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).
Report ID: Rn097425712 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Motor Type
    2. Market Snapshot, By Tool Type
    3. Market Snapshot, By End-user
    4. Market Snapshot, By Region
  4. Global Cordless Power Tools Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Battery technology advancements
        2. Increased DIY projects
        3. Construction industry growth
        4. Automotive sector demand
      2. Restraints
        1. High initial costs
        2. Battery disposal issues
        3. Limited power output
        4. Intense market competition
      3. Opportunities
        1. Smart tool integration
        2. Emerging markets growth
        3. Green manufacturing trends
        4. Product diversification
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cordless Power Tools Market, By Motor Type, 2021 - 2031 (USD Million)
      1. Brushed Motor
      2. Brushless Motor
    2. Global Cordless Power Tools Market, By Tool Type, 2021 - 2031 (USD Million)
      1. Drills
      2. Saws
      3. Lawn Mower
      4. Impact Wrench
      5. Sander
      6. Grinder
    3. Global Cordless Power Tools Market, By End-user, 2021 - 2031 (USD Million)
      1. Professional
      2. Consumer.
    4. Global Cordless Power Tools Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Atlas Copco AB
      2. Robert Bosch GmbH
      3. Hilti Corp.
      4. Hitachi Ltd.
      5. Makita Corp.
      6. MTD Products Inc.
      7. Panasonic Corp.
      8. Snap-on Inc.
      9. Stanley Black & Decker Inc.
  7. Analyst Views
  8. Future Outlook of the Market