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PUBLISHER: Grand View Research | PRODUCT CODE: 1751531
PUBLISHER: Grand View Research | PRODUCT CODE: 1751531
Power Tool Batteries Market Size, Share & Trends Analysis Report By Type (Lithium-ion, Nickel-Cadmium, Nickel-Metal Hydride), By Application (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2025 - 2030
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Power Tool Batteries Market Growth & Trends:
The global power tool batteries market size is projected to reach USD 4.49 billion by 2030, growing at a CAGR of 9.5% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the accelerating shift from corded to cordless power tools across residential, commercial, and industrial sectors. As end users demand greater mobility, efficiency, and safety in work environments, power tool batteries-especially lithium-ion variants-are becoming indispensable. These batteries not only deliver longer runtimes and faster charging but also reduce downtime and boost productivity, particularly in construction, automotive, and maintenance applications.
The growing popularity of DIY projects, the rise in home renovations, and the increasing penetration of cordless tools in emerging markets are expanding consumer adoption. Lithium-ion batteries dominate the landscape due to their superior energy density, lightweight nature, and longer lifecycle. Moreover, innovations such as smart batteries with Bluetooth connectivity, thermal management systems, and universal battery platforms that power multiple tools from a single unit are reshaping user expectations and driving repeat purchases.
Government initiatives promoting energy efficiency and sustainable manufacturing practices indirectly support market growth by encouraging using environmentally friendly, rechargeable battery systems. At the same time, the development of battery-as-a-service (BaaS) models is lowering the upfront cost barrier for small businesses and contractors, offering leasing or pay-per-use options that ease procurement and maintenance.
Technological advancements continue to refine the power tool battery ecosystem. These include AI-based performance monitoring, modular battery systems, and high-output cells for demanding industrial applications. As industries push toward electrification and smarter workflows, demand for high-capacity, fast-charging battery solutions is expected to surge. While the market still faces high battery replacement costs and raw material sourcing issues, ongoing R&D and economies of scale gradually reduce these constraints.
Regionally, North America leads in market share, driven by a mature tool industry, strong DIY culture, and rapid professional adoption. Asia-Pacific follows closely, powered by construction growth and manufacturing expansion in countries like China and India. Meanwhile, Europe fosters innovation through environmental directives and circular economy goals, while Latin America and Africa show rising demand for infrastructure development and growing access to cordless technology.
Power Tool Batteries Market Report Highlights:
- Based on type, lithium-ion batteries dominated the power tool batteries industry with a revenue share of 62.43% in 2024, owing to their high energy density, lightweight design, and long lifecycle. These features make lithium-ion batteries the preferred choice for professionals and DIY users seeking improved tool performance, faster charging, and reduced downtime during demanding tasks.
- Based on application, the commercial segment is anticipated to register the fastest CAGR of 11.1% over the forecast period, driven by the increasing adoption of cordless power tools in facility management, retail maintenance, and service-based industries. Commercial users prioritize portability, efficiency, and time savings, which advanced battery technologies enable. The growing demand for reliable, long-lasting batteries to support daily operations in varied settings propels growth in this segment.
- North America emerged as the dominant market, with a revenue share of over 39.24% in 2024. Growth in this region is fueled by strong demand from the professional trades sector, high DIY activity, and widespread adoption of cordless tools in residential and commercial applications. Additionally, manufacturers in the U.S. and Canada are heavily investing in battery innovations and sustainable energy storage solutions to meet evolving user needs.
Product Code: GVR-4-68040-600-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Power Tool Batteries Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Power Tool Batteries Market: Type Estimates & Trend Analysis
- 4.1. Power Tool Batteries Market: Type Movement Analysis, 2024 & 2030
- 4.2. Lithium-ion
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Nickel-Cadmium
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Nickel-Metal Hydride
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Power Tool Batteries Market: Application Estimates & Trend Analysis
- 5.1. Power Tool Batteries Market: Application Movement Analysis, 2024 & 2030
- 5.2. Residential
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Commercial
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Industrial
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Power Tool Batteries Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.5. Spain
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.6. UK
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.7. France
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.8. Russia
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.9. Italy
- 6.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.9.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.9.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.7. Australia
- 6.4.7.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.5. South Africa
- 6.6.5.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.6. UAE
- 6.6.6.1. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end users
- 7.6. Strategy initiatives by types
- 7.7. Company Profiles/Listing
- 7.7.1. Bosch Ltd
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. Hitachi Corporation
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. Makita Corporation
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Panasonic Corporation
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Ryobi Limited
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. Samsung SDI Co. Ltd
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Sony Group Corporation
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. Stanley Black & Decker Inc.
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. Techtronic Industries Company Limited
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. Hilti Corporation
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.1. Bosch Ltd
Product Code: GVR-4-68040-600-8
List of Tables
- Table 1 Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 2 Power Tool Batteries market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- Table 3 Power Tool Batteries market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 4 North America Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 5 North America Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 6 North America Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 7 U.S. Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 8 U.S. Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 9 U.S. Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 10 Canada Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 11 Canada Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 12 Canada Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 13 Mexico Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 14 Mexico Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 15 Mexico Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 16 Europe Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 17 Europe Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 18 Europe Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 19 Germany Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 20 Germany Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 21 Germany Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 22 UK Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 23 UK Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 24 UK Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 25 Spain Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 26 Spain Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 27 Spain Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 28 France Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 29 France Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 30 France Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 31 Russia Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 32 Russia Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 33 Russia Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 34 Italy Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 35 Italy Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 36 Italy Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 37 Asia Pacific Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 38 Asia Pacific Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 39 Asia Pacific Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 40 China Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 41 China Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 42 China Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 43 India Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 44 India Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 45 India Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 46 Japan Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 47 Japan Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 48 Japan Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 49 Australia Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 50 Australia Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 51 Australia Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 52 CSA Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 53 CSA Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 54 CSA Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 55 Brazil Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 56 Brazil Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 57 Brazil Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 58 Argentina Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 59 Argentina Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 60 Argentina Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 61 Middle East & Africa Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 62 Middle East & Africa Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 63 Middle East & Africa Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 64 Saudi Arabia Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 65 Saudi Arabia Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 66 Saudi Arabia Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 67 South Africa Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 68 South Africa Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 69 South Africa Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 70 UAE Power Tool Batteries market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 71 UAE Power Tool Batteries market estimates & forecasts, by type, 2018 - 2030 (USD Million)
- Table 72 UAE Power Tool Batteries market estimates & forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook
- Fig. 7 Competitive outlook
- Fig. 8 Power Tool Batteries market outlook, 2018 - 2030 (USD Million)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's analysis
- Fig. 12 PESTEL analysis
- Fig. 13 Power Tool Batteries market, by type: Key takeaways
- Fig. 14 Power Tool Batteries market, by type: Market share, 2024 & 2030
- Fig. 15 Power Tool Batteries market, by application: Key takeaways
- Fig. 16 Power Tool Batteries market, by application: Market share, 2024 & 2030
- Fig. 17 Power Tool Batteries market: regional analysis, 2024
- Fig. 18 Power Tool Batteries market, by region: Key takeaways
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