Strong Growth Expected in Global Power Tools Market

Global power tools market revenues are expected to surpass $30 billion in 2017, on account of resurgence in construction activity and all-pervasive DIY trend. Rising housing investment, steady growth of automotive sales, and demand from semiconductor industry will continue to fuel the growth of the global power tools market during the forecast period 2015-2025. Recovery in North America’s housing sector and automotive growth in China and India will contribute to the growing demand for power tools. In contrast, intense pricing competition and availability of cheap, unbranded power tools can pose challenges to overall growth.