In an era of substantial growth, the global power tool market is poised for impressive expansion, with Future Market Insights (FMI) predicting a size of US$ 36.04 billion in 2023, soaring to a remarkable US$ 64.5 billion by 2033. This anticipated growth is underpinned by a compelling Compound Annual Growth Rate (CAGR) of 6% during the forecast …
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Global Power Tool Market to Register an Average CAGR of 6%, Projecting to Reach US$ 64.5 Billion Valuation by 2033, Predicts FMI
The surge in the power tool market can be attributed to a confluence of key factors. Technological advancements, industrial expansion, and the increasing popularity of do-it-yourself (DIY) activities have been pivotal drivers of this robust growth. Cordless tools, in particular, have gained significant prominence, thanks to improved battery technology that enhances user mobility and convenience. …
Powering Ahead: Global Power Tools Market Set to Soar to US$ 64.5 Billion by 2033, with a 6% CAGR
The power tool market is on a remarkable trajectory, with its size projected to reach US$ 36.04 billion in 2023 and an impressive US$ 64.5 billion by 2033. This growth is expected to be sustained by a Compound Annual Growth Rate (CAGR) of 6% during the forecast period from 2023 to 2033. The surge in the power …
India Power Tools Market is predicted to develop at an 8.9 percent CAGR between 2016 and 2026, according to FMI
India power tools market is anticipated to register a healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). The growth of the Indian power tools market in terms of revenue is attributed to various factors, regarding which FMI offers detailed insights in the report. The marketplaces in …
U.S. Demand for Power Tools Market, Innovations Resulting Sales And Business Growth by FMI
The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. The global power tools market is anticipated to reach US$ 33.36 billion in 2021, according to Future Market Insights (FMI). As construction …