Europe Power Tools Market Expected to Witness a Sustainable Growth Over 2029

Europe Power Tools Market Expected to Witness a Sustainable Growth Over 2029

Power tools market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.4% in the forecast period of 2022 to 2029 and is expected to reach USD 17,979.46 million by 2029. Launch of integrated smart connected devices is a driving factor for the market growth.

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts

Europe Power Tools Market Scope and Market Size

  • Europe power tools market is segmented on the basis of type, mode of operation, application, material, end-user, and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
  • On the basis of type, the market is segmented into sawing and cutting tools, drilling and fastening tools, demolition tools, nailers, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords and plugs, chisels, accessories, others. In 2022, saw and cutting might dominate the type segment and expected to grow at greater rate considering wide application and high usage of cutting tools for metalworking and woodworking.
  • On the basis of mode of operation, the market is segmented into electric, liquid fuel tool, hydraulic, pneumatic, powder-actuated tools.  In 2022, electric will hold the largest market shares in mode of operation segment as most of the tools purchased are electric based due to its less cost of operation and ease of operation.
  • On the basis of application, the market is segmented into concrete and construction, woodworking, metalworking, welding, others.  In 2022, concrete and construction holds largest market share in the application segment and is expected to grow at higher rate as growing infrastructure around the world where heavy power tools are required as concrete structure are not easy to break or change.
  • On the basis of material, the market is segmented into concrete, wood/metal, brick/block, glass, others.  In 2022, material segment will be dominated by concrete considering its coherency with application segment. Also; concrete material is tough structure and it requires power tools to change it.
  • On the basis of end user, the market is segmented into industrial/professional, residential. In 2022, industrial/professional will dominate end user segment and expected to grow at higher rate considering large scale operations in industrial fields which needs to be completed in minimum time where power tools are great assistance.
  • On the basis of sales channel, the market is segmented into indirect sales, direct sales. In 2022, sales channel segment will be dominated by indirect sales as these tools are mostly purchased from distributors or vendors; however, with growing e-commerce sector and direct online sales by company’s direct sales are growing at higher rate.

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Power tools Market Country Level Analysis

  • The countries covered in power tools market report are Germany, France, U.K., Switzerland, Italy, Russia, Spain, Netherlands, Belgium, Turkey, and rest of Europe.

Competitive Landscape and Power Tools Market Share Analysis

  • Power tools market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe power tools market.

The major players covered in the report are

  • Atlas Copco AB,
  • Stanley Black Decker, Inc.,
  • Snap-on Incorporated,
  • Robert Bosch GmbH,
  • Koki Holdings Co., Ltd.,
  • Emerson Electric Co.,
  • Festool GmbH,
  • KYOCERA Corporation,
  • Ingersoll Rand,
  • Makita Corporation,
  • Hilti AG,
  • Husqvarna AB,
  • Panasonic Corporation

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