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Global power tools market explored in latest research

The Power tools market in Asia Pacific is to reach US$13.4 bn by 2021 from a valuation of US$8.8 bn in 2014. If these figures hold true, the Asia Pacific power tools market will exhibit a CAGR of 5.9% from 2017 to 2021.

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Power tools are primarily used in manufacturing and construction industry for the purpose of reducing workload and increasing the output. These tools have several types of operation such as drilling, chiseling, sanding and screw driving among others.

The market has been analyzed to grow steadily due to the increasing need for infrastructure development in emerging economies.