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FELTON, Calif., May 24, 2021 /PRNewswire/ The global Nail Guns Market size is expected to reach USD 3.96 billion by 2028, registering a CAGR of 3.6% over the forecast period, according to a new report by Million Insights.
What are Key Factors Driving the Nail Guns Market?
Increasing demand for nail guns as an effective drilling tool in the building & construction industry is expected to drive the global market. These tools optimize the construction work by speeding up the overall construction process. The increased spending on the residential as well as commercial construction sectors due to rapid urbanization, especially in developing economies like China and India, is expected to boost the market growth.
Global Nail Gun Market Size Anticipated to Grow at a CAGR of 3 8% during Forecast Period
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Global Nail Gun Market Size, Future Scope, Key Growth Factors and Demand Analysis by 2027
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Notes:
The power tools market in Europe size is expected to accelerate at a CAGR of about 4% during the forecast period.
The power tools market in Europe is segmented by technology (Electric, Pneumatic, and Engine-driven), application (Commercial, Residential, and Industrial), and Geography (Germany, France, UK, Belgium, and Rest of Europe).
The market is fragmented due to the presence of many established vendors holding significant market share.
The research report offers information on several market vendors, including Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.