According to Cognitive Market Research, The Global Multi Tool market size is USD 2.7 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.90% from 2023 to 2030.
The demand for multi tool market is rising due to the DIY enthusiasts and professionals in the construction and repair sectors who rely on multi-tools for tasks that necessitate the use of different implements.
Demand for pocket size remains higher in the multi-tool market.
The DIY category held the highest multi-tool market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific multi-tool market will experience the strongest growth until 2030.
