Cordless Power Tools Market

Cordless Power Tools Market Size

The global cordless power tools market was estimated at USD 12.2 billion in 2024 and is expected to reach USD 22.9 billion by 2034, growing at a CAGR of 6.6% from 2025 to 2034, driven by battery advancements, rising DIY demand, and growth in construction and industrial activities.

Lithium-ion batteries are the most popular option for the new cordless power tools. They provide a high energy density, meaning that tools can operate longer on one charge. The batteries themselves have low rates of self-discharge, keeping their charge during idleness. The structure of the lithium-ion battery has no cadmium, so it's more environmentally friendly than most high-powered, rechargeable batteries available for power tools and, as such, need not be recycled in most states. Those who use cordless tools in cold climates know that NiCd and NiMH packs despise a chill and lose a significant percentage of their charge in temperatures below freezing.

The V28's performance optimizing circuit tracks battery temperature, output and tool demand and adjusts to deliver full capacity even in extremely cold temperatures. The DIY and home improvement market continues to expand. Between 2019 and 2021, DIY project spending increased 44% to $66 billion, the Joint Center for Housing Studies at Harvard University reported. Nearly 60% of homeowners renovated or redecorated their homes in 2022, and 48% did repairs in their homes, the 2023 U.S. Houzz and Home Study, renovation trends reported. 

The adoption of brushless motors has enhanced energy efficiency, durability, and overall performance of cordless power tools. Brushless motors minimize maintenance needs and increase the lifespan of the tool, inducing user adoption.

Cordless Power Tools Market Trends

• The transition to lithium-ion batteries from nickel-based batteries significantly enhanced cordless battery performance and yielded significant benefits such as lighter, more compact devices and longer-running charges. Although the cost of lithium-ion batteries has traditionally reserved them for more premium tools, costs have fallen over the past decade paving the way for increased cordless tool usage.
• As lithium-ion battery technology improves, one of the new innovations is stacked battery cells. Stacked battery pouches are more powerful than conventional lithium-ion batteries, with faster charging rates and longer run time.
  
• As per FacilitiesNet, manufacturers aim to make power tools safer, more comfortable, and easier to handle, with ergonomic features such as anti-vibration technology, accessible controls, comfort grips and improved compactness and lightness. Safety features such as onboard dust reduction (DR) systems and active torque control (ATC) systems allow dust with detrimental silica to be collected, whereas ATC reduces drill rotation on bit jam to prevent injuries. Some other safety features on tools are the capacity to shut off tools such as grinders immediately when the operator suddenly shifts from position in any direction.
  
• Key companies across cordless power tools market are further enhancing their sustainability practices. Some power tool companies have initiatives in place to harvest customer batteries at the end of their lifespan so they do not get thrown into landfills and can be recycled. In 2021, Stanley Black & Decker and Eastman collaborated to develop a new series of sustainable power tools built with material formed from recycled single-use plastic bottles and placed in fully recyclable packaging.
  

Cordless Power Tools Market Analysis

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The cordless power tools industry by tool type is segmented into drills, saws, lawn mower, impact wrench, sander, grinder, and others. In 2024, the drills segment is likely to exceed USD 4.1 billion and lawn mower segment is expected to grow at CAGR of around 7.4% during 2025 to 2034.

• Cordless drill equipment is becoming more intelligent through increased integration into the Internet of Things. Advanced drill equipment has smart features such as integrated Bluetooth connectivity and connection to smartphone applications to assist with tracking tools and equipment. Tracking tools using tracking tags can be used to find lost or stolen tools or monitor inventory. Connectivity can gather usage information and enable users to configure various settings from a smartphone app.
  
• In the past few years, most major tool manufacturers have introduced series of tools using brushless motors. This new technology eliminates the friction of the conductors, usually brushes, that constantly contact the rotor in order to produce the charge. The consequence is reduced friction and heat, along with longer life for the motor. They are more costly than the standard brushed motors, so users will need to weigh that against the advantage of technology.
  
• Comfort has become one of the central considerations in designing contemporary cordless screwdrivers. Companies are concerned with developing comfortable grips and handles, designed to accommodate a variety of hand sizes. This benefits not only comfort for the user but also better tool control and accuracy.
  

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According to the end user, the cordless power tools market is segmented into residential, commercial and industrial. The residential segment held round 41% of the market share in 2024, due to increased demand in DIY and home improvement.

• The growth of residential and commercial building construction industries is critical to powering the market growth. As construction increases, it directly affects the demand for power tools. It also shapes the nature of products being created, as construction experts prefer products that are multi-used.
  
• Construction activity in the United States is increasing at a slower rate compared to other regions of the world like Asia Pacific, the Middle East, and Africa, where there are greater opportunities for urbanization and investment in infrastructure. Moreover, there remains constant demand for power tools from DIY homeowners as well as professional builders in the United States.
  
• According to the Home Improvement Research Institute (HIRI), the Baby Boomers and Millennials are the two highest-earning age segments responsible for purchasing power tools, with them being responsible for roughly two-thirds of buyers. Gen X, being a significantly smaller group, makes up the other 25%.  
  

According to motor type, the cordless power tools market is segmented into brushed motor and brushless motor. The brushless motors segment accounted for over 39% of the market share in 2024, due to wide adoption of brushless motors in power tools from majority of manufacturers.

• Brushless motors produce a more efficient and stronger reaction, converting electricity directly into motion with less involved mechanical components. This efficiency translates to less wasted energy in the form of heat, resulting in improved performance and lower costs of operation over the long term.
  
• For power tool-dependent industries, the switch to brushless motors is a wise investment in durability and productivity.  
  

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The United States led the North American cordless power tools market with around 79% share in 2024 and generated nearly USD 3.7 billion revenue. The market expansion is primarily driven by advancement in cordless technology, consumer spending on home improvement and surging DIY projects.

• The convergence of technology advancements on battery technology in general lithium-ion batteries with greater runtimes and rapid charging has completely reshaped the category's attractiveness to professional as well as do-it-yourself consumers.
  
• This technological revolution aligns with larger societal patterns such as increased home improvement culture, fueled by social media saturation and pandemic-era emphasis on homes.
  
• The growth of the Do-It-Yourself (DIY) culture has been a notable driver of the cordless power tools market. The DIY home improvement industry reached the US$ 667.9 billion value, and North America, particularly the United States, has been a leading contributor. Cordless power tools, with their lack of cords and increased portability, have become a necessity for contemporary DIYers. The attraction is having the capability of doing projects such as minor repair work to huge renovation projects quite easily.    
  

Europe: Europe's strong focus on sustainability and energy efficiency has made battery-powered options more and more appealing as manufacturers highlight lower carbon emissions versus conventional pneumatic and corded tools. Europe's aging infrastructure has also required extensive renovation work, and the region's skilled labor shortages have created demand for more efficient, easier-to-use tools that need less specialized training.   

Cordless Power Tools Market Share

• The top five companies in Apex Tool, Hilti, Makita, Robert Bosch, Stanley Black & Decker and they collectively hold a share of 35%-40% in the market.
  
•  These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
  
• Bosch Power Tools released that more than 30 new cordless tools will launch in 2024 and expand its line of cordless tools and accessories. Samples of the new product line, as well as perennial favourites, will be exhibited at the World of Concrete Conference in Las Vegas, demonstrating the company's focus on ongoing tool innovation and maximizing solutions for tough workers on the jobsite.
  
• FLEX-Verwaltungs GmbH & Co KG purchases the erstwhile FLEX Scandinavia AB from the Ahlsell Group. This acquisition is another landmark in the history of CHERVON and reflects the Group's unabated focus on growth, innovation and delivering best-in-class solutions to customers across the globe. Through this acquisition, the CHERVON Group increases its activities mainly in the Swedish and the Scandinavian markets as well as establishes itself as a top supplier within the power tool and outdoor power equipment sectors.
  

Cordless Power Tools Market Companies

Major players operating in the cordless power tools industry are:

• Apex Tool
• Dynabrade Power Tools
• Festool
• Hilti
• Hitachi Koki
• KEN Holding
• Makita
• Robert Bosch
• Ryobi
• Snap-on Tools Company
• Stanley Black & Decker
• Stihl
• Techtronic
• TTI Group
• Yamabiko      
  

To improve the services and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.

Bain Capital Private Equity, a leading global private investment firm, declared that it has closed the deal to acquire Apex Tool Group, a top tools manufacturer. The Danaher Corporation and Eaton purchase was for around $1.6 billion.

Hilti Launches Hand Tools, Power Tools on Cordless Battery Platform. Hilti North America, a manufacturer of tools, technology, software, and services for the commercial construction industry, has broadened the all-in-one Nuron battery platform with technology designed to serve contractors, such as introducing its DD 150-U-22 Cordless Diamond Core Rig, two DSH 600/700 Cut-off Saws and PR 4/40/40G-22 Rotating Lasers.

Cordless Power Tools Industry News

• In January 2024, Hitli launched its new cordless tools on the 22V Nuron battery platform. The SC 6WP-22 Plunge saw is designed for cutting in wood, fiber board, drywall and solid surfaces, including straight and bevel cuts and intricate cut-outs. The 6.5-in. saw has been engineered for cutting speed and dust collection.
  
• In July 2024, Snap-on introduced its 14.4 MicroLithium Cordless Nibbler Kit. Snap-on indicates the U.S. made item easily cuts through mild steel up to 16-gauge and most nonferrous materials such as aluminum, brass, laminates, fiberglass, and high-density fiberboard.
  
• In June 2024, Bosch Power Tools launched a new range of products such as an 18V deep cut band saw, planer, impact wrench and blower, continuing to grow its cordless portfolio to accommodate a range of applications that trade professionals perform on the jobsite each day. Brushless motors, tool-less accessory changes and ergonomically designed tools are just some of the features of this new range of products, incorporating built-in innovations to deliver powerful cordless experience and accuracy when utilized by workers.
  
• In October 2023, Stanley Black & Decker Philippines collaborated with Wilcon Depot to launch Dewalt Cordless Power Tools that has improved ergonomics with well-balanced design and user-friendly grip with brushless motors for superior performance. These tools will be retailed in all Wilcon Depot stores across the country.  
  

This cordless power tools market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Tool Type

• Drills
• Saws
• Lawn Mower
• Impact Wrench
• Sander
• Grinder
• Others (nail guns, staplers etc.)   

Market, By Motor Type

• Brushed motor
• Brushless motor

Market, By Voltage

• 12V
• 18V
• 20V
• 40V
• Above 40V      

Market, By End Use

• Residential
• Commercial
• Industrial        

Market, By Application  

• Construction
• Automotive
• Aerospace
• Energy
• Electronics
• DIY
• Others (manufacturing etc.)        

Market, By Distribution Channel

• Direct sales
• Indirect sales            

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa