Europe Power Tools Market

Europe Power Tools Market Size (2024 to 2029)

The power tools market size in Europe is anticipated to be worth USD 13.54 billion by 2029 from USD 11.29 billion in 2024, growing at a CAGR of 3.7% from 2024 to 2029.

A power tool is a device that is actuated with an additional power source and a mechanism other than the solely manual labor utilized by hand tools. Internal combustion engines and compressed air are the major types of power tools and are also commonly used. Steam engines, direct burning of fuels and explosives, such as in powder-actuated devices, or even natural power sources like wind or moving water are included in other power sources. Generally, tools directly driven by animal power are not considered power tools.

The growth of the power tools market in the European region is attributed to the rapid adoption of cordless power tools to keep up with the growing culture of DIY, increasing use of Brushless DC Electric Motors resulting in improved efficiency and reliability combined with the rising popularity of Lithium-Ion batteries in this region.  The latest advancements in power tools technologies, such as wireless charging, are likely to create lucrative opportunities for the growth of the players of the power tools market in this region.

The rising usage of Brushless DC Electric Motors, which leads to improved efficiency and reliability, along with the increasing popularity of Lithium-Ion batteries, are the critical drivers for the growth of the European power tools market. Also, the rising demand for electric vehicles and the rising need for fastening tools in the industrial and other sectors would lead to growth in market demand over the forecast period, which is boosting the growth of the power tools market in Europe.

This research report on the European power tools market has been segmented and sub-segmented into the following categories.

Europe Power Tools Market – By Tool Type:

• Drilling & Fastening Tools
  • Drills
  • Impact Drivers
  • Impact Wrenches
  • Screwdrivers
  • Nut Runners
• Demolition Tools
  • Rotary Hammers
  • Hammer Drills
  • Demolition Hammers
• Sawing And Cutting Tools
  • Jigsaws
  • Reciprocating Saws
  • Circular Saws
  • Band Saws
  • Sheers And Nibblers
• Material Removal Tools
  • Sanders/Polishers/Buffers
  • Grinders
  • Angle Grinders
  • Die And Straight Grinder
  • Routing Tools
  • Routers/Planers/Joiners
• Others
  • Measuring And Layout Tools
  • Laser Tools
  • Dust Extractors
  • Glue Guns
  • Heat Guns

Europe Power Tools Market – By Operation:

• Electric
  • Corded Tools
  • Cordless Tools
• Pneumatic

Europe Power Tools Market – By Application: 

• Industrial
  • Aerospace
  • Construction
  • Automotive
  • Energy
  • Others
• Residential

Europe Power Tools Market – By Country: 

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

In the regional analysis, Germany is the leading contributor in the market in revenue aspect of the European power tools market. Also, the power tools market in this country is expected to maintain its dominance over the forecast period because of the presence of robust automotive sector growth, as well as the booming construction sector.

KEY MARKET PARTICIPANTS:

Stanley Black & Decker (US), Techtronic Industries (Hong Kong), Robert Bosch (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Atlas Copco (Sweden), Apex Tool Group (US), Ingersoll-Rand (Ireland), KOKI Holdings (Japan), and Snap-on Incorporated (US) are some of the major players in the Europe power tools market.

RECENT HAPPENINGS IN THE MARKET:

• Robert Bosch, a German multinational engineering and technology company that was headquartered in Gerlingen, has launched several cordless power tools like wireless screwdrivers powered by lithium-ion batteries.  
• Hilti Inc., a Liechtenstein multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy, and manufacturing industries, has expanded its industry-leading cordless tool offerings by launching the world's first cordless breaker, the TE 500-A36.