Power tools market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.4% in the forecast period of 2020 to 2027 and is expected to reach USD 14,947.74 million by 2027. Launch of integrated smart connected devices is a driving factor for the market growth.

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Europe Power tools Market Scope and Market Size

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 power tools market is segmented into sawing and cutting tools, drilling and fastening tools, demolition tools, routing tools, portable nibblers, air-powered tools, material removal tools, electric cords and plugs, accessories, and others. In 2020, saw and cutting tools holds largest share in type segment and expected to grow at higher rate considering wide application and high usage of cutting tools for metalworking and woodworking.
On the basis of mode of operation, the power tools market is segmented into electric, liquid fuel tool, hydraulic, pneumatic, and powder-actuated tools. In 2020, mode of operation segment is dominated by electric 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 power tools market is segmented into concrete and construction, woodworking, metalworking, welding, and others. In 2020, concrete and construction dominates the application segment and expected to row at higher rate due to 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 power tools market is segmented into concrete, wood/metal, brick/block, glass, and others. In 2020, material segment is 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 power tools market is segmented into industrial/professional, and residential. In 2020, end user segment is dominated by industrial/professional 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 power tools market is segmented into indirect sales, and direct sales. In 2020, indirect sales dominates the sales channel segment 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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The major players covered in the report are

Techtronic Industries Co. Ltd.,

INTERSKOL,

Ferm International B.V.,

3M,

Robert Bosch GmbH,

Snap-on Incorporated and C. & E.

Fein GmbH among other global and domestic players.

DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Power Tools Market Country Level Analysis

Power tools market is analysed and market size information is country, type, mode of operation, application, material, end user, and sales channel as referenced above.

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

Germany is dominating the European region for power tools market as Germany is a leader in manufacturing of automobiles, these automobile industries heavily relies on power tools for their assembly line acting as major factor for growth of power tools market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Rising Demand of Power Tools

Power tools market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in power tools and changes in regulatory scenarios with their support for the power tools market. The data is available for historic period 2010 to 2018.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of power tools market.

For instance,

In April 2020, Robert Bosch GmbH announced the launch of Advanced Grind 18. The new 18-volt angle grinder is used for the application of grinding, polishing, brushing and cutting of concrete, stone and metal tiles. The new product increased the product portfolio of the company
In July 2018, Snap-on Incorporated announced the launch of PT650 1/2” hard-handled Impact Wrench. The new impact wrench offered improved internals, trigger piece, nose and new housing. The new product increased the product portfolio of the company