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South Korea Battery Power Tools Market

South Korea Battery Power Tools Market by Motor Type (Brushed and Brushless) Tool Type (Drills, Saws, Lawn Mower, Impact Wrench, Angle Grinder, and Other) and Application (Industrial and DIY): Opportunity Analysis and Industry Forecast, 2021–2030

A15173
Pages: 152
Jan 2022 | 241 Views
   
Author(s) : Aadarsh Maurya, Amar Chinchane , Onkar Sumant
Tables: 60
Charts: 60
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COVID-19

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The South Korea battery power tools market size was valued at $141.1 million in 2020, and is projected to reach $351.2 million by 2030, registering a CAGR of 9.5% from 2021 to 2030. The South Korea battery power tools market was 1,066 thousand units in 2020, and is projected to reach 2,946 thousand units by 2030, registering a CAGR of 10.6% from 2021 to 2030. 

The COVID 19 outbreak has affected the growth of the South Korea battery power tools industry owing to the lockdown measure in the countries and delay in production and manufacturing of South Korea battery power tools which are utilized in construction, automotive, and others sectors.

Battery power tools are cordless and battery-operated power tools that can be used for drilling, screw driving, chiseling, and sanding. These tools are utilized in a variety of applications, including manufacturing, packaging, assembling, and maintenance. They have long operating lifespans, as well as a high-capacity, long-lasting battery system that uses very little power usage. In construction and renovations, battery-powered tools are used. Drills, impact tools, and torque wrenches are just a few examples.

South-Korea-Battery-Power-Tools-Market

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Battery power tools are generally utilized as drilling, impact tools, angle grinders, and impact wrenches and are employed in automotive industry. Transmissions, gearboxes, engine cylinder heads, and flywheels are just a few of the parts that are completed with battery power tools. Disk brakes, brake drums, and rotors are all manufactured with angle grinders. As a result, the South Korea battery power tools market will be propelled by the wide range of such applications in vehicle manufacturing. Furthermore, in home improvements task and maintenance, drilling a hole in a wall, attaching screws, cutting woods, and metals are few tasks for DIY users. As a result, the demand for battery-powered tools is increasing due to an increase in household applications and construction.

South Korea Battery Power Tools Market
By Motor Type

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Brushless segment is projected to grow at a highest CAGR

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Brushless battery power tools have a number of advantages over other equipment in terms of performance, dependability, and durability. Brushless motors are more energy efficient than brushed motors and can run on batteries for up to 50% longer. Because there are no brushes rubbed against anything, no energy is lost during friction. Brushes in brush power tools must be replaced after 50 to 60 hours of operation, however brushes in brushless power tools do not need to be replaced. As a result of multiple benefits, many major key manufacturers are concentrating on developing brushless battery power tools with longer runtime. For example, DeWalt, in January 2021, has launched its brushless drive motors, self-propelled mowers, and push mowers. Brushless motors are driven by 10.0 Ah batteries for high voltage, long run time, and increased cutting capacity. Such latest and advanced battery power tools by the companies act as driver and will provide lucrative growth in the South Korea battery power tools market.  

Moreover, technological advancement in battery power tools will provide positive impact in South Korea battery power tools market during the forecast period. In the coming years, industry trends will likely focus on these improvements, particularly as they relate to automation, which will raise demand for battery-powered equipment in the automotive and other industries. Furthermore, with effective process monitoring, manufacturers can now create the proper designs and maintain product quality while reducing manufacturing times. For instance, in February 2020, Makita Corporation has introduced the CS01Z 12V max CXT Brushless Cordless Threaded Rod Cutter, which can cut threaded rod from 1/4" to 3/8" in diameter. Similarly, in December 2020, Hilti Corporation has introduced the new TE 70-ATC/AVR, a powerful SDS-Max combination hammer. Heavy-Duty Concrete Drilling is up to 40% faster with the new hammer. Hence, such advancement in power tools by the manufacturer will increase productivity and reduce time consumption and therefore will create lucrative growth opportunity in the South Korea battery power tools market. 

South Korea Battery Power Tools Market
By Application

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Industrial segment holds dominant position in 2020

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The South Korea battery power tools market is segmented into motor type, tool type, and application. Depending on motor type, the South Korea battery power tools 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.

South Korea Battery Power Tools Market
By Tool Type

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Drills holds a dominant position in 2020 and Impact wrench is expected to grow at a significant rate during the forecast period.

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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 emerging South Korea battery power tools market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030. 
  • Extensive analysis of the emerging South Korea battery power tools market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The emerging South Korea battery power tools market forecast analysis from 2021 to 2030 is included in the report.
  • The key players within emerging 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 emerging South Korea battery power tools industry. 

Key Market Segments

  • BY MOTOR TYPE
    • Brushed
    • Brushless
  • BY TOOL TYPE
    • Drills
      • Standard drill
      • Hammer drill
    • Saws
    • Lawn Mower
    • Impact Wrench
    • Angle Grinder
    • Others
  • BY APPLICATION
    • Industrial
    • DIY
  • 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
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter's five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in demand from the automotive sector
3.4.1.2.Rise in construction and manufacturing industry
3.4.1.3.Rise in popularity of brushless battery power tool

3.4.2.Restraints

3.4.2.1.Fluctuation in price of raw materials
3.4.2.2.Availability of alternative tools

3.4.3.Opportunities

3.4.3.1.Technological advancements in tooling equipment

3.5.COVID-19 Impact Analysis
3.6.South Korea Battery Power Tools Market Share Analysis, 2020

3.6.1.By Motor Type

3.6.1.1.By Brushed Type
3.6.2.2.By Brushless Type

3.6.3.By Tool Type

3.6.3.1.By Drills
3.6.4.2.By Saws
3.6.5.3.By Lawn Mower
3.6.6.4.By Impact wrench
3.6.7.5.By Angle Grinder

3.6.8.By Application

3.6.8.1.          By Industrial
3.6.9.2.          By DIY

CHAPTER 4:SOUTH KOREA BATTERY POWER TOOLS MARKET, BY MOTOR TYPE

4.1.Overview

4.1.1.Market size and forecast, by motor type

4.2.Brushed

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Brushless

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

CHAPTER 5:SOUTH KOREA BATTERY POWER TOOLS MARKET, BY TOOL TYPE

5.1.Overview

5.1.1.Market size and forecast, by tool type

5.2.Drills

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.2.3.Market size and forecast, by drills

5.3.Saws

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

5.4.Lawn mower

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast

5.5.Impact Wrench

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast

5.6.Angle Grinder

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast

5.7.Others

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast

CHAPTER 6:SOUTH KOREA BATTERY POWER TOOLS MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast, by application

6.2.Industrial

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.DIY

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

CHAPTER 7:COMPANY PROFILES

7.1.AIMSAK POWER TOOLS

7.1.1.Company overview
7.1.2.Key executive
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Key strategic moves and developments

7.2.ANDREAS STIHL AG & CO. KG

7.2.1.Company overview
7.2.2.Key executive
7.2.3.Company snapshot
7.2.4.Operating business segments
7.2.5.Product portfolio
7.2.6.Business performance

7.3.HAESUNG INDUSTRIAL CO., LTD. (KEYANG)

7.3.1.Company overview
7.3.2.Key executive
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.Business performance

7.4.HILTI CORPORATION

7.4.1.Company overview
7.4.2.Key executives
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.Research and development expenses
7.4.7.Business performance
7.4.8.Key strategic moves and developments

7.5.KOKI HOLDINGS CO. LTD.

7.5.1.Company overview
7.5.2.Key executives
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio

7.6.MAKITA CORPORATION

7.6.1.Company overview
7.6.2.Key executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.Research and development expenses
7.6.7.Business performance
7.6.8.Key strategic moves and developments

7.7.ROBERT BOSCH GMBH

7.7.1.Company overview
7.7.2.Key executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.Research and development expenses
7.7.7.Business performance
7.7.8.Key strategic moves and developments

7.8.SNAP-ON INCORPORATED

7.8.1.Company overview
7.8.2.Key executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.Research and development expenses
7.8.7.Business performance
7.8.8.Key strategic moves and development

7.9.STANLEY BLACK & DECKER, INC.

7.9.1.Company overview
7.9.2.Key executives
7.9.3.Company snapshot
7.9.4.Operating business segments
7.9.5.Product portfolio
7.9.6.Research and development expenses
7.9.7.Business performance
7.9.8.Key strategic moves and developments

7.10.TECHTRONIC INDUSTRIES CO. LTD.

7.10.1.Company overview
7.10.2.Key executives
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.Research and development expenses
7.10.7.Business performance

LIST OF TABLES

TABLE 01.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY MOTOR TYPE, 2020–2030 ($MILLION)
TABLE 02.SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY MOTOR TYPE, 2020–2030 (THOUSAND UNITS)
TABLE 03.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY TOOL TYPE, 2020–2030 ($MILLION)
TABLE 04.SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY TOOL TYPE, 2020–2030 (THOUSAND UNITS)
TABLE 05.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY DRILLS, 2020–2030 ($MILLION)
TABLE 06.SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY DRILLS, 2020–2030 (THOUSAND UNITS)
TABLE 07.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 08.SOUTH KOREA BATTERY POWER TOOLS MARKET VOLUME, BY APPLICATION, 2020–2030 (THOUSAND UNITS)
TABLE 09.AIMSAK POWER TOOLS.: KEY EXECUTIVE
TABLE 10.AIMSAK POWER TOOLS.: COMPANY SNAPSHOT
TABLE 11.AIMSAK POWER TOOLS.: OPERATING SEGMENTS
TABLE 12.AIMSAK POWER TOOLS: PRODUCT PORTFOLIO
TABLE 13.ANDREAS STIHL AG & CO. KG.: KEY EXECUTIVE
TABLE 14.ANDREAS STIHL AG & CO. KG.: COMPANY SNAPSHOT
TABLE 15.ANDREAS STIHL AG & CO. KG.: OPERATING SEGMENTS
TABLE 16.ANDREAS STIHL AG & CO. KG: PRODUCT PORTFOLIO
TABLE 17.HAESUNG INDUSTRIAL CO. LTD.: KEY EXECUTIVE
TABLE 18.HAESUNG INDUSTRIAL CO. LTD.: COMPANY SNAPSHOT
TABLE 19.HAESUNG INDUSTRIAL CO. LTD.: OPERATING SEGMENTS
TABLE 20.HAESUNG INDUSTRIAL CO. LTD: PRODUCT PORTFOLIO
TABLE 21.KEY EXECUTIVES: HILTI CORPORATION
TABLE 22.HILTI CORPORATION: COMPANY SNAPSHOT
TABLE 23.HILTI CORPORATION: OPERATING SEGMENTS
TABLE 24.HILTI CORPORATION: PRODUCT PORTFOLIO
TABLE 25.KEY EXECUTIVES: KOKI HOLDINGS CO., LTD.
TABLE 26.KOKI HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 27.KOKI HOLDINGS CO., LTD.: OPERATING SEGMENTS
TABLE 28.KOKI HOLDINGS CO., LTD.: PRODUCT PORTFOLIO
TABLE 29.KEY EXECUTIVES: MAKITA CORPORATION
TABLE 30.MAKITA CORPORATION: COMPANY SNAPSHOT
TABLE 31.MAKITA CORPORATION: OPERATING SEGMENTS
TABLE 32.MAKITA CORPORATION: PRODUCT PORTFOLIO
TABLE 33.KEY EXECUTIVES: ROBERT BOSCH GMBH
TABLE 34.ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 35.ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 36.ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 37.KEY EXECUTIVES: SNAP-ON INCORPORATED
TABLE 38.SNAP-ON INCORPORATED: COMPANY SNAPSHOT
TABLE 39.SNAP-ON INCORPORATED: OPERATING SEGMENTS
TABLE 40.SNAP-ON INCORPORATED: PRODUCT PORTFOLIO
TABLE 41.KEY EXECUTIVES: STANLEY BLACK & DECKER, INC
TABLE 42.STANLEY BLACK & DECKER, INC: COMPANY SNAPSHOT
TABLE 43.STANLEY BLACK & DECKER, INC: OPERATING SEGMENTS
TABLE 44.STANLEY BLACK & DECKER, INC: PRODUCT PORTFOLIO
TABLE 45.KEY EXECUTIVES: TECHTRONIC INDUSTRIES CO. LTD
TABLE 46.TECHTRONIC INDUSTRIES CO. LTD: COMPANY SNAPSHOT
TABLE 47.TECHTRONIC INDUSTRIES CO. LTD.: OPERATING SEGMENTS
TABLE 48.TECHTRONIC INDUSTRIES CO. LTD: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.TOP WINNING STRATEGIES, BY YEAR, 2019–2021
FIGURE 05.TOP WINNING STRATEGIES, BY COMPANY, 2019–2021
FIGURE 06.LOW TO MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 11.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY BRUSHED TYPE
FIGURE 12.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY BRUSHLESS TYPE
FIGURE 13.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY DRILLS
FIGURE 14.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY SAWS
FIGURE 15.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY LAWN MOWER
FIGURE 16.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY IMPACT WRENCH
FIGURE 17.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY ANGLE GRINDER
FIGURE 18.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY INDUSTRIAL
FIGURE 19.SOUTH KOREA BATTERY POWER TOOLS MARKET SHARE, BY DIY
FIGURE 20.SOUTH KOREA BATTERY POWER TOOLS MARKET, BY MOTOR TYPE, 2020–2030 (%)
FIGURE 21.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR BRUSHED, 2020–2030 ($MILLION)
FIGURE 22.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR BRUSHLESS, 2020–2030 ($MILLION)
FIGURE 23.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY TOOL TYPE, 2020–2030 (%)
FIGURE 24.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR DRILLS, 2020–2030 ($MILLION)
FIGURE 25.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR SAWS, 2020–2030 ($MILLION)
FIGURE 26.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR LAWN MOWER, 2020–2030 ($MILLION)
FIGURE 27.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR IMPACT WRENCH, 2020–2030 ($MILLION)
FIGURE 28.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR ANGLE GRINDER, 2020–2030 ($MILLION)
FIGURE 29.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR OTHERS, 2020–2030 ($MILLION)
FIGURE 30.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE, BY APPLICATION, 2020–2030 (%)
FIGURE 31.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR INDUSTRIAL, 2020–2030 ($MILLION)
FIGURE 32.SOUTH KOREA BATTERY POWER TOOLS MARKET REVENUE FOR DIY, 2020–2030 ($MILLION)
FIGURE 33.ANDREAS STIHL AG & CO. KG: REVENUE, 2018–2020 ($MILLION)
FIGURE 34.ANDREAS STIHL AG & CO. KG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 35.HAESUNG INDUSTRIAL CO. LTD: REVENUE, 2018–2020 ($MILLION)
FIGURE 37.HILTI CORPORATION: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 38.HILTI CORPORATION: REVENUE, 2018–2020($MILLION)
FIGURE 39.HILTI CORPORATION: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 40.HILTI CORPORATION: REVENUE SHARE BY REGION, 2020(%)
FIGURE 41.MAKITA CORPORATION: RESEARCH AND DEVELOPMENT EXPENSES, 2019–2021($MILLION)
FIGURE 42.MAKITA CORPORATION: REVENUE, 2019–2021 ($MILLION)
FIGURE 43.MAKITA CORPORATION: REVENUE SHARE BY SEGMENT, 2021(%)
FIGURE 44.MAKITA CORPORATION: REVENUE SHARE BY REGION, 2021(%)
FIGURE 45.ROBERT BOSCH GMBH: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 46.ROBERT BOSCH GMBH: REVENUE, 2018–2020($MILLION)
FIGURE 47.ROBERT BOSCH GMBH: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 48.ROBERT BOSCH GMBH: REVENUE SHARE BY REGION, 2020(%)
FIGURE 49.SNAP-ON INCORPORATED: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 50.SNAP-ON INCORPORATED: REVENUE, 2018–2020($MILLION)
FIGURE 51.SNAP-ON INCORPORATED: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 52.SNAP-ON INCORPORATED: REVENUE SHARE BY REGION, 2020(%)
FIGURE 53.STANLEY BLACK & DECKER, INC: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 54.STANLEY BLACK & DECKER, INC: REVENUE, 2018–2020($MILLION)
FIGURE 55.STANLEY BLACK & DECKER, INC: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 56.STANLEY BLACK & DECKER, INC: REVENUE SHARE BY REGION, 2020(%)
FIGURE 57.TECHTRONIC INDUSTRIES CO. LTD: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 58.TECHTRONIC INDUSTRIES CO. LTD: REVENUE, 2018–2020($MILLION)
FIGURE 59.TECHTRONIC INDUSTRIES CO. LTD: REVENUE SHARE BY SEGMENT, 2020(%)
FIGURE 60.TECHTRONIC INDUSTRIES CO. LTD: REVENUE SHARE BY REGION, 2020(%)

 
 

The South Korea battery power tools market is mainly driven by rise in adoption of battery or portable power tools in automotive, construction, and manufacturing sector. In addition, introduction of brushless battery power tools needs less maintenance, therefore, is used by a large number of professional as well as DIY customers. Moreover, affordable and energy-efficient battery power tools are being launched in market, thus drives the battery power tools market in South Korea.

However, availability of low-cost alternative such as manually operated hand tools and high-powered corded power tools acts as restraint to the battery power tools market. In addition, decline in rate of new construction in developed countries has hampered sales of battery power tools. On the contrary, increase in advancements of rechargeable batteries is anticipated to drive growth of the battery power tools market during the forecast period. Major companies in the market have adopted strategies such as acquisition, collaboration, business expansion, and product launch to offer better services to customers in the battery power tools market in South Korea.

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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The South Korea battery power tools market size was valued at $141.1 million in 2020.

A. Based on motor type, the brushed segment holds the maximum market share of the South Korea battery power tools market in 2020.

A. The South Korea battery power tools market is projected to reach $351.2 million by 2030.

A. Increase in demand from automotive sector and rise in construction and manufacturing industry are the key trends in the South Korea battery power tools market.

A. The product launch is key growth strategy of South Korea battery power tools industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. Fluctuation in price of raw materials and availability of alternative tools are the effecting factors for South Korea battery power tools market.

A. The applications of South Korea battery power tools include in industrial and DIY.

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Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers