USD 25.05 Billion
Report ID:
SQMIG45J2256 |
Region:
Global |
Published Date: January, 2025
Pages:
185
|Tables:
98
|Figures:
71
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
To get more reports on the above market click here to Buy The Report
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.
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.
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Rising Construction and Renovation Activities
Expansion of E-commerce and Retail Channels
Limited Battery Lifespan
Power Limitations Compared to Corded Tools
Request Free Customization of this report to help us to meet your business objectives.
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.
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 |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG45J2256
[email protected]
USA +1 351-333-4748