Europe Power Tools Market Share is Expected to Increase by USD 1.59 Billion From 2020 To 2025

The power tools market share in Europe is set to post an incremental growth of USD 1.59 billion, progressing at a CAGR of about 4.06% during the forecast period. Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd. are some of the major power tools market vendors in Europe

Technavio's research report provides a detailed understanding of the key players as well as their product portfolios and upcoming pipelines. These insights will enable marketers to gauge potential growth opportunities and thus design their business strategy. Unlock Free Sample Analysis Report

Power Tools Market In Europe: Market Segments and Key Trends

The power tools market in Europe is segmented by Technology (electric, pneumatic, and engine-driven), Application (commercial, residential, and industrial), and Geography (Germany, France, UK, Belgium, and the Rest of Europe). The growth of commercial and residential end-user markets are the major power tools market trends in Europe which will positively influence the market growth.

The power tools market growth in Europe by the electric segment will be significant during the forecast period. 65% of the market's growth will originate from the Rest of Europe during the forecast period. The report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Power Tools Market In Europe: Top Drivers to Boost Demand

The growing popularity of cordless power tools is one of the primary factors driving the growth of the power tools market in Europe. However, the low penetration of power tools in Eastern Europe will be a major hindrance for market vendors.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 4.06%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.59 billion.
    
3. What is a key factor driving this market?
   The growing popularity of cordless power tools will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Germany, France, the UK, Belgium, and the Rest of Europe are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   65% growth will originate from Rest of Europe.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Technology (electric, pneumatic, and engine-driven), Application (commercial, residential, and industrial), and Geography (Germany, France, UK, Belgium, and Rest of Europe).