Power Tools Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the power tools industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected power tools market growth numbers from 2022-2031.
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The global power tools market size is expected to grow from $32.26 billion in 2021 to $35.40 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global power tool market share is expected to grow to $45.77 billion in 2026 at a CAGR of 6.6%.
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The Power Tools Global Market Report 2022-31 by The Business Research Company evaluates power tools market size, growth rate, drivers, power tools industry trends, and major companies.
The power tools market segments in the report are:
1) By Tool Type: Drilling and Fastening Tools, Demolition Tools, Routing Tools, Sawing and Cutting Tools, Material Removal Tools, Others
2) By Mode of Operation: Electric, Pneumatic, Others
3) By Distribution Channel: Online, Offline
4) By Application: Construction, Automotive, Aerospace, Energy, Electronics, Others
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