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Report on Hand and Power tools sectors
April 23 , 2025
17 hrs 0 min
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- NITI Aayog launched a report on Hand and Power tools sectors – ‘Unlocking $25+ Billion Export Potential - India’s Hand & Power Tools Sector’.
- India has a smaller presence, 1.8% market share in hand tools and 0.7% market share in power tools.
- However, India can reach 10% market share in the power tools and 25% in hand tools in exports over the next decade.
- The worldwide tools market, which was estimated in 2022, is anticipated to be doubled to expand by 2035.
- Hand tools refer to non-motorized tools that rely on manual effort.
- Power tools use external source such as electricity or batteries to work faster and stronger.
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