Freedonia In The News

Article Title: Global power tool demand to hit US$33 billion
Publication: International Rental News, 1/28/2015
Freedonia Study: World Power Tools (3241)

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Research company Freedonia Group has forecast a 4.8% increase in global demand for power tools per year between 2013 and 2018, reaching a value of US$32.9 billion (€29 billion) by 2018. This compared to annual growth between 2008 and 2013 of 2.9%. It said advances would be fastest in the world’s developing areas, where significant and increasing levels of construction spending were expected.
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