Battery Power Tools Market Size

Battery Power Tools Market size was valued at USD 27.09 billion in 2024 and is set to exceed USD 63.71 billion by 2037, registering over 6.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of battery power tools is evaluated at USD 28.56 billion.

The reason behind the growth is the rising demand for effective and suitable tools across different industries. In line with the U.S. Energy Information Administration (EIA) published in 2022, industrial energy consumption in non-OECD nations increases by 1.5% year on average between 2012 and 2040, whereas it increases by 0.5% annually in OECD nations. 73% of the energy provided by the global industrial sector in 2040 will come from non-OECD industrial consumption, accounting for 67% of the industry's energy delivery in 2012.