PUBLISHER: The Business Research Company | PRODUCT CODE: 1873032
PUBLISHER: The Business Research Company | PRODUCT CODE: 1873032
A power tool battery is a rechargeable energy storage unit that supplies the electrical power required for cordless tools to function without being connected to an external power source. It stores electrical energy in chemical form and converts it into electricity to power motors, offering flexibility and convenience across various applications.
The main types of power tool batteries include lithium ion, nickel cadmium, nickel metal hydride, and other types. A lithium ion battery is a rechargeable energy storage unit that uses lithium ion chemistry to deliver high energy density, extended runtime, and lightweight performance for cordless power tools. These batteries are commonly used in tools such as drills, saws, lawn mowers, impact wrenches, and other equipment. They are available in capacities ranging from one ampere hour to two ampere hours and below one ampere hour, and they serve a wide range of end users across industrial, commercial, and residential sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.
The power tool battery market research report is one of a series of new reports from The Business Research Company that provides power tool battery market statistics, including power tool battery industry global market size, regional shares, competitors with a power tool battery market share, detailed power tool battery market segments, market trends and opportunities, and any further data you may need to thrive in the power tool battery industry. This power tool battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The power tool battery market size has grown rapidly in recent years. It will grow from $2.73 billion in 2024 to $3.03 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth during the historic period can be attributed to the increasing adoption of cordless power tools, the growing demand for portable energy solutions, heightened awareness of safety and ergonomics, the expanding availability of lithium ion batteries, and the rising needs of industrial automation and maintenance.
The power tool battery market size is expected to see rapid growth in the next few years. It will grow to $4.50 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth expected in the forecast period is driven by the rising demand for smart and connected power tools, increased investments in renewable energy powered construction tools, expanding urbanization and construction activities, greater emphasis on sustainability and eco-friendly solutions, and growing consumer preference for convenience and mobility. Key trends during this period include progress in fast charging battery systems, enhanced battery safety technologies, the creation of interchangeable battery platforms, innovations in compact and high capacity batteries, and advancements in battery monitoring and diagnostic technologies.
The increasing do-it-yourself (DIY) home improvement activities are expected to propel the growth of the power tool battery market going forward. Do-it-yourself (DIY) home improvement activities refer to individuals personally undertaking tasks to repair, renovate, or enhance their homes without hiring professional services. The rise in do-it-yourself (DIY) home improvement activities is due to the increasing cost of professional labor, prompting homeowners to undertake projects themselves to save money. DIY projects, including small repairs, renovations, and home enhancements, allow homeowners to save on labor costs while completing tasks independently. Cordless power tools, powered by reliable and high-performance batteries, enable these activities by providing portability and ease of use. For instance, in 2023, according to Houzz, a US-based software development platform, kitchen and bathroom remodels are top home improvement projects. In 2022, 28% of homeowners upgraded kitchens, and 25% renovated bathrooms, slightly higher than 2021 figures of 27% and 24%, respectively. Therefore, increasing do-it-yourself (DIY) home improvement activities is driving the growth of the power tool battery market.
Innovations such as tabless cell battery technology are advancing to enhance energy efficiency, extend runtime, and improve overall tool performance. Tabless cell batteries eliminate traditional tabs, enabling faster charging, better heat management, and higher power output. For instance, in June 2024, DeWalt Industrial Tool Company, a US-based manufacturing company, launched the XR POWERPACK 8 Ah battery (model DCB2108) featuring this technology, delivering 50% more power and a longer lifespan compared to conventional cylindrical batteries. The battery also offers a rugged overmolded base for impact and weather resistance, an LED state-of-charge indicator, and full compatibility with 20V MAX tools and chargers, exemplifying the industry's focus on high-performance, durable solutions that drive adoption of cordless power tools.
In August 2022, Koki Holdings America Ltd., a US-based manufacturing company that provides power tool batteries, merged Metabo HPT and Metabo Power Tools to strengthen its brand presence and product portfolio. With this merger, Koki Holdings America Ltd. aims to enhance value across the organization and drive new business opportunities for existing Metabo HPT and Metabo customers by integrating operations and further expanding both brands in North America. Metabowerke GmbH is a Germany-based company that manufactures power tool batteries.
Major players in the power tool battery market are Bosch Limited., Panasonic Corporation, LG Energy Solution Ltd., Samsung SDI Co. Ltd., Stanley Black And Decker Inc., Techtronic Industries Co. Ltd., Hilti Corporation, Milwaukee Electric Tool Corporation, EVE Energy Co. Ltd., Makita Corporation, Snap-on Incorporated, Einhell Germany AG, Festool GmbH, SunPower Corporation, BAK Power Battery Co. Ltd., Great Power Energy And Technology Co. Ltd., Highstar Battery Co. Ltd., Hitachi Ltd., Lishen Battery Co. Ltd., Tenpower Technology Co. Ltd.
North America was the largest region in the power tool battery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in power tool battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the power tool battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power tool battery market consists of sales of lead-acid batteries, battery packs, cordless drill batteries, battery chargers, and graphene batteries. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Power Tool Battery Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on power tool battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for power tool battery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The power tool battery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.