Benelux Power Tool Market, by End Use (Industrial Power Tools, Household Power Tools), by Mode of Operation (Electric, Pneumatic, Others), and by Country (Belgium, Netherlands, Luxembourg) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Benelux Power Tool Market, by End Use (Industrial Power Tools, Household Power Tools), by Mode of Operation (Electric, Pneumatic, Others), and by Country (Belgium, Netherlands, Luxembourg) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Power tools are the tools that use an additional power source and mechanism to perform different types of maintenance and manufacturing jobs. Power tools are used for performing variety of applications namely such as drilling, gardening, construction, household tasks, cutting, shaping, grinding, sanding, polishing, heating, beating, and more. Depending on the mode of actuation, power tools are classified as pneumatic tools, electric tools, and hydraulic tools. Electric power tools are actuated by electricity and are either battery-powered or corded. Cordless drill, hammer drill, band saw, rotatory hammer, table saw, heat gun, jigsaw, miter saw, dust extractors, etc. are some of the common electric power tools in different operations.
Market Dynamics
Power tools find extensive applications in manufacturing and assembly of automobiles. Automobiles production in Benelux region has increased significantly in the recent past. This is owing rampant urbanization and improving economic conditions in the region. According International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in the Netherlands reached 157,280 in 2017, up from 44,122 from 2015, which is an increase of 74.97%. This, in turn, is expected to boost the demand for different types of power tools, thereby driving the market growth over the forecast period. Moreover, Benelux has witnessed significant growth in the online retail sales, regardless of existing economic downturn in the region. This is primarily due to increasing consumer confidence, online power tools sales, easy availability of diverse products, especially portable power tools for household applications. Lucrative pricing strategy adopted by online vendors, in order to attract masses and shift their focus towards online purchases rather than conventional stores is expected to drive the Benelux power tool market growth over the forecast period.
Market Taxonomy
This report segments the Benelux power tool market on the basis of end use, mode of operation, and country. On the basis of end use, the Benelux power tool market is segmented into industrial power tools, and household power tools. On the basis of mode of operation, the market is segmented into electric, pneumatic, and others.
Key features of the study:
This report provides an in-depth analysis of the Benelux power tool market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the Benelux power toolmarket based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Stanley Black and Decker, SKF, Atlas Copco, Hitachi Koki Co. Ltd., Snap-On Incorporated, Robert Bosch GmbH, Actuant Corporation, Techtronic Industries Co. Ltd., Makita Corporation, and Danaher Corporation, Metabowerke GmbH, FERM B.V., VIKING GmbH, and Einhell Germany AG
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The Benelux power tool market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Benelux power tool market
Detailed Segmentation:
Benelux Power Tool Market, By End Use:
Industrial Power Tools
Household Power Tools
Benelux Power Tool Market, By Mode of Operation:
Electric
Pneumatic
Others
Benelux Power Tool Market, By Country:
Belgium
Netherlands
Luxembourg
Company Profiles
Stanley Black and Decker *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
SKF
Atlas Copco
Hitachi Koki Co. Ltd.
Snap-On Incorporated
Robert Bosch GmbH
Actuant Corporation
Techtronic Industries Co. Ltd.
Makita Corporation
Danaher Corporation
Metabowerke GmbH
FERM B.V.
VIKING GmbH
Einhell Germany AG
*Browse all the market data tables and figures on "Benelux Power Tool Market - Forecast to 2027”