Growth of the battery power tools market is driven by rapid industrialization in developed & developing countries, rise in urbanization, and surge in adoption of battery power tools in the automotive industry. Moreover, demand for power tools increased in d-it-yourself (DIY) techniques among household consumers. Thus, increase in adoption of DIY techniques has in turn led to the market growth, owing to rise in demand for battery-driven cordless tools, changes in lifestyle, and surge in per capita income. However, decline in growth of the construction industry hinders the market growth. On the contrary, advancements in rechargeable batteries is anticipated to offer lucrative growth opportunities for the market.
Key Market Players have developed a diverse range of power tools, owing to increase in their demand in construction and manufacturing industries. Product launch is a prominent strategy adopted by key market players. For instance, in May 2019, Makita Corporation launched 18V X2 LXT brushless 12” dual-bevel sliding compound miter saw with laser and 12” dual-bevel sliding compound miter saw with laser. These devices offer unmatched cutting capacity, space saving design, and innovative technology. These devices are designed for industrial applications to facilitate automatic cutting operation
The South Korea battery power tools market is segmented into motor type, tool, and application. Depending on motor type, the market is divided into brushed and brushless. By tool, it is classified into drills, saws, lawn mower, impact wrench, and others. The others segment includes hammers, grinders, nibblers, polishers, planers, staplers, nailers, and others. The applications covered in the study are industrial and DIY.
COMPETITION ANALYSIS
Key companies profiled in the South Korea battery power tools market report include Aimsak, Andreas Stihl Ag & Co. Kg, Hilti Corporation, Keyang, Koki Holdings Co., Ltd., Makita Corporation, Robert Bosch, Snap-On Incorporated, Stanley Black and Decker, and Techtronic Industries Co. Ltd.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging South Korea battery power tools market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
- Extensive analysis of the South Korea battery power tools market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The South Korea battery power tools market forecast analysis from 2020 to 2030 is included in the report.
- The key market players within South Korea battery power tools market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the South Korea battery power tools industry
SOUTH KOREA BATTERY POWER TOOLS MARKET SEGMENTS
By MOTOR TYPE
- Brushed
- Brushles
By TOOL TYPE
- Drills
- Standard drill
- Hammer drill
- Saws
- Lawn Mower
- Impact Wrench
- Angle Grinder
- Other
By APPLICATION
- Industrial
- DI
KEY PLAYERS
- Aimsak
- Andreas Stihl Ag & Co. Kg
- Hilti Corporation
- Keyang
- Koki Holdings Co. Ltd.
- Makita Corporation
- Robert Bosch
- Snap-On Incorporated
- Stanley Black and Decker
- Techtronic Industries Co. Ltd
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Companies Mentioned
- Aimsak
- Andreas Stihl Ag & Co. Kg
- Hilti Corporation
- Keyang
- Koki Holdings Co., Ltd.
- Makita Corporation
- Robert Bosch
- Snap-On Incorporated
- Stanley Black and Decker
- Techtronic Industries Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 152 |
Published | January 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 141.1 million |
Forecasted Market Value ( USD | $ 351.2 million |
Compound Annual Growth Rate | 9.5% |
Regions Covered | South Korea |
No. of Companies Mentioned | 10 |