Global Cordless Power Tools Market Growth 2025-2031

Global Cordless Power Tools Market Growth 2025-2031

The global Cordless Power Tools market size is predicted to grow from US$ 14570 million in 2025 to US$ 23570 million in 2031; it is expected to grow at a CAGR of 8.4% from 2025 to 2031.

Power tools play an increasingly important role in the daily activities of mankind, and along with the evolution of user habits and consumer preferences to miniaturization, portable development, cordless lithium tools have become the fastest popularization of power tools in recent years in the product type. Cordless power tools from AC power to battery-powered DC power, and lithium batteries compared to traditional nickel-cadmium batteries, nickel-metal hydride batteries with high energy density, long cycle life, clean and pollution-free advantages, has become the mainstream power cordless DC power tools program. Cordless lithium battery power tools can get rid of the cable on the use of environmental restrictions, reduce the occurrence of electric shock accidents, and better play flexibility.

The market for cordless power tools has witnessed significant growth over the past decade, driven by technological advancements, increasing urbanization, and the expanding construction industry. Here are some trends and insights into the cordless power tool market as of QYResearch last update:

Market Trends

Battery Technology Advancements: One of the key trends in the cordless power tools market is the advancement in battery technology. Lithium-ion batteries have become the industry standard due to their higher energy density, longer lifespans, and reduced self-discharge rates. The development of these batteries has enabled the production of more powerful and lightweight tools.

Higher Power Output: Advances in motor technology have led to the production of cordless tools that can match or even exceed the power of their corded counterparts. Brushless motors are now common, offering increased efficiency, longer runtime, and extended tool life.

Smart Tools: The integration of smart technology into power tools is a growing trend. Tools are now being equipped with Bluetooth connectivity, which allows for features like tool control, data tracking, and remote diagnostics.

Modular Systems: Many manufacturers are developing systems where the battery and charger are compatible across a wide range of tools. This allows users to purchase one battery and charger, and then use them with multiple tools, which is both cost-effective and convenient.

Professional Grade for DIY Enthusiasts: Professional-grade cordless tools are becoming more accessible to DIY enthusiasts. The performance gap between professional and consumer-level tools is narrowing, encouraging more hobbyists to invest in higher-quality tools.

Sustainability and Eco-Friendliness: As concerns over the environment grow, there's an increasing trend towards sustainability in power tools. This includes the development of tools with more efficient energy use and the use of recycled materials in their construction.

E-Commerce Sales: Online sales channels are becoming a significant distribution channel for cordless power tools. E-commerce platforms provide consumers with a convenient way to compare products, read reviews, and purchase tools directly.

Market Growth Factors

Construction and Infrastructure Projects: The demand for cordless power tools is closely linked to construction activities. The growth in infrastructure development in emerging economies is a major driver of the market.

Home Improvement and DIY Movement: The DIY movement has encouraged more individuals to take on home improvement projects, increasing the demand for user-friendly cordless power tools.

Professional Trades: Electricians, plumbers, carpenters, and other tradespeople are increasingly adopting cordless tools due to their convenience, flexibility, and performance.

Market Challenges

Cost: The initial cost of cordless power tools, especially those with advanced features, can be higher than their corded equivalents.

Battery Life and Replacement Costs: Although battery technology has improved, the cost and lifespan of batteries are concerns for users.

Competition and Market Saturation: The market is highly competitive, with many players vying for market share. This can make it challenging for new entrants to establish themselves.

Future Outlook

The cordless power tool market is expected to continue growing, driven by innovation and the increasing preference for portability and convenience. The focus on smart technology and the integration of IoT (Internet of Things) is likely to further expand the capabilities and applications of these tools. Sustainability initiatives may also shape the future of the market, with a potential shift towards even more environmentally friendly materials and processes.

LP Information, Inc. (LPI) ' newest research report, the “Cordless Power Tools Industry Forecast” looks at past sales and reviews total world Cordless Power Tools sales in 2024, providing a comprehensive analysis by region and market sector of projected Cordless Power Tools sales for 2025 through 2031. With Cordless Power Tools sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cordless Power Tools industry.

This Insight Report provides a comprehensive analysis of the global Cordless Power Tools landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cordless Power Tools portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cordless Power Tools market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cordless Power Tools and breaks down the forecast by Type, by End Users, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cordless Power Tools.

This report presents a comprehensive overview, market shares, and growth opportunities of Cordless Power Tools market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Drill
Screwdrivers
Angle Grinder
Hammers
Wrenches
Saw
Others

Segmentation by End Users:
Professional
Consumer

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
TTI
Stanley Black & Decker
Bosch
Makita
HiKOKI
Hilti
Snap-on Incorporated
Dongcheng
Festool
CHERVON
C. & E. Fein
Emerson
Jiangsu Jinding
Positec Group
KEN
Zhejiang Boda Industrial
Chicago Pneumatic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cordless Power Tools market?

What factors are driving Cordless Power Tools market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cordless Power Tools market opportunities vary by end market size?

How does Cordless Power Tools break out by Type, by End Users?

Please note: The report will take approximately 2 business days to prepare and deliver.