Power tools are primarily used to make the operation process fast (in case of building, manufacturing, and new construction), by consuming less time and workforce. The market has been anticipated to grow at a CAGR of 5.3% and reach USD 38.03 billion in 2021.The region’s dominance is attributed to the presence of developing nations such as India and China which are undergoing rapid industrialization and urbanization. The Asia Pacific market held more than 30% of the global market share in 2014. North America and Europe follow Asia Pacific.
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