Power Tool Batteries Market to grow at a CAGR of 10.91% from 2021 to 2026|A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, and more to emerge as key players -Technavio
Furthermore, the use of portable power tools, which include drilling machines and nail guns, offers various benefits to consumers.
- Furthermore, the use of portable power tools, which include drilling machines and nail guns, offers various benefits to consumers.
- Major Trends- Li-ion batteries replacing NiCd technology in power tool batteries is a major trend in the market.
- Significant Challenges- The high cost of power tool batteries equipment is one of the significant factors restricting market growth.
- The battery technology in power tool batteries is the major reason for the high cost of the power tool.