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, thereby reducing wear and tear and frictional losses. Consequently, BLDC motors generate lower heat and are more energy-efficient than Brushed DC motors. Additionally, BLDC motors' integrated electronics offer overload protection, decreasing maintenance requirements and increasing tool longevity. By utilizing BLDC motors, power tools benefit from extended runtime and enhanced durability. 

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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 is witnessing significant growth, driven by the adoption of battery-powered tools in emerging economies and various sectors like automotive and wind energy. Companies like Milwaukee Tool, Bosch, Ingersoll Rand, Snap-on Incorporated, Apex Tool Group, and Milwaukee Tool Corporation are leading this trend with innovative solutions. Their cordless power equipment, including fastening tools, hedge trimmers, string trimmers, lawnmowers, and edgers, use advanced lithium-ion batteries. The petrochemical industry also contributes to the market through raw materials, while apps like Bosch Toolbox and Milwaukee Tool's ONE-KEY streamline tool management. Moving parts in these tools may be affected by raw material prices. Professional and consumer products alike benefit from these advancements.

Market Research Overview

The European power tools market is experiencing significant growth, particularly in the sector of battery-powered tools. This trend is being driven by various industries, including the automotive sector and the wind energy industry, which are increasingly adopting cordless solutions for their operations. Moreover, the fastening tools segment is also witnessing increased demand due to the expansion of manufacturing industries in emerging economies. Technavio's market analysis indicates that the European power tools market size will be influenced by the global industrial machinery and supplies and components market, which is projected to grow due to rising industrial output in developing countries. This output is leading to capacity additions in process and discrete industries, resulting in increased demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. Lithium-ion batteries, a key component of battery-powered tools, are expected to play a crucial role in this growth, as they offer superior performance and longer battery life compared to traditional batteries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/