Battery Powered Tools Market Expected to Reach USD 43 Billion by 2030 with 2.9% CAGR

A Quick Overview of Battery Powered Tools Market

• Base Year: 2024

• Historical Years: 2020-2023

• Forecast Years: 2025-2030

• Market Growth Rate: 2.9% (2025-2030)

The key object of this report on the Battery Powered Tools Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, 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% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Driver-

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.

Battery Powered Tools Market Report Segmentation:

The report by MarkNtel Advisors on Battery Powered Tools Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Tools

> Drills & Fastening Tools

>> Drills

>> Wrenches

>> Screwdrivers

> Sawing & Cutting Tools

>> Band Saw

>> Reciprocating Saw

>> Circular Saw

> Demolition Tools

>> Rotary Hammers

>> Hammer Drills

> Material Removal Tools

>> Sanders

>> Grinders

>> Routing Tools

> Garden Tools

>> Trimmer & Blowers

>> Lawn Mowers

>> Ride on Lawn Mowers

> Vacuum Cleaners

>> Handheld Vacuums

>> Stick Vacuums

> Others (Dust Extractor, laser Tools, etc.)

- 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. The value of the drills market in 2023 was around USD7.8 billion, further projected to surpass USD11 billion by 2029. The same is the case with wrenches and screwdrivers, whose demand is continuously rising and driving the market growth for the drilling and fastening tools in the Global Battery-powered Tools Market.

By Motor Type

> Brushed Motor

> Brushless Motor

By Battery Type

> Lithium-Ion

> Nickel-Cadmium

> Others

By End Users

> Industrial & Commercial

>> Construction Industry

>> Woodworking & Carpentry

>> Automotive Industry

>> Electronics & Appliance Repair

>> Others

> Residential

By Battery Volt

> Up to 12V

> 13V - 20V

> 21V - 36V

> 37V - 60V

> > 60V

By Distribution Channel

> Offline

> Online

By Region

> North America

> South America

> Europe

> The Middle East & Africa

> Asia-Pacific

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Some of the Top Battery Powered Tools Companies in the Market

In the fast-changing Battery Powered Tools Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• 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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