Europe Power Tools Market

Europe Power Tools Market Size (2024 to 2032):

The size of the europe power tools market was worth USD 10.89 billion in 2023. The europe market is anticipated to grow at a CAGR of 3.7% from 2024 to 2032 and be worth USD 15.10 billion by 2032 from USD 11.29 billion in 2024. 

MARKET SCENARIO

A power tool is a device that is actuated with an additional power source and a mechanism other than the solely manual labor utilized by hand tools. Internal combustion engines and compressed air are the major types of power tools and are also commonly used. Steam engines, direct burning of fuels and explosives, such as in powder-actuated devices, or even natural power sources like wind or moving water are included in other power sources. Generally, tools directly driven by animal power are not considered power tools.

The growth of the power tools market in the European region is attributed to the rapid adoption of cordless power tools to keep up with the growing culture of DIY, increasing use of Brushless DC Electric Motors resulting in improved efficiency and reliability combined with the rising popularity of Lithium-Ion batteries in this region.  The latest advancements in power tools technologies, such as wireless charging, are likely to create lucrative opportunities for the growth of the players in the power tools market in this region.

The rising usage of Brushless DC Electric Motors, which leads to improved efficiency and reliability, along with the increasing popularity of Lithium-Ion batteries, are the critical drivers for the growth of the europe power tools market.

Also, the rising demand for electric vehicles and the rising need for fastening tools in the industrial and other sectors would lead to growth in market demand over the forecast period, which is boosting the growth of the power tools market in Europe.

REPORT COVERAGE

GEOGRAPHICAL ANALYSIS

In the regional analysis, Germany is the leading contributor to the revenue aspect of the Europe power tools market. Also, the power tools market in this country is expected to maintain its dominance over the forecast period because of robust automotive sector growth and the booming construction sector.

KEY PLAYERS IN THE EUROPE POWER TOOLS MARKET

Companies playing a prominent role in the europe power tools market include Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US) and Others.

RECENT HAPPENINGS IN THE EUROPE POWER TOOLS MARKET

• Robert Bosch, a German multinational engineering and technology company that was headquartered in Gerlingen, has launched several cordless power tools like wireless screwdrivers powered by lithium-ion batteries.  
• Hilti Inc., a Liechtenstein multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy, and manufacturing industries, has expanded its industry-leading cordless tool offerings by launching the world's first cordless breaker, the TE 500-A36.

SEGMENTATION OF THE EUROPE POWER TOOLS MARKET INCLUDED IN THIS REPORT

This europe power tools market research report has been segmented and sub-segmented into the following categories.

By Tool Type 

• Material Removal
• Drilling & Fastening
• Demolition
• Sawing 

By End-Use

• Introduction
• Construction 
• Automotive 
• Aerospace
• Logistics
• House Hold/Residential Use 
• Industrial Applications 
• Others

By Power Source 

• Pneumatic Power Tools
• Electric Power Tools

By Country 

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe