Cordless Multi Rotary Tools Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

Cordless Multi Rotary Tools Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

The Global Cordless Multi Rotary Tools Market was valued at USD 870.4 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2032. The increasing popularity of cordless tools stems from their convenience and ease of use, allowing users to work in areas without access to power outlets. The rise of online resources, such as video tutorials and step-by-step guides, has also empowered more people to tackle home improvement projects, boosting demand for these versatile tools. This trend has led to significant investments in cordless rotary tools, enabling users to achieve professional-level results on their own.

Cordless multi rotary tools are widely used across various industrial sectors, such as construction, automotive, and manufacturing, due to their versatility and precision. These tools are ideal for tasks like cutting, sanding, and polishing in environments where mobility and accuracy are essential. The shift towards efficient operations in these industries has driven the adoption of cordless solutions, which reduce downtime and enhance productivity. The growth of small businesses in fields like woodworking and custom crafts has also contributed to the increasing demand for high-performance, portable rotary tools capable of handling a wide range of tasks.

The drills segment was the largest revenue generator in 2023, valued at around USD 274 million, and is expected to grow at a CAGR of 6.6% from 2024 to 2032. Drills, as the most widely used cordless power tool, play a crucial role in both professional and DIY projects, performing tasks such as drilling holes and driving screws. The adoption of lithium-ion batteries has significantly improved the efficiency and mobility of cordless drills, making them a preferred choice for users. The growing need for portable, powerful tools in the construction sector is further driving the demand for drills, particularly those designed for high torque and precision.

In terms of voltage, the medium voltage segment, representing tools in the 12V to less than 18V range, held 45.4% of the market share in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2032. These tools help balance power and portability, making them popular among both professionals and DIY enthusiasts. The advancement of battery technology continues to improve the performance and efficiency of medium voltage tools, contributing to their increasing popularity. With the growing emphasis on battery-powered solutions, these tools are well-positioned to lead the market as consumers seek convenience and flexibility in their tool choices.

The U.S. cordless multi rotary tools market surpassed USD 188.9 million in 2023 and is expected to maintain a strong growth trajectory, driven by demand across various industries, including construction, automotive, and DIY. The country's robust manufacturing base, coupled with continuous innovation in cordless technology, has facilitated the expansion of this market. As more consumers and professionals turn to battery-powered tools for their portability and efficiency, the market is set to grow steadily in the coming years.