Top 7 power tool manufacturers offering precision
tools for DIY tasks
Improvement of home using personal equipment has become a normal thing across the
globe. Rising income and booming urbanization are the major reasons for the growth of
the power tool manufacturers’ market. Individuals are exploring methods and tools to
repair and maintain the house themselves. Also, the millennials are inclined towards the
use of power tools over tools that require manual labor.
Basically, power tools are activated using a power source. This was designed by the
leading power tool manufacturers to reduce the consumption of time along with getting
the tasks done with less manual work.
The extensive portfolio of power tool manufacturers include tools of all shapes and
sizes. The power tools such as electric screwdrivers, hammer drills, and fast screw
guns are the highly demanded tools in the market.
These powerful tools, made by chief tool manufacturers, are increasingly being used in
the construction sector. Also, they have become a popular tool for many Do-It-Yourself
Power tools market landscape
Elliptical rise in the inclination towards DIY tasks have also contributed to the
blossoming of power tool manufacturers’ market. According to the Global Power Tool
Manufacturers’ Market Report, the power tools are widely being adopted across
automotive and construction sectors.
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Verified Market Research experts found that the power tool manufacturers’ market was
valued at USD 29.80 billion in 2019. It is projected to reach USD 42.16 billion by
2027. This jump is equal to a CAGR of 4.78% from 2020 to 2027.
Rising labor costs are also major reasons for the growing demand for power tools that
help in carrying out DIY tasks. The leading manufacturers are offering customized
solutions to the customers for household purposes and industry-level applications.
Top 7 power too