Cordless Power Tools Market Size - By Tool Type (Drills, Saws, Lawn Mower, Impact Wrench, Sander, Grinder), By Motor Type (Brushed Motor, Brushless Motor), By End-User (Industrial, Residential, Commercial), Application, Voltage, Distribution Channel & For

Cordless Power Tools Market Size - By Tool Type (Drills, Saws, Lawn Mower, Impact Wrench, Sander, Grinder), By Motor Type (Brushed Motor, Brushless Motor), By End-User (Industrial, Residential, Commercial), Application, Voltage, Distribution Channel & Forecast, 2024 - 2032

Global Cordless Power Tools Market will witness 6.4% CAGR between 2024 and 2032, driven by the influx of new product launches from industry leaders. As prominent companies continue to innovate and introduce advanced cordless tools, consumers will be served with a diverse array of options boasting enhanced performance, convenience, and durability.

For instance, in January 2024, Bosch Power Tools unveiled plans to introduce over 30 new cordless products in 2024, expanding its already extensive lineup of cordless tools and accessories. These latest offerings, alongside popular favorites, will be featured at the 2024 World of Concrete Conference in Las Vegas, NV, showcasing Bosch's ongoing dedication to delivering top-tier tools and optimizing solutions for professionals in demanding work environments. With a diverse range of products, from Bulldog Tough SDS-plus Drill Bits to Impact Wrenches to Inspection Cameras, Bosch aims to empower users to tackle concrete and other materials with enhanced versatility and extended battery life.

From drills and saws to impact drivers and sanders, these innovative offerings cater to various applications, enticing both professionals and DIY enthusiasts alike. With leading companies driving the market forward through continuous product innovation, the demand for cordless power tools continues to soar.

The overall Cordless Power Tools Industry size is classified based on the tool type, motor type, end-user, application, voltage, distribution channel, and region.

The saws segment will undergo significant development from 2024 to 2032. As professionals and DIY enthusiasts seek greater convenience and flexibility in their work, cordless saws offer a portable and versatile solution. Whether for cutting wood, metal, or other materials, cordless saws provide the power and precision needed for various applications. With advancements in battery technology enabling longer runtimes and faster charging, the demand for cordless saws continues to rise, driving innovation and competition in the market.

The cordless power tools market share from the brushless motor segment will register a noteworthy CAGR from 2024 to 2032. Renowned for their efficiency, durability, and extended battery life, brushless motors have become a preferred choice among professionals and DIY enthusiasts alike. These motors offer higher power output, reduced maintenance requirements, and enhanced performance compared to traditional brushed motors. As consumers increasingly prioritize efficiency and performance in their power tools, the demand for cordless tools equipped with brushless motors continues to grow, propelling market expansion.

Asia Pacific cordless power tools industry will showcase a commendable CAGR from 2024 to 2032. With rapid urbanization and industrialization across countries like China, India, and Japan, there is a surging need for portable and efficient power tools. Professionals and DIY enthusiasts alike seek cordless solutions for increased mobility and convenience.

Moreover, as the region witnesses technological advancements and rising disposable incomes, the demand for cordless power tools in the APAC region is expected to continue its upward trajectory, driving market expansion. For instance, in October 2023, HiKOKI Power Tools, hailing from Japan, introduced a series of cordless lighting solutions designed to withstand various construction environments and applications, from confined spaces to expansive worksites. With impressive battery life, each light in the HiKOKI lineup is compatible with the company’s 18V or MultiVolt batteries.