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Globe and Mail
7 days ago
- Business
- Globe and Mail
U.S. Cordless Power Tools Market to Surpass USD 7.8 Billion by 2030: Driven by Battery Advances and Strategic Acquisitions
"U.S. Cordless Power Tools Market Research Report by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. According to Arizton's latest research, the U.S. cordless power tools market is projected to grow from USD 5.84 billion in 2024 to USD 7.87 billion by 2030, at a CAGR of 5.11%. This surge reflects a structural shift in tool manufacturing, as cordless becomes the standard across both professional and DIY segments. Vendors are racing to enhance performance through battery innovation, ergonomic design, and smart acquisitions.' Report Summary Market Size – Revenue (2030): USD 7.87 Billion Market Size – Revenue (2024): USD 5.84 Billion CAGR – Revenue (2024-2030): 5.11% Market Size – Volume (2030): 81.75 Thousand Units Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 Market Segmentation: Tool Type, Drilling & Fastening, Sawing & Cutting, Demolition, Material Removal, Routing, Other Tools, Category, Motor Type, Battery, End-Users, Industrial, Distribution Channel, And Geography Geographic Analysis: U.S. (South, West, Northeast, and Midwest) Cordless Tools Get Smarter: Industry 4.0 Reshapes Manufacturing Efficiency The cordless power tools industry is undergoing a transformative shift, fueled by advancements in system architecture and the adoption of Industry 4.0 technologies. These innovations are aimed at making manufacturing more efficient, responsive, and adaptable, laying the groundwork for the next generation of cordless tools. Industry 4.0 is not only optimizing production on the factory floor but also seamlessly integrating with other critical business functions like logistics and customer service. This connected ecosystem enables holistic automation systems that power the use of battery-operated drills and wrenches for precise and reliable assembly processes. A strong example of this trend is Bosch Power Tools' 2023 expansion of its Connectivity Module ecosystem. By linking IoT-enabled cordless tools with smart manufacturing systems, Bosch continues to align itself with Industry 4.0 principles, boosting interoperability, efficiency, and customization in industrial assembly environments. EV Growth Fuels Innovation in the U.S. Cordless Power Tools Market The U.S. remains one of the largest and most dynamic automotive markets globally. As vehicle demand continues to rise, particularly in electric vehicles (EVs), cordless power tool vendors are well-positioned to capitalize on new growth opportunities. This shift is driving demand for cordless, flexible, and specialized tools that can support modern servicing needs. The rise of EVs, which are equipped with complex systems such as sensors, cameras, and software, further amplifies the need for precision cordless tools in garages and repair centers. In 2024, EV sales in the U.S. crossed 1.56 million units, accounting for 10% of all light-duty vehicle sales. Despite labor disruptions such as the United Auto Workers strike, the segment's growth signals sustained investment potential for tool manufacturers catering to automotive use. Companies like Stanley Black & Decker are tapping into this trend with automotive-specific cordless solutions, supporting faster, smarter repairs and fueling market expansion. U.S. Cordless Power Tools Market News In 2025, TTI is likely to continue its mission of cordless domination, bringing disruptive technology and innovative design to the market to cater to the growing trend of energy-efficient products and tools. In 2024, Snap-on introduced its 14.4 MicroLithium Cordless Nibbler Kit to easily cut through mild steel up to 16-gauge and most nonferrous materials such as aluminum, brass, laminates, fiberglass, and high-density fiberboard. Innovation-Driven Competition Shapes the U.S. Cordless Power Tools Market The U.S. cordless power tools market remains highly competitive and fragmented, with leading players like Stanley Black & Decker, Bosch, Makita, and TTI continuously driving innovation to maintain their edge. Rather than being dominated by a single vendor, the market thrives on rapid technological advancement and strategic differentiation. Vendors are increasingly focused on expanding their product portfolios and integrating new technologies to serve both DIY and professional users. A notable example is Bosch's 2023 launch of its NanoBlade technology across its EasySaw 12, EasySaw 50, and MaxSaw 50 models, an innovation tailored for the growing DIY market. To stay ahead in this dynamic landscape, top companies are making significant R&D investments. Bosch, for instance, allocated approximately USD 8.89 billion in 2024 toward research and development, reinforcing its commitment to cordless innovation across consumer and industrial segments. Regional Dynamics Shape U.S. Cordless Power Tools Market Growth The Southern U.S. leads the cordless power tools market, accounting for over 33% of revenue share during the forecast period. This dominance is driven by its large population base, which fuels demand through increased housing development and steady growth in the real estate, tourism, and hospitality sectors. Meanwhile, the Western region is projected to see a notable growth rate of 4.42% in unit shipments, supported by rising industrialization, urban expansion, and higher disposable incomes, particularly in key states like California and Washington. The Northeastern and Midwestern regions also show promising potential, backed by ongoing infrastructure development and the strength of industries such as mining and oil & gas, which continue to create new demand for cordless power tool applications. Key Company Profiles Stanley Black & Decker Robert Bosch Techtronic Industries Makita Hilti Other Prominent Company Profiles CHERVON FEIN Festool CS Unitec STIHL Matco Tools Milwaukee Hitachi Ryobi Snap-on Metabo Apex Tool Group Panasonic Wagner Atlas Copco Ingersoll Rand Emerson Positec Group Skil CRAFTSMAN Kobalt Dremel Chicago Pneumatic Worx Cornwell Quality Tools SENCO AMICO Dynabrade Husqvarna Group AEG POWERTOOLS Seekone Genesis FERM Einhell Market Segmentation & Forecast Tool Type Drilling & Fastening Sawing & Cutting Demolition Material Removal Routing Other Tools Drilling & Fastening Drills Impact Wrenches Impact Drivers Screwdrivers & Nut Runners Sawing & Cutting Circular Saws Reciprocating Saws Band Saw Jigsaws Shears & Nibblers Demolition Hammer Drills Rotary Hammers Demolition Hammers Material Removal Grinders Sanders Other Tools Layout & Laser Tools Dust Extractors Heat Guns & Glue Guns Category Mass Premium Motor Type Brushed Motors Brushless Motors Battery 12V 18V 20V 40V 40V & Above End-users Industrial Commercial Residential Industrial Construction Automotive Electronics Aerospace Energy Shipbuilding Other Industries Distribution Channel Offline Online Geography U.S. South West Northeast Midwest Other Related Reports that Might be of Your Business Requirement Cordless Power Tool Market Research Report 2025-2030 U.S. Power Tool Accessories Market Research Report 2025-2030 What Key Findings Will Our Research Analysis Reveal? Who are the key players in the U.S. cordless power tools market? How big is the U.S. cordless power tools market? What is the growth rate of the U.S. cordless power tools market? Which region dominates the U.S. cordless power tools market share? What are the significant trends in the U.S. cordless power tools market? Who are the key players in the U.S. cordless power tools market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Yahoo
17-06-2025
- Business
- Yahoo
Tungsten Carbide Powder Industry Report 2025: Asia Pacific Leads Growth in Demand - Global Market Analysis, Size, Share, Growth, Trends, and Forecast to 2032
The global tungsten carbide powder market is projected to grow at a CAGR of 6.10%, reaching US$ 27.4 Bn by 2032. Driven by rising demand in construction, aerospace, and defense, the market offers growth opportunities through additive manufacturing and sustainable practices. Key players include Ceratizit and Sandvik. Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Tungsten Carbide Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2032 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to global tungsten carbide powder industry is on the cusp of significant transformation and expansion. A recently conducted market analysis reveals that the sector is poised to grow at a CAGR of 6.10% during the forecast period. The global market is projected to reach a valuation of US$ 18.1 Bn by 2025 and rise further to US$ 27.4 Bn by 2032. The demand surge is primarily attributed to the growing need for high-performance materials in industrial applications, especially in construction, transportation, aerospace, and defense carbide powder is a hard, dense material composed of tungsten and carbon, known for its exceptional hardness, high thermal conductivity, wear resistance, and thermal stability. It is extensively used in the manufacturing of cutting tools, dies, abrasives, mining tools, and various components used in high-stress industrial environments. The increasing global focus on infrastructure development, technological innovation, and sustainability is significantly shaping the outlook of the tungsten carbide powder economies are playing a crucial role in the rising demand for tungsten carbide powder, particularly driven by the rapid expansion of construction activities and robust industrial development. At the same time, advancements in additive manufacturing and powder production technologies are creating new possibilities for product innovation and market Market DriversOne of the primary growth drivers is the rising demand from key industrial sectors. Industries such as automotive, aerospace, oil & gas, and mining rely heavily on tungsten carbide powder for its strength and reliability. Its use in cutting tools, fuel injection systems, wear-resistant components, and aerospace applications has significantly development, especially in Asia Pacific and Latin America, is another major catalyst. Governments in these regions are heavily investing in building new roads, bridges, and public utilities, boosting the demand for reliable and long-lasting construction materials. This infrastructure boom is creating a stable and expanding market for tungsten carbide has also emerged as a vital factor driving growth. Manufacturers are actively exploring environmentally friendly production processes and are investing in the development of alternative raw materials to reduce carbon footprints. This shift towards green manufacturing practices is not only aligning with regulatory trends but also appealing to eco-conscious consumers and OpportunityThe global tungsten carbide powder market presents a variety of business opportunities for manufacturers, suppliers, and investors. The sector is witnessing increasing research and development efforts aimed at enhancing the quality, efficiency, and sustainability of tungsten carbide powder. As technological innovations continue to evolve, companies have the opportunity to develop specialized formulations to meet the needs of high-performance lucrative opportunity lies in the growing adoption of additive manufacturing, commonly known as 3D printing. Tungsten carbide's compatibility with 3D printing technologies is opening up new avenues in industries such as medical devices, aerospace, and precision engineering. By partnering with 3D printing companies and research institutions, tungsten carbide manufacturers can expand their applications and reach new customer increasing shift toward emerging economies also provides a strategic growth opportunity. Manufacturers establishing a strong presence in developing regions can benefit from the rising demand for durable and high-performance materials. Local partnerships, tailored product offerings, and capacity expansion in these regions can significantly boost business AnalysisThe Asia Pacific region is expected to lead the global tungsten carbide powder market, driven by robust industrial growth and expanding construction activities. Countries such as China, India, and South Korea are making large-scale investments in infrastructure and manufacturing, contributing significantly to market America, particularly the United States, is anticipated to witness steady growth due to its dominant aerospace and defense sectors. Increased military spending and ongoing advancements in aircraft manufacturing are fueling the demand for tungsten carbide is also likely to experience a positive outlook with increased demand from the automotive and mining industries, supported by stringent quality and environmental regulations encouraging the use of advanced materials like tungsten AnalysisThe tungsten carbide powder market is characterized by strong competition among global players. Companies are leveraging innovation, sustainability initiatives, and strategic partnerships to enhance their market instance, Sumitomo Electric Industries, Ltd. recently introduced a new line of tungsten carbide powder with improved wear resistance and thermal stability. This innovation is aimed at serving high-performance needs in automotive, aerospace, and construction notable development includes Hardide plc's launch of enhanced tungsten-based coatings for High-Velocity Oxy Fuel (HVOF) applications. The new coating significantly extends the operational life of spray nozzles and integrates smoothly with existing Laser Technologies (BLT) also demonstrated new additive manufacturing capabilities in tungsten carbide at TCT Asia. Their proprietary approach addresses common challenges in tungsten steel 3D printing, unlocking new design possibilities in precision tools and aerospace developments reflect the sector's ongoing evolution and highlight the importance of continuous innovation and technological integration in sustaining market ChallengesDespite its positive growth trajectory, the market does face a few challenges. Environmental and health concerns associated with tungsten carbide powder manufacturing and usage remain a significant restraint. The material is categorized as a possible human carcinogen, and prolonged exposure to its dust or fumes can impact worker the production process can generate hazardous waste and emissions, necessitating compliance with strict environmental regulations. This has compelled manufacturers to invest in safer production facilities and adopt more sustainable methods, thereby increasing operational chain disruptions and the limited availability of tungsten, the key raw material, can also hamper the market. Trade restrictions, geopolitical tensions, and mining constraints can affect the stable supply of tungsten, ultimately impacting production and pricing strategies. Key Players Ceratizit S.A. China Tungsten Online (Xiamen) Manu. & Sales Corp. Chongyi ZhangYuan Tungsten Co., Ltd Extramet Federal Carbide Company Guangdong Xianglu Tungsten Co., Ltd. H.C. Starck GmbH Japan New Metal Co., Ltd Kennametal Inc. Merck KGaA Nanchang Cemented Carbide Co., Ltd Reade International Corp. Sandvik AB Umicore Tungsten Carbide Powder Market Segmentation By End Use: Building & Construction Oil & Gas Transportation Mining Aerospace & Defense Others By Application: Mining Tools Cutting Tools Dies & Punching Abrasives Others By Region: North America Europe Asia Pacific Central & South America Middle East & Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
