DUBLIN, May 28, 2021 /PRNewswire/ — The “Global Power Tools Market 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The global market for power tools should grow from $36.1 billion in 2020 to $44.5 billion by 2025, at compound annual growth rate (CAGR) of 4.3% for the period of 2020-2025.
Asia-Pacific market for power tools should grow from $12.9 billion in 2020 to $17.1 billion by 2025, at a CAGR of 5.8% for the period of 2020-2025.
Latin American market for power tools should grow from $3.5 billion in 2020 to $4.3 billion by 2025, at a CAGR of 4.4% for the period of 2020-2025.
This report covers different types of power tool categories, such as drilling tools, fastening tools, cutting tools, grinding tools and others. It also analyzes accessories such as batteries, chargers, bits, blades, etc.
Power tools are vital for infrastructure development because hand tools are insufficient to perform many operations with the high accuracy that power tools offer. Also, cordless power tools are highly portable and can perform operations such as drilling, grinding, cutting, etc. on the top point of Burj Khalifa.
Many innovations are occurring in the ergonomic design and handling of power tools, such as the double-coated handle and the development of connected tools. Presently, most power tool manufacturers are focused on the battery powered tools which can complete operation with a single recharge.
In the COVID-19 pandemic the global market for power tools…