How big is the cordless power tools market | Growth Analysis 2031

Q: What is the market size of the cordless power tools industry?

The cordless power tools market was valued at USD 24.3 billion and is projected to reach USD 41.8 billion.

Q: What is the expected CAGR of the cordless power tools market?

The cordless power tools market is expected to grow at a CAGR of 7.9% during the forecast period.

Q: What are the major trends in the cordless power tools market?

Key trends of cordless power tools market include the integration of smart technologies, rise in DIY tool usage, sustainability focus, and innovations in battery performance.

Q: What are the key drivers of the cordless power tools market?

Key drivers cordless power tools market includes infrastructure development, battery tech advancements, DIY demand, and growth in automotive and industrial applications.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5294

Publication Date: Jul 2025

What is the Cordless Power Tools Market Size?

According to 6Wresearch internal database and industry insights, the Global Cordless Power Tools Market was valued at USD 24.3 billion in 2024 and is anticipated to exceed USD 41.8 billion by 2031, registering a steady at a CAGR of 7.9% during the forecast period.

Cordless power tools market is undergoing notable extension due to amplified demand across construction, motorized, and DIY areas. The ease of flexibility, continuous technical advancements, and augmented focus on user safety and energy efficiency are driving adoption. Growing infrastructure development and the popularity of battery-powered tools among both professionals and homeowners are key contributors to this market’s growth.

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Major Growth Factors of the Cordless Power Tools Industry

Increasing popularity of DIY culture
Rise in construction and renovation activities
Growth in industrial automation
Advancements in lithium-ion battery technology
Expansion of e-commerce platforms
Rising demand in emerging economies
Emphasis on energy-efficient and ergonomic tools
Surge in automotive and aerospace manufacturing activities

Cordless Power Tools Market Trends

Cordless power tools market is witnessing a shift towards brushless motors, ergonomic design enhancements, and smart tool incorporations for performance tracking. The rise in professional-grade tools for home use and the push for sustainability have prompted manufacturers to innovate with battery recycling and eco-friendly materials.

Emerging Developments in the Cordless Power Tools Industry

Cordless power tools industry is evolving with the incorporation of IoT and AI for predictive maintenance and performance optimization. New alliances between tech and tool companies are driving innovation, while compact and multi-functional tool kits are gaining popularity. Companies are also focusing on rapid-charging technologies and long-life battery systems to gain a competitive edge.