Battery Powered Tools Market Overview and Insights:
According to Markntel Advisors Report, Battery Powered Tools Market size was valued at around USD39.5 billion in 2024 and is projected to reach USD43 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.9% during the forecast period, i.e., 2025-30.
Battery Powered Tools Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Industry Growth Driver:
Growing Woodworking Industry Driving Market Growth – The continuously growing woodworking industry, with an expected CAGR of 3.7% in the period from 2020 to 2027 in the woodworking tools market, is driving the demand for battery-powered tools. These sawing and cutting tools have major applications in the woodworking & carpentry industry as well. The battery-powered tools provide suitability, portability, and other benefits that help in maximizing the output and minimizing the time wasted between the transition of tasks. The value of the hand tools market in woodworking by 2025 is expected to cross USD2.5 billion. Moreover, the market value of power tools in the woodworking industry is expected to reach around USD7.5 billion by 2027 with a CAGR of 4.3%. Therefore, the associated growth in this industry is driving the battery-powered tools market to increase convenience and enhance the user experience.
What is Included in Battery Powered Tools Market Segmentation?
The report has segmented the market into the following categories:
By Tools
– Drills & Fastening Tools – Market Size & Forecast 2020-2030, USD Million
– – Drills- Market Size & Forecast 2020-2030, USD Million
– – Wrenches- Market Size & Forecast 2020-2030, USD Million
– – Screwdrivers- Market Size & Forecast 2020-2030, USD Million
– Sawing & Cutting Tools- Market Size & Forecast 2020-2030, USD Million
– – Band Saw- Market Size & Forecast 2020-2030, USD Million
– – Reciprocating Saw- Market Size & Forecast 2020-2030, USD Million
– – Circular Saw- Market Size & Forecast 2020-2030, USD Million
– Demolition Tools- Market Size & Forecast 2020-2030, USD Million
– – Rotary Hammers- Market Size & Forecast 2020-2030, USD Million
– – Hammer Drills- Market Size & Forecast 2020-2030, USD Million
– Material Removal Tools- Market Size & Forecast 2020-2030, USD Million
– – Sanders- Market Size & Forecast 2020-2030, USD Million
– – Grinders- Market Size & Forecast 2020-2030, USD Million
– – Routing Tools- Market Size & Forecast 2020-2030, USD Million
– Garden Tools- Market Size & Forecast 2020-2030, USD Million
– – Trimmer & Blowers- Market Size & Forecast 2020-2030, USD Million
– – Lawn Mowers- Market Size & Forecast 2020-2030, USD Million
– – Ride on Lawn Mowers- Market Size & Forecast 2020-2030, USD Million
– Vacuum Cleaners- Market Size & Forecast 2020-2030, USD Million
– – Handheld Vacuums- Market Size & Forecast 2020-2030, USD Million
– – Stick Vacuums- Market Size & Forecast 2020-2030, USD Million
– -Others (Dust Extractor, laser Tools, etc.)- Market Size & Forecast 2020-2030, USD Million
By Motor Type
– Brushed Motor- Market Size & Forecast 2020-2030, USD Million
– Brushless Motor- Market Size & Forecast 2020-2030, USD Million
By Battery Type
– Lithium-Ion- Market Size & Forecast 2020-2030, USD Million
– Nickel-Cadmium- Market Size & Forecast 2020-2030, USD Million
– Others -Market Size & Forecast 2020-2030, USD Million
By End Users
– Industrial & Commercial- Market Size & Forecast 2020-2030, USD Million
– – Construction Industry- Market Size & Forecast 2020-2030, USD Million
– – Woodworking & Carpentry- Market Size & Forecast 2020-2030, USD Million
– – Automotive Industry- Market Size & Forecast 2020-2030, USD Million
– – Electronics & Appliance Repair- Market Size & Forecast 2020-2030, USD Million
– – Others -Market Size & Forecast 2020-2030, USD Million
– Residential- Market Size & Forecast 2020-2030, USD Million
Among all the major end-user categories, Industrial and commercial end-users acquire the largest market share of more than 80%. In almost all industries, such as electronics, automotive, woodworking, and construction, battery power tools have significant applications. The continuously evolving automotive industry is the largest user among all industry users, of these battery-powered tools, with the size of the automotive industry being more than USD2 trillion. Thus, the continuously expanding battery-powered tools market will provide enhanced convenience and usability for the automotive industry.
By Battery Volt
– Up to 12V – Market Size & Forecast 2020-2030, USD Million
– 13V – 20V- Market Size & Forecast 2020-2030, USD Million
– 21V – 36V- Market Size & Forecast 2020-2030, USD Million
– 37V – 60V- Market Size & Forecast 2020-2030, USD Million
– > 60V – Market Size & Forecast 2020-2030, USD Million
By Distribution Channel
– Offline- Market Size & Forecast 2020-2030, USD Million
– Online- Market Size & Forecast 2020-2030, USD Million
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Who are the Key Players Operating in the Battery Powered Tools Industry?
The top companies of the Battery Powered Tools market ruling the industry are:
- Makita Corp.
- Robert Bosch GmbH
- Business Description
- Stanley Black & Decker Inc.
- Techtronic Industries Co. Ltd.
- Hilti Corporation
- STIHL Tirol GmbH
- Ingersoll Rand Inc.
- Snap ON Inc.
- Panasonic Holdings Corporation
- Apex Tool Group
- Flex GmbH
- AIMCO
- Ryobi Ltd.
- DEWALT
- Milwaukee Tool
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FAQs (Frequently Ask Questions)
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- What are the trends influencing the current scenario of the Battery Powered Tools Market?
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- Which geographical area dominates the Battery Powered Tools industry?
- Which is the Leading segment in the market?
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