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Power Tools Market Trends

Report ID: GMI5006
Published Date: Jul 2023
Report Format: PDF

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Power Tools Market Trends

One prominent trend fueling power tools industry progress is the increasing focus on ergonomic design and user comfort. Manufacturers are investing in research and development to design tools that reduce operator fatigue and improve overall productivity. Additionally, the integration of smart technology and connectivity features into power tools is gaining traction. These advanced tools enable real-time monitoring, diagnostics, and predictive maintenance, enhancing operational efficiency.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market for power tools is expected to witness more than 6.4% CAGR from 2023 to 2032 due to the increasing demand for efficient and convenient tools across various industries.

The electric corded power tools mode segment will hold a commendable share of power tools market, given the escalating product usage in tasks that require continuous and uninterrupted operation.

European market for power tools is poised to record substantial growth over the forecast period, due to the rising emphasis on infrastructure development, construction activities, and manufacturing sectors.

Techtronic Industries, Stanley Black & Decker, Robert Bosch GmbH, Atlas Copco, Hilti Corporation, Hitachi Koki Ltd., Emerson Electric Co., Apex Tool Group, Enerpac Tool Group, and Makita Corporation.