Cordless Power Tools Market
By Tool Type;
Drilling & Fastening Tools, Sawing & Cutting Tools, Demolition Tools, Material Removal Tools, Routing Tools and OthersBy Motor Type;
Brushed Motors and Brushless MotorsBy Li-Ion Battery Type;
12V, 18V, 20V, 40V and Above 40VBy End User;
Industrial, Commercial and ResidentialBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Cordless Power Tools Market Overview
Cordless Power Tools Market (USD Million)
Cordless Power Tools Market was valued at USD 2,724.18 million in the year 2024. 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%.
Cordless Power Tools Market
*Market size in USD million
CAGR 6.8 %
| Study Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 6.8 % | 
| Market Size (2024) | USD 2,724.18 Million | 
| Market Size (2031) | USD 4,317.52 Million | 
| Market Concentration | Medium | 
| Report Pages | 340 | 
Major Players
- Atlas Copco AB
- Robert Bosch GmbH
- Hilti Corp.
- Hitachi Ltd.
- Makita Corp.
- MTD Products Inc.
- Panasonic Corp.
- Snap-on Inc.
- Stanley Black & Decker Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Cordless Power Tools Market
Fragmented - Highly competitive market without dominant players
The Cordless Power Tools Market is witnessing significant expansion as both professionals and consumers embrace efficiency, portability, and convenience. With adoption increasing by nearly 45%, the market reflects a growing shift from corded systems to cordless models that enhance operational flexibility in construction, automotive, and household tasks.
Rising Demand for Portability
The need for lightweight and portable solutions continues to drive market acceleration. About 40% of users now prefer cordless designs, valuing their ability to operate in varied environments without reliance on fixed power sources. This change underscores how ease of use and adaptability are reshaping buying preferences and driving rapid adoption.
Technological Advancements in Batteries
Battery innovations, particularly in lithium-ion technology, have transformed cordless tools by offering longer run times and quicker charging cycles. More than 55% of new cordless products utilize advanced batteries that enhance durability and operational output. These improvements allow for higher productivity while minimizing downtime, making cordless systems indispensable in demanding applications.
Integration of Smart Functionalities
Smart technologies are further strengthening cordless tool adoption. Nearly 35% of recently introduced models feature digital connectivity, intelligent sensors, and safety controls, enabling precise performance tracking and safer usage. This technological integration is elevating industry standards while aligning with the global push toward digital and automated solutions.
Future Market Prospects
The cordless power tools market is positioned for sustained growth, supported by automation trends and continuous innovation. Around 60% of organizations are set to increase investments in cordless tool technologies to boost operational efficiency and workforce productivity. With ongoing R&D and enhanced functionalities, the sector is on track for long-term expansion and wider adoption.
Cordless Power Tools Market Key Takeaways
-  The global cordless power tools market is experiencing significant growth, driven by advancements in lithium-ion battery technology, which offer longer runtimes and faster charging times. 
-  There is a notable shift from corded to cordless tools, with cordless tools accounting for approximately 30% of total power tool sales in 2023, influenced by the convenience and portability they offer. 
-  The drilling and fastening tools segment is leading the market, driven by their widespread use across construction, manufacturing, and assembly operations. 
-  In the Asia-Pacific region, countries like China, Japan, India, and South Korea are investing heavily in smart manufacturing and housing projects, boosting tool consumption. 
-  The rise of the DIY culture and home improvement projects is contributing to increased demand for cordless power tools, especially among residential users. 
-  Companies are focusing on eco-friendly innovations, with brands like DeWalt introducing battery-operated tools that produce 60% less CO2 emissions compared to traditional gasoline-powered equipment. 
-  Strategic partnerships and acquisitions are on the rise, with companies like Bosch and Husqvarna collaborating to enhance battery technology and expand product offerings in the cordless power tools market. 
Cordless Power Tools Market Recent Developments
- In March 2023, a leading cordless power tool manufacturer acquired a 75% stake in a German garden technology company to expand its product offerings in the gardening sector.
- In January 2023, another major player announced plans to acquire a 12% share in a Swedish company to strengthen their battery alliance and enhance product development.
Cordless Power Tools Market Segment Analysis
In this report, the Cordless Power Tools Market has been segmented by Tool Type, Motor Type, Li-Ion Battery Type, End User and Geography.
Cordless Power Tools Market, Segmentation by Tool Type
The cordless power tools market by tool type is highly diversified, reflecting applications across construction, manufacturing, and home improvement. Growth is being driven by technological innovation, compact designs, and ergonomic improvements that enhance user efficiency. The rise of cordless convenience and increasing adoption in emerging economies have further strengthened demand across all categories.
Drilling & Fastening Tools
Drilling and fastening tools account for a significant share of the market due to their versatility in construction and industrial projects. The growing preference for cordless drills, impact drivers, and screwdrivers has been propelled by advancements in battery technology and torque efficiency. Manufacturers are integrating brushless motors to deliver longer run-time and improved durability.
Sawing & Cutting Tools
Sawing and cutting tools are witnessing notable growth as users shift from corded to cordless systems for mobility and safety. Innovations in blade design and lithium-ion battery packs are enabling longer operation and faster cutting speeds. The segment is gaining traction across woodworking, metal fabrication, and construction sectors globally.
Demolition Tools
Demolition tools such as hammers and impact breakers are expanding in industrial and renovation applications. Their adoption is driven by the need for portable, high-impact, and vibration-controlled solutions. Major manufacturers are focusing on enhancing ergonomics and durability to minimize operator fatigue during heavy-duty tasks.
Material Removal Tools
Material removal tools—including grinders and sanders—are increasingly popular in automotive and fabrication industries. The demand is fueled by improved motor performance, speed control, and dust extraction systems. Lightweight and compact cordless models are being preferred for convenience and ease of maneuverability.
Routing Tools
Routing tools have seen steady adoption due to their precision and mobility benefits, especially among furniture makers and interior designers. Enhanced power control, combined with improved battery runtime, is boosting usage in professional and DIY segments alike.
Others
The others category includes specialty cordless tools such as nailers, staplers, and oscillating multi-tools. These tools are increasingly adopted for specific construction and remodeling applications due to their versatility and improved safety features.
Cordless Power Tools Market, Segmentation by Motor Type
Based on motor type, the market is segmented into brushed and brushless motors. The transition from traditional brushed to advanced brushless designs is reshaping market dynamics as industries seek better energy efficiency, reduced maintenance, and enhanced productivity.
Brushed Motors
Brushed motors remain in use for low-cost cordless tools targeting residential and DIY markets. Despite lower efficiency compared to brushless variants, their affordability and simple construction make them suitable for light-duty applications. However, the segment is projected to see slower growth due to technological substitution trends.
Brushless Motors
Brushless motors dominate the premium cordless power tool segment, accounting for over 60% of market share in 2024. They offer higher energy conversion efficiency, lower heat generation, and extended operational life. Manufacturers like Bosch, Makita, and DeWalt continue investing in brushless innovation to enhance performance in industrial-grade applications.
Cordless Power Tools Market, Segmentation by Li-Ion Battery Type
By Li-Ion battery type, cordless tools are classified into 12V, 18V, 20V, 40V, and above 40V systems. The voltage range determines tool performance, runtime, and target user segment—from DIY homeowners to heavy industrial professionals.
12V
12V cordless tools cater primarily to lightweight applications such as household repairs and precision tasks. Compact design and portability remain key growth drivers in this category, especially for personal and semi-professional users.
18V
18V systems represent the most popular battery class, balancing performance and weight for mid-range professional use. The segment benefits from widespread compatibility across brands, encouraging cross-tool battery sharing and reducing operational costs.
20V
20V battery-powered tools are increasingly preferred in North America due to their enhanced torque and runtime. This voltage range supports a growing array of applications in automotive and construction sectors, making it a rapidly expanding segment.
40V
40V cordless tools are used in high-demand environments such as landscaping, industrial assembly, and large-scale fabrication. They offer superior power delivery and durability, driving adoption in sectors requiring long operation cycles.
Above 40V
The above 40V category comprises heavy-duty tools that can rival corded alternatives. These are increasingly adopted in infrastructure and heavy engineering applications where reliability and extended runtime are essential.
Cordless Power Tools Market, Segmentation by End User
The cordless power tools market by end user covers industrial, commercial, and residential sectors. Each segment reflects distinct use cases, investment patterns, and adoption trends, shaping overall market demand.
Industrial
Industrial users form the largest share, with widespread utilization in manufacturing, automotive, aerospace, and energy sectors. The growing focus on automation, efficiency, and reduced downtime is pushing manufacturers to adopt cordless systems that support flexible assembly operations.
Commercial
Commercial applications such as construction, maintenance, and repair services are rapidly embracing cordless solutions. Portability, safety, and the absence of power cords make them ideal for professional contractors and on-site operators seeking higher productivity.
Residential
Residential users are increasingly adopting cordless tools for home improvement, DIY projects, and small repairs. Growth in the residential segment is boosted by product availability through e-commerce and rising consumer awareness of battery efficiency and safety.
Cordless Power Tools Market, Segmentation by Geography
In this report, the Cordless Power Tools Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America leads the cordless power tools market with strong adoption across industrial and residential sectors. The region’s focus on innovation, professional-grade tools, and high labor efficiency continues to drive demand. The U.S. remains the largest contributor, supported by a well-established construction and automotive ecosystem.
Europe
Europe exhibits steady growth driven by stringent safety standards and increasing demand for sustainable, energy-efficient products. Nations such as Germany and the UK are witnessing high adoption rates due to industrial modernization and widespread DIY culture.
Asia Pacific
Asia Pacific is the fastest-growing region, fueled by expanding construction and manufacturing activities in China, Japan, and India. Rapid urbanization, infrastructure investment, and rising disposable incomes have accelerated the uptake of cordless tools across both professional and consumer segments.
Middle East and Africa
Middle East and Africa markets are gaining momentum through infrastructure expansion and modernization initiatives. The region’s growing construction pipeline and increasing penetration of international tool brands are boosting cordless power tool adoption.
Latin America
Latin America shows emerging growth trends driven by residential renovation, commercial development, and improving trade accessibility. Brazil and Mexico lead the regional market, with increasing presence of global manufacturers expanding distribution networks.
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
-  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
-  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
-  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. 
Cordless Power Tools Market Competitive Landscape Analysis
Cordless Power Tools Market has witnessed significant growth, innovation, and expansion over the past years, with leading players adopting strategies, collaborations, and partnerships to strengthen their market position. Market penetration has reached 60% in residential segments, while professional adoption accounts for 40%, highlighting a balanced growth trajectory and future outlook.
Market Structure and Concentration
The market structure is moderately consolidated, with top manufacturers holding around 55% of the market share. Strategic mergers, collaborations, and partnerships are fueling expansion, while mid-tier players focus on niche segments. Concentration levels indicate a competitive landscape that emphasizes innovation and operational efficiency.
Brand and Channel Strategies
Leading brands implement multi-channel strategies, combining offline retail dominance with robust online platforms, capturing 65% of distribution. Aggressive marketing, collaborations, and direct-to-consumer initiatives drive growth, while channel optimization ensures wide expansion and strong brand visibility in both professional and consumer markets.
Innovation Drivers and Technological Advancements
Continuous innovation and cutting-edge technological advancements are central to market competitiveness, contributing to 50% of new product launches. Battery efficiency, smart integration, and ergonomics drive growth, while strategic partnerships and R&D investments accelerate future outlook and reinforce market expansion.
Regional Momentum and Expansion
Regional adoption varies, with North America accounting for 45% and Asia Pacific for 35% of total sales. Companies emphasize regional strategies, collaborations, and supply chain expansion to enhance penetration. Technological innovation and localized partnerships strengthen growth in emerging and mature markets alike.
Future Outlook
The market future outlook remains promising, with expected growth in professional and DIY segments. Ongoing technological advancements, collaborations, and strategic expansion initiatives will elevate market share, while continuous innovation ensures competitive advantage. Market concentration is anticipated to increase beyond 60% in key regions, supporting sustained growth.
Key players in Cordless Power Tools Market include:
- Stanley Black & Decker
- Robert Bosch
- Techtronic Industries
- Makita
- Hilti
- Atlas Copco
- Snap-on
- Apex Tool Group
- Ingersoll Rand
- Koki Holdings
- Emerson
- Fortive
- Panasonic
- Positec
- CHEVRON
In this report, the profile of each market player provides following information:
- Market Share Analysis
- 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 Tool Type
- Market Snapshot, By Motor Type
- Market Snapshot, By Li-Ion Battery Type
- Market Snapshot, By End User
- Market Snapshot, By Region
 
- 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 - Cordless Power Tools Market, By Tool Type, 2021 - 2031 (USD Million) - Drilling & Fastening Tools
- Sawing & Cutting Tools
- Demolition Tools
- Material Removal Tools
- Routing Tools
- Others
 
- Cordless Power Tools Market, By Motor Type, 2021 - 2031 (USD Million) - Brushed Motors
- Brushless Motors
 
- Cordless Power Tools Market, By Li-Ion Battery Type, 2021 - 2031 (USD Million) - 12V
- 18V
- 20V
- 40V
- Above 40V
 
- Cordless Power Tools Market, By End User, 2021 - 2031 (USD Million) - Industrial
- Commercial
- Residential
 
- 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 
 
- Cordless Power Tools Market, By Tool Type, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - Stanley Black & Decker
- Robert Bosch
- Techtronic Industries
- Makita
- Hilti
- Atlas Copco
- Snap-on
- Apex Tool Group
- Ingersoll Rand
- Koki Holdings
- Emerson
- Fortive
- Panasonic
- Positec
- CHEVRON
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


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