Power Tools Market to Register Growth Owing to Increased Renovation and Construction Activities
Power Tools Market The power tools market has witnessed significant growth over the past few years owing to increased demand from manufacturing, automotive, construction, and residential sectors. Power tools provide faster assembly and increased workforce efficiency in manufacturing. Moreover, these tools offer greater precision and control over traditional hand tools for accurate cutting, drilling, sanding, planing, grinding, polishing, and other operations. Power tools comprise drills, saws, sanders, grinders, routers, and others that run on electricity or battery for more portability. The electric and cordless power tools including circular saws and angle grinders are extensively utilized in various construction activities including woodworking, metalworking, and masonry jobs owing to their ability to work on both stationary and portable applications. The Global Power Tools Market is estimated to be valued at US$ 34,554.27 million in 2024 and is expected to exhibit a CAGR of 7.6% ov