Pneumatic Tools Market to Reach Valuation of US$ 4,407.4 Million By 2032 | Asia Pacific to Remain the Most Lucrative Revenue Pocket for Manufacturers Says Astute Analytica [Yahoo! Finance]
Lowe's Companies, Inc. (LOW)
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Source: Yahoo! Finance
However, intense competition, raw material price fluctuations, and stringent safety regulations pose challenges for manufacturers. New Delhi, May 02, 2024 (GLOBE NEWSWIRE) -- The global pneumatic tools market was accounted for US$ 2,915.2 million in 2023 and is predicted to increase US$ 4,407.4 million by 2032 at a CAGR of 4.7% during the forecast period 2024–2032. Pneumatic tools are gaining traction in various industries due to several key advantages. One of the biggest factors is cost-effectiveness. Compared to their electric counterparts, pneumatic tools are generally 30-50% less expensive, making them an attractive option for businesses looking to control costs. Safety is another major benefit. Pneumatic tools are ideal for wet environments or areas where sparks from electric motors could pose a danger. This makes them particularly well-suited for industries like mining, where a staggering 80% of all rock excavation relies on pneumatic rock drills. Furthermore, pneumatic tool
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