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Power Tools Market
The global market size for power tools is estimated to reach 33.97 billion USD in 2021 and 35.68 billion USD in 2022, with a projected CAGR of 5.06%, reaching 45.69 billion USD by 2027.
![[English Market Research Report] Flooring Tools Market](https://image.mono.ipros.com/public/product/image/95d/2000750104/IPROS3870708429626803354.png?w=280&h=280)
Flooring Tool Market
Flooring tools are equipment used for the installation of flooring materials. Flooring tools include utility knives, chalk lines, paint rollers and pans, flooring rollers, metal straight edges, cutting boards, measuring tapes, masking tape or painter's tape, floor buffing machines, edge sanders, and others.
Power Tools
The demand for power tools in the United States is expected to reach $11.2 billion by 2026, with a projected annual decline of less than 1.0% from the high levels of 2021. This report investigates and analyzes the U.S. power tools market, providing demand data by product and market, as well as competitive analysis.
![[English Market Research Report] Global Market for Downhole Tools](https://image.mono.ipros.com/public/product/image/b10/2000802085/IPROS5441728123862149899.png?w=280&h=280)
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The global downhole tools market is projected to grow from 4.94 billion USD in 2021 to 5.26 billion USD in 2022, with a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war has disrupted the potential for a global economic recovery from the COVID-19 pandemic, at least in the short term. This war between the two countries has led to economic sanctions on multiple nations, soaring commodity prices, and supply chain disruptions, affecting many markets worldwide. The downhole tools market is expected to reach 6.16 billion USD by 2026, with a CAGR of 4%.
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The market size of high-speed cutting tools is expected to be 6.81 billion US dollars this fiscal year, with a projected CAGR of over 3% during the forecast period.
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The global market for metal cutting tools is projected to grow from 61.41 billion USD in 2022 to 66.11 billion USD in 2023, with a CAGR of 7.7%. The Russia-Ukraine war has disrupted the potential for a global economic recovery from the COVID-19 pandemic, at least in the short term. This war between the two countries has led to economic sanctions against multiple nations, soaring commodity prices, and supply chain disruptions, causing inflation across goods and services and impacting many markets worldwide. The metal cutting tools market is expected to grow to 86.4 billion USD by 2027, with a CAGR of 6.9%.
![[English Market Research Report] Power Tools Market](https://image.mono.ipros.com/public/product/image/470/2000871038/IPROS17161112865002149558.png?w=280&h=280)
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According to a new report by Grand View Research, Inc., the global power tools market is expected to expand at a CAGR of 7.2% from 2023 to 2030, reaching approximately $54.39 billion by 2030. The demand for compact, flexible, and portable tools is increasing not only in industrial applications but also in residential ones. Power tools play a crucial role in reducing manual labor, especially in heavy-duty applications, which is expected to have a positive impact on the market.
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The global cutting tools market is projected to expand at a CAGR of 5.72% from 2022 to 2028. This report investigates the global cutting tools market, providing an overview of the market along with trends by product type, material type, application, end-user, distribution channel, and region, as well as profiles of companies entering the market.
Global Power Tools Market 2022-2026
According to the report, the electric tools market is expected to grow by $10.33 billion from 2022 to 2026, with a projected CAGR of 5.59% during the forecast period. The report provides a comprehensive analysis of the electric tools market, including market size and forecasts, trends, growth drivers and challenges, and vendor analysis covering approximately 25 vendors. It also offers the latest analysis of current global market trends and drivers, as well as the overall market environment. The market is driven by an increase in global construction and infrastructure activities, technological innovations accelerating replacement demand, and a growing demand for home center products. The study identifies one of the key reasons for the growth of the electric tools market in the coming years as the introduction of portable electric tools equipped with smart technology. Additionally, flexible battery systems and wireless charging in electric tools, along with product innovations in the global electric tools market, are expected to lead to significant demand in the market.
Global Polycrystalline Diamond Cutting Tool Market
Due to the COVID-19 pandemic, the global market size for polycrystalline diamond cutting tools was valued at 899 million USD in 2021 and is expected to reach 1.498 billion USD by the end of 2028, with a projected CAGR of 6.8% from 2022 to 2028.
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The power tools market is expected to grow at a CAGR of 5% during the forecast period (2022-2029). Power tools are equipped with complex mechanisms and additional power sources, in addition to manual labor used with hand tools. Power tools are used for various tasks in construction, gardening, home, and industry, including fastening, cutting, shaping, drilling, sanding, heating, routing, painting, and polishing. Power tools come in portable and stationary types, with portable referring to those that are handheld. Portable power tools are characterized by their excellent mobility. However, stationary power tools often have advantages in terms of speed and precision.
![[English Market Research Report] Global Market for Metal Cutting Tools](https://image.mono.ipros.com/public/product/image/917/2000788044/IPROS558226909518442508.png?w=280&h=280)
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The report forecasts that the market size for metal cutting tools is expected to increase by USD 5.73556 billion between 2023 and 2027, growing at a CAGR of 4.91% during the forecast period. This report provides a comprehensive analysis of the metal cutting tools market, including market size and forecasts, trends, growth drivers and challenges, as well as vendor analysis covering approximately 25 vendors. It offers the latest analysis of current global market trends and drivers, as well as the overall market environment. The market is driven by the increasing demand for metal parts in key end-user industries, rising construction activities in emerging countries in the APAC region, and the growing need to develop high-quality products. This study identifies additive manufacturing as one of the key reasons driving the growth of the metal cutting tools market in the coming years. Additionally, the expansion of the high-speed steel cutting tools market and the strengthening of metal processing product growth will lead to significant demand in this market.
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The global power tools market size is projected to grow at a CAGR of 4.3% during the forecast period from 2023 to 2029. The global power tools market is thriving due to advancements in technology, government support measures, increasing disposable income, the rising popularity of DIY techniques, and high adoption rates across diverse industries including construction and automotive. This report investigates the global power tools market and provides insights into the market, including analysis by tool type, operation mode, application, region, competitive landscape, and company profiles.
![[English Market Research Report] Global Market for Electric Tools](https://image.mono.ipros.com/public/product/image/c36/2000802114/IPROS7873810803926700231.png?w=280&h=280)
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The global market size for power tools is expected to grow from 42.8 billion USD in 2022 to 65.5 billion USD by 2027, with a projected CAGR of 8.9% from 2022 to 2027. Key factors driving the growth of the power tools market include the growth of the construction industry in major countries and the increasing adoption of power tools for home use. Additionally, the rise in manufacturing of smart power tools equipped with wireless connectivity and the development of connected power tools for Industry 4.0 are believed to create significant growth opportunities in the future. This report analyzes the global power tools market, examining the basic structure of the market, the latest trends, key market drivers and restraints, market outlook by material, distribution channel, type of tool, mode of operation, application, and region, the state of market competition, and profiles of major companies.
![[English Market Research Report] Global Market for Pneumatic Tools](https://image.mono.ipros.com/public/product/image/925/2000815914/IPROS10677765713948263772.png?w=280&h=280)
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The global market size for pneumatic tools is expected to reach a revised size of 9.52699 billion USD in 2022 and 18.46693 billion USD by 2029, growing at a CAGR of 9.73% during the forecast period (2023-2029) due to the impact of the COVID-19 pandemic and the Russia-Ukraine war. The market size for pneumatic tools in North America is projected to reach 2.56701 billion USD in 2022 and 4.91409 billion USD by 2029, growing at a CAGR of 9.52% during the forecast period (2023-2029). This report analyzes the global pneumatic tools market, examining market trends by type, application, and region (by country) from 2018 to 2029, as well as profiles of key companies.
