Global Power Tool Accessories market will reach 11800 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/6

The global power tool accessories market is growing in a steady manner with rapid industrialization. The power tool accessories are being used in different industries such as construction, manufacturing, and automotive sectors. Growing demand for buildings and new construction activities in emerging economies is expected to drive the global power tool accessories market in the near future. These tools ensures accuracy, perfection, and efficiency in performing laborious tasks. The growing demand for electronic vehicles to reduce pollution is projected to stoke the demand for power tool accessories in the automotive industry, predicts report.

The global power tool accessories market was worth US$9570 mn in 2018 and the report suggests that the market will reach US$11800 mn by 2025, registering a moderate CAGR of 3.1%. The increasing industrial applications are expected to drive the global power tool accessories market at a steady rate.


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