The global market for Cordless Power Tools was valued at US$24.9 Billion in 2024 and is projected to reach US$41.9 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
In addition to technological advancements, the market expansion is also supported by the integration of smart technologies into power tools. These tools are now often equipped with Bluetooth connectivity and digital interfaces for better device management and enhanced operational efficiency. IoT-enabled cordless tools can communicate with smartphones and other devices, enabling features such as tool tracking, inventory management, and user manuals that can be easily accessed via apps. Such innovations not only attract tech-savvy consumers but also enhance the appeal of cordless power tools in professional settings, where equipment management and operational efficiency are paramount. Regulatory factors also play a crucial role, as increased emphasis on worker safety drives the adoption of cordless systems that are inherently safer to use, with fewer tripping hazards in comparison to their corded counterparts.
The growth in the cordless power tools market is driven by several factors, including the rapid urbanization across the globe, which necessitates portable and efficient tools for construction and infrastructure development. The expanding professional landscaping and maintenance services have further increased the demand for cordless equipment, as these tools offer the freedom to work without direct power sources, which is crucial in outdoor or remote settings. Another significant driver is the ongoing innovation in charging technologies, which reduces downtime for tools, thereby boosting productivity. As battery technology continues to evolve, making cordless tools lighter and more efficient, their adoption is expected to continue rising, bolstered by the growing trend towards automation and efficient energy use in industrial applications.
Global Cordless Power Tools Market - Key Trends & Drivers
The global market for cordless power tools is experiencing robust growth, primarily fueled by advancements in battery technology and an increasing shift toward mobile, flexible solutions in industries ranging from construction to household DIY projects. Modern cordless power tools leverage lithium-ion batteries for longer life and better performance, which allows for more intensive use without the constant need for recharging. This shift is aligned with the growing demand for efficiency and faster completion of projects in both professional and personal settings. Furthermore, the rise of the DIY culture, especially in developed economies, has significantly boosted the sales of cordless drills, saws, and garden tools, as consumers undertake more home improvement projects influenced by digital how-to guides and home renovation shows.In addition to technological advancements, the market expansion is also supported by the integration of smart technologies into power tools. These tools are now often equipped with Bluetooth connectivity and digital interfaces for better device management and enhanced operational efficiency. IoT-enabled cordless tools can communicate with smartphones and other devices, enabling features such as tool tracking, inventory management, and user manuals that can be easily accessed via apps. Such innovations not only attract tech-savvy consumers but also enhance the appeal of cordless power tools in professional settings, where equipment management and operational efficiency are paramount. Regulatory factors also play a crucial role, as increased emphasis on worker safety drives the adoption of cordless systems that are inherently safer to use, with fewer tripping hazards in comparison to their corded counterparts.
The growth in the cordless power tools market is driven by several factors, including the rapid urbanization across the globe, which necessitates portable and efficient tools for construction and infrastructure development. The expanding professional landscaping and maintenance services have further increased the demand for cordless equipment, as these tools offer the freedom to work without direct power sources, which is crucial in outdoor or remote settings. Another significant driver is the ongoing innovation in charging technologies, which reduces downtime for tools, thereby boosting productivity. As battery technology continues to evolve, making cordless tools lighter and more efficient, their adoption is expected to continue rising, bolstered by the growing trend towards automation and efficient energy use in industrial applications.
Report Scope
The report analyzes the Cordless Power Tools market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
End-Use (Professional, Consumer).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Professional End-Use segment, which is expected to reach US$29.9 Billion by 2030 with a CAGR of a 9.8%. The Consumer End-Use segment is also set to grow at 7.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $6.4 Billion in 2024, and China, forecasted to grow at an impressive 12.4% CAGR to reach $9.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Collomix North America, Festool GmbH, Friedrich Duss Maschinenfabrik GmbH & Co. KG, Hilti North America, Hitachi Koki Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cordless Power Tools Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cordless Power Tools Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cordless Power Tools Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 43 major companies featured in this Cordless Power Tools market report include:
- Collomix North America
- Festool GmbH
- Friedrich Duss Maschinenfabrik GmbH & Co. KG
- Hilti North America
- Hitachi Koki Co., Ltd.
- Husqvarna AB
- Interskol
- Makita U.S.A., Inc.
- Metabo Corporation
- Milwaukee Electric Tool
- OTTO BAIER GmbH
- Robert Bosch GmbH
- Snap-on Inc.
- Stanley Black & Decker, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Collomix North America
- Festool GmbH
- Friedrich Duss Maschinenfabrik GmbH & Co. KG
- Hilti North America
- Hitachi Koki Co., Ltd.
- Husqvarna AB
- Interskol
- Makita U.S.A., Inc.
- Metabo Corporation
- Milwaukee Electric Tool
- OTTO BAIER GmbH
- Robert Bosch GmbH
- Snap-on Inc.
- Stanley Black & Decker, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 293 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 24.9 Billion |
| Forecasted Market Value ( USD | $ 41.9 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
