Power Tools Market Size Worth $42.8 Billion By 2026 - KBV Research

The Global Power Tools Market size is expected to reach $42.8 billion by 2026, rising at a market growth of 5.8% CAGR during the forecast period. Tools that are powered using a power source other than manual labor are referred to as power tools. These are used in various areas such as manufacturing and assembly lines, servicing and repair, packaging and DIY applications. Ease and quality of service, reduced time and labour costs, and convenient portability are some of the main factors driving demand for power tools across various industries.