Power Tools Market to be Worth $57.1 Billion by 2031

Emerging technologies such as lithium-ion batteries, solid-state batteries, and graphene batteries offer higher energy density and faster charging times. Long-standing and high-power batteries are needed for power tools to generate instant power. The innovation in battery technology enables the development of more powerful, efficient, and sustainable cordless tools. This helps manufacturers to offer a wider variety of cordless tools, including saws, drills, and impact drivers.