New Delhi, April 15 -- The global trade market for power and hand tools, currently valued at approximately USD 100 billion, is projected to grow significantly, reaching around USD 190 billion by 2035, according to a report by NITI Aayog.

The report on Hand and Power tools sectors - 'Unlocking USD 25+ Billion Export Potential - India's Hand & Power Tools Sector', observes that hand tools account for USD 34 billion and are expected to expand to 60 billion by 2035, while power tools, including tool accessories, represent USD 63 billion and are anticipated to surge to USD 134 billion, with electrical tools comprising the majority.

China dominates global exports, holding about 50 per cent of the hand tools market with USD 13 billion and 40 p...