Electric Power Tools Market to Hit USD 78.4 Billion by 2035 with Strong Global Expansion

The global electric power tools market is on a strong growth trajectory, estimated to reach USD 50.5 billion in 2025 and projected to climb to USD 78.4 billion by 2035, reflecting a compound annual growth rate (CAGR) of 4.5%. This expansion highlights a decade of innovation, increasing consumer demand, and industry-wide adoption of advanced technologies that are redefining how power tools are designed and used.

Between 2024 and 2029, the market will add USD 12.2 billion in value, driven by the surge in cordless and battery-powered tools, advancements in lithium-ion technology, and the growing do-it-yourself (DIY) culture. From 2030 to 2034, expansion will continue as automation and precision-driven equipment become critical in construction, automotive repair, aerospace, and metalworking. By the latter years leading up to 2035, smart and connected power tools integrated with IoT and AI will take center stage, enhancing efficiency, safety, and user experience.

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Market Growth Drivers

The shift toward energy-efficient, high-performance, and user-friendly tools has reshaped the power tools industry. Brushless motors, ergonomic designs, and integrated sensors are improving functionality while addressing safety and sustainability goals. The construction sector remains a dominant force, with ongoing infrastructure projects, residential remodeling, and commercial development driving demand.

Meanwhile, the DIY segment has emerged as a strong contributor, fueled by consumer confidence in undertaking home improvement projects with professional-grade results. Online tutorials and e-commerce accessibility have empowered consumers, further boosting sales across both developed and emerging economies.

Segmental Insights

Drills and fastening tools will dominate the market with a 27.3% share in 2025, reflecting their indispensable role in industries from woodwork to equipment maintenance. These tools are increasingly preferred for their versatility, torque precision, and compact design, supporting faster assembly and disassembly across production environments.

Cordless power tools are projected to capture nearly two-thirds of the market share by 2025, marking a significant shift from traditional corded models. Their portability, safety, and reliability-enabled by rapid advances in lithium-ion batteries-make them the preferred choice in construction, automotive, and remote job sites.

On the application front, the industrial segment is expected to account for 58.6% of revenue in 2025. Electric tools are becoming integral to manufacturing, fabrication, and heavy engineering, offering superior performance, reduced downtime, and enhanced worker safety.

Regional Growth Outlook

Asia-Pacific leads the global outlook, with China forecasted to grow at 6.1% CAGR between 2025 and 2035. Rising urbanization, infrastructure development, and government-backed construction projects will fuel demand for energy-efficient and cordless tools. India follows closely with a 5.6% CAGR, supported by rising disposable incomes, expanding e-commerce penetration, and the growing popularity of DIY projects.

Europe will see steady growth, with Germany (5.2%) benefiting from its strong manufacturing sector, while France (4.7%) and the UK (4.3%) show strong demand from home improvement and smart-home projects. In the United States, growth at 3.8% will be fueled by residential construction, DIY adoption, and advanced tool innovations such as AI-enabled diagnostics.

Competitive Landscape

The electric power tools market is highly competitive, with global leaders and emerging manufacturers pushing innovation and market reach.

Techtronic Industries, through its brands Milwaukee and Ryobi, continues to advance cordless solutions for professionals. Atlas Copco AB maintains a strong position in industrial-grade tools, while DeWalt leverages its broad dealer network for global penetration. Emerson Electric Co. focuses on integrating smart technologies, improving efficiency and performance.

Bosch and Makita dominate with their extensive portfolios, particularly in cordless solutions, while Hilti stands out in construction-focused applications. Fein and Festool specialize in precision and woodworking tools, catering to niche but growing markets. Stanley Black & Decker and Snap-on continue to expand their presence across both DIY and industrial categories, while Panasonic emphasizes advanced battery-powered performance.

This dynamic mix of established global giants and new entrants ensures continued technological progress, broader accessibility, and heightened competition across the value chain.

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Future Outlook

The next decade will redefine the electric power tools industry. Manufacturers are investing in smarter, safer, and more durable products to meet the diverse needs of professionals and homeowners alike. From construction sites to workshops and households, the demand for versatile, connected, and energy-efficient tools will continue to rise.

With innovation, urbanization, and industrial automation at the forefront, the electric power tools market is well-positioned to sustain its momentum through 2035 and beyond.

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