Power Tools Market - Statistics & Insights

Power Tools overview

The global power tools market was valued at USD 32.95 billion in 2024 and is projected to grow at a CAGR of 9.4%. Growth is fuelled by rising industrialization, infrastructure development, and expanding demand from both professional users and DIY enthusiasts. Among the most sought-after products are cordless power tools, electric drills, angle grinders, impact drivers, rotary tools, saws, and pneumatic tools. Battery-operated tools and hand-held power tools are increasingly popular for home improvement, while industrial power tools and heavy-duty construction tools remain essential in professional settings.

Published by MMR Statistics Research Team, Updated

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