Battery Power Tools Market Analysis

Motor Type (Brushed Motor, Brushless Motor)

Brushed Motor segment is predicted to account for battery power tools market share of around 70% by 2037. The expansion of the automotive industry and rising consumer demand for brushed motors globally will help this segment to have a massive revenue share by the end of 2037.

According to the ACEA - European Automobile Manufacturers’ Association published in June 2023, with 14.7 billion tons of products delivered annually and 74.4% of freight moved over land, trucks, and vans provide the commodities and services that are taken for granted on a daily basis. These vans and trucks use brushed motors to work properly.

Electromechanical equipment that relies on motor brushes for operation includes electric motor brushes, generators, alternators, and power tools. They are necessary for the electrical current flow between the rotating and stationary components of these devices.

Tools (Drills, Saws, Lawn Mower, Impact Wrench)

In battery power tools market, drills segment is anticipated to account for revenue share of more than 40% by the end of 2037. This expansion will be noticed due to the implementation of cordless drills because of their convenience and portability by people across the world.

Global projections by Research Nester indicate that the number of cordless drill tools sold in the home and commercial markets worldwide will exceed 600 million yearly by 2027, more than twice as much as was the case in 2015.

Technology (Lithium-Ion, Nickel Cadmium)

By 2037, lithium-ion segment is expected to dominate battery power tools market share of over 65%. The increasing advancement in lithium-ion technology will propel the expansion of the battery power tools industry globally.

In line with IEA (2023), the demand for automotive lithium-ion (Li-ion) batteries grew by almost 65% to 550 GWh in 2022 from around 330 GWh in 2021, mostly due to a rise in the sales of electric passenger cars, with new registrations rising by 55% in 2022 compared to 2021.

Our in-depth analysis of the global battery power tools market includes the following segments: