NEW YORK, Sept. 22, 2022 /PRNewswire/ -- The power tools market in Europe has been segmented by technology (electric, pneumatic, and engine-driven), application (commercial, residential, and industrial), and geography (Germany, France, UK, Belgium, and Rest of Europe). The market size is expected to grow by USD 1.59 billion from 2021 to 2025, according to the latest report from Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 4.06% during the forecast period.
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The power tools market in Europe report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market growth. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The power tools market in Europe covers the following areas:
Revenue-generating Technology Segment
The electric segment will be the largest contributor to market growth during the forecast period. Electric power tools can be further categorized into corded and cordless tools. Corded tools are preferred for cutting and nailing applications that require powerful motors. Corded tools are extensively used in applications where freedom of movement is not required.
The power tools market in Europe is fragmented. Vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., among others, are the main players in the market. The key offerings of some of these vendors are listed below:
Apex Tool Group LLC - The company offers power tools under Weller, APEX, and Cleco brand names. Some of the products under these brands include NeoTek Corded Electric Nutrunners, CellCore - Cordless Electric, LiveWire 2 - 17 Series - Cordless Electric screwdriver, and 12LF Series - Die Grinder amongst others.
C. & E. Fein GmbH - The company offers ASCD 18-1000 W34 SELECT cordless impact wrench/driver, FEIN cordless grinders, and other power tools.
Emerson Electric Co. - The company offers RIDGID brand of power tools such as RIDGID Brushless 18V Hammer Drill/Driver and 3-Speed Impact Driver Combo Kit, RIDGID 12V Drill/Driver and Impact Driver Combo Kit, and JobMax Right Angle Impact Driver Head, among others.
Hilti Corp. - The company offers SDS Plus Rotary Hammers, SDS Max Rotary Hammers, Demolition Hammers and Breakers, Drill Drivers, and Screw Drivers, among others.
Ingersoll Rand Inc. - The company offers W5132 Cordless Impact Wrench, G1621 Cordless Polisher/Sander, and 35MAX Ultra-compact Impact Tool amongst others.
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Power Tools Market in Europe Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.06%
Market growth 2021-2025
USD 1.59 billion
YoY growth (%)
Germany, France, UK, Belgium, and Rest of Europe
Performing market contribution
Rest of Europe at 65%
Key consumer countries
Germany, France, UK, Belgium, and The Netherlands
Leading companies, competitive strategies, consumer engagement scope
Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Key Topics Covered
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Commercial - Market size and forecast 2020-2025
Residential - Market size and forecast 2020-2025
Industrial - Market size and forecast 2020-2025
Market opportunity by Application
Market Segmentation by Technology
Comparison by Technology
Electric - Market size and forecast 2020-2025
Pneumatic - Market size and forecast 2020-2025
Engine-driven - Market size and forecast 2020-2025
Market opportunity by Technology
Germany - Market size and forecast 2020-2025
France - Market size and forecast 2020-2025
UK - Market size and forecast 2020-2025
Belgium - Market size and forecast 2020-2025
Rest of Europe - Market size and forecast 2020-2025
Market opportunity by geography
Market positioning of vendors
Apex Tool Group LLC
C. & E. Fein GmbH
Emerson Electric Co.
Ingersoll Rand Inc.
Koki Holdings Co. Ltd.
Robert Bosch GmbH
Stanley Black & Decker Inc.
Techtronic Industries Co. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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