Global Cordless Power Tools Market Research Report 2025-2030

The global cordless power tools market size by revenue is expected to grow at a CAGR of 6.85% from 2024 to 2030.

ADVANCEMENTS IN THE CORDLESS POWER TOOLS MARKET

Advanced cordless power tools come with smart features such as integrated Bluetooth connectivity and smartphone connection applications for tracking tools and equipment. For instance, Bosch 12V Plane Laser allows for set-up of the laser from across the room and power-saving mode activation with the Bosch Leveling Remote App.

Comfort is one of the major considerations in designing modern cordless power tools. Companies in the cordless power tools market are also focusing on developing comfortable grips and handles, designed to accommodate a variety of hand sizes. For instance, the DeWalt DCF680N2 8V Gyroscopic Cordless Screwdriver comes with an Ergonomic grip with rubber over-molding for a secure, slip-resistant hold.

IMPACT OF U.S. & CHINA TRADE WAR

The ongoing geopolitical tensions between the U.S. and China are a trade war that is likely to disrupt the global cordless power tools market. Tariffs, export controls, and restricted access to raw materials are likely to raise production costs and cause delays, which lead to higher prices and limited availability in global markets. Thus, the market conditions reflect growing concerns about competitive pressures for raw materials, specifically from Chinese companies developing more cost-effective solutions.

CORDLESS POWER TOOLS MARKET TRENDS & ENABLERS

Industry 4.0 technologies allow manufacturers to offer mass customization of cordless power tools. In 2023, Bosch Power Tools expanded its Connectivity Module ecosystem, which integrates IoT-enabled cordless tools with smart manufacturing systems. Additionally, in 2025 DeWalt and Bosch among others are anticipated to rely on technologies like IoT-enabled production lines, and AI-driven demand forecasting to offer mass customization of cordless power tools. Hence, such factors are likely to support the cordless power tools market demand.

Vendors progressively adopt sustainable methods to meet evolving consumer expectations by focusing on using recycled and sustainable materials in the production of cordless power tools. For instance, in 2023, to focus on sustainability, Makita launched a Green Initiative program featuring power tool housing that utilizes up to 30% recycled plastic sourced from post-consumer electronic waste. Additionally, Stanley Black & Decker is also prioritizing recycled and upcycled materials and is committed to making at least 50% of its stainless steel products from recycled materials by 2025.

The development of lithium-ion batteries has further accelerated the cordless power tools market demand. In 2023, EVE Energy and the Malaysian Investment Development Authority (MIDA) announced about new manufacturing site in Kedah, Malaysia, which is dedicated to producing cylindrical lithium-ion batteries to support the manufacturing of power tools throughout Southeast Asia. Moreover, in 2024 Stanley improved its battery technology by introducing a 20V lithium-ion V20 battery pack, which is compatible with all the power tools and outdoor products in its V20 range.

INDUSTRY RESTRAINTS

The disruption in the supply chain has led to increased costs for raw materials, logistics, and transportation, which have raised operational costs and are often passed on to end consumers which leading to higher cordless power tools prices. Moreover, the availability of labor at an affordable cost in developing economies is a major factor in the underdispersion of DIY activities. As outsourcing is done at a cheaper rate, people in households are not interested in small repair and maintenance work, which eventually leads to a lower preference for residential cordless power tools.

SEGMENTATION INSIGHTS

INSIGHTS BY TOOL TYPE

In 2024, the drilling & fastening segment held the largest market share of 26.56% by value in the global cordless power tools market. The tools include drills and wrenchers used to create holes, in various materials such as wood, metal, plastic, and masonry and fastening tools used to tighten or loosen screws, bolts, and other fasteners. This segment is further classified into sub-categories such as drills, impact wrenches, impact drivers, screwdrivers, and nut runners. Drills are the fastest-growing sector and are expected to grow at a CAGR of 9.30% in terms of revenue during the forecast period.

The sawing and cutting segments are the second largest market and are mainly used for wooden and metal works that need precision cutting. The segment is expected to generate USD 8.03 billion by 2030. Furthermore, in the demolition segment, the rotary hammer sub-segment is the fastest-growing sector and is expected to grow at a CAGR of 7.01% during the forecast period.

The material removal segment is further classified into grinders and sanders, and it is expected to grow at a CAGR of over 7.00% in terms of revenue during the forecast period. Furthermore, in 2024, North America dominated the routing tools market, accounting for over 29.00% of market share, and Europe was the second-largest market, growing at a CAGR of 3.49% in terms of unit shipments during the forecast period. Also, the other cordless power tools segment consists of layout tools, laser tools, dust extractors, and glue and heat guns, where the layout & laser tools market is the major revenue contributor to the segment, accounting for a revenue share of 44.54% in 2024 because of its various industrial applications.

Segmentation by Tool Type

• Drilling & Fastening
• Sawing & Cutting
• Demolition
• Material Removal
• Routing
• Other Tools

Segmentation by Drilling & Fastening

• Drills
• Impact Wrenches
• Impact Drivers
• Screwdrivers & Nut Runners

Segmentation by Sawing & Cutting

• Circular Saws
• Reciprocating Saws
• Band Saw
• Jigsaws
• Shears & Nibblers

Segmentation by Demolition

• Hammer Drills
• Rotary Hammers
• Demolition Hammers

Segmentation by Material Removal

• Grinders
• Sanders

Segmentation by Other Tools

• Layout & Laser Tools
• Dust Extractors
• Heat Guns & Glue Guns

INSIGHTS BY CATEGORY

In 2024, the mass segment is expected to witness an incremental growth of USD 7.55 billion during the forecast period. The broad use of residential equipment drives the demand for mass cordless power tools as they are cheaper than premium equipment. Furthermore, the premium segment holds a relatively lower cordless power tools market share. However, it is expected to grow at the highest CAGR of 7.35% in terms of revenue during the forecast period.

Segmentation by Category

• Mass
• Premium

INSIGHTS BY MOTOR TYPE

The growth of brushed motors in cordless power tools is because they are cost-effective and require a single speed level. However, the brushless motors segment is expected to grow at a high CAGR of 8.95% during the forecast period. Brushless DC motors have higher operational life and easier maintenance than brushed DC motors while featuring noiseless operations.

Segmentation by Motor Type

• Brushed Motors
• Brushless Motors

INSIGHTS BY BATTERY

In 2024, the 12V cordless power tools segment accounted for the largest share by revenue in the global cordless power tools market and is expected to grow at a CAGR of 5.20% during the forecast period. Additionally, the 18V segment offers a balance between performance and size, making them the most versatile option. Furthermore, the 40V and 40V & above segment represents a new performance tier designed for high-demand applications such as outdoor power equipment, heavy cutting, and prolonged use. The segments cater to industrial users who require maximum torque and durability for tasks like concrete drilling, demolition, or heavy metal cutting.

Segmentation by Battery

• 12V
• 18V
• 20V
• 40V
• 40V & Above

INSIGHTS BY END-USERS

In 2024 the industrial end-user segment of major contributors, such as the automotive and construction industries, generated the maximum revenue of over USD 18.00 billion in the cordless power tools market. The industrial segment is further classified into automotive, aerospace, electronics, energy, construction, shipbuilding, and other industries. The construction sector is estimated to be the highest revenue generator because of the rise in construction and renovation activities.

The commercial end-user segment was the second-largest revenue contributor after the industrial segment. In 2024, North America was the largest revenue generator in the segment, which was valued at USD 1.31 billion, followed by Europe at USD 1.26 billion. Furthermore, the residential end-user segment is expected to grow at a CAGR of 7.55% to generate 32.78 million units in 2030, where the major revenue can be significant from areas in North America, Europe, and APAC.

Segmentation by End-users

• Industrial
• Commercial
• Residential

Segmentation by Industrial

• Construction
• Automotive
• Electronics
• Aerospace
• Energy
• Shipbuilding
• Other Industries

INSIGHTS BY DISTRIBUTION CHANNEL

The offline sales channel is traditionally the backbone of the market and has a crucial role in the global distribution landscape of the cordless power tools market. The segment is expected to add revenue of around USD 6.33 billion by the end of 2030. Furthermore, the online segment includes third-party e-retailers, the brand's website, and others. The rising preference for e-commerce of the online sales channel is gaining momentum and growing at a CAGR of over 8.00% in terms of revenue during the forecast period.

Segmentation by Distribution Channel

• Offline
• Online

CORDLESS POWER TOOLS MARKET'S GEOGRAPHICAL ANALYSIS

In 2024, the North American region dominated the global cordless power tools market. The U.S. dominates the market across the region and accounts for a significant share of over 77.00% in terms of revenue during 2024. The presence of major multinational brands and their extensive distribution networks has created a strong market for innovative cordless power tool products. Furthermore, the European cordless power tools market is growing at a rate of around 7.00% in terms of revenue during the forecast period owing to the presence large number of high-net-worth individuals and the growing automotive industry. Germany, the U.K., and France are the major contributors to the European market.

In 2024 the APAC region is projected to be the fastest-growing market in the cordless power tools market, and the major contribution is China with a market share of over 35.00%, and the Indian market is expected to grow at a high CAGR of around 10.00% because of the increasing development of end-user industries.

Latin America accounted for a share of around 9% by unit shipments in 2024 in the global cordless power tools market and is expected to experience lucrative growth during the forecast period. Brazil and Mexico lead the regional market with substantial investments in construction; the automotive and professional services industry is further accelerating the market growth. Furthermore, the Middle East & Africa have emerging opportunities in the cordless power tools market because of rapid urbanization, sustainability awareness, and increasing disposable income.

Segmentation by Geography

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Belgium
• APAC
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Turkey

VENDOR LANDSCAPE

The global cordless power tools market is fragmented and characterized by numerous manufacturers that hold modest market share. Key players in the global cordless power tools market include Stanley Black & Decker, Bosch, Makita, and TTI among others has established dominance in the market by continuously innovating and expanding their product offerings. Also, major vendors are strategically implementing innovative technologies to maintain their market positions. For instance, in 2023, Bosch introduced its NanoBlade technology in three new hand-held equipment the EasySaw 12 cordless multi-saw, the EasySaw 50, and the MaxSaw 50 models for the DIY segment.

The leaders in the cordless power tools market are making significant R&D investments to enhance the availability and differentiation of their products. For instance, Bosch actively invests in developing and expanding its cordless power tools including both DIY and professional lines. In 2024 the company has spent around USD 8.89 billion in R&D.

With rising concerns and awareness about sustainability across end-users several companies in the cordless power tools market are increasingly focusing on adopting sustainable practices for expanding their product range to strengthen their market positions. For instance, during 2023-2024 Bosch utilized and purchased around 56% of steel, 35% aluminum, and 5% plastic which were recycled as their raw materials. The company has also aimed to reduce CO2 emissions by 30% by 2030.

CORDLESS POWER TOOLS MARKET NEWS

• In 2025, Stanley Black & Decker aims to offer cordless power tools that align with the sustainability objectives of Saudi Vision 2030 and the UAE's Green Economy initiatives by prioritizing energy efficiency and reducing emissions.
• In 2025, TTI is likely to continue its mission of cordless domination, bringing disruptive technology and innovative design to the market to cater to the growing trend of energy-efficient products and tools.
• In 2025, Makita launched new XGT 40vmax and LXT 18V tools for combo kits, cutting, fastening, sanding, cleaning, and measuring along with new accessories.
• In 2024, Snap-on introduced its 14.4 MicroLithium Cordless Nibbler Kit to easily cut through mild steel up to 16-gauge and most nonferrous materials such as aluminum, brass, laminates, fiberglass, and high-density fiberboard.
• In 2023, Bosch Power Tools introduced a rechargeable battery for professional power tools which supplies up to 70% longer runtime compared to its previous batteries.

Key Company Profiles

• Stanley Black & Decker
• Robert Bosch
• Techtronic Industries
• Makita
• Hilti

Other Prominent Company Profiles

• CHERVON
• FEIN
• Festool
• CS Unitec
• STIHL
• Matco Tools
• Milwaukee
• Hitachi
• Ryobi
• Snap-on
• Metabo
• Apex Tool Group
• Kyocera
• INTERSKOL
• Panasonic
• Uryu Seisaku
• Atlas Copco
• Ingersoll Rand
• Emerson
• Positec Group
• Skil
• CRAFTSMAN
• Kobalt
• Dremel
• Proxxon
• Parkside
• Chicago Pneumatic
• Worx
• Cornwell Quality Tools
• SENCO
• AMICO
• Dynabrade
• Husqvarna Group
• AEG POWERTOOLS
• Wagner
• Super Steel
• Master Appliance Corp
• Dongcheng Tools
• Seekone
• Genesis
• FERM
• Einhell

KEY QUESTIONS ANSWERED:

1. What is the growth rate of the global cordless power tools market?

2. How big is the global cordless power tools market?

3. What are the significant trends in the cordless power tools market?

4. Which region dominates the global cordless power tools market share?

5. Who are the key players in the global cordless power tools market?