Press Release

A USD39.5 Billion the Global Battery Powered Tools Market to Witness a CAGR of Around 2.9% During 2025-30

The Global Battery Powered Tools Market size was valued at around USD 39.5 billion in 2024 and is projected to reach USD 43 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 2.9% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in their recent research report. In industries including automotive, woodworking, construction, and electronics & appliance repair, the demand for battery power tools is increasingly gaining traction, due to the rising benefits related to the enhanced convenience and increased suitability provided by them. Along with it, for fulfilling regular applications of different industries, power tools such as grinders, saws, drills, hammers, wrenches, etc. are used.

Moreover, one of the largest end-user industries of battery power tools is the automotive industry, with a market value of more than USD2 trillion in 2024. Increased suitability & enhanced efficiency of workers in the automotive industry are projected to boost the market for battery power tools in the upcoming years. Additionally, with a CAGR of around 4.3%, the value of power tools in the woodworking industry is estimated to reach approximately USD7.5 billion by 2027. The market for these tools in the woodworking industry will further uplift in the forecast period due to the significant number of applications of these battery-powered tools in sawing, cutting, etc., and the speedy transition between tasks allowed by the use of battery-powered tools.

Furthermore, the rapidly growing construction industry is projected to reach over USD 14 trillion by 2030. With a comparatively lower application of these tools but a higher value in the industry, the growth of battery-powered tools in the market will increase too. The largest construction markets globally include Asia-Pacific, North America, and the Middle East. In addition, quick traction is gained by the lithium-ion batteries. Some of the major benefits of Lithium-Ion batteries include lower weight, high energy storage capacity, & compact size, which is attributed to the rising use of these batteries in tools powered with batteries. These benefits increase their usability in comparison to conventional nickel-metal hydride and nickel-cadmium batteries and raise the level of efficiency in battery tools. The tools with Li-Ion batteries take less time to charge and reduce the problem of self-discharge.

Thus, the companies such as Techtronic Industries Co. Ltd., Ingersoll rand Inc., and Robert Bosch GmbH have started to manufacture tools with lithium-ion batteries. Also, as stated by the IEA, Li-Ion batteries demand after 2021 has increased by approximately 65%, further states the research report, Global Battery Powered Tools Market Analysis, 2025.”

Segmentation Analysis

Industrial & Commercial Segment Holds the Largest Market Share

Based on the End Users, the market is further bifurcated into Industrial & commercial and Residential. Industrial & commercial end-users, including the construction industry, automotive industry, woodworking & carpentry, electronics & appliance repair, etc., are the major users of the battery power tools market, holding almost 80% market share. Moreover, there has been a growing demand for DIY tools in residential areas after COVID-19, but the share of industrial end-users is still significant and dominating. These tools are used regularly and consistently in the industries.

Drills and grinders are the major tools that fulfill most of the requirements in the automotive and woodworking industry. Tools like hammers and drills are used in the everyday work of the woodworking and carpentry industry. All these tools, with the benefit of powered batteries, are helping to maximize output in these industries and minimize the time wasted between transitioning tasks.

North America Leads the Battery Power Tools Industry

Among all the major contributing regions of the Global Battery Powered Tools Market, North America has a significant share of around 35%. The highest share of the region is attributed to well-developed industries of woodworking & carpentry, construction, automotive, and electronic components, which all are the major end users of the battery power tools market. Further, the US construction market is estimated to be more than USD1.5 trillion in 2024. Moreover, the woodworking and carpentry industry of North America has been flourishing and the valuation of its furniture market for houses and institutions was over USD20 billion in 2022. All these factors indicate a substantial demand for battery power tools from these specific industries in the region.

Further, the region of Asia-Pacific in this battery tools market is projected to grow at a significant growth rate and is anticipated to be the fastest-growing region during the forecast period, owing to rising industrial development and technological advancements.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., Hilti Corporation, Ingersoll Rand Inc., Snap ON Inc., Panasonic Holdings Corporation, Apex Tool Group, AIMCO, Ryobi Ltd., Dewalt, Flex GmbH, STIHL Tirol GmbH, Milwaukee Tool, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the Globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?