Battery Powered Tools Market Overview and Insights:
According to MarkNtel Advisors 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% during the forecast period, i.e., 2025-30.
Battery Powered Tools Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-2030
What are the major challenges facing the Battery Powered Tools Market?
Higher Maintenance Costs Compared to Traditional Tools – Power tools have higher utility and portability and are thus preferred in all areas, but there is a high maintenance cost associated with them. These are powered by batteries and require timely and proper maintenance, adding extra cost to the end users. Also, the maintenance cost cannot be escaped, due to the inefficiency & harmfulness of poorly maintained tools. Thus frequent maintenance is required for these tools, and the inability for the same hinders the life span of the tools. In comparison to these, the maintenance of traditional power tools is minimal. Along with this, the life span of normal electric-powered tools is more. Thus, this higher cost of maintenance negatively affects the users and restrains their preference for the same.
Who are the Key Players Operating in the Battery Powered Tools Industry?
The top companies of the Battery Powered Tools market 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
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What is Included in Battery Powered Tools Market Segmentation?
The report has segmented the market into the following categories:
By Tools
- Drills & Fastening Tools - Market Size & Forecast 2020-2030, USD Million
- Drills- Market Size & Forecast 2020-2030, USD Million
- Wrenches- Market Size & Forecast 2020-2030, USD Million
- Screwdrivers- Market Size & Forecast 2020-2030, USD Million
- Sawing & Cutting Tools- Market Size & Forecast 2020-2030, USD Million
- Band Saw- Market Size & Forecast 2020-2030, USD Million
- Reciprocating Saw- Market Size & Forecast 2020-2030, USD Million
- Circular Saw- Market Size & Forecast 2020-2030, USD Million
- Demolition Tools- Market Size & Forecast 2020-2030, USD Million
- Rotary Hammers- Market Size & Forecast 2020-2030, USD Million
- Hammer Drills- Market Size & Forecast 2020-2030, USD Million
- Material Removal Tools- Market Size & Forecast 2020-2030, USD Million
- Sanders- Market Size & Forecast 2020-2030, USD Million
- Grinders- Market Size & Forecast 2020-2030, USD Million
- Routing Tools- Market Size & Forecast 2020-2030, USD Million
- Garden Tools- Market Size & Forecast 2020-2030, USD Million
- Trimmer & Blowers- Market Size & Forecast 2020-2030, USD Million
- Lawn Mowers- Market Size & Forecast 2020-2030, USD Million
- Ride on Lawn Mowers- Market Size & Forecast 2020-2030, USD Million
- Vacuum Cleaners- Market Size & Forecast 2020-2030, USD Million
- Handheld Vacuums- Market Size & Forecast 2020-2030, USD Million
- Stick Vacuums- Market Size & Forecast 2020-2030, USD Million
- Others (Dust Extractor, laser Tools, etc.)- Market Size & Forecast 2020-2030, USD Million
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- Market Size & Forecast 2020-2030, USD Million
- Brushless Motor- Market Size & Forecast 2020-2030, USD Million
By Battery Type
- Lithium-Ion- Market Size & Forecast 2020-2030, USD Million
- Nickel-Cadmium- Market Size & Forecast 2020-2030, USD Million
- Others -Market Size & Forecast 2020-2030, USD Million
By End Users
- Industrial & Commercial- Market Size & Forecast 2020-2030, USD Million
- Construction Industry- Market Size & Forecast 2020-2030, USD Million
- Woodworking & Carpentry- Market Size & Forecast 2020-2030, USD Million
- Automotive Industry- Market Size & Forecast 2020-2030, USD Million
- Electronics & Appliance Repair- Market Size & Forecast 2020-2030, USD Million
- Others -Market Size & Forecast 2020-2030, USD Million
- Residential- Market Size & Forecast 2020-2030, USD Million
By Battery Volt
- Up to 12V - Market Size & Forecast 2020-2030, USD Million
- 13V - 20V- Market Size & Forecast 2020-2030, USD Million
- 21V - 36V- Market Size & Forecast 2020-2030, USD Million
- 37V - 60V- Market Size & Forecast 2020-2030, USD Million
- > 60V - Market Size & Forecast 2020-2030, USD Million
By Distribution Channel
- Offline- Market Size & Forecast 2020-2030, USD Million
- Online- Market Size & Forecast 2020-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the Battery Powered Tools industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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