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NEW YORK , Sept. 5, 2022 /PRNewswire/ -- According to the latest market research report published by P&S Intelligence, in 2030, the revenue of the cordless power tools market will be $46,729.5 million , which will have grown from $21,233.4 million in 2021 at a 9.2% CAGR.

Major Factors behind Lucrative Future Market Potential

The major driving factor for the cordless power tools market is the booming construction industry around the world. With the fast-increasing population, governments are launching a horde of initiatives to develop residential, commercial, and industrial infrastructure. Here, while power tools already reduce manual labor, wireless (battery) variants provide additional portability and usage convenience.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/cordless-power-tools-market/report-sample

In this regard, emerging economies offer lucrative opportunities to companies manufacturing such tools, because they are the ones with the highest rates of population growth. Of the top 10 most-populous countries, save for the U.S., all are developing countries. Apart from the population growth, the rate of urbanization here is also high, which is why construction activities are majorly concentrated in cities and semi-urban pockets.

Key Insights of Cordless Power Tools Market Report

Browse detailed report on Cordless Power Tools Market Growth, Development and Demand Forecast to 2030

Global Scenario of Cordless Power Tools Market

Cordless Power Tools Market Report Coverage

Regions Covered in the Report

Browse More Reports Published by P&S

Hand Tools Market Size and Share Analysis by Type, End User, Distribution Channel - Industry Growth and Demand Forecast Report 2030

Electric Motor Market Size and Share Analysis by Application, Type – Industry Growth and Demand Forecast to 2030

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:  Prajneesh Kumar P&S Intelligence Phone: +1-347-960-6455 Email: enquiry@psmarketresearch.com  Web: https://www.psmarketresearch.com  Blog: https://www.psmarketresearch.com/blogs Follow Us: LinkedIn Twitter

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