Published Date: 2022-05-24
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European Power Tools Market size is poised to reach USD 20.5 billion by 2027, according to a latest forecast report by Graphical Research.
Power tools are generally used in cutting, drilling, polishing, tightening & fastening, and wrenching operations. These operations are mainly performed in construction work, assembly lines & production lines, maintenance services, and DIY work including repairing, renovation, home & interior design work, and packaging. The construction industry is booming at a high rate due to globalization, changing lifestyles, upgrades in living standards, and increased disposable income in developed economies such as the UK, Germany, and Italy.
The COVID-19 pandemic, a global healthcare crisis, highly impacted the power tool industry. The demand for drilling & fastening tools, demolition tools, and cutting tools dropped during the pandemic. The pandemic led to supply chain disruptions at the global level, delayed construction & infrastructure projects due to the closing of borders, quarantine measures, and trade barriers.
The pneumatic power tool segment captured around 25% of the market share in 2020 and will showcase a CAGR of 6.2% by 2027. Pneumatic power tools are heavily used for industrial, professional, and DIY purposes. Pneumatic tools are widely used in electronics and aerospace applications, among others. Pneumatic power tools are lightweight & easier to handle, allow close tolerances, and are available for a wide range of industrial applications.
The sawing & cutting tools segment accounting for USD 2.7 billion revenue in 2020. Sawing & cutting tools include jigsaws, sabre saws, electric chainsaws, benchtop saws, marble cutters, and concrete cutters. Owing to the rapid adoption of technologies & innovations, sawing & cutting tool designs became more reliable, compact, and handy in the past few years. The demand for portable electric chainsaws and cordless multi-cutters, among others, is increasing in the sawing & cutting tools segment. There is a huge demand for concrete & marble cutting tools from the construction and building waste management sectors.
Browse detailed statistical insights from the report, “Europe Power Tools Market Forecast 2027 By Mode (Electric Corded, Electric Cordless, Pneumatic), By Tools Type (Drilling & Fastening, Sawing & Cutting Tools, Demolition, Material Removal, Wrenches), By Application (Construction, Automotive, Aerospace, Energy, Electronics, DIY), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2135/europe-power-tools-market
The aerospace segment will generate more than USD 1.5 billion revenue by 2027. The strong presence of the Airbus production facilities in the region along with growing demand for next-generation aircraft expected to drive the market growth.
The UK power tools industry will cross USD 2.8 billion by 2027. The proliferating construction sector and progressing public infrastructure projects in the country are expected to drive the market revenue. The growing presence of industry participants in the region along with increasing power tool manufacturers in the country is driving the market growth. Further, the positive outlook of the Do-It-Yourself (DIY) sector is supporting the market demand.
The power tools in European market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Mode
Europe Market, By Tools Type
Europe Market, By Application
The above information has been provided for the following countries:
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