The cordless power tools market has been on the rise, driven by advances in battery technology and increasing demand for efficient, portable tools. In 2024, we are witnessing substantial growth, with cordless solutions gaining more traction in various industries, from home improvement to professional sectors.

cordless power tools are taking a bigger slice of the global tool market. Their growth is fueled by lithium-ion battery advances, offering longer run times and faster charging times. This shift is especially noticeable in industries relying on mobility and convenience, making these tools a top choice for professionals and DIY enthusiasts alike.

But what’s driving this shift, and why should you care? Let's dive deeper into these trends and answer some key questions.

Are Lithium Battery Powered Tools Worth the Investment?

Lithium battery-powered tools¹ have become a staple in the industry, but are they worth the investment? In this section, we’ll explore the pros and cons² and help you make an informed decision.

Lithium-ion powered tools offer long battery life, lightweight design, and fast charging, making them worth the investment for professionals who need efficiency and portability. The upfront cost can be higher, but the long-term benefits often outweigh it.

Lithium-ion battery-powered tools³ are revolutionizing the market by offering a level of performance and convenience that other battery types just can't match. While traditional cordless tools still use nickel-cadmium (NiCad)⁴ batteries, lithium-ion tools are lighter, charge faster, and offer more consistent power throughout their lifespan. But the real question is: Are they worth the higher price tag?

Here’s the thing: if you're a professional, or even a dedicated DIYer, the answer is a resounding yes. Why? Let’s break it down:

Longer Battery Life

Lithium-ion batteries last longer per charge than other types, meaning you can get through an entire project without stopping to recharge. This is a big plus in industries where downtime is costly.

Lightweight and Portability

Unlike their heavier counterparts, lithium-ion tools are easier on the arms, especially when you're using them for hours. This makes them more comfortable for long-term use, reducing fatigue and increasing productivity.

Faster Charging Times

One of the standout features of lithium-ion tools is the quick charge time. Unlike NiCad batteries that take hours to charge, lithium-ion batteries can be fully charged in a fraction of the time, keeping you moving faster.

Tip: While lithium-ion tools may have a higher upfront cost, their efficiency and reliability will save you money in the long run—reducing the need for constant replacements and increasing productivity on the job site.

What is the market share of Makita?

Makita has long been a key player in the cordless power tools market. But how does it stack up in 2024? Let's take a look at their market share and the factors behind their position.

Makita continues to hold a strong position in the market in 2024, with a substantial share due to its reputation for high-quality, reliable power tools. Their consistent innovation has allowed them to stay competitive, especially in the cordless tool segment.

Makita has maintained a strong foothold in the global cordless power tools market, particularly with its line of lithium-ion powered tools. In 2024, the brand remains one of the leaders in the market, thanks to its commitment to quality and continuous product improvement.

Makita has managed to differentiate itself through a combination of durability, innovative features, and a broad selection of tools for various industries. They are particularly popular among professionals in construction and woodworking due to their reliable performance and long-lasting batteries.

Their market share in the cordless tools sector is impressive, largely due to a reputation built on decades of consistent quality. However, as competitors like DeWalt and Milwaukee continue to push the boundaries with newer technology and aggressive pricing, Makita faces increasing pressure to innovate even faster.

Pro Tip: Makita’s success isn’t just about power tools—it’s about understanding the needs of the user and adapting to them over time. Their tools are designed with professionals in mind, making them a go-to choice for anyone looking for performance and longevity.

What is the market share of Dewalt?

Dewalt is another heavyweight in the cordless power tools market. But how much of the pie do they really control in 2024? Let’s find out.

Dewalt continues to capture a significant share of the cordless power tools market in 2024, driven by their reputation for tough, high-performing tools. Their focus on innovation and product variety keeps them ahead in many categories.

Dewalt is another top contender in the cordless power tools market. The company has successfully carved out a niche by focusing on power, durability, and reliability. Their tools are widely used across construction, manufacturing, and home improvement sectors, which has solidified their market position.

Their market share continues to grow, not just because of their established reputation, but also because of their strategic investments in innovation. Dewalt has made significant strides in developing high-capacity batteries that last longer and charge faster than many competitors. This focus on battery technology has played a major role in their continued dominance in the cordless tool market.

In 2024, Dewalt remains a strong force, particularly in North America and Europe, where their tools are known for withstanding the harshest work conditions. Their expansion into new product categories, such as cordless outdoor equipment and smart tools, further strengthens their competitive position.

Why are cordless power tools so expensive?

It’s no secret that cordless power tools can come with a hefty price tag. But what exactly makes them so expensive? Let’s break down the reasons behind the cost.

The cost of cordless power tools is largely driven by high-quality materials, advanced technology, and lithium-ion batteries. Additionally, the research and development costs for making tools more efficient and durable also contribute to the price.

The price of cordless power tools can be high, but there are solid reasons behind it. Let’s start with the technology. Unlike corded tools, which are simpler in design, cordless tools rely on advanced technology—especially when it comes to the battery. Lithium-ion batteries, which are the most common in these tools, are more expensive to produce but offer superior performance in terms of battery life, charging speed, and weight.

In addition to the battery, cordless tools also incorporate advanced electronics that allow for better power management, which ensures optimal performance. These tools often feature brushless motors, which are more efficient and longer-lasting than traditional motors, but they also come with a higher cost.

Quality control and durability testing are other factors that push up the price. Manufacturers invest heavily in ensuring that their tools can withstand the rigors of professional use, which involves stringent testing and the use of premium materials.

Summary of Cost Factors

Factor	Explanation
Lithium-Ion Batteries	Expensive to produce but offer superior performance
Advanced Electronics	For power management and optimal tool operation
Brushless Motors	Longer lifespan and efficiency, but more costly
Quality Control	Ensures durability and reliability, raising production costs

What is the best battery capacity for cordless drills?

When choosing a cordless drill, battery capacity is crucial. But what’s the ideal size for most users? Let’s explore the options.

The best battery capacity for a cordless drill largely depends on the type of work you plan to do. For light tasks, a 1.5-2.0 Ah battery is sufficient, but for heavier, longer projects, a 3.0 Ah or larger battery is recommended.

Battery capacity is one of the key factors to consider when choosing a cordless drill. The capacity, measured in amp hours (Ah), determines how long the tool will run on a single charge. For most light-to-moderate tasks around the home or small projects, a 1.5 to 2.0 Ah battery should be enough. These smaller batteries are lighter and easier to handle, making them a good choice for DIY enthusiasts and home users.

For professional use, especially if you’re working on larger projects or need to use the drill for extended periods, a 3.0 Ah or higher battery is recommended. These batteries provide longer runtime, meaning fewer interruptions for charging. They also tend to have better performance under heavy load, which is essential for demanding tasks.

Ultimately, the best choice comes down to your specific needs. If you need portability and don’t mind stopping to recharge, a smaller battery may be right for you. But if you’re working on larger projects that require continuous power, investing in a larger battery will save you time and hassle.

Conclusion

In 2024, the cordless power tools market continues to grow, with major players like Makita and Dewalt leading the charge. The investment in lithium-ion technology, coupled with the demand for portability and efficiency, ensures these tools remain valuable in both professional and DIY sectors. Whether you’re looking at battery-powered tools or evaluating the best brands, it’s clear that the future of cordless power tools is promising.