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.