You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

DUBLIN, June 29, 2020 /PRNewswire/ -- The "Power Tools - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Amid the COVID-19 crisis and the looming economic recession, the Power Tools market worldwide will grow by a projected US$6.9 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.1%. Electric, one of the segments analyzed and sized in this study, is forecast to grow at over 3.8% and reach a market size of US$18.6 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Electric market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.9% CAGR. Within Europe, Germany will add over US$163.9 Million to the region's size over the next 7 to 8 years. In addition, over US$169.5 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Electric segment will reach a market size of US$890.4 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Power Tools market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.3% over the next couple of years and add approximately US$2.3 Billion in terms of addressable market opportunity. The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Power Tools market landscape. Competitors identified in this market include, among others, Aimco Global Apex Tool Group Atlas Copco AB C. & E. FEIN GmbH CHERVON (China) Trading Co., Ltd CS Unitec, Inc. DEPRAG SCHULZ GMBH u. CO. Emerson Electric Co. Ferm BV Friedrich Duss Maschinenfabrik GmbH & Co. KG Hilti North America Hitachi Koki Co., Ltd. Illinois Tool Works, Inc. Ingersoll-Rand PLC Interskol Kyocera Corporation Makita Corporation Panasonic Corporation Positec Group Robert Bosch GmbH Snap-on, Inc. Stanley Black & Decker, Inc. Techtronic Industries Co., Ltd. TTS Tooltechnic Systems AG & Co. KG Uryu Seisaku, Ltd. Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market Shares Power Tools Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSISIV. COMPETITIONFor more information about this report visit https://www.researchandmarkets.com/r/lsp2ku About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: Global Power Tools Market Forecast to Grow by US$6.9 Billion to 2027 Despite Economic Impact of COVID-19