The global battery power tools market was valued at $20,772.3 million in 2020, and is projected to reach $37,401.9 million by 2028, growing at a CAGR of 7.5% from 2021 to 2028. Battery power tools are mechanical devices, which operate on a battery. These tools include handheld machine drills, saws, nailers, grinders, impact wrench, and others, which are used for varied applications such as production, packaging, assembly, and maintenance operations, including drilling, screw driving, chiseling, and sanding.
The growth of the global power tools market is driven by rapid industrialization in developed & developing countries, rise in urbanization, and surge in adoption of battery power tools in the automotive industry. Moreover, the demand for power tools increased in do-it-yourself (DIY) techniques among household consumers. Thus, the increased adoption of DIY techniques has in turn fueled the market growth, due to rise in demand for battery-driven cordless tools, changes in lifestyle, and surge in per capita income. However, decline in growth of the construction industry hinders the market growth. On the contrary, advancements in rechargeable batteries is anticipated to offer lucrative growth opportunities for the global market.
Key market players have developed a diverse range of power tools due to increase in their demand in construction and manufacturing industries. Product launch is a prominent strategy adopted by key market players. For instance, in May 2019, Makita Corporation launched 18V X2 LXT brushless 12" dual-bevel sliding compound miter saw with laser and 12" dual-bevel sliding compound miter saw with laser. These devices offer unmatched cutting capacity, space saving design, and innovative technology. These devices are designed for the industrial applications to facilitate automatic cutting operation.
The global battery power tools market is segmented into motor type, tool, application, and region. Depending on motor type, the market is divided into brushed motor and brushless motor. By tool, it is classified into drills, saws, lawn mower, impact wrench, and others. The others segment includes hammers, grinders, nibbler, polishers, planers, staplers, nailers, and others. The applications covered in the study are industrial and DIY. The global battery power tools market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition analysis
The major players profiled in the battery power tools market include Apex Tool Group, Atlas Copco AB, Hilti Corporation, Ingersoll-Rand PLC, Hitachi Ltd., Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black and Decker, and Techtronic Industries. These major companies in the market have adopted strategies such as business expansion, collaboration, acquisition, and product launch, to offer better products and services to customers in the battery power tools market.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging battery power tools market trends and dynamics.
- In-depth battery power tools market analysis is conducted by estimations for the key segments between 2020 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The market forecast analysis from 2020 to 2027 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

KEY MARKET SEGMENTS
By Motor Type
o Brushed Motor
o Brushless Motor

By Tools
o Drills
o Saws
o Lawn Mower
o Impact Wrench
o Others

By Application
o Industrial
o DIY

By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? UK
? France
? Russia
? Rest of Europe
o Asia-Pacific
? China
? India
? Japan
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
Key Players
? Apex Tool Group
? Atlas Copco AB
? Hilti Corporation
? Ingersoll-Rand PLC
? Hitachi Ltd.
? Makita Corporation
? Robert Bosch GmbH
? Snap-On Incorporated
? Stanley Black and Decker
? Techtronic Industries