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The portable power tools market size is forecast to increase by USD 7.74 billion at a CAGR of 4.9% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for DIY building products and home improvement projects. This trend is driven by the rising disposable income and the growing popularity of home renovation shows and DIY channels. Additionally, the integration of smart technologies in portable power tools and hand tools, such as Bluetooth connectivity and battery management systems, is adding value to the market. Furthermore, the low penetration of portable power tools in developing and emerging countries presents a vast opportunity for market expansion. These factors are expected to drive the growth of the market in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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