Cordless Power Tools Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 14.44 Billion
CAGR (2026-2031)	9.51%
Fastest Growing Segment	Sawing and Cutting Tools
Largest Market	Asia Pacific
Market Size (2031)	USD 24.91 Billion

Market Overview

The Global Cordless Power Tools Market will grow from USD 14.44 Billion in 2025 to USD 24.91 Billion by 2031 at a 9.51% CAGR. The Global Cordless Power Tools Market is defined as the sector comprising battery-operated handheld and portable devices, such as drills, drivers, and saws, that function without a physical tether to an electrical power source. The market’s trajectory is fundamentally supported by rapid advancements in lithium-ion battery technology, specifically the integration of high-efficiency brushless motors, alongside a structural shift toward cordless solutions in professional construction and an expanding global do-it-yourself culture. These drivers collectively enhance user mobility and job site safety, fostering sustained demand for high-performance, untethered equipment across various industries.

However, the market confronts a significant challenge in the form of macroeconomic volatility and elevated interest rates, which have constrained capital expenditure in key end-user verticals like residential construction. This downturn in building activity directly impacts the procurement volume of power tools. According to the European Construction Industry Federation, in 2024, investment in housebuilding within the European Union fell by 7.7%, illustrating the severe demand-side pressures currently impeding broader market expansion.

Key Market Drivers

The integration of high-density lithium-ion battery technology and high-efficiency brushless motor systems has fundamentally altered the market landscape by enabling cordless tools to match or exceed the power output of traditional corded and pneumatic devices. This technological leap allows manufacturers to offer extended runtimes and higher torque capacities, directly accelerating the replacement of legacy tethered equipment across industrial and construction sectors. As a result, major industry players are witnessing a decisive revenue shift toward battery-operated portfolios as end-users prioritize the convenience and safety of untethered operation. According to Makita Corporation, March 2024, in the 'Makita Report 2024', cordless products accounted for 54% of the company’s total revenue in the fiscal year ended March 2024, a significant increase from just 29% a decade prior.

Simultaneously, the expansion of global construction and infrastructure projects continues to drive substantial procurement of professional-grade power tools, offsetting softer demand in the residential DIY segment. Professional tradespeople are increasingly adopting specialized cordless platforms to maintain productivity on complex jobsites where power accessibility is limited, supporting sustained growth for brands focused on heavy-duty applications. According to Techtronic Industries, August 2024, in the 'Interim Report 2024', their flagship professional business, Milwaukee, delivered sales growth of 11.2% in local currency during the first half of the year, driven by demand for trade-specific solutions. Highlighting the broader resilience of the professional equipment sector, according to Hilti Group, in 2024, the company reported a sales increase of 9.0% in local currencies for the preceding fiscal year, confirming sustained commercial demand.

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Key Market Challenges

The Global Cordless Power Tools Market faces substantial headwinds due to macroeconomic volatility and persistently high interest rates which directly constrain capital expenditure in the residential construction sector. When borrowing costs rise, professional contractors and individual homeowners often delay or cancel new building plans and renovation projects to preserve liquidity. This contraction in construction activity limits the number of active job sites and reduces the immediate operational requirement for battery-operated equipment. Since power tools are durable goods, construction firms are more likely to extend the lifecycle of their existing inventories during periods of financial uncertainty rather than investing in new cordless models.

This downturn in building activity hampers market growth by significantly lowering procurement volumes in key end-user verticals. According to the National Association of Home Builders, in 2024, total housing starts declined by 3.9% to 1.36 million units compared to the previous year. A decrease in housing starts directly correlates with reduced demand for essential handheld devices such as drills and saws, as fewer projects require fewer tools. Consequently, manufacturers experience slower inventory turnover and reduced revenue as the primary consumer base scales back its spending on high-performance equipment.

Key Market Trends

The convergence of power tool and outdoor equipment battery platforms represents a strategic shift towards universal interchangeability, where a single high-voltage battery system powers devices ranging from handheld drills to heavy-duty landscaping machinery. This ecosystem approach eliminates the need for multiple proprietary chargers and distinct battery interfaces, encouraging user loyalty to a specific brand while significantly reducing operational costs and jobsite complexity. According to Makita U.S.A., Inc., October 2024, in the press release 'Makita Releases Two New 40V Max XGT Outdoor Power Equipment Essentials', the company’s unified XGT system was projected to expand to over 125 distinct products in 2024, seamlessly bridging the gap between core construction tools and commercial-grade outdoor power equipment.

The integration of smart connectivity and IoT solutions is transforming standard equipment into intelligent assets capable of real-time data tracking and performance customization. Manufacturers are embedding Bluetooth modules directly into tool bodies to enable precision torque control, theft deterrence, and remote usage monitoring, which are critical for large-scale construction firms managing dispersed assets. According to Milwaukee Tool, January 2024, in the article 'ONE-KEY™ 2023: A Year in Review', the brand has established the industry’s largest connected portfolio, offering over 100 distinct smart solutions that utilize digital platforms to enhance user productivity and asset security.

Segmental Insights

The Sawing and Cutting Tools segment is currently the fastest-growing category within the Global Cordless Power Tools Market, driven primarily by substantial advancements in high-voltage battery technology. These technical improvements now allow cordless saws to deliver power and endurance comparable to traditional corded models, enabling their use in heavy-duty construction and demolition tasks. Consequently, industry professionals are increasingly adopting these tools to enhance job site mobility and eliminate safety risks associated with trailing cords. Furthermore, a sustained rise in residential renovation activities has fueled additional demand for versatile, high-performance cutting solutions among private users.

Regional Insights

Asia Pacific holds the leading position in the Global Cordless Power Tools Market, primarily driven by rapid urbanization and substantial infrastructure development in emerging economies like China and India. The region serves as a major manufacturing hub where the availability of raw materials and competitive labor costs allow companies to scale production efficiently. Additionally, the continuous expansion of the automotive and construction industries fuels the demand for mobile tooling solutions. These strong economic fundamentals and increasing industrial activities ensure the region maintains its dominance in the global marketplace.

Recent Developments

In January 2025, Makita U.S.A., Inc. released the new 40V max XGT Brushless Cordless StarlockMax Oscillating Multi-Tool, further expanding its high-performance cordless system. Designed to deliver power comparable to corded equivalents, this new tool features a variable speed control dial and Anti-Vibration Technology to minimize user fatigue during prolonged use. The manufacturer stated that the device offers a 3.6-degree oscillation angle for aggressive cutting and sanding and is compatible with a wide range of accessories. This launch represents the company's continued focus on providing cordless solutions that replace traditional gas and corded equipment for professional tradespeople.
In November 2024, DeWalt announced the market availability of its POWERSHIFT cordless equipment system across North America. This new line of electrified heavy-duty tools is engineered to optimize concrete and construction workflows, allowing professionals to transition from gas-powered machinery to battery-operated alternatives. The system features a high-capacity battery that powers essential equipment such as plate compactors, rammers, and backpack vibrators without compromising performance. The brand highlighted that this development is a strategic move to support the construction industry's electrification efforts and significantly reduce carbon emissions on jobsites.
In October 2024, Bosch Power Tools introduced a significant expansion to its 18V cordless portfolio in North America by launching over 30 new products. The release included the brand's first-ever cordless router and a comprehensive lineup of 18V cordless nailers, such as angled finish nailers and a brad nailer, specifically designed for carpentry and remodeling tasks. Additionally, the company entered the plumbing market with new cordless press tool kits. Company executives noted that these innovations were developed using extensive user insights to enhance durability and efficiency for professionals across various trade industries.
In January 2024, Hilti North America announced the expansion of its Nuron battery platform with the introduction of several new cordless tools designed for heavy-duty construction applications. Key additions included the SC 6WP-22 Cordless Plunge Saw, engineered for precise cutting in wood and solid surfaces, and the SM 60-22 Compound Miter Saw. The company emphasized that these tools are integrated with its connected battery technology, which delivers performance data to help fleet managers optimize asset usage. This strategic development reinforces the manufacturer's commitment to providing a fully connected and cordless ecosystem for the construction market.

Key Market Players

Stanley Black & Decker, Inc.
Robert Bosch GmbH
Techtronic Industries Company Limited
Makita Corporation
Hilti Corporation
Atlas Copco AB
Apex Tool Group, LLC.
Ingersoll Rand Inc.
Snap-on Incorporated
Koki Holdings Co., Ltd.

By Tool Type	By Motor Type	By Battery Voltage	By End User	By Region
Drilling and Fastening Tools Sawing and Cutting Tools Demolition Tools Material Removal Tools and Routing Tools	Brushed Motors Brushless Motors	12V 18V 20V 40V 40V and above	Industrial Commercial and Residential	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cordless Power Tools Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Cordless Power Tools Market, By Tool Type:

Drilling and Fastening Tools
Sawing and Cutting Tools
Demolition Tools
Material Removal Tools
and Routing Tools

Cordless Power Tools Market, By Motor Type:

Brushed Motors
Brushless Motors

Cordless Power Tools Market, By Battery Voltage:

12V
18V
20V
40V
40V
and above

Cordless Power Tools Market, By End User:

Industrial
Commercial
and Residential

Cordless Power Tools Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cordless Power Tools Market.

Available Customizations:

Global Cordless Power Tools Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Cordless Power Tools Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Cordless Power Tools Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Tool Type (Drilling and Fastening Tools, Sawing and Cutting Tools, Demolition Tools, Material Removal Tools, and Routing Tools)

5.2.2. By Motor Type (Brushed Motors, Brushless Motors)

5.2.3. By Battery Voltage (12V, 18V, 20V, 40V, 40V, and above)

5.2.4. By End User (Industrial, Commercial, and Residential)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Cordless Power Tools Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Tool Type

6.2.2. By Motor Type

6.2.3. By Battery Voltage

6.2.4. By End User

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Cordless Power Tools Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Tool Type

6.3.1.2.2. By Motor Type

6.3.1.2.3. By Battery Voltage

6.3.1.2.4. By End User

6.3.2. Canada Cordless Power Tools Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Tool Type

6.3.2.2.2. By Motor Type

6.3.2.2.3. By Battery Voltage

6.3.2.2.4. By End User

6.3.3. Mexico Cordless Power Tools Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Tool Type

6.3.3.2.2. By Motor Type

6.3.3.2.3. By Battery Voltage

6.3.3.2.4. By End User

7. Europe Cordless Power Tools Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Tool Type

7.2.2. By Motor Type

7.2.3. By Battery Voltage

7.2.4. By End User

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Cordless Power Tools Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Tool Type

7.3.1.2.2. By Motor Type

7.3.1.2.3. By Battery Voltage

7.3.1.2.4. By End User

7.3.2. France Cordless Power Tools Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Tool Type

7.3.2.2.2. By Motor Type

7.3.2.2.3. By Battery Voltage

7.3.2.2.4. By End User

7.3.3. United Kingdom Cordless Power Tools Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Tool Type

7.3.3.2.2. By Motor Type

7.3.3.2.3. By Battery Voltage

7.3.3.2.4. By End User

7.3.4. Italy Cordless Power Tools Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Tool Type

7.3.4.2.2. By Motor Type

7.3.4.2.3. By Battery Voltage

7.3.4.2.4. By End User

7.3.5. Spain Cordless Power Tools Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Tool Type

7.3.5.2.2. By Motor Type

7.3.5.2.3. By Battery Voltage

7.3.5.2.4. By End User

8. Asia Pacific Cordless Power Tools Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Tool Type

8.2.2. By Motor Type

8.2.3. By Battery Voltage

8.2.4. By End User

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Cordless Power Tools Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Tool Type

8.3.1.2.2. By Motor Type

8.3.1.2.3. By Battery Voltage

8.3.1.2.4. By End User

8.3.2. India Cordless Power Tools Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Tool Type

8.3.2.2.2. By Motor Type

8.3.2.2.3. By Battery Voltage

8.3.2.2.4. By End User

8.3.3. Japan Cordless Power Tools Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Tool Type

8.3.3.2.2. By Motor Type

8.3.3.2.3. By Battery Voltage

8.3.3.2.4. By End User

8.3.4. South Korea Cordless Power Tools Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Tool Type

8.3.4.2.2. By Motor Type

8.3.4.2.3. By Battery Voltage

8.3.4.2.4. By End User

8.3.5. Australia Cordless Power Tools Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Tool Type

8.3.5.2.2. By Motor Type

8.3.5.2.3. By Battery Voltage

8.3.5.2.4. By End User

9. Middle East & Africa Cordless Power Tools Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Tool Type

9.2.2. By Motor Type

9.2.3. By Battery Voltage

9.2.4. By End User

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Cordless Power Tools Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Tool Type

9.3.1.2.2. By Motor Type

9.3.1.2.3. By Battery Voltage

9.3.1.2.4. By End User

9.3.2. UAE Cordless Power Tools Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Tool Type

9.3.2.2.2. By Motor Type

9.3.2.2.3. By Battery Voltage

9.3.2.2.4. By End User

9.3.3. South Africa Cordless Power Tools Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Tool Type

9.3.3.2.2. By Motor Type

9.3.3.2.3. By Battery Voltage

9.3.3.2.4. By End User

10. South America Cordless Power Tools Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Tool Type

10.2.2. By Motor Type

10.2.3. By Battery Voltage

10.2.4. By End User

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Cordless Power Tools Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Tool Type

10.3.1.2.2. By Motor Type

10.3.1.2.3. By Battery Voltage

10.3.1.2.4. By End User

10.3.2. Colombia Cordless Power Tools Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Tool Type

10.3.2.2.2. By Motor Type

10.3.2.2.3. By Battery Voltage

10.3.2.2.4. By End User

10.3.3. Argentina Cordless Power Tools Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Tool Type

10.3.3.2.2. By Motor Type

10.3.3.2.3. By Battery Voltage

10.3.3.2.4. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Cordless Power Tools Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Stanley Black & Decker, Inc.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Robert Bosch GmbH

15.3. Techtronic Industries Company Limited

15.4. Makita Corporation

15.5. Hilti Corporation

15.6. Atlas Copco AB

15.7. Apex Tool Group, LLC.

15.8. Ingersoll Rand Inc.

15.9. Snap-on Incorporated

15.10. Koki Holdings Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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