| Study Period | 2019 - 2032 |
| 2024 Market Size | USD 27.7 Billion |
| 2025 Market Size | USD 30.2 Billion |
| 2032 Forecast | USD 52.7 Billion |
| Growth Rate (CAGR) | 11.8% |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Fragmented |
| Largest End User Category | Industrial |
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The global cordless power tools market size in 2024 is USD 27.2 billion, and it is expected to advance at a CAGR of 11.8% during the forecast period (2025–2032), to reach USD 52.7 billion by 2032.
The primary factors driving the market growth are the expanding acceptance of cordless power tools, rising need for fastening tools in the industrial sector, and booming construction industry in developing nations.
Moreover, technological breakthroughs have resulted in the development of numerous tools and machines. Since battery-powered tools increase worker efficiency, they are widely replacing handheld and wired electric variants. Furthermore, the construction industry is under intense strain to use equipment that minimizes the requirement for human labor. The spike in infrastructure activities will, thus, act as a boon for the market in future. The rise in the cost of manual labor, increase in home repair activities, and growth in the number of DIY users also drive the demand for user-friendly products.
Drilling & fastening tools hold the largest share, of 30%, and they will also witness the highest CAGR during the forecast period. They are in great demand in a variety of industries, including construction and manufacturing. These tools are also employed in DIY residential and commercial projects.
The sawing and cutting tools category is the second-largest, as these instruments are typically utilized for the precise cutting of wood and metals. They are also utilized in DIY projects, because most vendors sell user-friendly cutting instruments, such as jigsaws, for home improvement and woodworking.
To achieve the desired product shape and dimension, material removal tools are employed to clean undesirable material off of metals. The growing need for fabricated metal products is driving the expansion of the material removal tools market, particularly because cordless electric material removal tools are widely used in a variety of industrial applications.
Similarly, demolition tools are widely employed to bring down a variety of structures. Extensively used in the construction sector, demolition hammer tools are powerful enough to splinter wood walls, concrete surfaces, and tile flooring.
In the coming years, sales of routing tools will expand dramatically. For copying components, profiling edges, polishing veneer, cutting joinery, mortising inlays, and creating hinge mortises, routers are widely used in the woodworking industry. Price, performance, ergonomics, and runtime are some of the key deciding considerations in purchasing.
These tool types are covered in the report:
The industrial sector accounts for the largest revenue share in the market due to its frequent use of cordless power tools. The primary reason for the dominance of industrial applications is the acceptance of cutting-edge technology, especially in the construction sector. Due to the increasing construction and restoration operations, the construction sector generates the most revenue, followed by the automobile industry, which involves the assembly of high-precision parts.
Modern infrastructure projects have increased the demand for battery-powered tools in the construction sector because they promote worker safety, while offering better efficiency and accuracy. Cordless drills and cutters are common pieces of power equipment in the construction industry. Construction activities are expected to grow dramatically in developing countries, such as India and China, as a result of the strong government support and rising income levels, which will fuel the market's growth.
The residential category is expected to have the highest CAGR, of 9.0%, over the projection period. The growing popularity of the DIY culture is the main factor contributing to the cordless power tools market growth in this category.
The key factor behind the significant growth rate of domestic applications is the accessibility of user-friendly and simple-to-use cordless power tools. The number of renovation and remodeling projects is rising, which is causing an increase in the use of cordless power tools in the residential market.
The report offers insights on the below-mentioned end uses:
The brushed category dominates the market with 60% share because brushed motors have been around longer, and people are well aware of them and their advantages. These motors offer a long lifespan with proper maintenance, thus eliminating the expenses on motor and tool replacement. In addition, their design is simple, with minimal internal components, making them less prone to breakage.
The brushless bifurcation will witness the faster growth during the forecast period. These power sources last longer than their brushed counterparts, which reduces replacement and repair expenses for users. Their lower maintenance requirement is credited to the absence of brushes, which decreases wear and tear. The absence of brushes and commutators also leads to less friction, thereby reducing heat generation. Further, they better convert electrical energy into mechanical power, leading to better performance of the tool. In the near future, the growth of this category will also be driven by the decreasing cost of cordless power tools with BLDC motors.
The segment is bifurcated as follows:
The 12 V category has the largest share in the market as tools with these batteries are produced in mass volumes and are the cheapest of all. Tools housing these power sources also have a low weight, which enables comfortable operations without frequent stopping. Additionally, to increase their appeal in front of higher-power variants, these batteries are being advanced to offer longer working hours, durability, and reliability.
The 20 V category is the fastest growing in the market, with a predicted CAGR of 10.0% during this decade. This is attributed to the rising demand for higher-power tools for high-performance tasks. As people continue to take on larger auto retrofitting and home improvement projects by themselves, they are demanding tools that offer higher mechanical power and can operate for long hours.
Batteries with these voltages were part of our study:
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The following is the geographical breakdown of the market:
The market is distinguished by high fragmentation and intense competition, and to maintain a strong presence, businesses must modify and refine their distinctive value propositions. The market is now moderately fragmented, dominated by local vendors, and distinguished by the presence of numerous global and regional providers. Regional vendors are going to find it increasingly difficult to compete with global businesses as international players expand their market reach. The competition will be entirely on the basis of durability, technology, services, price, and personalization.
Furthermore, abundant raw material availability is crucial for cordless power tool manufacturers. Fluctuating raw material, components, and finished goods costs could create manufacturing interruptions, delays, inefficiencies, or an inability to market the products. Raw materials for cordless power tools can be found all around the world, and they are available at comparable prices with a variety of providers.
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