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Cordless Power Tools Market Trends

Report ID: GMI8025
Published Date: Feb 2024
Report Format: PDF

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Cordless Power Tools Market Trends

Brushless motors are becoming increasingly common in cordless power tools. They offer higher efficiency, longer lifespan, and less maintenance compared to brushed motors. This translates to more powerful, reliable, and durable tools. For instance, in March 2023, DEWALT introduced the 20V MAX Brushless 1/2 in. Drill/Driver and 20V MAX Brushless 1/2 in. Hammer Drill. The brushless drills deliver up to 16% more power than compared to their previous products.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of cordless power tools was reached USD 11 billion in 2023 and is expected to register over 6.4% CAGR from 2024 to 2032, owing to the rapid advancements in battery technology and the increasing demand for portable and convenient solutions worldwide.

The brushed motors segment held over 60% share of the cordless power tools industry in 2023 and is expected to register an appreciable CAGR through 2032, due to their inherent advantages, including higher efficiency, reduced maintenance requirements, and longer operational life.

North America cordless power tools market size crossed USD 4 billion in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to the presence of robust construction sector driven by infrastructure development and a flourishing home improvement sector.

Atlas Copco AB, Dynabrade Power Tools, Hilti AG, Hitachi Ltd., Ingersoll Rand Inc., KEN Holding Co., Ltd., Makita Corporation, Robert Bosch GmbH, Snap-on Tools Company LLC, and Stanley Black & Decker Inc. are some of the major cordless power tools companies worldwide.