Europe Power Tools Market 2024-2030

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    Published- July 2023 Number Of Pages -99 Updates for 2024 coming soon

    EUROPE POWER TOOLS MARKET

     

    KEY FINDINGS

    1. Power Tools technology in Europe is experiencing several emerging trends, including the rise of cordless tools, brushless tools, smart tools, lightweight tools, ergonomic design and sustainability. These trends are aimed at increasing efficiency, improving safety, reducing environmental impact, and enhancing user experience. 
    2. The jump in technological implementation has been within motor technology integration. Brushless motor technologies have transformed power tools. It makes it a significant maker and has released their individual ranges of brushless equipment in recent years.
    3. Europe Power Tools Market is dominated by major players like Bosch, Makita Corporation, Stanley Black & Decker, Techtronic, Stihl.. Robert Bosch is one of the leading developers of the power tools in the market. It has brought in the latest Polisher technology integrated within its product GEX33.
    4. Major Growth is coming from residential uses as the culture of Do It Yourself (DIY) is on the rising trend. From industrial side growth is coming from Automobile industry due to Electric Vehicles growth and construction industry due to increased budget from Govts. of major economy to improve the state of infrastructure.
    5. Cordless power tools have become increasingly popular in recent years, due to their portability and convenience. They are also becoming more powerful and affordable, making them a viable option for a wider range of applications.
    6. Buyers are increasingly looking for power tools that are safe and efficient to use. Manufacturers are responding to this demand by developing new features and technologies that improve safety and efficiency.

    INTRODUCTION

    A power tool is a tool that uses an extra power supplier and functions in addition to the obvious work employed with basic tools. Compressed air and internal combustion engines are indeed widely employed.

     

    Steam engines, direct combustion of fuels and propulsion systems, such as those in powder-actuated devices, and perhaps even ecological sources of power such as wind or flowing water are examples of alternative power sources.

     

    Tools that are directly propelled by animal power are not commonly regarded as power tools.

     

    infographic: Europe Power Tools Market, Europe Power Tools Market Size, Europe Power Tools Market Trends, Europe Power Tools Market Forecast, Europe Power Tools Market Risks, Europe Power Tools Market Report, Europe Power Tools Market Share

     

    Machine tools are commonly used to describe immobile power tools used in metalworking.

     

    Even though such utilization is periodically difficult, and in certain circumstances, such as drilling machines and bench grinding, the very same equipment is being used for both woodwork and metalworking, the word mechanical device is not commonly applied to stationary power tools for woodworking.

     

    These really are power tools that cannot be moved once installed. Mounted power tools, on the other hand, frequently have benefits in terms of speed and accuracy.

     

    A standard table saw, not only cuts quicker than a traditional hand saw, but it also cuts smoother, straighter, and more squarely than just a hand-held powered saw. Some fixed power tools are capable of producing items that cannot be produced in any other manner.

     

    Lathes, for example, generate items that are actually round. Electric power equipment innovations have altered the way people work by increasing convenience and speeding up the process.

     

    As a result of their wide performance, these instruments are suited for usage in a wide range of applications, encompassing corporate, domestic, and professional institutions.

     

    EUROPE POWER TOOLS MARKET SIZE AND FORECAST

     

    The Europe Power Tools Market was estimated at €XX Billion in 2023, and is expected to be €XX Billion in 2030 with XX% CAGR for the period 2024 – 2030.

     

    Hilti, a leading manufacturer of power tools and construction equipment, has launched a new cordless power tool platform called Nuron. The Nuron platform is designed to offer users more power, performance, and durability than previous Hilti cordless tools.

     

    Bosch, another leading power tool manufacturer, has launched a new line of smart power tools under its Bosch Professional brand. The new smart tools are equipped with sensors that collect data on tool usage and performance. This data can be accessed by users through a mobile app, which can be used to improve productivity and safety.

     

    The rising costs of raw materials, such as steel and plastic, are putting pressure on the profitability of power tool manufacturers. Power tool manufacturers in Europe are facing increasing competition from low-cost manufacturers in Asia. These manufacturers are able to produce power tools at a lower cost, which gives them a competitive advantage in the market.

     

    EUROPE POWER TOOLS MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 DePuy launches next-generation power tools for trauma, small bone procedures Stellantis will invest more than £25 billion in vehicle connectivity and electrification as it seeks to create a new revenue stream from software-enabled products and subscriptions. Europe This would enhance better Technologies and production

     

     

    EUROPE POWER TOOLS MARKET DYNAMICS

     

    Steel, zinc, copper, brass, aluminum, and nickel are one of the metals used in the production of power tools. Other components of power tools include batteries, motors, and other electronic parts. Power equipment makers are heavily reliant on raw material sourcing.

     

    Rapidly changing raw resources, multiple sources, or completed products costs may cause manufacturing disruptions, delays, inefficiencies, or the inability to market products. Raw materials for power tools are obtained internationally and are often available at reasonable costs from many vendors.

     

    The worldwide power tools industry is forecasted to expand at a fast pace due to an increase in the attractiveness of DIY technologies, developments in infrastructure development, and an increase in person’s discretionary income.

     

    In recent years, India has spent roughly one-ninth of its GDP on infrastructure investment, a trend that is expected to continue in the future years. This increase in infrastructure renovation operations is expected to promote the global usage of power tools.

     

    Furthermore, the convenience of use provided by power tools have allowed them to grow even among non-professional consumers, primarily in home applications.

     

    The ease of accessibility and adaptability of electricity generation tools encourages their use in common applications like drilling, sawing, and cutting, which promotes the global power equipment future growth. However, expensive maintenance expenses and fluctuating raw material prices are among some of the impediments.

     

    Infographic: Europe Power Tools Market, Europe Power Tools Market Size, Europe Power Tools Market Trends,  Europe Power Tools Market Forecast,  Europe Power Tools Market Risks, Europe Power Tools Market Report, Europe Power Tools Market Share

     

    Manufacturers, especially in underdeveloped nations, are afraid of spending money on Power Tool maintenance owing to the accessibility of low-cost human labour.

     

    As a result, the high maintenance requirements are limiting the development of the Power Tools Industry. In addition, the cost of owning Power Tools rises due to the need for repairs and maintenance.

     

    As a result, customers in emerging nations are renting Power Tools, stifling the expansion of the Power Equipment industry.

     

    Sr. No. Timeline Company Updates
    1 November 2021 Emerson Electric Co. TenneT selected Emerson to provide software and services to optimize and secure the high-voltage transmission network responsible for delivering power to nearly 42 million people across the Netherlands and Germany.
    2 October 2021 Stanley Black & Decker and Eastman Stanley Black & Decker and Eastman teamed up to advance sustainability in the power tools industry. As a part of partnership, Stanley Black & Decker released a new product line, reviva, offering the brand’s first sustainability-led power tools that utilize Eastman’s Tritan Renew copolyester.
    3 July 2020 Robert Bosch Power Tools GmbH & Gardena GmbH Robert Bosch Power Tools GmbH partnered with Gardena GmbH to enable users to operate power tools, garden tools, and household appliances from Bosch as well as products bearing the Gardena and other brand names with the same 18-volt battery.
    4 June 2020 Hilti and Battrion Hilti and Battrion jointly developed a new battery cell based on the patented Aligned Graphite technology from Battrion, the battery cells exhibit increased discharge performance of up to 20 percent in power tool applications in comparison with conventional battery solutions.
    5 April 2020 Stanley Black & Decker, Ford and 3M Stanley Black & Decker teamed up with Ford and 3M for supplying a DEWALT portable battery solution for their new Powered Air-Purifying Respirators (PAPR). PAPR would be used to help protect healthcare professionals on the front line as they treat patients of the COVID-19 pandemic.
    6 March 2020 Gardner Denver & Ingersoll Rand Gardner Denver combined with Ingersoll Rand Industrial to form “Ingersoll Rand Inc.” in order to provide a stronger, broader portfolio of mission-critical industrial, energy, medical and specialty vehicle products and services
    7 April 2019 Koki Holdings &

    Sukedachi

    Koki Holdings Co., Ltd. strategically partnered with

    Sukedachi, Inc. to design a platform to support everyone in the construction industry

     

    EUROPE POWER TOOLS MARKET SEGMENTATION

     

    The Europe Power Tools Market can be segmented into following categories for further analysis.

     

    By Application

    • Industrial
    • Construction
    • Automotive
    • Aerospace
    • Residential

     

    By Technology of Application Type

    • Electric Power Tools
    • Corded Power Tools
    • Cordless Power Tools
    • Pneumatic Power Tools

     

    By Tool Type

    • Drills
    • Saws
    • Wrenches
    • Material Removers
    • Stationary Cutters

     

    By Regional Classification

    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Republic of Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

     

    RECENT TECHNOLOGICAL TRENDS IN EUROPE POWER TOOLS MARKET

     

    The jump in technological implementation has been within motor technology integration. Brushless motor technologies have transformed power tools. It makes it a significant maker and has released their individual ranges of brushless equipment in recent years.

     

    Reduced friction, reduced voltage loss, extended motor life, and improved performance. For some tool users, price remains a concern, with enhanced performance difficult to justify due to a larger price tag. Discovering ways of making brushless tools increasingly cost-effective will be a major reference for future motor development.

     

    infographic: Europe Power Tools Market, Europe Power Tools Market Size, Europe Power Tools Market Trends, Europe Power Tools Market Forecast, Europe Power Tools Market Risks, Europe Power Tools Market Report, Europe Power Tools Market Share

     

    There has been a possible integration of the hybrid energy sources technology within the power tools operations which is the ain focus of technology upgradation in the current market. The Cutters and Saws are placed by connecting sets of five lithium-ion batteries in series; users may create a 20V Max pack.

     

    Each cell generates 4 volts maximum (3.6 volts nominal), which is multiplied by the series connection to create 20 volts. Because the 2.0 amp-hours within every unit do not aggregate, the battery is a 20V Max, 2.0 amp-hour battery, popularly known as a DeWalt rechargeable generator.

     

    Then, using a parallel connection, link a second group of five units to a first. The voltage stays constant, but the ampere cycles have doubled. This results in the creation of a DeWalt 20V Max 4.0-amp hour battery. When users add an extra row of parallel-wired cells to your 20V Max battery, users gain 6.0-amp hours.

     

    Battery power is a major worry for tool makers as heavier load power tools get on the cordless bandwagon. It will also be one of the most important selling features. The transition from NiCad batteries to Lithium-Ion chemistry transformed ways tool makers designed and distributed their products.

     

    The other integrations have always been in the intelligent energy tool storage capacity. Using the companion app, users can find the container inside 1 metres, wirelessly lock, and unlock it, and trigger a 120 Db alert.

     

    Sr. No. Timeline Company Updates
    1 December 2021 Makita UK Makita UK launched a new cordless angle drill and a cordless earth auger, as part of its XGT 40VMax range, which come with a 3-year warranty, are both suitable for heavy duty applications and incorporate two speed gears.
    2 January 2020 Makita UK Makita released several new cordless models to its product portfolio, for various applications. Chief among them was the new 82mm DKP181 18V Brushless LXT Planer. The planer was powered by a single 18V lithium-ion battery and incorporates a brushless motor that delivers up to 12,000rpm.
    3 November 2019 Apex Tool Group Apex Tool Group launched the APEX Industrial Fastening brand under the Crescent umbrella as Crescent APEX. The new Crescent APEX brand offers innovative power tool accessories used by industrial and construction tradesmen, including their professional line of u-GUARD non-marring covered tools.
    4 August 2019 Panasonic Panasonic extended its portfolio of High Torque 2-Way Series by launching new High Torque 2-Way Series tools. These tools share real-time fastening data to the qualifier with modifiable settings in torque stage, flush detection point, and cross-thread/remit detection.
    5 June 2019 Bosch Power Tools Bosch Power Tools launched its range of cordless power tools like wireless screwdriver powered by lithium-ion batteries. These power tools will boost convenience to the workers 4X compared to the existing screwdrivers

     

    RECENT DEVELOPMENT AND INNOVATION

     

    S No Product/Company Name Development
    1 EasyDrill 18V-40 and the EasyImpact 18V-40 Four new cordless drill/drivers have been introduced, according to Bosch, a German multinational engineering and technology corporation. The following are the new power tools: The first drill/drivers in the entry-level class are the EasyDrill 18V-40 and the EasyImpact 18V-40, together with the potent all-purpose tools UniversalDrill 18V-60 and UniversalImpact 18V-60.
    2 UL Solutions  With the Opening of a New Laboratory in Germany, UL Solutions Advances Power Tool Safety. A brand-new power tool laboratory has been unveiled by UL Solutions, a world authority in applied safety science. The power tool laboratory supports UL Solutions’ offices and laboratories in Germany by offering testing, certification, and inspection services for a wide range of power tool products to clients throughout Europe.

    EasyDrill 18V-40 and EasyImpact 18V-40, in this the DIYers can choose the drill/driver that best suits their needs. The ’18V Power for All System’, which currently includes about 40 DIY, garden, and home appliances, covers all key tools in each market area.

     

    It even goes beyond the Bosch line with additional partners in the cross-brand ‘Power for All Alliance. The same lithium ion battery and a single charger can be used to power any tool, including a rotary hammer, lawn mower, and even a vacuum cleaner. DIYers can do this while saving money, space, and the environment.

     

    Tools like the EasyDrill 18V-40 and EasyImpact 18V-40 are dependable choices for DIYers and novices who occasionally need to drill and drive screws. While the Impact model also has a drilling function and impacts in masonry, the Drill model is appropriate for processing wood, metal, tiles, and plastic. Simple assembly tasks like assembling tiny furniture pieces, hanging shelves, curtain rails, or flower trellises for balconies or gardens are typical applications. 

     

    Both cordless drill/drivers are well suited for use in the hand thanks to their low weight and comfortable grip. They are both shorter and more compact than current competition versions.

     

    They each include a two-speed transmission with torque adjustments so that they can always deliver the best performance and speed for every application. Additionally, an LED light is used to illuminate the workpiece, ensuring good sight even in poor lighting.

     

    The UniversalDrill and UniversalImpact 18V-60 are lightweight, durable all-arounders for a variety of jobs. With the Impact model, screwdrive or drill in wood, metal, tiles, plastic, and masonry.

     

    They feature a maximum torque of 60 Nm and, for the first time, a metal drill chuck in addition to a brushless motor, making the tools particularly robust and maintenance-free. Additionally, compared to other versions, this cordless drill and impact drill are quicker and more potent. 

     

    This is made possible by the motor and gearbox working in perfect harmony with an advanced electronic control system known as “Syneon Technology.” This communication between the motor electronics and batteries is only provided by Bosch.

     

    The consequence is that the cordless drill/drivers always provide the best power and longest lasting performance for any project. They continue to function at full strength until the battery runs out. 

     

    DIYers can therefore continue to drill and drive screws. They can constantly check the battery’s current charge level thanks to the tool’s three-step display. Compared to current rival models, the UniversalDrill 18V-60 and UniversalImpact 18V-60 are also shorter and more compact. This guarantees the best handling for every project in conjunction with their light weight.

     

    UL Solutions is committed to using its testing and certification experience to assist power tool makers in Europe establish new markets, form alliances, and flourish in an increasingly competitive environment given its objective of working for a safer world.

     

    The new UL Solutions power tool laboratory gives power tool manufacturers in Europe access to a regionally focused service provider and aids them in reducing development times and accelerating time to market while navigating complex regulatory frameworks. 

     

    The market for power tools is expanding as a result of trends such as consumer demand for connected, user-friendly, portable, battery-powered, and energy-efficient instruments. Safety science competence is required in order to turn significant, complicated difficulties into economic possibilities as a result of these developments. 

     

    Power tool makers in Europe can benefit from UL Solutions’ commitment to utilizing its scientific methodology, testing capabilities, and certification knowledge to help them expand into new markets and thrive in a highly competitive industry.

     

    The rapid acceptance of flexible battery systems, the expanding popularity of the “do-it-yourself” (DIY) culture, and the expansion of infrastructure to accommodate growing populations are all factors contributing to the growth of the power tool market.

     

    Construction, manufacturing, and the automotive industries are all predicted to experience significant growth in the North American power tool industry.By establishing testing facilities in Germany, we will be better able to assist customers in exporting their goods to North American markets while still satisfying European need for safety and performance testing and certification. 

     

    Small and medium-sized power tool producers in Europe aspire to compete more effectively with well-known names in the North American market. The North American market acceptance and awareness that the UL Mark offers are lacking among current European-based certifiers. German manufacturers now have a global partner to assist them in navigating the intricacies of the regulatory landscape there thanks to the presence of UL Solutions.

     

    COMPETITIVE LANDSCAPE

     

    A power tool is an energy hand – held device or portable power equipment; these terms separate this from a fixed power tool like a drill press.  To handle their electric power instruments during production, the leading electric power tool producers have used automation technology.

     

    The spread of automating has enabled employees to monitor, integrate, and configure their equipment on numerous job sites, allowing them to achieve more efficiency with much the same electric power equipment. Robert Bosch is one of the leading developers of the power tools in the market. It has brought in the latest Polisher technology integrated within its product GEX33.

     

    Along with the multi-hole construction, the Bosch GEX33-5 5 In. Multi-Hole Random Orbit Sander/Polisher may be used with nearly any manufacturer of sandpaper in the industry.

     

    The sander simultaneously preferable dust absorption to assist guarantee that the completed workpiece’s smoothness is of higher quality. This also doubles the life of sandpaper owing to enhanced effectiveness. Its microfilter particle technology captures fine dust as little as 1/2 micron in size. For minimal vibration, the tool has a strong die-cast aluminum gear enclosure with an innovative dual-bearing pad attachment.

     

    Ingersoll Rand is also a global scale developer of the power tools for industrial and residential requirements. The most recent inclusion has been the technology of impact wrenches into the market. The 285B Series Impact Wrench is an excellent addition to any workshop. With an expanded anvil, replacing tyres and securing further will become a breeze.

     

    These wrenches can endure numerous impacts and severe weather conditions since it is constructed with a steel hammer case and metal enclosure. The 285B Series Impacts Wrench’s unique retention mechanisms enable customers to access difficult-to-reach areas while keeping a strong linkage to the outlet.

     

    Because of the tool’s high momentum and moderate BPM, it can deliver a forceful blow with little air, providing the user all the strength without needing to overburden. The design is appropriate for professionals, with over 1475 ft-lbs of torque for the most demanding tasks.

     

    Sr. No. Timeline Company Sales
    1 Q3-2021 Atlas Copco Atlas Copco revenue increased by 12% to MSEK 27,824 ($ 3.01 B), organic growth of 12% while operating profit increased 26% to MSEK 6,000 ($ 650 M), corresponding to a margin of 21.6%.
    2 Q3-2021 Emerson Emerson’s net sales were $4.7 billion up 20 percent from the year prior. An accelerating sales growth in key end markets combined with strong execution by operations helped it deliver exceptional financial results.
    3 Q3-2021 Snap-on Incorporated Snap-on Incorporated recorded net sales of $1,037.7 million in the third quarter of 2021 increased $96.1 million, or 10.2% from 2020 levels while Operating earnings before financial services for the quarter of $201.3 million, or 19.4% of sales compared to $185.7 million, or 19.7% of sales in 2020.
    4 Q2-2021 Stanley Black & Decker Stanley Black & Decker’s net sales for the quarter were $4.3 billion, up 37% versus the prior year while the gross margin for the quarter was 35.9%.

     

    Sl No. Topic
    1 Market Segmentation
    2 Scope
    3 Research Methodology
    4 Executive Summary
    5 Introduction
    6 Global Power tools Manufacturers Footprint- 2023
    7 Average Price of Power tools in Europe
    8 Key Drivers Of Europe Power tools Market
    9 New Product Development in Europe Power tools Market
    10 Technology Trends in the Industry
    11 Competition from substitute products
    12 COVID-19 Impact on Europe Power tools Market
    13 Russia-Ukraine war impact on Europe Power tools Market
    14 Market Size, Dynamics and Forecast by Geography, 2024-2030
    15 Market Size, Dynamics and Forecast by Tools Type, 2024-2030
    16 Market Size, Dynamics and Forecast by Application, 2024-2030
    17 Competitive Landscape
    18 Gross Margin & Profitability Analysis of Major Players
    19 Growth and Expansion plans of major companies
    20 M&A activity in past 5 years
    21 Market Share of Major Players-2023
    22 Company Profiles
    23 Conclusion
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