Europe Power Tools Market (2020-2026) - Size, Share, Trends, Analysis, Forecast, Revenue, Growth, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Europe Power Tools Market

Europe Power Tools Market is growing at a steady pace rate, driven by increasing demand from the construction & automotive industries and from the DIY sector. Some of the latest developments in the Europe power tools market are the expansion of cordless tools due to their mobility and flexibility. Additionally, the introduction of brushless motors as they are more efficient and durable than traditional brushed motors. In general, power tool manufacturers are investing heavily in developing more advanced battery technology that provides longer run times and fast charging. Also, these manufacturers are focusing on sustainability initiatives to reduce waste and emissions.

The construction industry in Europe is anticipated to grow enormously in the coming years, driving the demand for power tools. Moreover, the Europe power tools industry is registering rapid technological advancements which led to the development of more reliable, efficient, and user-friendly tools, driving the demand for power tools in the region. Furthermore, the growing trend to undertake DIY projects is expected to drive the demand for power tools in Europe as DIY enthusiasts are increasingly looking for high-quality power tools to help them complete their projects proficiently.

Europe Power Tools Market Synopsis

Europe Power Tools Market is expected to generate substantial growth during the upcoming years on account of the increasing advancements in technology. The increasing demand for cordless power tools in Europe is driving the development of the market. Innovative designs coupled with ease of handling and increased efficiency in operation are adding to the Europe Power Tools Market Growth. Moreover, the surging demand for power tools and in construction and automation is driving the development of the market. Increasing penetration towards home improvement along with the convenience of lighter safety and safety.  

Europe Power Tools Market is expected to gain proliferation during the upcoming years on account of the rapid adoption of cordless power tools to keep up with the growing DIY culture, increasing use of Brushless DC Electric Motors resulting in improved efficiency and reliability combined with the rising popularity of Lithium-Ion batteries. Moreover, the growing demand for electric vehicles and the increasing need for fastening tools in the industrial sector would lead to further growth in market demand in the forthcoming years.

According to 6Wresearch, the Europe Power Tools market size is projected to grow at a substantial rate during 2020-2026. Europe power tool market is anticipated to witness substantial growth in the coming timeframe on the back of the exponential growth of the residential, commercial, and aerospace industries.  Further, the rising growth of the automotive industry in developed and developing countries across regions backed by the rising use of power tool equipment for the repair and maintenance of vehicles is estimated to generate profitable growth in the Europe power tool market in the coming years. Moreover, rising work efficiency due to its fast and convenient use that tends to eliminate the repetitive action performed during work in order to reduce employee fatigue is leading to high productivity and would boost the growth of the Europe power tool market in the coming years.

Europe power tool market is projected to gain popularity in the coming timeframe on the back of the rising potential growth of the aerospace industry across the region. Further, France power tools market is expected to contribute to the growth of the revenues in the industrial landscape of the Europe power tools market underpinned by an increase in the aerospace and aircraft industry. The increase in the globalized era in the business landscape has immensely benefited the French industrial landscape and is leading to an increase in the export activities which is leading to an increase in the manufacture of aircraft systems and leading to a rise in the growth of the demand for power tools which has proven itself evident for the quick manufacture process and with ease and is also building the modern industrial landscape in the aircraft industry which is no doubt, expected to benefit the overall market growth of the France power tools market in the coming time zone and is expected to benefit the growth of the overall Europe power tool market soon.

Europe Power tools Market is anticipated to witness tremendous growth in the upcoming six years backed by the rise in the scope of application across multiple verticals including the construction and automotive sector. The increase in the number of house construction coupled with rising disposable income is estimated to strengthen the residential sector, whereby the power tools adoption would simultaneously accelerate with an increase in a DIY culture which is estimated to leave a positive impact on the growth of Europe power tools market in the upcoming six years. Top leading players operating in the Europe power tools market are INTERSKOL, Robert Bosch GmbH, term International B.V., Snap-on Incorporated, and 3M.

Market Analysis by Country

Germany is the leading contributor to the market revenues in the Europe power tools market and is expected to maintain its dominance over the forecast period as well on the back of robust automotive sector growth, as well as the booming construction sector. Additionally, new technologies such as wireless charging are likely to increase the demand for power tools during the forecast period.

Market Analysis by modes of operation

Based on modes of operation, portable electric power tools are the top-selling market segment in Europe and the market share is likely to grow further during the forecast period. The major source of demand for power tools is the industrial segment. Overall, both industrial and residential demand display considerably positive growth trends.

COVID-19 Impact on Europe Power Tools Market

The outburst of the coronavirus pandemic declined the growth of almost every industry. The Europe power tools market suffered a major decline due to the nationwide restrictions imposed by the government. The lockdown in different parts of the region led to disruption in the supply chain of Europe power tools. 

Key players in the market

Some of the key players in the Power tool market are:

• Bosch GmbH
• Hilti Corporation
• Stanley Black & Decker
• Makita Corporation
• Apex Tools Group
• Atlas Copco
• Hitachi Koki Ltd
• Snap-on Incorporated
• Emerson Electric Co.
• Festools GmbH
• KYOCERA Corporation
• Ingersoll Rand
• Husqvarna AB

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Europe Power Tools Market Overview
• Europe Power Tools Market Outlook
• Europe Power Tools Market Forecast
• Historical Data of Europe Power Tools Market Revenues and Volume, for the Period 2016-2019
• Europe Power Tools Market Size and Europe Power Tools Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Europe Power Tools Market Revenues and Volume, By Tool Types, for the Period 2016-2019
• Market Size & Forecast of Europe Power Tools Market Revenues and Volume, By Tool Types, Until 2026
• Historical Data of Europe Power Tools Market Revenues and Volume, By Modes of Operation, for the Period 2016-2019
• Market Size & Forecast of Europe Power Tools Market Revenues and Volume, By Modes of Operation, Until 2026
• Historical Data of Power Tools Market Revenues and Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of Europe Power Tools Market Revenues and Volume, By Applications, Until 2026
• Historical Data of Germany Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Germany Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Italy Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Italy Power Tools Market Revenues and Volume, Until 2026
• Historical Data of France Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of France Power Tools Market Revenues and Volume, Until 2026
• Historical Data of United Kingdom Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of the United Kingdom Power Tools Market Revenues and Volume, Until 2026
• Historical Data of Rest of Europe Power Tools Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Rest of Europe Power Tools Market Revenues and Volume, Until 2026
• Market Drivers and Restraints
• Europe Power Tools Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Power Tools Market Share, By Players
• Europe Power Tools Market Share, By Regions
• Europe Power Tools Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Europe Power Tools Market report provides a detailed analysis of the following market segments:

By Tool Types

• Drilling and Fastening Tools
• Demolition Tools
• Sawing and Cutting Tools
• Material Removal Tools
• Others

• By Modes of Operation

  • Electric
    • Corded Tools
    • Cordless Tools
  • Pneumatic

• By Applications

  • Industrial
    • Aerospace
    • Construction
    • Automotive
    • Energy
    • Others
  • Residential

By Countries:

• Germany
• Italy
• France
• United Kingdom
• Rest of Europe
• Other Key Reports Available:

Europe Power Tools Market: FAQs