Power Tools Market Share, Size, Global Trends, Forecast

The Power Tools market size was estimated at USD 45.65 billion in 2023 and is projected to reach USD 80.44 billion in 2030 at a CAGR of 8.43% during the forecast period 2023-2030.

Any equipment or gadget that draws energy from a source outside of itself, such as compressed air or electricity, is referred to as a power tool. Power tools are crucial in many sectors because they offer improved speed, strength, and efficiency compared to manual tools, which only rely on human labour. Power tools offer the durability, accuracy, and productivity required to finish a variety of jobs. Power tools increase productivity and professional outcomes on anything from building sites to workshops.