Battery Power Tools Market Trends

Growth Drivers

• Increasing do-it-yourself or DIY culture globally - A number of variables play a major role in the battery power tools market expansion. First of all, a discernible trend impacting consumer behavior is the rise in do-it-yourself home improvement initiatives, particularly in individualized interior design. Furthermore, the emergence of e-commerce has completely transformed the battery power tools market by giving consumers easy access to a huge selection of goods and services.
  
  Moreover, according to the International Journal of Advanced Research in Engineering & Management (2018) in the American area, the US market is the largest, and this trend is anticipated to be true from 2016 to 2020.
• The rising advancement of intelligent and associated power tools - Artificial intelligence (AI) is gaining traction in the power tool industry and is critical to the development of new tools, performance enhancements, and user experience customization. Technologies enhanced by artificial intelligence may adapt dynamically to user preferences, offering a personalized and efficient user experience.
  
  Beyond basic functionality, real-time feedback from AI-powered tools transforms the tool production and usage environment. As the industry embraces AI, a new age of intelligent and adaptive power tools arises, transforming the way professionals and enthusiasts use their equipment.
  
  According to a Stanford University Study made in 2021, AI is being used by more people these days to do a lot of things. This includes dictating messages to their phones, improving their backdrops during conference calls, and providing recommendations for news, entertainment, or shopping.
• Rising popularity of cordless power tools - Undoubtedly, the increased portability and convenience of cordless power tools are contributing to their growing popularity. These tools are now more powerful and have a longer lifespan due to advancements in battery technology, making them suitable for a variety of jobs.
  
  Global projections indicate that the number of cordless tools sold in the household and commercial battery power tools market will exceed 600 million by 2027, more than double the amount that was recorded in 2015.

Challenges

• High cost of maintenance - Although power tools are integral in different uses still the high maintenance cost of battery power tools refrains customers from buying them. For instance, cordless drills frequently need maintenance and if not maintained properly these drills can become dangerous for the user. This can further impede the market expansion of the battery power tools market.
• Problem in developing ergonomic and lightweight battery power tools - Although powered hand tools may appear innocuous, they frequently result in injuries in jobs inclusive of assembly, building, maintenance, and repair of machinery and vehicles, metallurgy, and carpentry. On the other hand, developing lightweight battery-operated power tools is not an easy task to perform which can hamper the battery power tools market expansion.