Global Power Tools Market Is Expected to Grow at a CAGR of 5.5% by 2022
The Power Tools market accounted for $27.56 billion in 2015 and is expected to reach $40.12 billion by 2022 growing at a CAGR of 5.5%. Urbanization, increasing automotive sales in developed nations, high efficiency and effectiveness and rising investments in housing are driving the market growth. The power tools are generally used for household tasks, screw-driving, grinding, drilling, routing, leveling, cutting, shaping, painting, sanding, construction, polishing, and gardening.
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