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Your Current Location: Home News Industry News International power tool giants choose to change - power battery companies quietly penetration

International power tool giants choose to change - power battery companies quietly penetration

Release Date:2019-08-21

At present, many power battery manufacturers in China have set foot in the power tool market, but due to product, technology, technology and other reasons, they have not been able to enter the supply chain of power tool enterprises with large international shipments, and the market orders are scattered and relatively small.

In recent years, the development of power tools presents a trend of miniaturization, lightening and cordless, which makes lithium batteries have a good growth in the field of power tools, and thus attracts the attention of many power battery enterprises.

According to relevant data, the market space of cordless power tools was more than 15 billion us dollars in 2017, and cagr6.6% estimated that the market space of cordless power tools would be more than 18 billion us dollars in 2020.The use of lithium batteries in power tools has grown from three to eight to ten strings, multiplying the number of applications.Therefore, the future power tools lithium market growth potential is huge.

At present, domestic cordless power tools account for about 1/3 of the domestic market. Lithium battery applications are mainly made by domestic manufacturers, but they still account for less than 30% of the global market, and the penetration rate is relatively slow.As the world's largest market for power tools, North America accounts for more than half of the cordless power tools market, and penetration and replacement rates are accelerating.

At present, the top power tool enterprises in the world occupy a larger market share in the field of cordless power tools. In addition, the international power tool giants have begun to change their choice of lithium battery, which may bring greater market development opportunities for domestic lithium battery manufacturers.

At present, battery enterprises including tianpeng power, yiwei lithium energy, lishen and haisida have formed close strategic cooperation with international power tool giants, and even a few enterprises have entered the supply chain system of international power tool giants.

The consensus in the industry is that only lithium battery enterprises with advanced technology, strong research and development strength, excellent product quality and guaranteed supply ability have the opportunity to enter the supply system of large international power tool manufacturers.Once the supply relationship is confirmed, it will not be easily changed in a short term. Lithium battery enterprises entering the supply chain will maintain a stable market share in a certain period of time.



Zhongshan Sun-Ligao Tools Industrial Co.,Ltd.

Phone:86-0760-22117188

Fax:86-0760-22117180

Email:[email protected]

Address:NO.39-1,XIAOLAN DA DAO NAN,XIAOLAN TOWN,ZHONGSHAN CITY,P.R.C

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