China Power Tools & Hand Tools Market Worth $12.25 Billion By 2028
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...