Tool Battery Market is accounted for $2.82 billion in 2024 and is expected to reach $5.73 billion by 2030 growing at a CAGR of 10.3% during the forecast period. A power tool battery is a rechargeable energy storage device used to power cordless tools, eliminating the need for direct electrical connections. They providing varying degrees of energy density, longevity, and charging speeds. Power tool batteries are designed to deliver consistent voltage, ensuring reliable tool performance during tasks such as drilling, cutting, and fastening. Their modular design allows for easy swapping between compatible tools, enhancing productivity and flexibility in both professional and DIY settings.

According to research conducted by BloombergNEF (BNEF), the cost of lithium-ion battery packs has notably decreased by 14%, reaching a historic low of USD 139 per kilowatt-hour (kWh).

Market Dynamics:

Driver:

Increased demand for cordless tools

As consumers and professionals prefer cordless tools for their convenience, flexibility, and ease of use, the demand for advanced power tool batteries rises. These batteries, particularly lithium-ion types, offer longer runtimes, faster charging, and improved performance, aligning with the needs of modern cordless tools. This growing preference for cordless solutions spurs innovations in battery technology, expands market opportunities, and boosts overall sales and investments in the power tool battery sector.

Restraint:

Battery degradation

Battery degradation in power tool batteries occurs due to repeated charge and discharge cycles, leading to reduced capacity and performance over time. Factors such as temperature extremes, improper charging and age contribute to this degradation. As batteries lose their effectiveness, users may face shorter runtimes and longer charging times, impacting tool performance. This can result in increased replacement costs and decreased satisfaction, hampering market growth.

Opportunity:

Rising DIY projects

Rising DIY projects increases demand for freestyle tools, which rely on efficient, rechargeable batteries. More individuals engaging in home improvement, repairs, and creative projects drive the need for portable and convenient power tools. This trend boosts sales of battery-powered drills, saws, and other tools. Enhanced battery technologies, such as lithium-ion, offer longer runtimes and faster charging, further driving consumer interest. The surge in DIY activities promotes frequent use of power tools, stimulating continuous market growth and innovation in battery solutions.

Threat:

Recycling and disposal challenges

Recycling and disposal challenges in power tool batteries arise from the complex materials and hazardous substances, such as lithium and heavy metals, which require specialized processing to prevent environmental harm. Inefficient recycling systems and lack of infrastructure can lead to improper disposal, increasing environmental risks and regulatory scrutiny. These issues hamper market growth by raising costs for manufacturers and consumers, creating barriers to adoption.

Covid-19 Impact

The covid-19 pandemic significantly impacted the power tool battery market, initially causing supply chain disruptions, production delays, and reduced demand due to lockdowns and paused construction activities. However, as remote work and DIY projects surged during home confinement, there was a marked increase in demand for cordless tools, boosting battery sales. Post-pandemic recovery, along with the resurgence of construction and industrial sectors, further revitalized market growth. The shift toward e-commerce also strengthened sales channels for power tool batteries.

The drills segment is expected to be the largest during the forecast period

The drills segment is projected to account for the largest market share during the projection period. Drill power tool batteries are essential for cordless drills, providing the necessary energy to perform tasks like drilling holes and driving screws without the limitations of cords. These batteries offer high energy density, long runtimes, and fast charging capabilities. Their portability and convenience make them a popular choice for both professional trade people and DIY enthusiasts.

The household use segment is expected to have the highest CAGR during the forecast period

The household use segment is anticipated to witness the highest CAGR during the forecast period. Power tool batteries in household use applications enable the operation of various cordless tools like drills, saws, and impact drivers, offering convenience and portability for DIY projects and home maintenance. Their lightweight design and rechargeable nature make them ideal for tasks such as assembling furniture, gardening, and minor repairs, enhancing the ease and efficiency of home improvement activities.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period driven by expanding construction, automotive, and manufacturing sectors in countries like China, India, and Japan. Increasing urbanization and infrastructure development have heightened demand for cordless power tools, which rely on efficient battery systems. The rise in DIY activities and home improvement projects further boosts the market. Additionally, advancements in lithium-ion battery technology, coupled with government initiatives supporting industrial growth and sustainability, have accelerated the adoption of energy-efficient cordless power tools across the region.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, owing to strong demand from the construction, automotive, and manufacturing industries. The region's emphasis on technological innovation and the increasing popularity of cordless power tools drive growth, supported by advancements in lithium-ion battery technology. Additionally, the region's focus on sustainability and energy efficiency enhances the appeal of rechargeable, high-performance batteries, fostering further development and adoption in the power tool sector.

Key players in the market

Some of the key players profiled in the Power Tool Battery Market include Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker Inc., Emerson Electric Corporation, Hitachi Power Tools, Panasonic Corporation, Techtronic Industries Corporation, Festool GmbH, Hilti Group, Metabo, Chervon Group, Kobalt, Greenworks Tools, Einhell Germany AG and Titan Power Tools.

Key Developments:

In August 2024, TITAN Power Tools made a significant entry into the U.S. market with the launch of their advanced TITAN Power Tool Batteries. These batteries are designed to cater to a wide range of power tools, delivering high-performance and extended runtime for professional users and DIY enthusiasts alike. The new TITAN batteries feature lithium-ion technology, ensuring superior energy density and longer battery life, while providing faster charging times compared to traditional batteries.

In January 2024, Bosch is reaffirming its strong commitment to cordless technology by launching over 30 new cordless products, with a particular focus on enhancing productivity in concrete work and overall jobsite efficiency. These new releases are part of Bosch's broader strategy to dominate the cordless power tool market, addressing the growing demand for more powerful, reliable, and flexible tools that can operate without the constraints of cords.

Battery Types Covered:

• Lithium-ion (Li-ion) Batteries
• Nickel Cadmium (Ni-Cd) Batteries
• Nickel Metal Hydride (Ni-MH) Batteries
• Lead Acid Batteries
• Other Battery Types

Tool Types Covered:

• Drills
• Saws
• Grinders
• Sanders
• Lawn & Garden Equipment
• Other Tool Types

Voltage Range Covered:

• Below 12V
• 12V-18V
• Above 18V

Sales Channels Covered:

• Online Retail
• Offline Retail
• Direct Sales

Applications Covered:

• Industrial/Professional Use
• Household Use
• Construction
• Automotive
• Aerospace
• Electronics
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Power Tool Battery Market, By Battery Type

• 5.1 Introduction
• 5.2 Lithium-ion (Li-ion) Batteries
• 5.3 Nickel Cadmium (Ni-Cd) Batteries
• 5.4 Nickel Metal Hydride (Ni-MH) Batteries
• 5.5 Lead Acid Batteries
• 5.6 Other Battery Types

6 Global Power Tool Battery Market, By Tool Type

• 6.1 Introduction
• 6.2 Drills
• 6.3 Saws
• 6.4 Grinders
• 6.5 Sanders
• 6.6 Lawn & Garden Equipment
• 6.7 Other Tool Types

7 Global Power Tool Battery Market, By Voltage Range

• 7.1 Introduction
• 7.2 Below 12V
• 7.3 12V-18V
• 7.4 Above 18V

8 Global Power Tool Battery Market, By Sales Channel

• 8.1 Introduction
• 8.2 Online Retail
• 8.3 Offline Retail
• 8.4 Direct Sales

9 Global Power Tool Battery Market, By Application

• 9.1 Introduction
• 9.2 Industrial/Professional Use
• 9.3 Household Use
• 9.4 Construction
• 9.5 Automotive
• 9.6 Aerospace
• 9.7 Electronics
• 9.8 Other Applications

10 Global Power Tool Battery Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Makita Corporation
• 12.2 Robert Bosch GmbH
• 12.3 Stanley Black & Decker Inc.
• 12.4 Emerson Electric Corporation
• 12.5 Hitachi Power Tools
• 12.6 Panasonic Corporation
• 12.7 Techtronic Industries Corporation
• 12.8 Festool GmbH
• 12.9 Hilti Group
• 12.10 Metabo
• 12.11 Chervon Group
• 12.12 Kobalt
• 12.13 Greenworks Tools
• 12.14 Einhell Germany AG
• 12.15 Titan Power Tools