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Home ➤ Manufacturing ➤ Engineering | Equipment and Machinery ➤ Cordless Power Tools Market
Cordless Power Tools Market
Cordless Power Tools Market
Published date: Feb 2025 • Formats:
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  • Home ➤ Manufacturing ➤ Engineering | Equipment and Machinery ➤ Cordless Power Tools Market

Global Cordless Power Tools Market Size, Share, Growth Analysis By Product Type (Drills, Saws, Sanders, Impact Wrenches, Screwdrivers, Grinders, Rotary Hammers, Others), By Motor Type (Brushed Motor, Brushless Motor), By Battery Voltage Type (Low Voltage (Below 12V), Medium Voltage (12V–18V), High Voltage (Above 18V)), By End-User Industry (Construction, Automotive, Aerospace, Manufacturing, DIY (Do It Yourself), Woodworking, Metalworking, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Statistics, Trends and Forecast 2025-2034

  • Published date: Feb 2025
  • Report ID: 140611
  • Number of Pages: 388
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Report Overview
    • Key Takeaways
    • Product Type Analysis
    • Motor Type Analysis
    • Battery Voltage Type Analysis
    • End-User Industry Analysis
    • Key Market Segments
    • Driving Factors
    • Restraining Factors
    • Growth Opportunities
    • Emerging Trends
    • Regional Analysis
    • Competitive Landscape
    • Recent Developments
    • Report Scope

    Report Overview

    The Global Cordless Power Tools Market size is expected to be worth around USD 22.7 Billion by 2034, from USD 12.3 Billion in 2024, growing at a CAGR of 6.3% during the forecast period from 2025 to 2034.

    Cordless power tools are battery-operated devices used for construction and repair tasks. They remove the need for cords and increase mobility. These tools include drills, saws, and grinders. Cordless power tools are easy to use and enhance safety. They are common in professional and home improvement projects across many industries.

    Cordless power tools market refers to the sector that manufactures and distributes battery-operated tools. It involves producers, suppliers, and retailers. The market covers categories based on tool type and application. It serves professional construction, home improvement, and industrial sectors. The market focuses on safety, efficiency, and convenience in product offerings.

    Cordless Power Tools Market Growth Analysis

    The cordless power tools market is witnessing a significant surge in demand, driven by advancements in battery technology and the growing popularity of DIY projects. These tools offer the convenience of portability and are increasingly favored in both household and professional settings. As such, manufacturers are continuously innovating to improve power output and battery life, catering to a wider range of applications.

    Moreover, the market is characterized by high competitiveness due to the entry of new brands and the expansion of product ranges by established companies. This competition is pushing the industry towards higher efficiency and lower prices, which benefits consumers.

    Additionally, the market is not yet saturated, presenting ample opportunities for growth. On a broader scale, the rise in cordless power tools usage supports the construction and home renovation industries significantly, leading to increased economic activity.

    Locally, these tools are impacting small businesses and contractors by providing more efficient solutions that enhance productivity. Government regulations focusing on safety and energy consumption also play a crucial role in shaping the market dynamics.

    They ensure that products meet stringent safety standards, fostering consumer trust and industry credibility. Hence, the cordless power tools market is set to expand further, driven by technological innovations, competitive dynamics, and supportive regulatory frameworks.

    Key Takeaways

    • The Cordless Power Tools Market was valued at USD 12.3 billion in 2024 and is expected to reach USD 22.7 billion by 2034, with a CAGR of 6.3%.
    • In 2024, Drills dominated the product type segment with 40%, due to their extensive use in construction and DIY applications.
    • In 2024, Brushless motors accounted for 60%, driven by their efficiency, longer lifespan, and reduced maintenance.
    • In 2024, Medium Voltage (12V–18V) batteries led the voltage type segment with 50%, offering a balance between power and portability.
    • In 2024, the Construction sector dominated the end-user segment with 35%, due to increasing adoption of cordless tools in infrastructure projects.
    • In 2024, North America dominated the market with 37.2% and a value of USD 4.58 billion, driven by rising demand for smart and efficient power tools.

    Product Type Analysis

    Drills dominate with 40.0% due to their versatility and wide usage in various industries.

    Cordless drills are the most common and essential tool in both professional and DIY settings. These tools are used for a wide range of applications, from drilling holes in wood, metal, and plastic to driving screws. Their popularity stems from their portability and ease of use, as they do not require a constant power supply, making them ideal for construction, automotive, and even home improvement projects.

    In construction, for instance, cordless drills are used to install fixtures, drive screws into beams, and even drill through materials like drywall or wood. Similarly, in automotive repair, they are indispensable for assembling and disassembling parts. The dominance of drills in the cordless power tools market is driven by their broad utility and the high demand for compact, powerful tools in various industries.

    Other product types include saws, sanders, and impact wrenches. Saws, which are used for cutting through wood, metal, and other materials, are essential in both construction and woodworking. Sanders, typically used for smoothing surfaces, are favored in industries like furniture making and automotive bodywork.

    Screwdrivers are also important but typically have a smaller share in the market, used mainly for precision tasks. Grinders and rotary hammers are used for more specialized tasks, such as grinding materials or drilling through concrete, and hold smaller market shares. Lastly, the other category, including tools like heat guns and mixers, contributes less to the overall market but still plays a role in specific tasks.

    Motor Type Analysis

    Brushless motors dominate with 60.0% due to their higher efficiency and longer lifespan.

    Brushless motors have become increasingly popular in the cordless power tools market due to their superior performance. These motors are more energy-efficient and last longer compared to brushed motors.

    In addition, brushless motors produce less heat, which enhances the durability of the tool and extends its operational life. Tools powered by brushless motors are ideal for heavy-duty tasks, such as drilling through hard materials or continuous use on construction sites.

    For example, in the automotive industry, the demand for powerful and reliable tools with brushless motors is high, as these tools are able to handle high-intensity tasks without overheating. Brushless technology has proven beneficial across various applications, including construction, woodworking, and manufacturing.

    On the other hand, brushed motors are still widely used but account for 40.0% of the market share. These motors are generally cheaper than their brushless counterparts, which makes them attractive for more budget-conscious consumers. Brushed motors are common in entry-level tools and are sufficient for light to medium tasks.

    However, they tend to wear out faster due to the friction of the brushes, which decreases their overall lifespan. Brushed motors still have a strong presence in the DIY segment, where the demand for power tools at lower price points remains high. While not as durable or efficient as brushless motors, brushed motors offer sufficient power for many applications, making them a popular choice for casual users.

    Battery Voltage Type Analysis

    Medium voltage (12V–18V) dominates with 50.0% due to its balance between power and portability.

    The 12V to 18V battery range strikes the ideal balance between providing sufficient power for most tasks and maintaining a compact, lightweight design. This makes it suitable for a wide range of applications, including both professional and DIY projects. For example, in construction, a 12V–18V drill can easily handle tasks like drilling holes in wood or metal without being too heavy for prolonged use.

    Similarly, this battery range offers a practical solution for automotive mechanics, who need a portable tool that delivers consistent power. The popularity of 12V–18V batteries is also driven by advancements in battery technology, which have allowed for increased efficiency and longer battery life without significantly adding to the weight of the tool.

    High voltage (Above 18V) is preferred for more heavy-duty tasks. High-voltage tools are capable of providing the extra power needed for demanding applications, such as drilling through concrete or cutting metal. These tools are commonly used in professional settings where performance is the priority, even if the tool is heavier or bulkier.

    The low voltage (Below 12V) category typically caters to light-duty tasks such as small drilling jobs, screwing, or general home maintenance. These tools are favored by DIY users or homeowners who need a cordless tool for occasional use around the house. While they offer less power, their compact size and lighter weight make them ideal for users with basic needs.

    End-User Industry Analysis

    Construction dominates with 35.0% due to the extensive use of cordless power tools in building projects.

    The construction industry is the largest end-user of cordless power tools, driven by the need for portable and reliable equipment for tasks like drilling, cutting, and fastening. Cordless drills and impact wrenches are commonly used by construction professionals for installing beams, fixtures, and other essential structures. The demand for these tools continues to grow as the construction industry becomes more focused on efficiency and safety.

    Cordless power tools offer significant advantages in construction, such as the ability to work in remote locations without the need for power outlets. With the growth of infrastructure development, particularly in emerging markets, the construction sector remains a key driver for the cordless power tools market.

    Other key end-user industries include automotive, DIY (Do It Yourself), and woodworking. The automotive sector uses cordless tools for tasks like assembling and disassembling parts, repairing vehicles, and performing maintenance.

    DIY enthusiasts and homeowners use cordless power tools for home improvement projects, driving demand for compact, user-friendly tools. Woodworking accounts for a smaller segment but remains significant, with tools like cordless drills and saws used for furniture making and crafting.

    Metalworking and aerospace industries follow, where power tools are used for specialized tasks like drilling or cutting metals. The others category, including sectors like agriculture, represents the remaining market share.

    Cordless Power Tools Market Share Analysis

    Key Market Segments

    By Product Type

    • Drills
    • Saws
    • Sanders
    • Impact Wrenches
    • Screwdrivers
    • Grinders
    • Rotary Hammers
    • Others

    By Motor Type

    • Brushed Motor
    • Brushless Motor

    By Battery Voltage Type

    • Low Voltage (Below 12V)
    • Medium Voltage (12V–18V)
    • High Voltage (Above 18V)

    By End-User Industry

    • Construction
    • Automotive
    • Aerospace
    • Manufacturing
    • DIY (Do It Yourself)
    • Woodworking
    • Metalworking
    • Others

    Driving Factors

    Growing Demand for Portable, Easy-to-Use Tools Drives Market Growth

    The increasing preference for portable and easy-to-use tools in both professional and DIY sectors is a major driver of the cordless power tools market. As consumers and professionals alike seek greater convenience and mobility in their work, cordless tools provide an attractive solution, offering freedom from restrictive cords. This preference spans across various industries, including construction, home improvement, and automotive.

    Advancements in battery technologies have also significantly contributed to market growth. Longer runtimes and faster charging capabilities are improving the overall user experience, allowing professionals to work for extended hours without interruptions. These innovations are addressing previous limitations, making cordless tools a more viable and reliable choice.

    Furthermore, the growth of residential and commercial construction activities globally is driving demand for cordless power tools. As construction projects increase, there is a higher need for efficient, portable tools that can handle a variety of tasks with ease.

    In addition, rising demand for cordless power tools in automotive and industrial applications is fueling market expansion. These industries require high-performance, versatile tools for a range of applications, and cordless tools are increasingly being adopted due to their portability, ease of use, and advanced features.

    Restraining Factors

    High Costs, Battery Limitations, and Environmental Concerns Restrain Market Growth

    The cordless power tools market faces several challenges that could restrict its growth. A major restraint is the high upfront cost of high-performance cordless power tools. While these tools offer numerous advantages, the initial investment required can be a barrier for many consumers and small businesses, especially in price-sensitive markets.

    Limited battery lifespan and the need for regular charging are also significant concerns. Even with advancements in battery technology, frequent charging and the eventual degradation of batteries can interrupt work and add to long-term costs for users.

    Additionally, there are growing concerns regarding the environmental impact of battery disposal. As more consumers and businesses use cordless power tools, the accumulation of used batteries poses an environmental challenge. This issue is prompting calls for more sustainable and eco-friendly solutions in battery production and disposal.

    Competitive pressure from corded power tools offering unlimited runtime is another factor inhibiting growth. Corded tools are still favored in situations where prolonged power and uninterrupted use are required, making them an attractive option for certain industries despite the convenience of cordless tools.

    Growth Opportunities

    Expanding Applications and Technological Advancements Provide Growth Opportunities

    The cordless power tools market has several growth opportunities. One significant opportunity lies in expanding applications within the automotive and construction sectors. As these industries continue to grow globally, there is an increasing need for high-performance cordless tools capable of handling a variety of tasks in tight or mobile workspaces.

    Another opportunity is the increasing interest in compact, multi-functional cordless power tools. Consumers are increasingly seeking tools that combine multiple functions into a single device, making them more versatile and efficient. This trend is particularly appealing in both residential and professional settings where space and tool storage can be limited.

    Technological advancements are also creating opportunities for growth. Faster charging and wireless operation are enhancing the performance and usability of cordless power tools, reducing downtime and increasing productivity.

    Furthermore, rising consumer demand for cordless tools with improved ergonomics and safety features is driving innovation. Tools designed for greater comfort, reduced physical strain, and enhanced safety are appealing to both DIY enthusiasts and professional users, contributing to the continued expansion of the market.

    Emerging Trends

    Shift to Lithium-Ion Batteries and Smart Technology Integration Are Latest Trending Factors

    The cordless power tools market is being shaped by several key trends. One of the most notable trends is the shift towards lithium-ion battery-powered tools. Lithium-ion batteries are known for their efficiency, longer lifespan, and ability to provide more power in a lighter package compared to traditional batteries. This shift is improving the overall performance and appeal of cordless power tools.

    Increased integration of smart technologies, such as the Internet of Things (IoT), is another emerging trend. This technology allows users to monitor tool performance, track usage, and even perform diagnostics remotely. This integration is making tools more intelligent and connected, providing users with better control and management of their tools.

    The surge in demand for brushless motors is also driving market growth. These motors offer better performance, energy efficiency, and durability compared to traditional brushed motors, making them a popular choice for high-end cordless tools.

    Finally, there is a growing preference for cordless tools in professional environments due to their mobility and ease of use. Professionals in construction, automotive, and maintenance sectors value the portability and flexibility that cordless tools offer, allowing them to work efficiently in various settings. These trends reflect a shift towards more advanced, efficient, and user-friendly cordless power tools.

    Regional Analysis

    North America Dominates with 37.2% Market Share

    North America leads the Cordless Power Tools Market with a 37.2% share, valued at USD 4.58 billion. This significant market position is supported by a well-established demand for high-performance tools in industries such as construction, automotive, and home improvement. The strong presence of key players, technological advancements, and a culture of DIY (Do It Yourself) also contribute to the region’s dominance.

    Key factors driving North America’s high market share include the continuous investment in construction and infrastructure, coupled with a steady demand for portable and efficient power tools. In addition, the adoption of cordless power tools, especially in commercial and residential applications, has accelerated due to their convenience and versatility.

    With major companies, including Bosch, DeWalt, and Makita, headquartered in the region, North America benefits from a competitive market that fosters innovation and quality improvements. The increasing trend towards smart tools and battery technology advancements further boosts market growth.

    Cordless Power Tools Market Regional Analysis

    Regional Mentions:

    • Europe: Europe accounts for a substantial portion of the Cordless Power Tools Market, driven by the region’s strong manufacturing sector and emphasis on sustainability. With growing demand from construction and DIY segments, the market is benefiting from innovations in battery and motor technologies.
    • Asia Pacific: Asia Pacific holds a significant share due to the increasing urbanization and industrial growth in countries like China and India. The rising demand for affordable and efficient power tools from emerging economies is propelling market expansion in the region.
    • Middle East & Africa: The Middle East & Africa region is showing growth due to increased construction and infrastructure projects. As more businesses adopt advanced cordless power tools for efficiency, the demand continues to rise in the region’s developing economies.
    • Latin America: Latin America is gradually adopting cordless power tools, particularly in sectors like construction and DIY. Economic growth, urbanization, and an increasing trend towards automation are boosting the market in countries such as Brazil and Mexico.

    Key Regions and Countries Covered in the Report

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA

    Competitive Landscape

    The Cordless Power Tools Market is dominated by major players such as DeWalt (Stanley Black & Decker), Makita Corporation, Bosch Power Tools, and Hilti Corporation, which lead through product innovation, advanced technology, and strong brand presence.

    DeWalt (Stanley Black & Decker) is a global leader in the cordless power tools market, known for its high-performance tools used in construction, woodworking, and automotive industries. DeWalt’s wide range of cordless products, robust battery systems, and reputation for quality make it a preferred choice for professionals and DIY enthusiasts alike.

    Makita Corporation is a key player offering a broad selection of cordless power tools. Makita is known for its cutting-edge lithium-ion battery technology, which ensures longer tool run time and faster charging. The company’s commitment to continuous innovation and high-quality standards has made it a trusted brand in markets worldwide.

    Bosch Power Tools is renowned for its diverse portfolio of cordless power tools, including drills, saws, and sanders. Bosch has a strong reputation for quality and precision engineering. The company is constantly innovating, offering tools with improved battery life, power efficiency, and user-friendly designs, making it a significant competitor in the global market.

    Hilti Corporation is a leader in providing cordless power tools for the construction and building industries. Hilti’s products are known for their durability and ability to withstand harsh worksite conditions. With a strong focus on technological advancements, Hilti continues to expand its market share, particularly in industrial and heavy-duty applications.

    These companies lead the cordless power tools market through innovation in battery technology, tool performance, and continuous product enhancements, positioning themselves as top contenders globally.

    Major Companies in the Market

    • DeWalt (Stanley Black & Decker)
    • Makita Corporation
    • Bosch Power Tools
    • Hilti Corporation
    • Festool GmbH
    • Snap-on Incorporated
    • Ryobi Limited
    • Milwaukee Electric Tool Corporation
    • Greenworks Tools
    • Black+Decker (Stanley Black & Decker)
    • Kobalt Tools (Lowe’s Companies)
    • Einhell Germany AG
    • Caterpillar Inc. (CAT Power Tools)

    Recent Developments

    • Bosch Power Tools: On October 2024, Bosch Power Tools introduced over 30 new cordless products. The expanded 18V platform now includes hand tools and specialized press tools for plumbers. The announcement was made during a product showcase event.
    • Graco Inc.: On July 2024, Graco Inc. unveiled the TrueCoat 360® Cordless Connect™. This airless paint and stain sprayer system works with cordless drills, drivers, or impact drills and is designed for both indoor and outdoor projects.

    Report Scope

    Report Features Description
    Market Value (2024) USD 12.3 Billion
    Forecast Revenue (2034) USD 22.7 Billion
    CAGR (2025-2034) 6.3%
    Base Year for Estimation 2024
    Historic Period 2020-2023
    Forecast Period 2025-2034
    Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments
    Segments Covered By Product Type (Drills, Saws, Sanders, Impact Wrenches, Screwdrivers, Grinders, Rotary Hammers, Others), By Motor Type (Brushed Motor, Brushless Motor), By Battery Voltage Type (Low Voltage (Below 12V), Medium Voltage (12V–18V), High Voltage (Above 18V)), By End-User Industry (Construction, Automotive, Aerospace, Manufacturing, DIY (Do It Yourself), Woodworking, Metalworking, Others)
    Regional Analysis North America – US, Canada; Europe – Germany, France, The UK, Spain, Italy, Rest of Europe; Asia Pacific – China, Japan, South Korea, India, Australia, Singapore, Rest of APAC; Latin America – Brazil, Mexico, Rest of Latin America; Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of MEA
    Competitive Landscape DeWalt (Stanley Black & Decker), Makita Corporation, Bosch Power Tools, Hilti Corporation, Festool GmbH, Snap-on Incorporated, Ryobi Limited, Milwaukee Electric Tool Corporation, Greenworks Tools, Black+Decker (Stanley Black & Decker), Kobalt Tools (Lowe’s Companies), Einhell Germany AG, Caterpillar Inc. (CAT Power Tools)
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)
    Cordless Power Tools Market
    Cordless Power Tools Market
    Published date: Feb 2025
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    • DeWalt (Stanley Black & Decker)
    • Makita Corporation
    • Bosch Power Tools
    • Hilti Corporation
    • Festool GmbH
    • Snap-on Incorporated
    • Ryobi Limited
    • Milwaukee Electric Tool Corporation
    • Greenworks Tools
    • Black+Decker (Stanley Black & Decker)
    • Kobalt Tools (Lowe's Companies)
    • Einhell Germany AG
    • Caterpillar Inc. (CAT Power Tools)
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