Electric Power Tools Market - Growth, Trends [2028], & Analysis
Global Electric Power Tools Market has valued at USD 20.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.09% through 2028. The electric power tools market refers to a dynamic and diverse sector of the global economy dedicated to the production, distribution, and sale of a wide range of electrical devices and equipment designed to assist users in performing various tasks and applications across multiple industries. Electric power tools are versatile, handheld or stationary machines powered by electricity, and they are employed for purposes such as cutting, drilling, grinding, sanding, fastening, and shaping materials like wood, metal, and concrete. This market encompasses a vast array of tools, including but not limited to drills, saws, grinders, sanders, impact drivers, and power screwdrivers, among others. These tools serve both professional users, such as contractors, craftsmen, and industrial workers, and non-...