The Portable Tools Market is an industry that has been growing rapidly in recent years due to increased demand for convenient and versatile products. Portable tools are typically small devices, such as saws, drills, or other similar equipment, that can be used by contractors and DIY enthusiasts alike. Portable tools are designed to be compact and easy to transport, allowing people to take them wherever they need to go.
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The market for portable tools is expected to reach US$ 82.4 billion in 2022 and US$ 102.1 billion by 2032, increasing at a CAGR of 4.4% from 2022 to 2028.
As the Portable Tools Market continues to expand, manufacturers have begun introducing more advanced products. Portable saws now come with features such as plunge-cut capabilities and laser guides for precise cutting angles; portable drills are now equipped with brushless motors for improved efficiency; and portable screwdrivers come with adjustable torque settings for greater accuracy when fastening screws. These developments have made it easier than ever before for amateurs and professionals alike to work on a wide range of projects.
In addition to providing convenience and versatility, portable tools also offer many benefits in terms of safety. Portable tools are often lighter than their traditional counterparts and therefore require less effort when transporting them around a job site. Portable tools also tend to generate less noise than their traditional counterparts, helping to reduce fatigue among workers while still allowing them to perform their tasks quickly and efficiently.
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Companies-
Tools (Hand, Power, Garage and Lighting Tools)
- Akar Tools Ltd.
- Apex Tools Group
- Atlas Copco AB
- Channellock, Inc.
- Danaher Corporation
- Emerson Electric Co. (RIDGID)
- Fiskars Group
- General Tools & Instruments LLC
- Makita Corporation
- JK Files (India) Limited
- Kennametal Inc.
- Klein Tools
- Robert Bosch GmbH
- Q.E.P. Co., Inc.
- Snap-On Inc.
- Stanley Black & Decker, Inc.
- Techtronic Industries Company Limited
- Wera Tools
- 3M Co.
- DowDuPont Inc
- Honeywell International Inc.
- Ansell Limited
- Avon Rubber Plc.
- Msa Safety Inc.
- Lakeland Industries Inc.
- Uvex Safety Group
- Alpha Pro Tech, Ltd
- Rock Fall Ltd.
- Others.
The Portable Tools Market is also growing due to increased affordability. In the past, these types of tools were expensive enough that only professional tradespeople could afford them, but advances in technology have enabled manufacturers to produce quality products at lower prices without sacrificing performance or reliability. This has opened up the market further so that even budget-conscious consumers can pu-rchase the necessary equipment needed for their projects without breaking the bank in the process.
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