The global power tools market size was USD 25.79 Billion in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period, according to latest analysis by Emergen Research. Rising demand for cordless power tools and expanding construction and manufacturing sectors, particularly in developing nations, are some of the major market growth drivers.

The market is expanding quickly thanks to the increasing use of several kinds of cordless power tools, including hammer drills, saws, impact wrenches, staplers, and nailers. The demand for cordless power tools is rising in response to the growing requirement for instruments that are more versatile, adaptable, and small. Power tool battery packs that previously used Nickel Cadmium (Ni-Cd) and Nickel Metal Hydride (Ni-MH) are now lithium batteries.

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Additionally, due to the quick development of battery technology, an increase in the use of high density battery packs in cordless power tools has allowed for longer runtime between recharges. Makita U.S.A., Inc., a leading provider of high-quality professional tools and accessories, added 18V LXT 1/3 Sheet Finishing Sanders to its line of cordless woodworking solutions on April 13, 2022. (model XOB03). The sander is made to have the same power and performance as a corded version, but without the cord. It is also driven by an effective brushless motor, giving the user a practical wood finishing option.

The latest research report named ‘Global Power Tools Market - Forecast to 2030’, entails a comprehensive review of the global Power Tools market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.

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The report also discusses key players involved in the market, such as Apex Tool Group, LLC., Emerson Electric Co., Ingersoll Rand, Atlas Copco, Robert Bosch GmbH, Stanley Black & Decker, Inc., Techtronic Industries Co., Ltd., Hilti Group, Makita Corporation, and Koki Holdings Co., Ltd. and others as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Emergen Research has segmented the global power tools market based on mode of operation, product, application, and region:

Mode Of Operation Outlook (Revenue, USD Billion; 2019-2030)

Electric

Cordless

Corded

Pneumatic

Others

Product Outlook (Revenue, USD Billion; 2019-2030)

Wrenches

Grinders

Drills

Saws

Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Industrial

Residential

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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Power Tools market?

What are the key product types and applications of the Power Tools industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Power Tools market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Power Tools Market by 2030?

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