Global Cordless Power Tools Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Motor Type;
Brushed Motor and Brushless Motor.By Tool Type;
Drills, Saws, Lawn Mower, Impact Wrench, Sander, and Grinder.By End-user;
Professional and Consumer.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Cordless Power Tools Market (USD Million), 2021 - 2031
In the year 2024, the Global Cordless Power Tools Market was valued at USD 2,724.18 million. The size of this market is expected to increase to USD 4,317.52 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.
The Global Cordless Power Tools Market has seen remarkable growth in recent years, driven by advancements in battery technology and increasing demand for more flexible and efficient tools. Cordless power tools, which include drills, saws, and impact wrenches, among others, offer significant advantages over their corded counterparts, such as enhanced mobility, ease of use, and safety. These tools are powered by rechargeable batteries, predominantly lithium-ion, which have become more efficient, lightweight, and long-lasting, contributing to the growing adoption of cordless solutions across various industries.
The construction and automotive sectors are major consumers of cordless power tools, benefiting from their convenience and performance. In construction, these tools facilitate tasks in locations where access to power outlets is limited or non-existent, while in automotive applications, mechanics appreciate the freedom from cords that can hinder movement and efficiency. Moreover, the DIY market has also embraced cordless power tools, as homeowners and hobbyists seek reliable and user-friendly equipment for home improvement projects. The market’s expansion is supported by continuous innovations from leading manufacturers, who are integrating smart technologies and enhancing the durability and power of these tools.
Environmental concerns and regulations are also playing a crucial role in shaping the cordless power tools market. Manufacturers are increasingly focusing on producing energy-efficient tools that reduce overall power consumption and lower carbon footprints. Additionally, the shift towards sustainable and eco-friendly products is driving the adoption of recyclable and biodegradable materials in the production of these tools. As a result, the global cordless power tools market is not only growing in terms of volume and variety but also evolving to meet the demands of a more environmentally conscious consumer base.
Global Cordless Power Tools Market Recent Developments
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In January 2022, Bosch Power Tools acquired Robert Bosch GmbH's industrial drive and control business, expanding its presence in the industrial automation market, which utilizes cordless power tools.
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In July 2020, Stanley Black & Decker acquired MTD Products, a manufacturer of outdoor power equipment, expanding its product portfolio in the cordless power tools market.
Segment Analysis
In the Global Cordless Power Tools Market, segmentation by Motor Type, End-user, and Geography provides a comprehensive understanding of market dynamics and opportunities. Motor Type segmentation distinguishes between brushed and brushless motors. Brushed motors, traditional and cost-effective, are widely used in basic tools. However, brushless motors, offering higher efficiency, longer life, and reduced maintenance, are becoming increasingly popular. The shift towards brushless motors is driven by advancements in technology and growing demand for high-performance tools. This segmentation helps manufacturers innovate and cater to diverse consumer preferences, balancing cost and performance.
End-user segmentation divides the market into Professional and Consumer categories. Professional users, including construction, automotive, and manufacturing sectors, demand robust, durable, and high-powered tools to enhance productivity in challenging environments. These users prioritize advanced features, long battery life, and reliability. Conversely, the Consumer segment targets DIY enthusiasts and homeowners who value ease of use, portability, and versatility for home improvement tasks. This segment is driven by the growing trend of DIY projects and the need for user-friendly, affordable tools. Understanding these distinct needs enables manufacturers to develop targeted products and marketing strategies, ensuring they meet the specific requirements of both professional and consumer users.
Geographical segmentation provides insights into regional market trends and growth drivers. North America and Europe hold significant market shares due to robust industrial bases, high adoption rates of advanced technologies, and a strong DIY culture. The United States and major European countries like Germany and the United Kingdom are key markets with established infrastructure and significant investments in construction and automotive sectors. Asia-Pacific is a rapidly growing market, driven by industrialization, urbanization, and expanding middle-class populations in countries like China and India. The region’s burgeoning construction industry and numerous manufacturing hubs contribute to increasing demand for cordless power tools. This geographical analysis helps manufacturers identify key growth regions and tailor their strategies to capitalize on regional opportunities and trends in the global market.
Global Cordless Power Tools Segment Analysis
In this report, the Global Cordless Power Tools Market has been segmented by Motor Type, Tool Type, End-user, and Geography.
Global Cordless Power Tools Market, Segmentation by Motor Type
The Global Cordless Power Tools Market has been segmented by Motor Type into Brushed Motor and Brushless Motor
Brushed motors are the traditional choice in cordless power tools, characterized by their simpler design and lower production costs. They use carbon brushes to transfer electrical current, which creates friction and wear over time, necessitating regular maintenance. Despite these drawbacks, brushed motors remain popular in cost-sensitive applications and among users who prioritize affordability over long-term efficiency. Their robustness and simplicity make them suitable for a wide range of basic tasks, catering to both professionals in less demanding settings and DIY consumers.
Brushless motors, on the other hand, represent a significant leap in motor technology. These motors do not use brushes, which eliminates the friction and wear associated with brushed motors, resulting in longer lifespan, higher efficiency, and reduced maintenance. Brushless motors are controlled electronically, which allows for better performance management and increased power output. This makes them ideal for heavy-duty professional applications where reliability and power are crucial. The higher initial cost of brushless motors is offset by their superior performance and durability, making them an increasingly preferred choice in both the professional and high-end consumer segments. The adoption of brushless motors is driven by the growing demand for advanced, efficient, and low-maintenance tools.
The segmentation of the market by motor type underscores the diverse needs within the cordless power tools market and the importance of innovation. As manufacturers continue to develop more efficient and durable brushless motors, their adoption is expected to rise, especially in professional and demanding applications. However, brushed motors will likely maintain a presence in the market due to their cost-effectiveness and suitability for less intensive tasks. This dual segmentation allows companies to cater to a broad spectrum of users, from budget-conscious consumers to professionals seeking high-performance tools. Understanding the advantages and limitations of each motor type is crucial for manufacturers to effectively meet market demands and sustain growth in the global cordless power tools market.
Global Cordless Power Tools Market, Segmentation by Motor Type
The Global Cordless Power Tools Market has been segmented by Motor Type into Drills, Saws, Lawn Mower, Impact Wrench, Sander, and Grinder.
Drills are among the most widely used cordless power tools, essential for drilling holes and driving fasteners in various materials like wood, metal, and concrete. The shift towards brushless motors in cordless drills has improved efficiency, durability, and battery performance, making them a preferred choice for professionals and DIY enthusiasts. Saws, including circular saws, reciprocating saws, jigsaws, and miter saws, are extensively used in woodworking, metalworking, and construction. The cordless technology in saws has enhanced portability, allowing for greater flexibility and ease of use on job sites where mobility is crucial. The advancement in lithium-ion battery technology has also contributed to the improved runtime and power of cordless saws, making them comparable to their corded counterparts in terms of performance.
Lawn Mowers represent another key segment in the cordless power tools market, driven by the increasing demand for eco-friendly and zero-emission landscaping equipment. Cordless lawn mowers are gaining popularity due to their quiet operation, reduced maintenance, and improved battery life, which allows users to maintain lawns without the hassle of fuel or extension cords. The introduction of self-propelled and robotic cordless lawn mowers has further revolutionized this segment, offering convenience and automation for homeowners and landscaping professionals. Impact Wrenches, primarily used in the automotive and construction sectors, have seen significant growth due to the increasing adoption of high-torque brushless models that provide exceptional power and runtime. These tools are crucial for loosening and tightening nuts and bolts in vehicle maintenance, heavy equipment repairs, and assembly lines. The cordless impact wrenches have become a preferred choice over pneumatic models, offering the same level of torque while eliminating the need for air compressors and hoses.
Sanders are widely used in woodworking and finishing applications, allowing for smooth surfaces by removing imperfections, old paint, or varnish. The rise of cordless sanders, including random orbital sanders, detail sanders, and belt sanders, has enabled greater mobility and efficiency in sanding tasks. With advancements in dust collection systems and ergonomic designs, these tools have become more convenient for professionals and DIY users alike. Grinders, on the other hand, are essential in metalworking, construction, and fabrication for cutting, grinding, and polishing materials. The development of high-performance cordless angle grinders has increased their adoption in various industries, providing the freedom to work without power cords while maintaining high-speed RPMs and powerful performance.
Global Cordless Power Tools Market, Segmentation by End-user
The Global Cordless Power Tools Market has been segmented by End-user into Professional and Consumer.
Professional users encompass sectors like construction, automotive, manufacturing, and more, where high-performance tools are essential for daily operations. Professionals prioritize durability, power, and advanced features in cordless power tools, which facilitate efficiency and productivity in demanding environments. These users often seek tools with long battery life, quick charging capabilities, and robust build quality to withstand rigorous use. Manufacturers cater to this segment by offering specialized tools with enhanced specifications, ensuring reliability and superior performance for professional applications.
The Consumer segment, on the other hand, comprises DIY enthusiasts, homeowners, and hobbyists who use cordless power tools for personal projects and home improvement tasks. For this group, ease of use, portability, and safety are paramount. Consumers look for tools that are lightweight, easy to handle, and versatile enough to perform a variety of tasks around the house. The growing trend of DIY projects has significantly boosted the demand for cordless power tools in this segment, as more individuals undertake home renovations, repairs, and craft projects. Manufacturers address this market by producing user-friendly tools with ergonomic designs, safety features, and affordable pricing, making them accessible to a broader audience.
The distinction between these end-user segments drives innovation and diversification within the cordless power tools market. While professional users push for high-end, technologically advanced tools, the consumer segment demands practical and cost-effective solutions. This segmentation helps manufacturers tailor their product offerings to meet the specific requirements of each group, fostering growth and expansion in the market. By understanding and addressing the unique needs of both professional and consumer users, companies can develop targeted marketing strategies and product lines, ultimately enhancing customer satisfaction and loyalty in the global cordless power tools market.
Global Cordless Power Tools Market, Segmentation by Geography
In this report, the Global Cordless Power Tools Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Cordless Power Tools Market Share (%), by Geographical Region, 2024
The global cordless power tools market exhibits varied growth patterns across different geographical regions. North America holds a significant share of the market, driven by robust demand from the construction and automotive sectors. The region's well-established infrastructure, coupled with a high adoption rate of advanced technologies, contributes to the widespread use of cordless power tools. The United States, in particular, is a major market, with a strong presence of leading manufacturers and a high rate of DIY activities among consumers.
In Europe, the market is also experiencing substantial growth, supported by increasing investments in infrastructure projects and a rising focus on sustainable and energy-efficient tools. Countries such as Germany, the United Kingdom, and France are key contributors to the market, with a strong industrial base and growing emphasis on green technologies. The European market is characterized by a high demand for precision tools and smart technologies, which are driving the adoption of advanced cordless power tools.
Asia-Pacific is emerging as a rapidly growing market for cordless power tools, fueled by the booming construction industry, rapid urbanization, and industrialization in countries like China and India. The region's large population base and expanding middle class are driving demand for residential and commercial construction, leading to increased use of cordless power tools. Additionally, the presence of numerous manufacturing hubs in Asia-Pacific contributes to the growth of the market, as these tools are essential for efficient production processes. Overall, the global cordless power tools market is witnessing dynamic growth across different regions, each with its unique drivers and opportunities.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Cordless Power Tools Market. These factors include; Market Drivers, Restraints and Opportunities Analysis
Drivers, Restraints and Opportunity Analysis
Drivers
- Battery technology advancements
- Increased DIY projects
- Construction industry growth
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Automotive sector demand:The automotive sector's demand for cordless power tools is a significant driver of the market. The industry relies heavily on these tools for various applications, including assembly, maintenance, and repair tasks. Cordless power tools offer mechanics and technicians the flexibility and convenience needed to work efficiently in confined and complex spaces within vehicles. For instance, cordless impact wrenches and drills are widely used for tasks such as tightening bolts, drilling holes, and performing intricate repairs without the hindrance of cords. This mobility and ease of use enhance productivity and reduce downtime in automotive workshops and manufacturing plants.
Moreover, the rise of electric and autonomous vehicles has further propelled the need for advanced cordless power tools. As these vehicles become more sophisticated, the complexity of their components and the precision required in assembly and maintenance increase. Cordless power tools equipped with smart technologies, such as torque control and digital connectivity, provide the accuracy and control needed to meet these demands. Additionally, the automotive sector’s emphasis on efficiency and sustainability aligns with the advancements in cordless power tools, which are becoming more energy-efficient and environmentally friendly. This synergy between the automotive industry’s evolving needs and the capabilities of modern cordless power tools is driving market growth and innovation.
Restraints
- High initial costs
- Battery disposal issues
- Limited power output
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Intense market competition:Intense market competition poses a significant restraint for the global cordless power tools market. The market is characterized by the presence of numerous established players and new entrants, all vying for market share. Companies like Bosch, Dewalt, Makita, and Milwaukee dominate the market with their extensive product portfolios, strong brand recognition, and continuous innovation. This competitive landscape leads to price wars and pressures on profit margins, as manufacturers strive to offer high-quality products at competitive prices to attract and retain customers. Smaller players and new entrants often struggle to compete with these giants, making it challenging to gain a foothold in the market.
Moreover, the rapid pace of technological advancements in cordless power tools intensifies competition. Leading manufacturers are constantly investing in research and development to introduce innovative features, such as enhanced battery life, improved ergonomics, and smart tool integrations. These advancements set high standards for the industry, compelling other players to keep up or risk losing their market position. As a result, companies must continually innovate and differentiate their products to stay competitive. This relentless competition drives the market forward but also poses significant challenges for businesses, particularly those with limited resources and capabilities.
Opportunities
- Smart tool integration
- Emerging markets growth
- Green manufacturing trends
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Product diversification:Product diversification presents a significant opportunity for growth in the global cordless power tools market. As consumer needs and preferences evolve, manufacturers are exploring new product categories and expanding their offerings to cater to a broader range of applications. This diversification includes developing specialized tools for specific industries, such as healthcare, aerospace, and agriculture, where cordless solutions can enhance operational efficiency and safety. For example, the introduction of cordless surgical tools in healthcare settings allows for more precise and flexible operations, while in agriculture, cordless pruning shears and hedge trimmers improve productivity and ease of use for farmers.
Furthermore, the integration of smart technologies into cordless power tools is driving product diversification. Manufacturers are incorporating features such as Bluetooth connectivity, GPS tracking, and real-time performance monitoring into their tools, creating new use cases and adding value for end-users. These smart tools enable users to track tool usage, receive maintenance alerts, and optimize performance, thereby improving overall efficiency and reducing downtime. The growing trend of connected and automated tools is opening up new avenues for product development and differentiation in the market. By expanding their product lines and incorporating advanced technologies, manufacturers can tap into new customer segments and enhance their competitive edge.
Competitive Landscape Analysis
Key players in Global Cordless Power Tools Market include:
- Atlas Copco AB
- Robert Bosch GmbH
- Hilti Corp.
- Hitachi Ltd.
- Makita Corp.
- MTD Products Inc.
- Panasonic Corp.
- Snap-on Inc.
- Stanley Black & Decker Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Motor Type
- Market Snapshot, By Tool Type
- Market Snapshot, By End-user
- Market Snapshot, By Region
- Global Cordless Power Tools Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Battery technology advancements
- Increased DIY projects
- Construction industry growth
- Automotive sector demand
- Restraints
- High initial costs
- Battery disposal issues
- Limited power output
- Intense market competition
- Opportunities
- Smart tool integration
- Emerging markets growth
- Green manufacturing trends
- Product diversification
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Cordless Power Tools Market, By Motor Type, 2021 - 2031 (USD Million)
- Brushed Motor
- Brushless Motor
- Global Cordless Power Tools Market, By Tool Type, 2021 - 2031 (USD Million)
- Drills
- Saws
- Lawn Mower
- Impact Wrench
- Sander
- Grinder
- Global Cordless Power Tools Market, By End-user, 2021 - 2031 (USD Million)
- Professional
- Consumer.
- Global Cordless Power Tools Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Cordless Power Tools Market, By Motor Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Atlas Copco AB
- Robert Bosch GmbH
- Hilti Corp.
- Hitachi Ltd.
- Makita Corp.
- MTD Products Inc.
- Panasonic Corp.
- Snap-on Inc.
- Stanley Black & Decker Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market