Asia Pacific Power & Hand Tools Market: Trends, Growth, and Forecast 2024-2030
Asia Pacific Power Tools & Hand Tools Market Overview The Asia Pacific power tools & hand tools market size is expected to reach USD 31.47 billion by 2030, registering a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the flourishing construction industry across the region owing to surging construction activities in China, India, Indonesia, and Vietnam. This, in turn, drives the development of residential and commercial establishments in Asia Pacific, thereby surging the demand for power & hand tools in the region. The changing behavior of consumers toward the purchase of high-technology machines and their growing preference for DIY projects are fueling the growth of the power & hand tools market in Asia Pacific. Furthermore, increasing preference of consumers for DIY kits in the region is particularly prompting vendors to introduce easy-to-use and affordable power tool...