At present, lithium electrochemical and intelligent has become the two most important trends in the power tool market.
Due to its advantages of high energy density, long endurance and long life, lithium batteries are gradually replacing traditional fuel power and rope power tools, becoming the mainstream of the market. In 2024, the proportion of cordless power tools in the global power tools market is 47%, and there is a trend of further improvement. On the one hand, the continuous progress of lithium battery technology has promoted the acceleration of the lithium electrochemical process. With the improvement of technological progress and scale effect, the price of lithium batteries continues to decline.
Intelligent power tools bring users a more convenient and efficient use experience. The main functions include automatic identification of working scenarios, voice control, self-diagnosis and remote monitoring. Intelligent power tools have been widely used in the fields of home decoration, garden maintenance and industrial manufacturing, bringing users a safer and more efficient work experience.
For domestic enterprises, how to achieve technological leadership in the two major trends of lithium electrochemical and intelligent will be particularly critical. The development of technology is inseparable from the support of a series of key components, especially in the trend of lithium electrochemical and intelligent, these components and related solutions are particularly important.
In terms of lithium batteries, the early power tools market was dominated by Japanese and Korean companies. But recently domestic lithium battery companies have gradually entered the supply chain of power tools. This can be seen from Big-Bit’s previous dismantling of the Bosch lithium drill – the 21-year Bosch lithium drill uses Samsung’s lithium battery, and the 23-year Bosch lithium battery uses the Tianpeng power supply. With the technological progress of domestic lithium battery companies and cost advantages, domestic power tool companies will have a lower cost supply chain, and will have more price advantages when expanding overseas markets.