Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Battery Powered Tools Market, The Global 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. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Battery Powered Tools Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2025-2030
• Market Size in 2024: USD 39.5 billion
• CAGR (2025-2030): 2.9%

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Global Battery Powered Tools Market Segmentation Breakdown:

The Battery Powered Tools Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• 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

Drilling and fastening tools have a significant market share of around 28%. The battery power tools including drills, screwdrivers, wrenches, nut runners, and impact drivers, are necessary tools used in the automotive and woodworking industry & help in many applications.

• 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%.

• 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

Geographical Growth Insights:

• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia Pacific

Of all the major regions contributing to the Global Battery Power Tools Market, North America leads the market, by contributing almost 35% market share.

MarkNtel Advisors Highlights Key Market Drivers for Battery Powered Tools Market:

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.

A Comprehensive Analysis of Leading Companies in Global Battery Powered Tools Market

• Makita Corp.
• Robert Bosch GmbH
• 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
• Others

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Battery Powered Tools Market Recent Development:

• 2024: Robert Bosch GmbH has launched 2 new cordless drills named AdvancedDrill and AdvnacedImpact which are part of the ‘18V power for all systems’ to use in hard-to-reach areas.
• 2024:Stanley Black & Decker Inc. is going to expand products in its CRAFTSMAN V20 line that offer complete freedom from cord to tackle a variety of projects using a single battery platform.

What are the growth Opportunity driving the Global Battery Powered Tools Market?

Advanced & Light-Weight Tools with AI Integration to Provide Ample Growth Opportunities – In the era of Artificial Intelligence, integration of battery-powered tools with AI can potentially lower the maintenance cost, and increase the efficacy of tools with lower weight and higher energy density. Using AI and ML, the prediction of battery failures is becoming easy. Along with it, the expected time of power extinction is also predictable with AI integration, which will ultimately increase the usability of the battery-powered tools.

Further research & developments are going on to use the technology to the utmost highest efficiency, lowest weight, and higher portability. Other potential benefits from AI integration include a higher battery management system, optimized energy storage, and predictive maintenance. As per Siemens AG, it was estimated that almost 80% of the data from the machines in the battery factory stating bad quality drivers affecting manufacturing operations remains unutilized resulting in poor battery quality and high scrap rates. By utilizing this data through the integration of AI and ML, via factory automation manual quality controls, errors and wastage of time can be avoided. It will further raise the usability and demand for battery-powered tools in the forecast period.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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