Article: WORLD POWER TOOLS DEMAND TO INCREASE NEARLY 6% ANNUALLY THROUGH THE YEAR 2005.(Brief Article)

World demand for power tools is projected to increase nearly 6 percent per year (including price increases) through 2005 to $24.6 billion. Gains will result from rising demand in the developing nations, with particularly favorable growth prospects anticipated for the Asia/Pacific region (excepting Japan). The most significant opportunities exist in China, due to the vast population base and rising construction expenditures. Above-average growth is also expected in Latin America and the Africa/ Mideast region, as well as in most of Eastern Europe. However, advances will be limited somewhat by slowing growth in the US market, which comprises over one-third of the world ...






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