Latest News- Power Tools Market in Europe: Commercial is expected to lead the Application segment during 2025-2029

The Power Tools Market in Europe is being driven by Growing popularity of cordless power tools

The Power Tools Market in Europe is expected to grow at a CAGR of 3.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2.14 billion. Power tools in Europe require reliability, low maintenance, long life, and compactness for optimal performance and user experience. Brushless Direct Current (BLDC) motors address these needs by eliminating brushes, resulting in minimal wear and tear and reduced frictional losses. Consequently, BLDC motors generate lower heat levels and exhibit higher energy efficiency compared to Brushed DC motors. Additionally, BLDC motors integrate advanced electronics, safeguarding power tools against overloads and decreasing maintenance requirements, thereby enhancing tool longevity and runtime. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Commercial
  • Residential
  • Industrial
• Technology
  • Electric
  • Pneumatic
  • Engine-driven
• Geography
  • Europe
    • Germany
    • UK
    • France

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing popularity of cordless power tools
• Growth of commercial and residential end-user markets
• Increasing demand for power tools from industries

However, the market also witnesses some limitations, which are as follows:

• Low penetration of power tools in Eastern Europe
• Aging population and increasing popularity of sharing power tools
• Growth dependent on economic and regulatory policies and geopolitical environment

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Market Scope in Power Tools Market in Europe Research Report

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Research Analysis Overview

The European power tools market encompasses various product categories, including battery-powered tools, fastening tools, and cordless equipment. Key industries driving demand are the automotive sector, wind energy, and petrochemical industry. Lithium-ion batteries fuel the growth of battery-powered tools. Professional products like hedge trimmers, string trimmers, lawnmowers, and edgers are in high demand, with moving parts requiring regular maintenance. Raw material prices impact the market, while consumer products cater to DIY enthusiasts.

Market Research Overview

The European power tools market, a segment of the larger industrial machinery and supplies and components industry, experiences significant growth due to increasing demand from key sectors such as automotive and renewable energy, particularly wind energy. This market encompasses manufacturers of battery-powered power tools. The global industrial machinery and supplies and components market, which includes companies producing presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications, is projected to expand substantially. Key drivers for this growth include expanding industrial output in process and discrete industries, leading to increased capacity additions, and the global demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages in developing countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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