Some of the major driving factors for the
growth of this market include The demand for more mobile, flexible, and compact
tools, and growing adoption of cordless power tools.
APAC is expected to lead the power tools
market during the forecast period.
Which are
the major industries uses power tool equipment?
The power tools market is broadly segmented
into two type of end user industries include industrial, and residential/DIY.
How is the
power tools market segmented?
The power tools market has been segmented
based on mode, tool type, application, and region.
What are the
opportunities for new market entrants in this market?
The increasing scope of power tools for wind
energy, smart connectivity in power tools, power tools adoption with Industry
4.0 would provide growth opportunities for the players operating in the power
tools market.
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