Power tools industry is hot, so how to choose a lithium battery power tools?

In recent years, the development of power tools presents a miniaturization, lightweight, cordless trend, making lithium batteries  power toolsin the field of power tools has a good growth, which also attracted the attention of many power battery enterprises.

Relevant data show that in 2017, the market space of cordless power tools is more than $15 billion (about 101.7 billion yuan). According to CAGR6.6%, the market space of cordless power tools will be more than $18 billion (about 122 billion yuan) in 2020.
The use of lithium batteries in power tools has increased from 3 to 8-10 strings, and the number of applications has doubled.
Therefore, the future power tools lithium market growth potential is huge.

At present, the number of domestic cordless power tools in the domestic market accounts for about 1/3. Lithium battery is mainly used by domestic manufacturers, but it still accounts 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 market for cordless power tools, and penetration and replacement rates are accelerating.

At present, the top international power tool enterprises occupy a large market share in the field of cordless power tools, combined with the international power tool giants for lithium battery power tools choice began to turn, or will bring greater market development opportunities for domestic lithium battery manufacturers.

At present, battery enterprises including Tianpeng Power Supply Co., Ltd., Yiwei LithiumEnergy Co., Ltd., Lishen Co., Ltd. and Haisida Co., Ltd. have formed close strategic cooperation with the international power tool giants, and even a few enterprises have entered the supply chain system of the international power tool giants.

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