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World Market for Electric Tools - Market Research Report

World Market for Electric Tools - Market Research Report

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The global market for power tools is growing at a CAGR of 7.2% during the forecast period (2023-2030). Power tools are powered by electric motors, compressed air motors, and gasoline engines. They are widely used in various functions and applications such as assembly and production lines, DIY projects, repairs and maintenance, and many other packaging tasks. These power tools enable more effective handling and operation in various tasks, reducing time and meeting diverse labor demands. Furthermore, they significantly contribute to improvements in productivity and profitability. Several major forces are driving the industry forward across various sectors during the forecast period.

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[English Market Research Report] Global Market for Electric Tools

[English Market Research Report] Global Market for Electric Tools

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The global power tools market is expected to grow at a rate of 2.5% annually, reaching 48 billion USD by 2027. The growth of the construction industry and durable goods manufacturing activities presents opportunities for expanding sales to professional users. This report investigates the global power tools market, summarizing demand by product type, key suppliers, and regional trends.

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[English Market Research Report] Global Market for Core Drills in the Construction Industry

[English Market Research Report] Global Market for Core Drills in the Construction Industry

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The global market size for core drills in the construction industry was valued at 1.12 billion USD in 2022 and is expected to grow from 1.16 billion USD in 2023 to 1.6 billion USD by 2031, with a CAGR of 3.80% during the forecast period (2024-2031). Rapid urbanization and large-scale construction activities worldwide are extremely important factors driving the expansion of the core drill market in the global construction industry. The surge in urban development and the increasing demand for various products are accelerating investments in infrastructure projects such as highways and underground structures. Core drills, which specialize in extracting cylindrical materials like boreholes, play a crucial role in these projects.

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