24/7 Helpline: +1 626 539 9760
  • Home/
  • Press Releases/
  • Rising Demand of Cordless Power Tools Stimulates Global Lithium Battery Power Tools Market

The batteries of Power Tools mainly include nickel-cadmium, nickel-hydrogen batteries and lithium-ion batteries, among which lithium-ion batteries occupy an absolute dominant position, and the penetration rate continues to increase. Due to the high rate discharge and high energy density requirements of power tools, they are basically monopolized by the ternary battery system at present.


There has been a shift from corded to cordless power tools. While corded tools still possess considerable sales, the shift to cordless is substantial. Cordless power tools include batches of battery-powered tools like saws, hammer drills, impact drivers, impact wrenches and many others. These tools are ideal for welding, sanding, cutting, metalworking and other applications.  Overall, adoption of cordless power tools, rising demand for fastening tools in industrial environments, and growing construction industry in emerging economies are the key factors driving the growth of the power tools market. Global Lithium Battery Power Tools market is expected to reach 21.56 billion USD by 2029 from 12.36 billion USD in 2022, growing at a CAGR of 8.06% between 2023 and 2029.


At present, the major players of Lithium Battery Power Tools in the world include: TTI, Stanley Black & Decker, Robert Bosch, Makita, HiKOKI, Hilti, Snap-on Incorporated, Dongcheng, Festool, CHERVON, C. & E. Fein, Zhejiang Boda Industrial and Emerson, among which TTI is the world’s largest Lithium Battery Power Tools manufacturer, its market share is about 21.17% in 2022. There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.


Read More Information:


About Us:

QYResearch provides Market Research Reports for clients all over the world. As of now, QYResearch data as following:

62000 + Clients(cover 100% the world strong 500 companies and most industries’ leading players such as TOP5 players)

7800 + Experts(most of them with more than 15 years’ experience in their industry and professional knowledge both in market and technology)

300 + Data Base(40% government related data base, 30% third part data base, 10% international agencies data base, 30% technology and market data base)

2 Million + Reports(cover almost all industries and most detailed products such as product model level research reports, where you can find all what you need in one shop)

1000 + Custom Research Projects(most clients need custom research service and QYResearch keeps offering good and depth service for them)

30 + Roles Data Interview Checking System(only QYResearch uses such interview system with more than 30 roles in order to confirm the data reliability)

13 + Years focus market research and continues to support the client success.


Media Contact:

Rahul Singh - Digital Marketing Director

Contact: +91 7028 920 828



Sales Contact US:

USA Registered Office: QY Research, INC. 

17890 Castleton, Suite 369,

City of industry, CA - 91748

Emails –

Web –

©2007-2026 QY Research All Rights Reserved.