Battery Powered Tools Market is driven by increasing demand for cordless power tools
The battery powered tools market has seen significant growth in recent years. Battery powered tools offer several advantages over traditional corded tools such as greater mobility and convenience as users are not tethered to an AC power source. They have advanced significantly in power and run-time to match or exceed corded tools for many applications. Areas such as construction, industrial maintenance, and DIY users have seen greater adoption of battery tools.
The battery power tools market is estimated to be valued at USD 27.3 Bn in 2024 and is expected to reach USD 50.6 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Growing demand: The Battery Power Tools Market is witnessing major growth in demand driven by an increasing adoption across industries such as construction, automotive repair, industrial production and manufacturing. Easy of use and convenience of cordless operation is driving battery tools to replace corded tools for many applications.
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