The global power tools market size was estimated at USD 31.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. As governments across the globe are undertaking infrastructure development projects, the demand for power tools used in construction activities is anticipated to grow in the coming years. Such initiatives are expected...

The U.S. power tools market size is anticipated to reach USD 12.99 billion by 2028, expanding at a CAGR of 3.5%, according to a study conducted by Grand View Research, Inc. The spread of COVID-19 has resulted in a sluggish growth in the demand for power tools in 2020. The market is projected to recover steadily over the next couple of years with the resumption of various end-use...