Cordless Power Tools Market By Product Type , By Motor Type By End User : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The cordless power tools market was valued at $15.7 billion in 2023, and is projected to reach $36.2 billion by 2033, growing at a CAGR of 8.7% from 2024 to 2033.

Cordless power tools are battery-powered tools that find their application on larger work sites where power points or cable lengths are inaccessible. These tools enable work in remote locations that do not have easy access to electrical connections, making them suitable for outdoor projects, large construction sites, and on-the-go jobs. As compared to conventional corded tools, cordless power tools facilitate easier maneuver, thereby mitigating the risk of accidents and enhancing work efficiency.

The growth of the global cordless power tools market is majorly driven by surge in demand for portable and easy-to-use tools. Cordless power tools offer convenience and flexibility, as they do not require a constant power source. In addition, implementation of stringent government regulations about workplace safety significantly contributes toward the market growth. This is attributed to the fact that these tools reduce the work-related injuries caused by cords, mitigate tripping hazards, and reduce slip & fall incidents. Furthermore, global increase in construction and infrastructure projects, particularly in emerging economies, has led to a higher demand for power tools. Moreover, surge in adoption of sustainable practices is boosting the demand for cordless power tools. This is attributed to the fact that cordless power tools are recognized for their lower environmental impact, as they generate less material waste, thus eliminating the production and disposal of extension cords. Moreover, they minimize energy loss and reduce the carbon footprint associated with electricity generation. Industries are increasingly adopting cordless power tools to enhance productivity and operational efficiency, as they reduce downtime and increase mobility, which acts as a key driving force of the global market. According to research by the Battery University, modern lithium-ion batteries used in cordless power tools can achieve an energy efficiency of around 85-90%. However, high initial investment of cordless power tools, especially those with advanced features and high-capacity batteries, restraints the market growth. On the contrary, continuous improvements in battery technology, especially lithium-ion batteries, have enhanced the performance, runtime, and durability of cordless power tools. These advancements have made cordless tools more reliable and efficient, attracting more users and are expected to offer lucrative opportunities for the market growth during the forecast period.

The global cordless power tools market is segmented into product type, motor type, and end user. By products type, the market is categorized into drilling & fastening tools, sawing & cutting tools, demolition tools, material removal tools, and garden tools. By motor type, it is bifurcated into brushed motor and brushless motor. On the basis of end user, it is classified into construction, DIY, gardening, industrial, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America, and Middle East & Africa.

Key Findings

By product type, the drilling & fastening tools segment held the highest market share in the cordless power tools market in 2023.

On the basis of motor type, the brushless segment was the major revenue generator in 2023.

Depending on end user, the construction segment generated the highest revenue in 2023.

Region wise, Asia-Pacific is expected to maintain its lead in the cordless power tools market by 2033.

Competition Analysis

Competitive analysis and profiles of the major players in the global cordless power tools market include DeWalt Industrial Tool Company, Makita Corporation, Robert Bosch GmbH, Milwaukee Electric Tool Corporation., Ryobi Limited, Black & Decker Corporation, Ridgid (Emerson Electric Co.), Koki Holdings Co., Ltd. (Metabo HPT), Festool GmbH & Co. KG, and Porter-Cable (Stanley Black & Decker, Inc.). These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.

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Consumer Buying Behavior Analysis
Market share analysis of players by products/segments
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Product Type

Drilling and Fastening Tools
Sawing and Cutting Tools
Demolition Tools
Material Removal Tools
Garden Tools

By Motor Type

Brushed Motor
Brushless Motor

By End User

Construction
DIY
Gardening
Industrial
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Colombia
- Rest of Latin America
Middle East Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East Africa

Key Market Players:

DeWalt Industrial Tool Company
Makita Corporation
Robert Bosch GmbH
Milwaukee Electric Tool Corporation.
Ryobi Limited
Black & Decker Corporation
Ridgid (Emerson Electric Co.)
Koki Holdings Co., Ltd. (Metabo HPT)
Festool GmbH & Co. KG
Porter-Cable (Stanley Black & Decker, Inc.)

Product Code: A10840

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: CORDLESS POWER TOOLS MARKET, BY PRODUCT TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Product Type
4.2. Drilling And Fastening Tools
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Sawing And Cutting Tools
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Demolition Tools
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
4.5. Material Removal Tools
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country
4.6. Garden Tools
- 4.6.1. Key Market Trends, Growth Factors and Opportunities
- 4.6.2. Market Size and Forecast, By Region
- 4.6.3. Market Share Analysis, By Country

CHAPTER 5: CORDLESS POWER TOOLS MARKET, BY MOTOR TYPE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Motor Type
5.2. Brushed Motor
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Brushless Motor
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country

CHAPTER 6: CORDLESS POWER TOOLS MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Construction
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. DIY
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Gardening
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. Industrial
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country
6.6. Others
- 6.6.1. Key Market Trends, Growth Factors and Opportunities
- 6.6.2. Market Size and Forecast, By Region
- 6.6.3. Market Share Analysis, By Country

CHAPTER 7: CORDLESS POWER TOOLS MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Product Type
- 7.2.3. Market Size and Forecast, By Motor Type
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Cordless Power Tools Market
  - 7.2.6.1. Market Size and Forecast, By Product Type
  - 7.2.6.2. Market Size and Forecast, By Motor Type
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada Cordless Power Tools Market
  - 7.2.7.1. Market Size and Forecast, By Product Type
  - 7.2.7.2. Market Size and Forecast, By Motor Type
  - 7.2.7.3. Market Size and Forecast, By End User
- 7.2.8. Mexico Cordless Power Tools Market
  - 7.2.8.1. Market Size and Forecast, By Product Type
  - 7.2.8.2. Market Size and Forecast, By Motor Type
  - 7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Product Type
- 7.3.3. Market Size and Forecast, By Motor Type
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Cordless Power Tools Market
  - 7.3.6.1. Market Size and Forecast, By Product Type
  - 7.3.6.2. Market Size and Forecast, By Motor Type
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany Cordless Power Tools Market
  - 7.3.7.1. Market Size and Forecast, By Product Type
  - 7.3.7.2. Market Size and Forecast, By Motor Type
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. Italy Cordless Power Tools Market
  - 7.3.8.1. Market Size and Forecast, By Product Type
  - 7.3.8.2. Market Size and Forecast, By Motor Type
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. UK Cordless Power Tools Market
  - 7.3.9.1. Market Size and Forecast, By Product Type
  - 7.3.9.2. Market Size and Forecast, By Motor Type
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. Rest of Europe Cordless Power Tools Market
  - 7.3.10.1. Market Size and Forecast, By Product Type
  - 7.3.10.2. Market Size and Forecast, By Motor Type
  - 7.3.10.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Product Type
- 7.4.3. Market Size and Forecast, By Motor Type
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Cordless Power Tools Market
  - 7.4.6.1. Market Size and Forecast, By Product Type
  - 7.4.6.2. Market Size and Forecast, By Motor Type
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan Cordless Power Tools Market
  - 7.4.7.1. Market Size and Forecast, By Product Type
  - 7.4.7.2. Market Size and Forecast, By Motor Type
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India Cordless Power Tools Market
  - 7.4.8.1. Market Size and Forecast, By Product Type
  - 7.4.8.2. Market Size and Forecast, By Motor Type
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea Cordless Power Tools Market
  - 7.4.9.1. Market Size and Forecast, By Product Type
  - 7.4.9.2. Market Size and Forecast, By Motor Type
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Rest of Asia-Pacific Cordless Power Tools Market
  - 7.4.10.1. Market Size and Forecast, By Product Type
  - 7.4.10.2. Market Size and Forecast, By Motor Type
  - 7.4.10.3. Market Size and Forecast, By End User
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Product Type
- 7.5.3. Market Size and Forecast, By Motor Type
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Cordless Power Tools Market
  - 7.5.6.1. Market Size and Forecast, By Product Type
  - 7.5.6.2. Market Size and Forecast, By Motor Type
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. Argentina Cordless Power Tools Market
  - 7.5.7.1. Market Size and Forecast, By Product Type
  - 7.5.7.2. Market Size and Forecast, By Motor Type
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. Colombia Cordless Power Tools Market
  - 7.5.8.1. Market Size and Forecast, By Product Type
  - 7.5.8.2. Market Size and Forecast, By Motor Type
  - 7.5.8.3. Market Size and Forecast, By End User
- 7.5.9. REST of Latin America Cordless Power Tools Market
  - 7.5.9.1. Market Size and Forecast, By Product Type
  - 7.5.9.2. Market Size and Forecast, By Motor Type
  - 7.5.9.3. Market Size and Forecast, By End User
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Product Type
- 7.6.3. Market Size and Forecast, By Motor Type
- 7.6.4. Market Size and Forecast, By End User
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. South Africa Cordless Power Tools Market
  - 7.6.6.1. Market Size and Forecast, By Product Type
  - 7.6.6.2. Market Size and Forecast, By Motor Type
  - 7.6.6.3. Market Size and Forecast, By End User
- 7.6.7. UAE Cordless Power Tools Market
  - 7.6.7.1. Market Size and Forecast, By Product Type
  - 7.6.7.2. Market Size and Forecast, By Motor Type
  - 7.6.7.3. Market Size and Forecast, By End User
- 7.6.8. Saudi Arabia Cordless Power Tools Market
  - 7.6.8.1. Market Size and Forecast, By Product Type
  - 7.6.8.2. Market Size and Forecast, By Motor Type
  - 7.6.8.3. Market Size and Forecast, By End User
- 7.6.9. Rest of Middle East And Africa Cordless Power Tools Market
  - 7.6.9.1. Market Size and Forecast, By Product Type
  - 7.6.9.2. Market Size and Forecast, By Motor Type
  - 7.6.9.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. DeWalt Industrial Tool Company
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Makita Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Robert Bosch GmbH
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Milwaukee Electric Tool Corporation.
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Ryobi Limited
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Black And Decker Corporation
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Ridgid (Emerson Electric Co.)
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Koki Holdings Co., Ltd. (Metabo HPT)
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Festool GmbH And Co. KG
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Porter-Cable (Stanley Black And Decker, Inc.)
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments