Power Tool Battery Market Report 2025 (Global Edition)

Global Power Tool Battery Market Report 2025 Market Size Split by Battery Type (Lithium-Ion (Li-ion), Nickel-Cadmium (NiCd), Nickel-Metal Hydride (NiMH), Lead-Acid Batteries), by Application (Resident...

Power Tool Battery Market Report Description

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Power Tool Battery Market Insights Video

Competitive Landscape of the Power Tool Battery Market

The Power Tool Battery marketplace features a competitive landscape ruled by way of key players such as Bosch, DeWalt, Makita, and Milwaukee. These companies recognize innovation, improving battery performance, and expanding product portfolios. The opposition is similarly intensified via emerging players and technological advancements in battery chemistry. Strategic partnerships, mergers, and acquisitions are common as producers purpose to strengthen their market position. Additionally, the growing call for green and sustainable battery answers is riding agencies to invest in studies and improvement.

In January 2023, In 2023, Hilti North America, a leader in providing cutting-edge tools, software, technology, and services to the commercial construction sector worldwide, announced that it will add over thirty new cordless equipment to its inventory of over seventy current Nuron battery-powered instruments. Source: https://www.hilti.com/content/hilti/W1/US/en/company/news/press-releases/2023-30-new-cordless-tools.html In January 2023, Thirty-two new 18V cordless products that work with the CORE18V platform will be released by Bosch Power products. Among the most recent additions to the brand's 18V tool portfolio are new models to the PROFACTOR high-powered lineup. Source: https://pressroom.boschtools.com/2023-01-12-Bosch-Enters-2023-Committed-to-their-18V-Battery-Platform,-Announcing-32-New-Cordless-Tools-Engineered-to-Tackle-the-Job l

Top Companies Market Share in Power Tool Battery Industry: (In no particular order of Rank)

• Apex Tool Group
• Hilti Corporation
• Atlas Copco AB
• Ingersoll-Rand PLC
• Hitachi Ltd
• Makita Corporation
• Robert Bosch GmbH
• Snap-On Incorporated
• Stanley Black and Decker
• Techtronic Industries
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Power Tool Battery Market

Which Region Dominates the Power Tool Battery Market in 2024?

According to Cognitive Market Research, North America currently dominates the Power Tool Batterys market, and the region is expected to have significant growth during the projected period. The North American power tool battery market is experiencing a tremendous increase, pushed by way of growing call for cordless gear throughout production and DIY sectors. Technological improvements in battery performance and strength performance are similarly fueling this growth, alongside increasing purchaser possibilities for portable and flexible electricity answers.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific Power Tool Battery marketplace is expanding rapidly, fueled by the aid of urbanization, increasing creation activities, and a growing DIY tradition. Rising disposable incomes and demand for modern cordless tools are using this boom, alongside advancements in battery technology that decorate overall performance and performance, making electricity tools greater available.

The current report Scope analyzes Power Tool Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Power Tool Battery

According to Cognitive Market Research, the global Power Tool Battery market size was estimated at USD 3124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1249.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Power Tool Battery market with a market size of USD 986.00 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. The U.S. market's rising construction demand.
• The Canada Power Tool Battery market had a market share of USD 149.96 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Canada’s cordless tool adoption.
• The Mexico Power Tool Battery market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 113.72 million in 2024.

Europe Power Tool Battery

According to Cognitive Market Research, the global Power Tool Battery market size was estimated at USD 3124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 937.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom Power Tool Battery market had a market share of USD 157.46 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. In the UK, Power Tool Battery sales witness an upswing due to the technological innovations.
• The France Power Tool Battery market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 86.23 million in 2024.
• According to Cognitive Market Research, the German Power Tool Battery market size was valued at USD 185.58 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, Power Tool Battery surged due to the diy trends.
• The Italy Power Tool Battery market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 80.60 million in 2024.
• The Russia Power Tool Battery market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 145.28 million in 2024.
• The Spain Power Tool Battery market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 76.86 million in 2024
• The Luxembourg Power Tool Battery market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 29.06 million in 2024.
• The Portugal Power Tool Battery market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 19.68 million in 2024.
• The Greece Power Tool Battery market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Europe's Power Tool Battery market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 145.28 million in 2024.

Asia Pacific Power Tool Battery

According to Cognitive Market Research, the global Power Tool Battery market size was estimated at USD 3124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 718.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Power Tool Battery market size was valued at USD 323.35 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. Power Tool Battery surged in China due to industrial growth.
• The Japan Power Tool Battery market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 99.16 million in 2024.
• The India Power Tool Battery market had a market share of USD 86.23 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. India's sustainability focus.
• The South Korean Power Tool Battery market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 71.86 million in 2024.
• The Australian Power Tool Battery market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 37.37 million in 2024.
• The South East Asia Power Tool Battery market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 49.58 million in 2024.
• The Rest of Asia Pacific Power Tool Battery market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 51.02 million in 2024.

South America Power Tool Battery

According to Cognitive Market Research, the global Power Tool Battery market size was estimated at USD 3124.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 156.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Power Tool Battery market size was valued at USD 66.86 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Power Tool Batterys flourished in Brazil due to e-commerce expansion.
• Argentina's Power Tool Battery market had a market share of USD 26.24 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Argentina's infrastructure projects.
• Colombia Power Tool Battery market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 13.90 million in 2024.
• Peru Power Tool Battery market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 12.81 million in 2024.
• Chile Power Tool Battery market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Latin America's Power Tool Battery market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 25.15 million in 2024.

Middle East Power Tool Battery

According to Cognitive Market Research, the global Power Tool Battery market size was estimated at USD 3124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 62.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..

• The GCC Countries Power Tool Battery market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 26.74 million in 2024. Power Tool Battery sales flourish due to the energy efficiency.
• The Egypt Power Tool Battery market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 6.56 million in 2024.
• The South Africa Power Tool Battery market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 9.87 million in 2024. Power Tool Battery sales flourished in South Africa due to battery advancements.
• The Turkey Power Tool Battery market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 5.37 million in 2024.
• The Nigeria Power Tool Battery market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 6.56 million in 2024.
• The Rest of the MEA Power Tool Battery market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 7.37 million in 2024.

Power Tool Battery Market Analysis

How are Segments Performing in the Global Power Tool Battery Market?

Power Tool Battery Market Battery Type Segment Analysis

According to Cognitive Market Research, Lithium-Ion (Li-ion) are likely to dominate the Power Tool Battery Market over the forecast period. Lithium-ion (Li-ion) batteries are riding a boom within the Power Tool Battery market due to their advanced energy density, lightweight layout, and longer lifespan in comparison to standard batteries. These advantages make Li-ion batteries the favored preference for cordless strength gear, improving performance and comfort for both professionals and DIY fans.

The Nickel-Cadmium (NiCd) is the fastest-growing segment in the Power Tool Battery Market. Nickel-cadmium (NiCd) batteries are witnessing an increase in the Power Tool Battery market because of their durability and capacity to perform nicely in intense temperatures. While dealing with competition from lithium-ion batteries, NiCd's decrease price and reliable overall performance in heavy-responsibility programs preserve to draw customers, in particular in industrial settings.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Power Tool Battery Industry. Request a Free Sample PDF!

Power Tool Battery Market Application Segment Analysis

According to Cognitive Market Research, the Residential segment holds the largest share of the market. The residential sector is using growth in the Power Tool Battery market as homeowners increasingly engage in DIY initiatives and home renovations. The demand for cordless gear powered through advanced batteries is rising, permitting extra comfort and flexibility for users. This trend reflects a broader shift in the direction of home development sports.

In the Power Tool Battery Market, the Industrial has been expanding at a rapid pace. The industrial zone is drastically contributing to the growth of the Power Tool Battery market, pushed by means of the demand for efficient, high-overall performance cordless tools. Industries are increasingly adopting advanced battery technology for reliability and durability, allowing greater productivity and decreased downtime in manufacturing, production, and protection programs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Power Tool Battery Tool Type Segment Analysis

Power Tool Battery Market Tool Type Segment Analysis

According to Cognitive Market Research, Drills segment holds the largest market share. The drills section is experiencing an excellent increase within the power tool battery marketplace, fueled by way of growing demand for cordless drill alternatives in each residential and commercial package. Technological improvements in battery performance, which include longer runtimes and quicker charging, decorate consumer experience, driving adoption amongst specialists and DIY lovers alike.

In the Power Tool Battery market, the rapidly growing sector is Saws. The saws phase is unexpectedly growing inside the power tool battery marketplace, driven by way of the growing reputation of cordless saws for production and woodworking initiatives. Advances in battery technology provide improved strength and efficiency, enabling customers to address demanding responsibilities with greater mobility, making them increasingly favored for professional and DIY use.

• Drills
• Saws
• Sanders
• Grinders
• Others

Power Tool Battery Distribution Channel Segment Analysis

Power Tool Battery Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Offline Retail segment dominates the market. The offline section of the Power Tool Battery marketplace is expanding as traditional retail stores keep to play a vital position in patron shopping. Customers have the possibility to physically look at products, seek professional recommendations, and get admission to in-store promotions, driving calls for energy tool batteries and gear in brick-and-mortar locations.

Online Retail is projected to be the fastest-growing segment in the Power Tool Battery market. The on line section of the power device battery market is rapidly developing, fueled by means of the benefit of e-commerce and elevated client desire for digital shopping. Online systems offer a wider variety of merchandise, aggressive pricing, and customer opinions, making it simpler for purchasers to buy power tool batteries and add-ons.

• Online Retail
• Offline Retail

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion