Advances in technology have led to the development of several tools and machines used across industries. Power tools are exceeding traditional hand tools in professional and domestic divisions to cater to the desire for efficiency. For example, the construction sector is under intense pressure to develop new equipment that decreases human labor. The spike in infrastructure and building markets is contributing to the power tools sector, which will also spur future advances. The rise in manual labor costs, home improvement activities, and DIYs pushed the demand for power tools, such as cordless hammer drills. For example, drilling and demolition equipment is often used in commercial and residential sectors. They are useful resources that reduce the need for arduous manual effort. As a result, their application in the construction industry creates new prospects for innovation in the power tool industry. In 2021, the global power tools market was valued at $1.11 billion.

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

5 REPORT ASSUMPTIONS & CAVEATS

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

8 INTRODUCTION

9 MARKET OPPORTUNITIES & TRENDS

10 MARKET GROWTH ENABLERS

11 MARKET RESTRAINTS

12 MARKET LANDSCAPE

13 MOTOR TYPE