Latest Market Research Reports

  China Power Tools & Hand Tools Industry The  China power tools and hand tools market  size is projected to reach USD 12.25 billion by 2028, expanding at a 6.7% CAGR from 2021 to 2028, according to a new report by Grand View Research, Inc. The promising growth prospects of the market can be attributed to the increased focus of the government on infrastructure expansion plans associated with the One Belt One Route (OBOR) initiative. Moreover, increasing focus on strengthening domestic capabilities of batteries and improving technical capabilities of semiconductor technology companies in China are also expected to favor the market growth over the forecast period. On the flip side, fluctuating raw materials prices are expected to hinder the market growth over the medium term. China's power tool industry is a powerhouse in manufacturing and exporting power tools, accounting for about 80% of the global industry. However, the recent U.S.-China trade war negatively affected...

China Power Tools & Hand Tools Industry Overview The  China power tools and hand tools market  size is projected to reach USD 12.25 billion by 2028, expanding at a 6.7% CAGR from 2021 to 2028, according to a new report by Grand View Research, Inc. The promising growth prospects of the market can be attributed to the increased focus of the government on infrastructure expansion plans associated with the One Belt One Route (OBOR) initiative. Moreover, increasing focus on strengthening domestic capabilities of batteries and improving technical capabilities of semiconductor technology companies in China are also expected to favor the market growth over the forecast period. On the flip side, fluctuating raw materials prices are expected to hinder the market growth over the medium term. China Power Tools & Hand Tools Market Segmentation Grand View Research has segmented the China power tools and hand tools market based on product, mode of operation, application, and sales...