Global Power Drill Market 2019-2023: Increasing Shift from Ni-Cd to Li-ion Battery Chemistry - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 31, 2019--The “Global Power Drill Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The global power drill market is expected to register a CAGR of close to 5% during the forecast period.
The high fuel prices and growing environmental concern among consumers have increased the demand for battery-powered power drilling machines. The technological advancements and low price of lead iron and Li-ion rechargeable batteries have allowed the development of cordless power drills which provide enhanced mobility. Therefore, the increasing innovations in power drills through advanced technologies has been one of the driving factor responsible for power drills market growth.
Increased innovations in power drills through advanced technologies
Advances in technology have enabled them to provide innovative products. Consumers prefer battery- powered products influenced by environmental concerns and high fuel price. Improving performance and advances in battery technologies, including lower prices of lead acid and Li- ion rechargeable battery packs, have enable manufactures to develop cordless power drills to enable mobility.
Uncertain cost of raw material
Fluctuations in raw materials prices and intense competition among the market players are responsible for such uncertainties. Therefore, uncertainty in raw material prices is expected to affect the growth of the power tools market including power drills, during the forecast period, even as manufactures make efforts to provide efficient power drills at affordable prices to sustain in an intensely competitive environment.
The global power drill market is moderately fragmented and the market being in growth phase, the competition among companies is intense.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZINGMarket sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY PRODUCTMarket segmentation by product Comparison by product Hammer and rotary power drills Traditional power drills Impact power drills Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY TECHNOLOGYMarket segmentation by technology Comparison by technology Cordless power drills Corded power drills Market opportunity by technology
PART 09: GEOGRAPHIC LANDSCAPEKey leading countries Market opportunity
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDSAdvent of cordless power drills Introduction of multifunctional power drills Increasing shift from Ni-Cd to Li-ion battery chemistry
PART 12: VENDOR LANDSCAPELandscape disruption Competitive scenario
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Hilti Makita Panasonic Robert Bosch Stanley Black & Decker Techtronic Industries
For more information about this report visit https://www.researchandmarkets.com/research/3zhdtj/global_power?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190131005353/en/
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Related Topics:Hand Tools
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/31/2019 04:59 AM/DISC: 01/31/2019 04:59 AM