Power Tool Batteries Market Size, Share, Competitive Landscape and Forecast Trend Analysis – By Battery Type (Lithium-Ion (Li-Ion) Batteries, Nickel-Cadmium (Ni-Cd) Batteries, Nickel-Metal Hydride (Ni-MH) Batteries, Lead-Acid Batteries and Others), By Voltage Capacity (Below 12V, 12V – 18V, 19V – 36V and Above 36V), By Tool Type (Drills, Saws, Grinders, Sanders, Impact Wrenches, Screwdrivers, Hammers & Demolition Tools and Others), By Sales Channel (Online and Offline) By Application (Industrial, Commercial and Residential), By End-user (Construction, Automotive, Aerospace, Industrial Manufacturing, Electronics and Others) & Region – Global Forecasts 2025 - 2035.
- PUBLISHED ON
- 2025-02-11
- NO OF PAGES
- 327
- CATEGORY
- Energy & Power
Market Overview
The Power Tool Batteries market growth is predicted to develop at a compound annual growth rate (CAGR) of 9.5% from 2025 to 2035, when global Power Tool Batteries market forecast revenue is projected to reach USD 9.72 Billion in 2035, based on an average growth pattern. The global Power Tool Batteries Market Size is estimated to reach a value of USD 3.63 Billion in 2025.
SOURCE: We Market Research
The Global Power
Tool Batteries Market industry analysis refers to the industry that encompasses
the production, distribution, and sale of rechargeable batteries specifically
designed for power tools. These batteries provide portable energy solutions for
various power tools used in construction, manufacturing, automotive, and home
improvement applications. The market is driven by the increasing demand for
cordless power tools, advancements in battery technology (such as fast charging
and higher energy density), and the growing adoption of lithium-ion batteries
due to their lightweight, longer lifespan, and environmental benefits.
Global Power Tool Batteries Market Scope
|
Report Attributes |
Description |
|
Market Size in 2025 |
USD 3.63 Billion |
|
Market
Forecast in 2035 |
USD 9.72 Billion |
|
CAGR % 2025-2035 |
9.5% |
|
Base
Year |
2024 |
|
Historic Data |
2021-2024 |
|
Forecast
Period |
2025-2035 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Battery Type,
By Voltage Capacity, By Tool Type, By Sales Channel, By Application, By End-user
and By Region |
|
Regional Scope |
North America,
Europe, APAC, Latin America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Power
Tool Batteries Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Power Tool Batteries market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Power Tool Batteries Market Segmentation
The Global Power
Tool Batteries Market industry analysis is segmented into by Battery Type, by Voltage
Capacity, by Tool Type, by Application, by Sales Channel, by End-user and by
Region. By Battery Type the market is segmented into Lithium-Ion (Li-Ion)
Batteries, Nickel-Cadmium (Ni-Cd) Batteries, Nickel-Metal Hydride (Ni-MH)
Batteries, Lead-Acid Batteries and Others. Based on Voltage Capacity, Power
Tool Batteries Market is bifurcated into Below 12V, 12V – 18V, 19V – 36V and
Above 36V. On the basis of Application, Power Tool Batteries Market is
bifurcated into Industrial, Commercial and Residential. In terms of Tool Type, Power
Tool Batteries Market is separated into Drills, Saws, Grinders, Sanders, Impact
Wrenches, Screwdrivers, Hammers & Demolition Tools and Others. Based on Sales
Channel, Power Tool Batteries Market is separated into offline and online.
Based on End-user, Global Power Tool Batteries Market is segmented into
Construction, Automotive, Aerospace, Industrial Manufacturing, Electronics and
Others.
Market- By Battery Type Analysis
By Battery Type, the Power Tool Batteries market revenue is categories into Lithium-Ion (Li-Ion) Batteries, Nickel-Cadmium (Ni-Cd) Batteries, Nickel-Metal Hydride (Ni-MH) Batteries, Lead-Acid Batteries and Others. Li-Ion batteries segments hold the largest segment in the global Power Tool Batteries market share, accounting for approximately 55%. This dominance is attributed to their advantages such as higher energy density, lighter weight, and longer lifespan compared to other battery types. The increasing adoption of cordless power tools has further propelled the demand for Li-Ion batteries.
The following segments are part of an in-depth
analysis of the global Power Tool Batteries market:
|
Market Segments |
|
|
By Battery
Type |
·
Lithium-Ion (Li-Ion) Batteries ·
Nickel-Cadmium (Ni-Cd) Batteries ·
Nickel-Metal Hydride (Ni-MH) Batteries ·
Lead-Acid Batteries ·
Others |
|
By Voltage
Capacity |
·
Below 12V ·
12V – 18V ·
19V – 36V ·
Above 36V |
|
By Application |
·
Industrial ·
Commercial ·
Residential |
|
By Tool
Type |
·
Drills ·
Saws ·
Grinders ·
Sanders ·
Impact Wrenches ·
Screwdrivers ·
Hammers & Demolition Tools ·
Others |
|
By Sales
Channel |
·
Online ·
Offline |
|
By
End-User |
·
Construction ·
Automotive ·
Aerospace ·
Industrial Manufacturing ·
Electronics ·
Others |
Power Tool Batteries Industry: Regional Analysis
North America Market Forecast
North America holds a significant portion of the global power tool batteries market. The dominance of North America is attributed to a robust construction industry, widespread adoption of advanced power tools, and substantial investments in infrastructure development.
Europe Market Statistics
Europe is
another key player in the power tool batteries market. Factors contributing to
Europe's market share include the presence of established manufacturing
industries, a focus on sustainable and energy-efficient tools, and ongoing
technological advancements.
Asia Pacific Market Forecasts
The Asia-Pacific
region is experiencing rapid growth in the power tool batteries market. This
growth is driven by rapid industrialization, urbanization, and increasing
infrastructure projects in countries like China and India. The rising demand
for cordless power tools in both residential and commercial sectors also
contributes to this surge.
Key Market Players
Major companies dominating in the global Power Tool Batteries market report include Robert Bosch GmbH, Milwaukee Electric Tool Corporation, Makita Corporation, LG Chem Ltd., Samsung SDI Co. Ltd., A123 Systems LLC, which have a significant market share. Companies are focusing on research and development to enhance battery performance, increase energy efficiency, and reduce costs. Collaborations, mergers, and acquisitions are common strategies to strengthen market positions and expand product portfolios. For instance, Bosch has introduced the ProCore 18V+ 8Ah battery, featuring improved cells that deliver sustained high power output, catering to the growing demand for efficient power tool batteries.
The Global Power Tool Batteries Market is dominated by a few
large companies, such as
·
Robert Bosch GmbH
·
Makita Corporation
·
Stanley Black & Decker Inc.
·
Techtronic Industries Co. Ltd.
·
Hilti Corporation
·
Ingersoll Rand Inc.
·
LG Chem Ltd.
·
Samsung SDI
·
BYD Company Limited
·
E One Moli Energy Corp.
·
Panasonic Corporation
·
Hitachi Ltd.
·
Festool GmbH
·
Einhell Germany AG
·
Snap-on Incorporated
·
Others
1.
Global
Power Tool Batteries Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Power Tool Batteries
Market Scope and Market Estimation
1.2.1. Global Power Tool Batteries Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2025 - 2035)
1.2.2. Global Power Tool Batteries
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2021 - 2035
1.3. Market Segmentation
1.3.1. Battery Type of Global Power
Tool Batteries Market
1.3.2. Voltage Capacity of Global Power
Tool Batteries Market
1.3.3. Tool Type of Global Power Tool
Batteries Market
1.3.4. Sales Channel of Global Power
Tool Batteries Market
1.3.5. Application of Global Power Tool
Batteries Market
1.3.6. End-use Industry of Global Power
Tool Batteries Market
1.3.7. Region of Global Power Tool
Batteries Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2021 – 2024 and Forecast, 2025 – 2035
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Power Tool Batteries
Market Estimates & Historical Trend
Analysis (2021 - 2024)
4.
Global Power Tool Batteries
Market Estimates & Forecast Trend
Analysis, by Battery Type
4.1. Global Power Tool Batteries
Market Revenue (US$ Bn) Estimates and Forecasts, by Battery Type, 2021 - 2035
4.1.1. Lithium-Ion (Li-Ion) Batteries
4.1.2. Nickel-Cadmium (Ni-Cd) Batteries
4.1.3. Nickel-Metal Hydride (Ni-MH)
Batteries
4.1.4. Lead-Acid Batteries
4.1.5. Others
5.
Global Power Tool Batteries
Market Estimates & Forecast Trend
Analysis, by Voltage Capacity
5.1. Global Power Tool Batteries
Market Revenue (US$ Bn) Estimates and Forecasts, by Voltage Capacity, 2021 -
2035
5.1.1. Below 12V
5.1.2. 12V – 18V
5.1.3. 19V – 36V
5.1.4. Above 36V
6.
Global Power Tool Batteries
Market Estimates & Forecast Trend
Analysis, by Tool Type
6.1. Global Power Tool Batteries
Market Revenue (US$ Bn) Estimates and Forecasts, by Tool Type, 2021 - 2035
6.1.1. Drills
6.1.2. Saws
6.1.3. Grinders
6.1.4. Sanders
6.1.5. Impact Wrenches
6.1.6. Screwdrivers
6.1.7. Hammers & Demolition Tools
6.1.8. Others
7.
Global Power Tool Batteries
Market Estimates & Forecast Trend
Analysis, by Sales Channel
7.1. Global Power Tool Batteries
Market Revenue (US$ Bn) Estimates and Forecasts, by Sales Channel, 2021 - 2035
7.1.1. Online
7.1.2. Offline
8.
Global Power Tool Batteries
Market Estimates & Forecast Trend
Analysis, by Application
8.1. Global Power Tool Batteries
Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2021 - 2035
8.1.1.Industrial
8.1.2.Commercial
8.1.3.Residential
9.
Global Power Tool Batteries
Market Estimates & Forecast Trend
Analysis, by End-User
9.1. Global Power Tool Batteries
Market Revenue (US$ Bn) Estimates and Forecasts, End-User, 2021 - 2035
9.1.1.Construction
9.1.2.Automotive
9.1.3.Aerospace
9.1.4.Industrial
Manufacturing
9.1.5.Electronics
9.1.6.Others
10. Global
Power Tool Batteries Market Estimates &
Forecast Trend Analysis, by Region
10.1.
Global
Power Tool Batteries Market Revenue (US$ Bn) Estimates and Forecasts, by Region,
2021 - 2035
10.1.1. North America
10.1.2. Eastern Europe
10.1.3. Western Europe
10.1.4. Asia Pacific
10.1.5. Middle East & Africa
10.1.6. Latin America
11. North America Power
Tool Batteries Market: Estimates &
Forecast Trend Analysis
11.1.
North
America Power Tool Batteries Market Assessments & Key Findings
11.1.1. North America Power Tool
Batteries Market Introduction
11.1.2. North America Power Tool Batteries
Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
11.1.2.1. By Battery Type
11.1.2.2. By Voltage Capacity
11.1.2.3. By Tool Type
11.1.2.4. By Sales Channel
11.1.2.5. By Application
11.1.2.6. By End-User
11.1.2.7. By Country
11.1.2.7.1. The U.S.
11.1.2.7.2. Canada
11.1.2.7.3. Mexico
12. Western Europe Power
Tool Batteries Market: Estimates &
Forecast Trend Analysis
12.1. Western Europe Power Tool
Batteries Market Assessments & Key Findings
12.1.1. Western Europe Power Tool
Batteries Market Introduction
12.1.2. Western Europe Power Tool
Batteries Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
12.1.2.1. By Battery Type
12.1.2.2. By Voltage Capacity
12.1.2.3. By Tool Type
12.1.2.4. By Sales Channel
12.1.2.5. By Application
12.1.2.6. By End-User
12.1.2.7. By Country
12.1.2.7.1.
Germany
12.1.2.7.2.
Italy
12.1.2.7.3.
U.K.
12.1.2.7.4.
France
12.1.2.7.5.
Spain
12.1.2.7.6.
Benelux
12.1.2.7.7.
Nordics
12.1.2.7.8. Rest
of W. Europe
13. Eastern Europe Power
Tool Batteries Market: Estimates &
Forecast Trend Analysis
13.1. Eastern Europe Power Tool
Batteries Market Assessments & Key Findings
13.1.1. Eastern Europe Power Tool
Batteries Market Introduction
13.1.2. Eastern Europe Power Tool
Batteries Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
13.1.2.1. By Battery Type
13.1.2.2. By Voltage Capacity
13.1.2.3. By Tool Type
13.1.2.4. By Sales Channel
13.1.2.5. By Application
13.1.2.6. By End-User
13.1.2.7. By Country
13.1.2.7.1.
Russia
13.1.2.7.2.
Hungary
13.1.2.7.3.
Poland
13.1.2.7.4.
Balkan & Baltics
13.1.2.7.5. Rest of E. Europe
14. Asia Pacific Power
Tool Batteries Market: Estimates & Forecast
Trend Analysis
14.1. Asia Pacific Market Assessments
& Key Findings
14.1.1. Asia Pacific Power Tool
Batteries Market Introduction
14.1.2. Asia Pacific Power Tool
Batteries Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
14.1.2.1. By Battery Type
14.1.2.2. By Voltage Capacity
14.1.2.3. By Tool Type
14.1.2.4. By Sales Channel
14.1.2.5. By Application
14.1.2.6. By End-User
14.1.2.7. By Country
14.1.2.7.1. China
14.1.2.7.2. Japan
14.1.2.7.3. India
14.1.2.7.4. Australia & New Zealand
14.1.2.7.5. South Korea
14.1.2.7.6. ASEAN
14.1.2.7.7. Rest of Asia Pacific
15. Middle East & Africa Power
Tool Batteries Market: Estimates &
Forecast Trend Analysis
15.1. Middle East & Africa Market
Assessments & Key Findings
15.1.1. Middle
East & Africa Power
Tool Batteries Market Introduction
15.1.2. Middle
East & Africa Power
Tool Batteries Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
15.1.2.1. By Battery Type
15.1.2.2. By Voltage Capacity
15.1.2.3. By Tool Type
15.1.2.4. By Sales Channel
15.1.2.5. By Application
15.1.2.6. By End-User
15.1.2.7. By Country
15.1.2.7.1. UAE
15.1.2.7.2. Saudi
Arabia
15.1.2.7.3. Turkey
15.1.2.7.4. South
Africa
15.1.2.7.5. Rest of
MEA
16. Latin America
Power Tool Batteries Market: Estimates
& Forecast Trend Analysis
16.1. Latin America Market Assessments
& Key Findings
16.1.1. Latin America Power Tool
Batteries Market Introduction
16.1.2. Latin America Power Tool
Batteries Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
16.1.2.1. By Battery Type
16.1.2.2. By Voltage Capacity
16.1.2.3. By Tool Type
16.1.2.4. By Sales Channel
16.1.2.5. By Application
16.1.2.6. By End-User
16.1.2.7. By Country
16.1.2.7.1. Brazil
16.1.2.7.2. Argentina
16.1.2.7.3. Colombia
16.1.2.7.4. Rest of
LATAM
17. Country Wise Market:
Introduction
18. Competition Landscape
18.1. Global Power Tool Batteries
Market Product Mapping
18.2. Global Power Tool Batteries Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
18.3. Global Power Tool Batteries
Market Tier Structure Analysis
18.4. Global Power Tool Batteries
Market Concentration & Company Market Shares (%) Analysis, 2023
19. Company Profiles
19.1. Robert Bosch GmbH
19.1.1. Company Overview & Key Stats
19.1.2. Financial Performance & KPIs
19.1.3. Product Portfolio
19.1.4. SWOT Analysis
19.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
19.2. Makita Corporation
19.3. Stanley Black &
Decker Inc.
19.4. Techtronic
Industries Co. Ltd.
19.5. Hilti Corporation
19.6. Ingersoll Rand Inc.
19.7. LG Chem Ltd.
19.8. Samsung SDI
19.9. BYD Company Limited
19.10. E One Moli Energy
Corp.
19.11. Panasonic
Corporation
19.12. Hitachi Ltd.
19.13. Festool GmbH
19.14. Einhell Germany AG
19.15. Snap-on
Incorporated
19.16. Others
20. Research
Methodology
20.1. External Transportations /
Databases
20.2. Internal Proprietary Database
20.3. Primary Research
20.4. Secondary Research
20.5. Assumptions
20.6. Limitations
20.7. Report FAQs
21. Research
Findings & Conclusion
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Power Tool Batteries Market in 2025?
Power Tool Batteries Market was valued at USD 3.63 Billion in 2025.
What is the growth rate for the Power Tool Batteries Market?
Power Tool Batteries Market size will increase at approximate CAGR of 3.2% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Robert Bosch GmbH, Milwaukee Electric Tool Corporation, Makita Corporation, LG Chem Ltd., Samsung SDI Co. Ltd., A123 Systems LLC and others.
Which region dominates the Power Tool Batteries Market?
North America dominates the market with an active share of 45%.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI