Electric Power Tools Market

By Tools;

Drills [Corded and Cordless], Impact Wrenches [Corded and Cordless], Hammers [Corded and Cordless], Saws [Corded and Cordless], Lawn Mowers [Corded and Cordless], Vacuum Cleaners [Corded and Cordless] and Others [Corded and Cordless]

By Motor Type;

Brushed and Brushless

By Application;

Industrial and DIY

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn693387894 Published Date: September, 2025 Updated Date: October, 2025

Electric Power Tools Market Overview

Electric Power Tools Market (USD Million)

Electric Power Tools Market was valued at USD 34,437.17 million in the year 2024. The size of this market is expected to increase to USD 54,579.08 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.


Electric Power Tools Market

*Market size in USD million

CAGR 6.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.8 %
Market Size (2024)USD 34,437.17 Million
Market Size (2031)USD 54,579.08 Million
Market ConcentrationMedium
Report Pages351
34,437.17
2024
54,579.08
2031

Major Players

  • Apex Tool Group
  • Atlas Copco AB
  • Hilti Corporation
  • Ingersoll Rand Inc
  • Koki Holding Co Ltd
  • Makita Corporation
  • Robert Bosch GmbH
  • Stanley Black & Decker Inc
  • Snap-on Incorporated
  • Techtronic Industries Co Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Electric Power Tools Market

Fragmented - Highly competitive market without dominant players


The Electric Power Tools Market is witnessing significant growth as industries and households increasingly rely on modernized tools for efficiency and precision. These tools provide time savings, higher accuracy, and durability, making them essential for both professionals and DIY users. Nearly 57% of users prefer electric tools over manual alternatives, showcasing their widespread adoption.

Rise in DIY and Home Projects
The increasing trend of do-it-yourself activities has contributed to the rising popularity of electric power tools. About 61% of households now invest in compact and easy-to-use electric tools for maintenance and small projects. This growing interest reflects consumer demand for convenience, adaptability, and improved performance in home-based tasks.

Integration of Smart Features
Technological innovation is reshaping the market with the addition of smart controls, ergonomic designs, and cordless functionality. Approximately 49% of newly launched tools now feature digital monitoring, faster charging, and enhanced safety mechanisms. These upgrades are boosting user productivity and strengthening the role of electric tools in modern applications.

Focus on Efficiency and Performance
Electric power tools are valued for their ability to deliver consistent results while reducing manual effort. Surveys indicate that nearly 63% of professionals report higher work efficiency and better precision with these tools. Their contribution to improved performance and long-term reliability continues to drive their preference in multiple sectors.

Positive Market Prospects
The electric power tools market is set for continuous growth with ongoing innovations and expanding applications. More than 70% of upcoming product developments are expected to focus on cordless designs, advanced safety, and multi-functionality. This trajectory reinforces electric tools as a cornerstone of future solutions for construction, industrial, and household needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Tools
    2. Market Snapshot, By Motor Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Electric Power Tools Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Efficient and High-Performance Tools Across Industries
        2. Growth in Construction, Manufacturing, and Home Improvement Sectors
        3. Technological Advancements in Battery Life, Ergonomics, and Tool Efficiency
        4. Rising Popularity of DIY Projects and Home Renovations
        5. Growing Urbanization and Infrastructure Development Worldwide
      2. Restraints
        1. High Initial Cost of Advanced Electric Power Tools
        2. Limited Battery Life and Charging Time for Cordless Tools
        3. Safety Concerns and Risks of Accidents During Tool Operation
        4. Environmental Impact of Lithium-Ion Batteries and Disposal Challenges
        5. Availability of Cheap, Low-Quality Alternatives in Emerging Markets

      3. Opportunities
        1. Expansion of E-commerce Platforms and Online Sales Channels
        2. Increasing Adoption of Cordless and Rechargeable Power Tools
        3. Technological Innovations for Enhanced Energy Efficiency and Sustainability
        4. Rising Demand for Compact, Lightweight, and User-Friendly Tools
    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. Electric Power Tools Market, By Tools, 2021 - 2031 (USD Million)
      1. Drills
        1. Corded
        2. Cordless
      2. Impact Wrenches
        1. Corded
        2. Cordless
      3. Hammers
        1. Corded
        2. Cordless
      4. Saws
        1. Corded
        2. Cordless
      5. Lawn Mowers
        1. Corded
        2. Cordless
      6. Vacuum Cleaners
        1. Corded
        2. Cordless
      7. Others
        1. Corded
        2. Cordless
    2. Electric Power Tools Market, By Motor Type, 2021 - 2031 (USD Million)
      1. Brushed
      2. Brushless
    3. Electric Power Tools Market, By Application, 2021 - 2031 (USD Million)
      1. Industrial
      2. DIY
    4. Electric 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. Apex Tool Group
      2. Atlas Copco AB
      3. Hilti Corporation
      4. Ingersoll Rand Inc
      5. Koki Holding Co Ltd.
      6. Makita Corporation
      7. Robert Bosch GmbH
      8. Stanley Black & Decker Inc.
      9. Snap-on Incorporated
      10. Techtronic Industries Co Ltd
  7. Analyst Views
  8. Future Outlook of the Market