$68 Billion Power Tools Market by 2031: Lithium-Ion, Brushless Motors & Connected Tools Shape Investment Priorities

The global power tools market size was valued at USD 46.84 billion in 2025 and is expected to reach USD 67.80 billion by 2031, growing at a CAGR of 6.36% during the forecast period. The market is a vital segment of the broader industrial equipment and construction tools industry, with demand spanning construction, infrastructure, manufacturing, and other industrial applications. Within the market, cordless power tools, lithium-ion battery platforms, brushless motors, connected tools, and digital fleet management are becoming important areas of investment as manufacturers focus on tool performance, battery capability, equipment management, and digital connectivity.

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Battery Platforms Are Widening the Cordless Opportunity
The 18V, 20V, 36V, and 40V lithium-ion battery platforms are expanding the range of applications that cordless power tools can address, with improvements in battery capacity, power density, thermal management, and fast charging technology. Manufacturers are also building broader tool ecosystems around common battery platforms. Bosch Professional's AMPShare battery alliance supports more than 400 professional tools across multiple brands through a common 18V platform, while DEWALT POWERSTACK and Milwaukee REDLITHIUM FORGE focus on higher output, longer runtime, improved power density, and faster charging. Battery compatibility is therefore becoming an important consideration across professional drills, impact drivers, grinders, saws, rotary hammers, and other equipment.

Brushless Motors Are Raising Cordless Tool Performance
Brushless motor technology is gaining adoption across professional power tools because it delivers higher efficiency, greater torque, lower heat generation, reduced maintenance, and longer operating life compared with conventional brushed motors. These characteristics are particularly relevant to professional equipment used under demanding conditions. Milwaukee's M18 FUEL and Makita's LXT Brushless portfolios reflect the adoption of brushless motors across professional drills, impact tools, grinders, saws, and other equipment. The adoption of brushless motors is therefore increasing the performance range of professional power tools, particularly across applications where efficiency, torque, durability, and lower maintenance are important.

Connected Tools Are Expanding Digital Management Capabilities
The integration of IoT sensors, Bluetooth connectivity, cloud platforms, and mobile applications is adding new digital capabilities to professional power tools, including real-time monitoring, tool tracking, diagnostics, inventory management, and performance analysis. Digital asset and fleet management systems are also being used to monitor equipment usage, schedule preventive maintenance, and manage tools across multiple project sites. At the same time, connected power tools are increasingly being linked with digital project management software, BIM, and connected construction workflows, while operational data such as battery health, motor performance, operating hours, and service intervals can support predictive maintenance and equipment management. The continued digitalization of construction sites is expected to support wider adoption of IoT-enabled power tools and connected fleet management.

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Cordless and Connected Tools Set the Direction Through 2031
Continued improvements in battery performance, motor efficiency, and cordless technology are expected to accelerate the replacement of conventional corded equipment, making cordless and brushless power tools among the faster-growing areas of the global power tools market during the forecast period. Higher battery capacity, power density, thermal management, and fast-charging capabilities will support wider use across demanding construction applications.
At the same time, the increasing adoption of IoT-enabled power tools, digital asset management, and connected construction workflows is expected to expand the use of equipment data across jobsites. Tool operating hours, battery health, motor performance, usage patterns, and service intervals can support predictive maintenance and equipment management, while connected platforms can improve visibility across larger tool fleets.
The combination of higher-performing cordless equipment and connected fleet management is therefore expected to influence product development, equipment purchasing, and technology adoption across the power tools market through 2031.

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