Europe Power Tools Market size exceeded USD 12 billion in 2020 and is set to observe around 6.2% growth rate between 2021 and 2027. Changing technologies, innovative designs, portability, and ease of handling are anticipated to steer the market demand.

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Technological advancements, high-capacity batteries, remote accessibility, and increased efficiency in operations will drive the power tools market growth in Europe. In various production lines or places of precision working, power tools minimize mistakes and ensure quality. For instance, the fastening of nuts & bolts for various components on an assembly line in a factory requires high accuracy and a predetermined level of tightening, which can get precisely with the help of power tools.

Service providers, including plumbers, fitters, welders, maintenance service providers, fabricators, electricians, and repairing service providers, are also using power tools. Portability and durable battery life make their operations easier, thereby saving time. These factors ensure an increasing demand for power tools in the construction and automation industries. The pre-existing automobile production industry in Germany, Italy, and the UK is escalating the demand for cordless power tools in the region.

Europe Market, By Mode

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The electric-corded power tools market in Europe was valued at USD 4.5 billion in 2020 and will capture a revenue of over USD 8 billion by 2027. The ability & power delivery of electric-corded power tools due to continuous high-power supply is very high as compared to cordless power tools. The constant power supply ensures working efficiency and smooth working. A machine can get full power that maximizes performance and provides a high amount of speed & energy to finish work in less time by using corded tools.

Corded motorized tools can generate more torque to perform heavy operations. As compared to cordless tools, corded tools are made rugged to absorb more shocks, jerks, and impacts in harsh & non-friendly work environments. Owing to these characteristics, electric-corded power tools have a huge demand in the construction, energy, and mechanical industries.

Europe Market, By Tools Type

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The drilling & fastening tools segment dominated over 32% Europe power tools market share in 2020 and will witness 6.1% CAGR during the forecast period. Heavy investments in the product development & research of drilling technologies by product manufacturers result in better product quality and guarantee an increase in sales. The adoption of innovative technologies, focus on continuous operations in high temperatures and harsh environments, and resistance to sudden jerks & vibrations provide additional benefits to drilling & fastening tools. There is a huge demand for cordless drilling & fastening tools due to their high mobilizing ability and maneuverability. Ongoing development projects in Europe, construction & building works, and heavy demand for fastening tools from the mechanical sector will propel the market revenue.

Europe Market, By Application

The construction application segment will cross USD 5.5 billion revenue by 2027. Along with new construction, renovation & transformation operations increased in the region due to economic development, rising disposable income, and changing lifestyles. Various construction operations including screwing, drilling, metal cutting, and fabrication require power tools that save the time & effort required for simple operations. Nonetheless, power totoolsuarantee service quality in installation works that require high exactitude in operations including fitting heat ventilation & air conditioning systems, electric appliances, home & interior décor, and furniture work.

Europe Market, By Country

Germany power tools market held around 26% revenue share in 2020, attributed to growing infrastructure & construction work and the nation’s rapidly developing mechanical industry. Among all the countries in Europe, Germany led the market and is expected to grow at a CAGR of 6.3% from 2021 to 2027. High product penetration will lead to the increasing demand for both cordless & corded power tools in Germany.

Competitive Industry Landscape

Some of the leading companies involved in the Europe power tools market include Robert Bosch GmbH, Hilti Corporation, Stanley Black & Decker, Makita Corporation, Apex Tools Group, Atlas Copco, Hitachi Koki Ltd.,Snap-on Incorporated, Emerson Electric Co., Festools GmbH, KYOCERA Corporation, Ingersoll Rand, Husqvarna AB, Panasonic Corporation of Europe, Techtronic Industries Co. Ltd., 3M, Delta Power Equipment Corporation, and C. & E. Fein GmbH.