The Market Reports

Synopsis
The global market for Cordless Power Tools was estimated to be worth US$ 14220 million in 2024 and is forecast to a readjusted size of US$ 21540 million by 2031 with a CAGR of 6.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Cordless Power Tools cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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.
This report aims to provide a comprehensive presentation of the global market for Cordless Power Tools, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Cordless Power Tools by region & country, by Type, and by End Users.
The Cordless Power Tools market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cordless Power Tools.
Market Segmentation
By Company
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
Segment by Type
Drill
Screwdrivers
Angle Grinder
Hammers
Wrenches
Saw
Others
Segment by End Users
Professional
Consumer
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Cordless Power Tools manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by End Users, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Cordless Power Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Cordless Power Tools in country level. It provides sigmate data by Type, and by End Users for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index