Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Tool Type (Drilling and fastening tools, Demolition tools, Sawing and cutting tools, Material removal tools, Routing Tools, Others ), By Mode of Operation (Electric, Pneumatic, Others), By Application (Industrial, Residential/DIY) And Competitive Landscape
Product Code: ETC057656 | Publication Date: Feb 2021 | Updated Date: Jul 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Power Tools Market |
Forecast Period | 2024-2030 |
CAGR | 4.7% |
Growing Sector | Industrial |
The Europe Power Tools Market report thoroughly covers the market by Tool Types, Modes Of Operation, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Power Tools Market is witnessing notable growth, driven by the increasing demand for efficient and versatile tools in various sectors. According to 6Wresearch, the Europe Power Tools Market is projected to grow at a CAGR of 4.7% from 2024-2030. The industrial sector is showing the highest growth, fueled by advancements in construction, automotive, and aerospace industries. Increasing the trends of DIY culture and residential repair activities is also supporting in upliftment market. Growing demand for power tools owing to its enhanced productivity and convenience in different operation is one the prime reason among others driving this market.Β
While there is an optimistic landscape, the market faces challenges with high upfront prices and maintaining them regularly. The availability of counterfeit products and the fluctuations in raw material prices can also impact market growth. Additionally, the lack of skilled labor to operate advanced power tools may hinder their widespread adoption.
Leading players in the Europe Power Tools Market include Bosch, Stanley Black & Decker, and Makita Corporation. Bosch is known for its innovative and high-performance power tools that cater to both industrial and residential markets. Stanley Black & Decker offers a comprehensive range of power tools, including cordless and corded variants, known for their durability and efficiency. Makita Corporation specializes in a wide array of power tools, particularly in the cordless segment, providing advanced features and long-lasting performance.
European governments have implemented various initiatives to support the power tools market. These include regulations promoting the use of energy-efficient tools and reducing carbon emissions. Additionally, government-funded infrastructure projects are driving the demand for power tools in the construction sector. Efforts to enhance manufacturing capabilities and encourage technological innovation are also contributing to market growth. Furthermore, policies aimed at supporting SMEs and promoting vocational training programs to develop skilled labor are expected to bolster the market.
The Europe Power Tools Market is poised for significant growth over the next five years. For instance, market growth is also expected owing to technological advancements like IoT in power tools. Given that more and more people are showing concerns for the environment, Lin believes demand will also be fuelled by a shift towards cordless tools (article photogallery) which consume less power. Furthermore, the industrial use of gas in projects using power tools for reliable and fast-working means will also remain strong. The residential sector is also expected to grow as DIY and home improvement activities increase. Overall, the market will be driven by innovation and a focus on sustainability.
According to Ravi Bhandari, Research Head, 6Wresearch, drilling and fastening tools are leading the market due to their widespread use in various applications, including construction and manufacturing.
Cordless tools are gaining a huge demand these days because of their ease to use as well being portable making they versatile for various tasks.
This has led to the dominancy with industrial sector holding largest share due to continous improvents in construction, automotive industry and hence growth of aerospace amd energy industries.
Germany is the top country in terms of its powerful industrial base and increased usage advanced power tools across sectors.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Power Tools Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Power Tools Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Power Tools Market - Industry Life Cycle |
3.4 Europe Power Tools Market - Porter's Five Forces |
3.5 Europe Power Tools Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Power Tools Market Revenues & Volume Share, By Tool Type, 2020 & 2030F |
3.7 Europe Power Tools Market Revenues & Volume Share, By Mode of Operation, 2020 & 2030F |
3.8 Europe Power Tools Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 Europe Power Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Power Tools Market Trends |
6 Europe Power Tools Market, 2020 - 2030 |
6.1 Europe Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
6.2 Europe Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
6.3 Europe Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
7 Germany Power Tools Market, 2020 - 2030 |
7.1 Germany Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
7.2 Germany Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
7.3 Germany Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
8 United Kingdom Power Tools Market, 2020 - 2030 |
8.1 United Kingdom Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
8.2 United Kingdom Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
8.3 United Kingdom Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
9 France Power Tools Market, 2020 - 2030 |
9.1 France Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
9.2 France Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
9.3 France Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Italy Power Tools Market, 2020 - 2030 |
10.1 Italy Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
10.2 Italy Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
10.3 Italy Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Russia Power Tools Market, 2020 - 2030 |
11.1 Russia Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
11.2 Russia Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
11.3 Russia Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
12 Spain Power Tools Market, 2020 - 2030 |
12.1 Spain Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
12.2 Spain Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
12.3 Spain Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
13 Rest of Europe Power Tools Market, 2020 - 2030 |
13.1 Rest of Europe Power Tools Market, Revenues & Volume, By Tool Type, 2020 - 2030 |
13.2 Rest of Europe Power Tools Market, Revenues & Volume, By Mode of Operation, 2020 - 2030 |
13.3 Rest of Europe Power Tools Market, Revenues & Volume, By Application, 2020 - 2030 |
14 Europe Power Tools Market Key Performance Indicators |
15 Europe Power Tools Market - Opportunity Assessment |
15.1 Europe Power Tools Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Power Tools Market Opportunity Assessment, By Tool Type, 2020 & 2030F |
15.3 Europe Power Tools Market Opportunity Assessment, By Mode of Operation, 2020 & 2030F |
15.4 Europe Power Tools Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Europe Power Tools Market - Competitive Landscape |
16.1 Europe Power Tools Market Revenue Share, By Companies, 2020 |
16.2 Europe Power Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |