Electric Power Tools Market Size - By Product, By Type, By Application, Forecast 2025 - 2034

Electric Power Tools Market Size

The global electric power tools market size was estimated at USD 48.3 billion in 2024 and is expected to reach USD 71.8 billion by 2034, growing at a CAGR of 4.5% from 2025 to 2034. The industrial sector is the largest user of electric power tools, and it fuels the demand for equipment such as drills, saws, hammers, and fastening tools. Increased urbanization and infrastructure development projects which encompasses manufacturing activities globally, also the demand for electric power tools for tasks such as drilling, cutting, grinding, and fastening in construction sites, domestic projects, and infrastructure development projects.
 

Moreover, DIY is gaining acceptance among homeowners and DIYers that is propelling demand for housekeeping, maintenance system, and other applications power tools. Increased enthusiastic attitude towards do-it-yourself (DIY) projects by homeowners is driving the demand for electric power tools. With governments all over the world implementing infrastructure development projects, the demand for the power tools utilized for construction work is expected to increase over the years to come. These efforts are anticipated to result in intense investments in non-residential building projects, and in turn fuel the demand for power tools during the forecast period.
 

Product safety and quality are required elements in the electric power tools industry. Companies must adhere to strict quality controls and compliance specifications to eliminate risks associated with product faults, failure, and safety risks that might injure customers and negatively impact brand image. The global supply chains are dependent on intricate processes for sourcing components and producing products. Supply chain disruptions and interventions such as environmental disasters, geopolitical tensions between nations, tariffs on trade, and logistical issues can affect production capacities, result in a higher costs structure, and alter product availability.
 

Electric Power Tools Market Trends

• There is a growing trend towards cordless electric power tools over traditional corded tools because of their multi-purpose advantages such as mobility, versatility, and power supply independence. Improved battery technology has resulted in cordless tools with extended operating times, quick charging, and enhanced productivity output which makes them more popular among professionals and do it yourselfers alike. Electric power tool makers are integrating smart technologies into their products to allow connectivity, remote monitoring, and data analysis.
   
• Moreover, Enhanced features that enhance efficiency and productivity in the work area include Bluetooth connection, cloud-based platforms, and mobile apps that provide users with access to records of use, real-time performance data, and alerts for predictive maintenance and repairs. The emergence of lithium-ion batteries, which offer higher energy density, longer duration runtimes, and quicker recharging, is now the wave in battery technology. Due to these advances, cordless electric power tools currently surpass their corded counterparts in performance and offer more mobility and flexibility in the work environment.
   
• Consequently, they have emerged as the preferred choice for powering cordless tools. As consumers are more attracted to cordless tools, manufacturers focus on launching innovative products. For instance, in March 2024, Chicago Pneumatic (a brand of Atlas Copco AB) launched the CP8609 series of eBlueTork battery-operated torque wrenches, ideal for fast and accurate tire changes on large commercial vehicles like trucks and buses. These tools enhance operator safety, traceability, and productivity in building on the success of the CP86 series. The demand for more mobile, flexible, and compact tools drives the market for battery-powered/cordless tools.
   

Electric Power Tools Market Analysis

Based on product type, the market is segmented as Drills and Fastening Tools, Hammers, Saws, Lawn Mowers, Vacuum cleaners and others. In 2024, the Drills and fastening tools segment generated a revenue of USD 17.9 billion and is expected to grow at a CAGR of around 4.8% during 2025 to 2034
 

• The Demand for fastening tools and drills is fueled by employing the use of continuous creation projects, renovations, and infrastructure development sports activities, necessitating drilling, screwing, and fastening operations within residential, enterprise, and commercial environments.
   
• Moreover, Demand for fastening equipment and drills is propelled through continuous production renovations, infrastructure development on sports, necessitating drilling, screwing, and fastening operations within residential, enterprise, and commercial environments. Saws are particularly used in carpentry, woodworking, and production packages to reduce wooden, metal, plastic, and special materials, assisting tasks along with framing, cutting, and shaping in fixture making, cabinetry, and production processes.
   

Based on product type, the electric power tools market is segmented as corded and cordless. In 2024, the corded segment generated a revenue of USD 26.8 billion and is expected to grow at a CAGR of around 4.1% through 2034
 

• Corded electric powered electricity tools offer better output from an electrical outlet, making them appropriate for extended use in commercial, production, and manufacturing settings where uninterrupted power is crucial. Corded equipment often offers better electricity output in comparison to cordless opposite numbers, making them preferred for heavy-obligation packages including drilling, cutting, and grinding tasks that require most torque and overall performance. Cordless electric electricity gear offer portability and mobility, allowing customers to work in far off places, restricted spaces, or out of doors settings where access to electrical retailers is restrained or unavailable.
   

Based on Application, the electric power tools market is segmented as Industrial, DIY and others. In 2024, the industrial segment generated a revenue of USD 39.1 billion and is expected to grow at a CAGR of around 4.4% till 2034
 

• Industrial applications include the automotive, construction, aerospace, and logistics industries that power tools are primarily utilized. The major drivers for the residential segment these industries in terms of technology innovation and advanced technology incorporation which is the primary reason why industrial applications excel more than residential ones build. The Automotive and construction industries have the highest adoption of power tools fostered by market demand which in turn accelerates the electric power tools market growth.
   
• With the growth of the need for automation, productivity, efficiency, precision, technology and safety, the requirement for power tools in industrial application is bound to rise. As the economy progresses, more industries are emerging in the sectors of manufacturing, aerospace, and automotive, leading to increased demand for power tools and benefiting the industrial segment.
   

• In 2024, North America dominated the electric power tools market with accounting to around 22.3% of the revenue share and generated around USD 10.8 billion revenue in the same year Growing infrastructure development and industrial development in the region is driving the demand for the market. Additionally, the presence of major players such as Stanley Black and Decker, Emerson Electric Co., and Apex Tool Group are contributing to the revenue share of the region. Moreover, the unavailability of cheap labor aids in the adoption of DIY jobs, thus, contributing to regional growth.
   
• Asia Pacific held the largest market share. Due to the flourishing automotive industry in countries such as India and China, the region is projected to witness the highest CAGR over the forecast period. Increasing disposable income and growing construction & infrastructure development activities are major factors influencing the electric power tools market growth.
   
• Europe is anticipated to record healthy growth over the forecast period. The growth of the regional industry is expected to be led by Germany and the U.K. The presence of manufacturing and production plants across many countries of the European Union are some of the factors anticipated to drive the growth. Growing infrastructure development and industrial development in the region is driving the demand for the market. Additionally, the presence of major players such as Stanley Black and Decker, Emerson Electric Co., and Apex Tool Group are contributing to the revenue share of the region. Moreover, the unavailability of cheap labor aids in the adoption of DIY jobs, thus, contributing to regional growth.
   

Electric Power Tools Market Share

• These top 6 companies in Electric Power tool Market Atlas Copco AB DeWalt Emerson Electric Co. Fein Power Tools Inc. Festool Group which forms a company share of 23% of the market dominance.
   
• The businesses have been pouring their money into the research and study initiatives R&D to retain competitive advantage. Innovation is very important and so DeWalt and Festool are bringing new and improved cordless power tools and other new appliances that are more powerful, durable, have better batteries, and are designed with safety features, too.
   
• This private DeWalt firm, like other companies in this segment, uses strong marketing advertisements, alliances with big wholesalers, and promote the brand and quality of tools to enhance and consolidate the company’s position in the market. Many players are becoming environmentally friendly and looking for advanced and less harmful products like Atlas Copco
   
• AB which concentrates on developing new energy saving power tools and green technologies because of the need for sustainable products in the market. Attention is gradually shifting towards greener technologies which are meeting the growing needs of the population and helping the companies achieve high environmental marks.
   

Electric Power Tools Market Companies

Major players operating in the electric power tools industry are:

• Atlas Copco AB
• DeWalt
• Emerson Electric Co.
• Fein Power Tools Inc.
• Festool Group
• Hilti Corporation
• Hitachi Koki Co., Ltd.
• Makita Corporation
• Milwaukee Electric Tool Corporation
• Panasonic Corporation
• Robert Bosch GmbH
• Ryobi Limited
• Snap-on Incorporated
• Stanley Black & Decker, Inc.
• Techtronic Industries Co. Ltd.
   

Robert Bosch GmbH, One of the most renowned companies dealing in power tools and technology across the world, is strategically enhancing their segment shares in the electric power tools industry through acquisitions and innovations. The company keeps increasing its product scope and technology to match the needs of professional and do it yourself customers around the globe. Bosch has invested heavily in developing new tools intended for enhanced power, precision and sustainability.
 

Makita Corporation, one of the top companies in the electric power tools market, is well-known for its design and technology, owing to a number of accolades received for innovative products that high performance and ease of use. For example, Makita Innovations in lithium ion battery technology for cordless power tools.
 

 Electric Power Tools Market Industry News

• In February 2024, Green work Tools opened two leading-edge facilities in Nevada and Ontario, Canada. These world-class buildings encompass a warehouse, office, and creative studio space, enabling the company to strengthen its operations, provide faster delivery on the West Coast, and offer enhanced customer service.
   
• In January 2024, EcoTeq launched Mean Green Fury 32, which offers up to seven hours of continuous operation on a single charge. A twin-blade of 32″ cutting width makes this mower an attractive standup option for lawn-care professionals.
   
• In September 2023, John Deere debuted six new commercial-grade QuikTrak Stand-On Mower models. The Q800 Series offer compact designs that provide visibility, maneuverability, and ease of operation.
   
• In April 2023, CRAFTSMAN® brand launched several new electric outdoor products designed to help doers tackle their lawn and garden chores with ease and efficiency. New products ranged from battery-powered mowers to cordless lawn and garden tools providing power and runtime to meet yard care needs. On this date the company entered into the electric mower business.
   
• On September 7th 2023, The Toro Company  and Lowe’s Companies, Inc. (NYSE: LOW)  announced a strategic retail partnership through which Lowe’s will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories.
   
• In 2023, the SCAG Power Equipment launched EVZ, the first electric-powered unit in SCAG’s industry-leading lawn mower lineup.
   

The electric power tools market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million Units) from 2021 to 2034, for the following segments:

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Market, By Product

• Drills and Fastening Tools
• Hammers
• Saws
• Lawn Mowers
• Vacuum cleaners
• Others

Market, By Type

• Corded
• Cordless

Market, By Application

• Industrial
  • Construction
  • Automotive
  • Aerospace
  • Others 
• DIY
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa