According to Meticulous Research®, the global power tools market is on a growth trajectory, expected to reach $57.1 billion by 2031, with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The market is witnessing robust growth due to advancements in battery technology, a surge in construction activities, and the expanding use of power tools in the automotive...

Hand Tools Market is expected to expand at a compounded annual growth rate (CAGR) of 2.8% during the forecast period. Hand tools are handheld tools that are powered by manual force rather than battery or electricity like in the case of power tools. Being the most conventional form of tools, they are used for striking, cutting, measuring, fastening, and other general purposes. They are...