Product ID: SQMIG20D2077
Report ID:
SQMIG20D2077 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
North America is holding a significant share of the global power tools market, accounting for more than 25% of revenue share in 2021 because of heavy spending on infrastructural and industrial development. In 2021, Asia Pacific dominated the global power tools market by contributing over 32% to the market revenue. This is attributed due to the thriving automotive and construction sectors in countries such as India and China. As a result, the Asia Pacific region is expected to enjoy the fastest growth in the years to come. This is further supported by growing disposable income.
Europe power tools market is expected to grow at a healthy CAGR and is likely to led by Germany and the UK due to strong presence of manufacturing and production plants in these countries.
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REQUEST FREE CUSTOMIZATIONPower Tools Market size was valued at USD 25.87 billion in 2019 and is poised to grow from USD 26.61 billion in 2023 to USD 35.13 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
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Product ID: SQMIG20D2077