The “Power Tool Accessories – Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The power tools accessories market by revenue is expected to grow at a CAGR of over 6% during the period 2019-2025.
The global power tool accessories market is expected to witness growth after the post-2020. Rapid industrialization and increasing applications in households and commercial sectors are primarily driving the power tool accessories set. These sets are primarily used in industries such as automobile, aerospace, construction, electronics, and shipbuilding. The growth in the use and demand for Li-ion batteries along with the rise in infrastructural developments have surged the demand for cordless power tools and batteries. The industrial sector is the largest end-user followed by commercial and residential segments.
The spread of the COVID-19 pandemic across the globe in early 2020 has deeply plummeted the demand from end-user industries, especially from construction, automotive, and