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
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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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