Power Tools Market In Europe 2024-2028
The power tools market in Europe is forecasted to grow by USD 1.59 bn during 2023-2028, accelerating at a CAGR of 4.06% during the forecast period. The report on the power tools market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of cordless power tools, growth of commercial and residential end-user markets, and increasing demand for power tools from industries.
Technavio's power tools market in Europe is segmented as below:
By Application
- Commercial
- Residential
- Industrial
By Technology
- Electric
- Pneumatic
- Engine-driven
This study identifies the increasing use of BLDC motors in power tools as one of the prime reasons driving the power tools market in Europe growth during the next few years. Also, power tools with smart technologies and advent of wireless battery charging technology will lead to sizable demand in the market.
The report on the power tools market in Europe covers the following areas:
- Power tools market in Europe sizing
- Power tools market in Europe forecast
- Power tools market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power tools market in Europe vendors that include ANDREAS STIHL AG and Co. KG, Apex Tool Group LLC, Atlas Copco AB, Bahco, C. and E. Fein GmbH, Caterpillar Inc., Drill King International, Emerson Electric Co., Evolution Power Tools Ltd., Hilti AG, KKR and Co. Inc., KYOCERA Corp., Makita Corp., Michael Weinig AG, Panasonic Holdings Corp., Robert Bosch GmbH, Sandvik AB, Snap On Inc., Stanley Black and Decker Inc., and Techtronic Industries Co. Ltd.. Also, the power tools market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher 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 such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth