According to Arizton’s latest research report, the global cordless power tools market is growing at a CAGR of 6.85%. of during 2024-2030.
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Report Scope:
Market Size – Revenue (2030): USD 37.20 Billion
Market Size – Revenue (2024): USD 25.00 Billion
CAGR – Revenue (2024-2030): 6.85%
Market Size – Volume (2030): 325.05 Million Units
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Tool Type, Drilling & Fastening, Sawing & Cutting, Demolition, Material Removal, Routing, Other Tools, Category, Motor Type, Battery, End-Users, Industrial, Distribution Channel, and Geographical Analysis, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Largest Region – Revenue (2024): North America
Industry 4.0 Drives Smart Precision Manufacturing with Cordless Power Tools at the Core
The evolution of Industry 4.0 has redefined industrial automation, introducing advanced system architectures that emphasize efficiency, flexibility, and responsiveness. These technological shifts are directly influencing the growth of cordless power tools, especially in precision-driven manufacturing environments. By integrating manufacturing processes with inbound and outbound logistics, as well as customer service functions, Industry 4.0 enables a holistic and adaptive automation framework. This interconnected approach supports the widespread use of battery-operated drills and wrenches in high-precision assembly applications.
In line with these advancements, Industry 4.0 also fosters mass customization—allowing manufacturers to tailor cordless tools to specific user requirements with minimal cost impact. This is revolutionizing how tools are produced and deployed in various industrial settings.
A recent example is Bosch Power Tools’ 2023 expansion of its Connectivity Module ecosystem, seamlessly integrating IoT-enabled cordless tools with smart factory systems. This move highlights Bosch’s commitment to Industry 4.0, enhancing interoperability, operational efficiency, and customization capabilities in modern manufacturing workflows.
Recent Market News
Surge in DIY Culture Expands Market for Cordless Power Tools The growing popularity of residential improvement and DIY activities, particularly across North America and Europe, and increasingly in developing markets like India and Brazil, is driving consistent demand for cordless power tools. Retailers such as Home Depot, along with specialty outlets, continue to expand their DIY-focused offerings. This consumer-led trend, amplified by digital platforms and instructional content, presents growth opportunities for manufacturers. Key players including Bosch, Makita, DeWalt, and Milwaukee are responding with purpose-built innovations designed to meet evolving homeowner and prosumer needs.
Offline Retail Channels Remain Strong in Power Tool Distribution
In 2024, offline distribution channels account for over 61% of market revenue and are projected to grow at a CAGR of 5.92% through the forecast period. This growth is driven by customer preference to evaluate product features and performance in person before making a purchase. Reliable dealer networks, fast delivery, and strong after-sales service continue to shape brand preference. Specialty stores are gaining traction with personalized support and loyalty programs, while major retail chains like Home Depot, Lowe’s, and Costco remain vital due to their broad reach and product availability.
Cordless Power Surge: North America Sets the Pace in Innovation and Industrial Demand
North America remains one of the most advanced and mature markets for power tools, driven by continuous innovation, a strong presence of global brands, and high consumer demand for efficiency-focused solutions. In 2024, the U.S. dominates regional market share, contributing 77.18% by value, supported by well-established distribution networks and sustained investment in R&D. Innovations in lithium-ion battery technology have significantly improved the performance, runtime, and charging efficiency of cordless tools, fueling the shift from corded to cordless models among both professionals and end-users.
Meanwhile, Canada is emerging as a growth hotspot, registering a robust CAGR of 7.06%, with cities like Toronto, Vancouver, and Montreal seeing increased adoption driven by the rising construction sector. The construction and automotive industries continue to be major demand drivers, emphasizing speed, flexibility, and operational ease on job sites and production lines.
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Key Company Profiles
Other Prominent Company Profiles
Market Segmentation & Forecast
Tool Type
Drilling & Fastening
Sawing & Cutting
Demolition
Material Removal
Other Tools
Category
Motor Type
Battery
End-users
Industrial
Distribution Channel
Geography
North America
Europe
APAC
Latin America
Middle East & Africa
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