Cordless Power Tools Market To Reach $31.82 Billion By 2033

Cordless Power Tools Market Growth & Trends

The global cordless power tools market size is anticipated to reach USD 31.82 billion by 2033, growing at a CAGR of 10.4% during the forecast period, according to a new report by Grand View Research, Inc. The market is witnessing robust growth driven by advancements in lithium-ion battery technology, which have significantly improved tool efficiency, runtime, and portability. These tools eliminate the limitations of wired equipment, offering greater flexibility for professionals in construction, automotive, and industrial applications. The shift toward compact, lightweight, and ergonomically designed tools is also supporting adoption across diverse end-user segments. Growing consumer preference for convenience and mobility in both residential and commercial settings continues to expand the global demand for cordless solutions.

Rapid industrialization, urbanization, and infrastructure development in emerging economies are key drivers of this market. The rising popularity of do-it-yourself (DIY) activities, particularly in developed regions like North America and Europe, has further fueled sales of compact cordless drills, saws, and impact drivers. Additionally, construction sector modernization and automotive repair digitization are increasing the need for precision, high-performance tools. The integration of smart features, such as IoT-based tracking, digital speed control, and torque adjustment, is enhancing productivity and safety, thereby attracting professionals across various industries.

Despite strong growth, the market faces challenges such as high product costs and competition from corded or pneumatic tools in certain heavy-duty applications. The limited lifespan of batteries and the need for frequent charging remain technical constraints, though rapid innovation is addressing these concerns. Manufacturers are investing heavily in developing longer-lasting batteries, brushless motors, and efficient power management systems. Moreover, the availability of counterfeit or low-quality cordless products in developing regions poses a threat to brand reputation and consumer trust.

Looking forward, the cordless power tools industry is expected to continue expanding at a healthy pace, supported by technological innovations and increasing construction and renovation activities worldwide. The growing emphasis on sustainability and energy efficiency is encouraging the development of eco-friendly batteries and recyclable materials. Strategic mergers and acquisitions, coupled with new product launches, are helping leading brands strengthen their global presence. With rising awareness of worker safety and productivity enhancement, cordless power tools are set to dominate future industrial and consumer tool segments.

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Cordless Power Tools Market Report Highlights

• Asia Pacific dominated the global cordless power tools industry with the largest revenue share of 33.4% in 2024, driven by massive infrastructure development, rapid urbanization, and robust growth in construction and automotive manufacturing.

• By product type, the drilling & fastening tools segment held the highest revenue share of 33.8% in 2024, due to their widespread use across construction, manufacturing, and assembly operations. These tools are essential for applications such as fastening bolts, screws, and rivets, as well as drilling holes in various materials like wood, metal, and concrete.

• By end use, the industrial segment held the highest revenue market share of 67.1% in 2024, driven by extensive usage across construction, automotive, aerospace, and manufacturing industries. Industrial professionals rely on these tools for their reliability, durability, and high power output in demanding environments.

Cordless Power Tools Market Segmentation

Grand View Research has segmented the global cordless power tools market based on product type, end use, and region:

Cordless Power Tools Product Type Outlook (Revenue, USD Million, 2021 - 2033)

• Drilling & Fastening Tools

• Sawing & Cutting Tools

• Grinding & Surface Prep Tools

• Others

Cordless Power Tools End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Industrial

• Residential

Cordless Power Tools Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Egypt

  • Qatar

  • Kuwait

List of Key Players in the Cordless Power Tools Market

• Ideal Power Tools

• Festool

• Ryobi

• Stanley Black & Decker

• Bosch

• Makita

• Hilti

• DeWalt

• Milwaukee

• Craftsman