AP NEWS
Press release content from BusinessWire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from BusinessWire
Press release content from BusinessWire. The AP news staff was not involved in its creation.

Global Power Drill Market 2019-2023: Increasing Shift from Ni-Cd to Li-ion Battery Chemistry - ResearchAndMarkets.com

January 31, 2019

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.

Market Overview

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.

Competitive Landscape

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 SIZING

Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Market 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 TECHNOLOGY

Market segmentation by technology Comparison by technology Cordless power drills Corded power drills Market opportunity by technology

PART 09: GEOGRAPHIC LANDSCAPE

Key leading countries Market opportunity

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

Advent of cordless power drills Introduction of multifunctional power drills Increasing shift from Ni-Cd to Li-ion battery chemistry

PART 12: VENDOR LANDSCAPE

Landscape disruption Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors 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/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Hand Tools

KEYWORD:

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

http://www.businesswire.com/news/home/20190131005353/en