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In 2020, global power tool shipments will be 490 million units
2021-07-02
Introduction: The white paper analysis pointed out that in recent years, with the development trend of miniaturization and convenience of power tools, the penetration rate of cordless power tools has increased, and its proportion has increased from 30% in 2011 to about 64% in 2020. Lithium batteries are more and more widely used in power tools due to their advantages of high energy density and long cycle life. In 2020, lithium battery tools will account for up to 90% of cordless power tools.
The "White Paper on the Development of China's Power Tool Industry (2021)" pointed out that in the past two decades, China's power tool industry has continued to develop in undertaking the transfer of international division of labor, and has now become a world power tool manufacturer and foreign trade exporter. It accounts for about 80% of the industry. Affected by the Sino-U.S. trade war, my country's power tool exports fell for the first time in 2019, driving global power tool shipments down 1.5% year-on-year. Affected by the epidemic in 2020, China's power tool shipments have fallen sharply since February, resulting in a year-on-year decrease of 19.1% in Q1 global power tool shipments in 2020. However, with the gradual recovery of the economy in the second half of the year, the shipment of electric tools for the whole year still maintained a growth rate of 5.3%, and its market size also increased to 54.43 billion US dollars.
The white paper analysis pointed out that in recent years, with the development trend of miniaturization and convenience of power tools, the penetration rate of cordless power tools has increased, and its proportion has increased from 30% in 2011 to about 64% in 2020. Among them, lithium batteries With its advantages of high energy density and long cycle life, it is more and more widely used in power tools. In 2020, lithium battery tools will account for up to 90% of cordless power tools. Statistics from the "White Paper on the Development of China's Power Tool Industry (2021)" show that in 2020, global shipments of lithium-ion batteries for power tools will reach 2.02 billion, a year-on-year increase of 19.5%.
Wu Hui, general manager of the research department of the Ivy Institute of Economic Research and president of the China Battery Industry Research Institute, pointed out that the current global power tool market is still dominated by foreign brands such as SB&D, TTI, Bosch, Makita, and Hikoki. As domestic power tool companies are gradually moving from OEM to independent brand production, domestic power tool brand companies represented by Dongcheng, Ruiqi, Minglei, Greebo, Baoshide, Dongyi, Dayi, Quanfeng, etc. are shipping The volume has increased significantly, and its market share is further increasing. Regarding lithium batteries for power tools, Wu Hui pointed out that in 2020, the biggest feature of power tool batteries is that domestic battery companies such as Yiwei Lithium Energy and Tianpeng have begun to replace foreign battery companies Samsung SDI, LG and Murata on a large scale. , A large number of supplies to world-renowned power tool companies. For example, the supply of Yiwei Lithium Energy to TTI is close to 100 million, and Tianpeng has also shipped in large quantities to SB&D, TTI, Bosch and other companies, and its power tool battery shipments are close to 200 million. In addition, due to strong demand, domestic cylindrical battery companies, especially high-rate products, are in short supply, and there is a situation of "price and volume rising". Many cylindrical battery companies have raised their sales prices. The form is very good, and 21,700 high capacity. High-magnification products are gradually being used in electric tools.
