Cordless Power Tools Market Size, Share, and Growth Analysis

Cordless Power Tools Market By Product Type (Drilling and Fastening Tools, Material Removal Tools), By Tools Type (Drills, Saws), By End User (Construction, DIY), By Region -Industry Forecast 2025-2032


Report ID: SQMIG45J2256 | Region: Global | Published Date: January, 2025
Pages: 185 |Tables: 98 |Figures: 71

Format - word format excel data power point presentation

Cordless Power Tools Market Insights

Global Cordless Power Tools Market size was valued at USD 25.05 Billion in 2023 poised to grow from USD 26.40 Billion in 2024 to USD 40.21 Billion by 2032, growing at a CAGR of 5.4% in the forecast period (2025-2032).

The escalating growth of cordless power tools has subsequently created market demand due to technological innovations that improve the tools' power, endurance, and versatility. Further, while cords are no longer an issue, cordless technology brings flexibility and ease at the job site. Such progress has made cordless tools very popular both in professional and do-it-yourself applications. Owning cordless tools today is just about as good as owning a corded version, with many making a good argument for going beyond the limits of conventional products, due to high-power batteries and brushless motors, which have greatly improved performance and efficiency with these tools. It is anticipated that in the upcoming years, these developments will keep propelling market expansion.

One of the main industries using cordless power tools is the construction sector. Growing use of cordless power tools is a major factor propelling the market for cordless power tools. Growth in off-site construction and the need for cordless power tools with more features and capabilities are driving adoption, which is predicted to continue growing. Benefits of corded tools include portability, convenience, and safety. The complexity of construction is increasing, and the need for portability and easier power tool use is driving demand. The growing number of such necessary rules and the governments' increased emphasis on deploying these powerful instruments on building sites serve to further solidify the trend.

Market snapshot - (2025-2032)

Global Market Size

USD 25.05 Billion

Largest Segment

Drilling and Fastening Tools

Fastest Growth

Material Removal Tools

Growth Rate

5.4% CAGR

Global Cordless Power Tools Market ($ Bn)
Country Share by North America (%)

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Cordless Power Tools Market Segments Analysis

The global cordless power tools market is segmented based on product type, tools type, end user, and region. In terms of product type, the market is grouped into drilling & fastening tools, sawing & cutting tools, demolition tools, material removal tools, and garden tools. Based on the tools type, the market is segmented into drills, saws, sanders, wrenches, impact drivers, reciprocating saws, and circular saws. Based on end user, the market is grouped into construction, DIY, gardening, industrial, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.

Analysis by Product Type

As per categorization by product type, the market is classified as drilling & fastening tools, sawing & cutting tools, demolition tools, material removal tools, and garden tools. Among these, drilling & fastening tools earned the largest share and continue to hold the dominant global cordless power tools market share. Drilling and fastening tools are at the forefront of innovation in the global cordless power tools market, driven by advancements in battery technology and ergonomics. Using these tools, you can enjoy efficiency that is heightened, increased portability, and precision in performing work both in the professional and the DIY. They have a great influence when it comes to being popular in various applications of construction, woodworking, and household improvement were drilling holes and fastening materials are commonplace. The effort to have more powerful, lightweight, and long-lasting tools further consolidates their leadership in the market.

Material removal tools are poised to become the fastest-growing segment in the global cordless power tools market due to their expanding applications in industries such as automotive, aerospace, and manufacturing. As precision machining and surface preparation are gaining popularity, there is a growing demand for cordless material removal tools that excel mobility, efficiency, and ease compared to the traditional corded types. Improved battery life has enhanced the speed control and ergonomics of these tools, thus increasing their versatility. The trend on the increase, which is aligning with growing movement toward cordless solutions to enable functional freedom combined with increasing productivity in material processing, denotes an attractively rising market for such equipment and their professional and DIY customers.

Analysis by Tools Type

Drills are a key innovation in the global cordless power tools market, with significant advancements in battery technology, motor efficiency, and adjustable speed settings. These tools are now lighter, more powerful, and have higher runtimes, which broadens their applications to include drilling holes in different materials, driving screws, and even mixing materials. Their dominance in industry is owing to such uses among different sectors which include construction, woodworking, and DIY home projects. Drills continue to tops the list of hand tools available in the market due to continuous improvement in performance, ergonomics, and safety features that fulfill a broader range of needs for both professionals and hobbyists.

Saws are expected to be the fastest-growing tool type in the global cordless power tools market due to their increasing demand in construction, demolition, and woodworking applications. Improvements in battery technology, a modern design, and enhancement in cutting proficiency have indeed made cordless saws more efficient, portable, and easier to use. Growing demands in the area of remodeling and home improvement and the need for tools that are safer, quieter, and more "green" have led to its increased acceptance. Cordless saws are now making excellent strides in the wire-free power tool market, being the king in growth and highly demanded, as the industries are realizing the need for mobility and effective cutting options.

Global Cordless Power Tools Market By Product Type (%)

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Cordless Power Tools Market Regional Insights

According to the global cordless power tools market analysis, North America is the dominating region, due to a strong demand from construction, automotive, and manufacturing sectors, coupled with technological advancements in battery life and tool performance. The region benefits from a base of thriving industry, high consumption, and a growing preference for DIY work, thus boosting the rate of adoption of these cordless power tools. Furthermore, leading manufacturers and innovative new startups are also localized within North America, so everything is accelerating continuous improvement on products. Energy-efficient, safe, and portable innovations only serve to propel the dominance of the region in the market, whereby both professional and consumer segments are leaning their usage and even preference towards cordless tools as it is both convenient and powerful.

Asia Pacific is the fastest-growing region in the global cordless power tools market, driven by rapid industrialization, urbanization, and expanding construction and manufacturing sectors. The countries are China, India, and Japan, where there are heavier investments into infrastructure development, and this inspires the demand for power tools. Increasing middle class population and DIY culture in these nations will lift the usage rate of cordless tools in both residential and commercial projects. The region has cost-effective manufacturing power due to which such advanced cordless power tools become less expensive. This is happening due to continuous innovations in tool design and battery technology, resulting in strong market growth across Asia Pacific.

Global Cordless Power Tools Market By Geography
  • Largest
  • Fastest

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Cordless Power Tools Market Dynamics

Drivers

Rising Construction and Renovation Activities

  • The booming construction and renovation industries worldwide are driving the global cordless power tools market growth. Locating easily portable tools which can accomplish more than one task has been a huge increase in recent years with the mushrooming demand for fast urbanization and infrastructural development. Cordless tools are increasingly in demand for tasks relating to construction, remodeling, and repair.

Expansion of E-commerce and Retail Channels

  • Cordless power tools have become more available to a broad audience due to the growth of e-commerce platforms and retail channels. With all the advantages of online marketplaces, such as employing convenience and competition in pricing while having a wider array of selection, so more and more consumers are encouraged to buy cordless power tools for both professional and home use.

Restraints

Limited Battery Lifespan

  • The lifespan of the rechargeable batteries in cordless power tools is very limited, and this poses a considerable limitation. With time, their performance declines, causing them not to run as long and requiring their replacement with costly new batteries. These all involve cost implications in the long-run for users, affecting them especially from the angle of high service demands or usage of tools in industries.

Power Limitations Compared to Corded Tools

  • Portability and ease of use may be offered by cordless power tools at the meantime not offering power outputs comparable to corded tools in heavy-duty applications. Such high-performance industrial users may not embrace switching entirely to cordless tools; hence certain limitations may be seen among certain sectors.

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Cordless Power Tools Market Competitive Landscape

The competitive landscape of the global cordless power tools market is marked by the presence of major international players focusing on innovation, product differentiation, and strategic expansions. The market is eventually ruled by Bosch, DeWalt (Stanley Black & Decker), Makita Corporation, Hitachi Koki, and Milwaukee Tools by providing advanced features such as longer battery life, faster charging, and improved ergonomics. These companies put in a lot of dollars in research and development, expanding their product portfolios to meet the needs of both professional and DIY consumers.

Top Players in Cordless Power Tools Market

  • Bosch (Germany)
  • DeWalt (Stanley Black & Decker) (USA)
  • Makita Corporation (Japan)
  • Milwaukee Tools (USA)
  • Hitachi Koki (Japan)
  • Hilti (Liechtenstein)
  • Ryobi (Techtronic Industries) (Hong Kong)
  • Snap-on Incorporated (USA)
  • Festool (Germany)
  • Black+Decker (Stanley Black & Decker) (USA)
  • CMT (Italy)
  • Worx (Positec) (China)
  • Einhell (Germany)
  • Koki Holdings (Japan)
  • Skil (Chervon) (China)

Recent Developments

  • In November 2024, DeWalt announced the launch of a new 20V MAX XR Cordless Drill, integrating advanced motor technology with brushless motors, specifically designed to meet the requirements of heavy-duty applications. The tool is capable of providing high runtime and efficiency for professionals involved in construction and remodeling. With this new development, the efficiency and portability of the tool for heavy tasks are enhanced.
  • Vinci, in October 2024, Makita introduces its 18V LXT® Lithium-Ion Brushless Cordless Hammer Driver-Drill. This tool would last longer and be more powerful. The tool is built for industrial users requiring reliable and high-performance solutions. With an increased battery capacity, it provides longer runtime, solidifying Makita’s position in the competitive cordless power tool market.
  • In September 2024, The M18 FUEL™ Cordless Circular Saw of Milwaukee Power Systems features a new REDLINK PLUS™ Intelligence system. The system enhances the power and overload capabilities of the tools. This saw is made for professional contractors, with justifications for its use to ensure high efficiency, extended life for batteries, and maximum productivity for high-demand use.

Cordless Power Tools Key Market Trends

Cordless Power Tools Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global cordless power tools industry has recently shown significant growth spurt due to the innovation in technology attained by different industries, especially construction. Continuous advancements in battery technology and tools ergonomics make cordless tools efficient, versatile, and easy to use. These basically drive the adoption rate for these power tools.

Increasing demand for these tools also complements the growth figures associated with the construction sector. Another major ongoing trend affecting the future course of the market is the demand for tools-light yet sturdy, smart but compact. This will ensure that growth does not stall but continues in the coming years with product improvements and new developments.

Report Metric Details
Market size value in 2023 USD 25.05 Billion
Market size value in 2032 USD 40.21 Billion
Growth Rate 5.4%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Drilling and Fastening Tools, Sawing and Cutting Tools, Demolition Tools, Material Removal Tools, and Garden Tools
  • Tools Type
    • Drills, Saws, Sanders, Wrenches, Impact Drivers, Reciprocating Saws, and Circular Saws
  • End User
    • Construction, DIY, Gardening, Industrial, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bosch (Germany)
  • DeWalt (Stanley Black & Decker) (USA)
  • Makita Corporation (Japan)
  • Milwaukee Tools (USA)
  • Hitachi Koki (Japan)
  • Hilti (Liechtenstein)
  • Ryobi (Techtronic Industries) (Hong Kong)
  • Snap-on Incorporated (USA)
  • Festool (Germany)
  • Black+Decker (Stanley Black & Decker) (USA)
  • CMT (Italy)
  • Worx (Positec) (China)
  • Einhell (Germany)
  • Koki Holdings (Japan)
  • Skil (Chervon) (China)
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cordless Power Tools Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cordless Power Tools Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cordless Power Tools Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cordless Power Tools Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cordless Power Tools Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cordless Power Tools Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Cordless Power Tools Market size was valued at USD 25.05 Billion in 2023 poised to grow from USD 26.40 Billion in 2024 to USD 40.21 Billion by 2032, growing at a CAGR of 5.4% in the forecast period (2025-2032).

The competitive landscape of the global cordless power tools market is marked by the presence of major international players focusing on innovation, product differentiation, and strategic expansions. The market is eventually ruled by Bosch, DeWalt (Stanley Black & Decker), Makita Corporation, Hitachi Koki, and Milwaukee Tools by providing advanced features such as longer battery life, faster charging, and improved ergonomics. These companies put in a lot of dollars in research and development, expanding their product portfolios to meet the needs of both professional and DIY consumers. 'Bosch (Germany)', 'DeWalt (Stanley Black & Decker) (USA)', 'Makita Corporation (Japan)', 'Milwaukee Tools (USA)', 'Hitachi Koki (Japan)', 'Hilti (Liechtenstein)', 'Ryobi (Techtronic Industries) (Hong Kong)', 'Snap-on Incorporated (USA)', 'Festool (Germany)', 'Black+Decker (Stanley Black & Decker) (USA)', 'CMT (Italy)', 'Worx (Positec) (China)', 'Einhell (Germany)', 'Koki Holdings (Japan)', 'Skil (Chervon) (China)'

The booming construction and renovation industries worldwide are driving the global cordless power tools market growth. Locating easily portable tools which can accomplish more than one task has been a huge increase in recent years with the mushrooming demand for fast urbanization and infrastructural development. Cordless tools are increasingly in demand for tasks relating to construction, remodeling, and repair.

Integration of Smart Technology in Cordless Tools: The emergence of intelligent functions, such as Bluetooth connectivity and remote control via an app, in battery-powered power tools is one of the most important trends in this market. They give users the ability to monitor the performance of their devices, track the life of the battery, and streamline usage for more efficiency-this is what inspires new developments in both sectors, consumer and professional.

According to the global cordless power tools market analysis, North America is the dominating region, due to a strong demand from construction, automotive, and manufacturing sectors, coupled with technological advancements in battery life and tool performance. The region benefits from a base of thriving industry, high consumption, and a growing preference for DIY work, thus boosting the rate of adoption of these cordless power tools. Furthermore, leading manufacturers and innovative new startups are also localized within North America, so everything is accelerating continuous improvement on products. Energy-efficient, safe, and portable innovations only serve to propel the dominance of the region in the market, whereby both professional and consumer segments are leaning their usage and even preference towards cordless tools as it is both convenient and powerful.

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Cordless Power Tools Market

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