USD 7.51 billion
Europe Power Tools Market Size, Share, and Growth Analysis
Europe Power Tools Market By Material (Bricks/Blocks, Concretes), By Handling Type (Portable, Stationary), By Power Tool Type (Drilling & Fastening Tools, Material Removal Tools), By Power Source Type, By Application - Industry Forecast 2025-2032
Report ID:
SQMIG45J2275 |
Region:
Global |
Published Date: February, 2025
Pages:
188
|Tables:
120
|Figures:
72
Format -
Europe Power Tools Market Insights
Europe Power Tools Market size was valued at USD 7.51 billion in 2023 and is poised to grow from USD 7.83 billion in 2024 to USD 10.88 billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).
The popularity of cordless power tools is growing noticeably amongst consumers. Battery-operated, cordless power tools, such as crimpers, hammer drills, impact drivers, impact wrenches, and circular saws, are used in construction, repair, and maintenance applications as well as in sanding, metalworking, and welding, among other tasks, are widely being adopted across several end-use industries. Power tools powered by lithium-ion batteries are significantly gaining traction and are expected to replace power tools operating on conventional batteries, such as nickel-cadmium (Ni-Cd) batteries and nickel-metal hydride (Ni-MH) batteries.
Technological advancements are influencing the growth of the market. Companies are introducing technologically advanced products to enhance the efficiency of their products. For instance, the Flexvolt battery offered by Dewalt automatically switches battery voltage depending upon the tool you attached to it. An automatic switch of voltage helps in manually adjusting the power before using different corded power tools.
Additionally, there are integration of features such as tool ergonomics, app-linked tracking, and efficient power capabilities. These technological advancements in the market help to achieve significant market growth. Also, substantial use of pneumatic and hydraulic tools in heavy-duty, oil & gas, and energy sectors will boost the Europe power tools market growth progressively.
Furthermore, escalating demand for cordless and efficient tools to ease operation and smooth connectivity has helped revive various tool types. The tools used in drilling & fastening, material removal, sawing & cutting, and demolition activities have steadily expanded the market share. Moreover, stagnant power tools demand in industries for heavy applications and budding D.I.Y activities supported the market progress.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Industrial
Fastest Growth
Residential
Growth Rate
4.2% CAGR
Europe Power Tools Market ($ Bn)
Country Share for Europe Region (%)
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Europe Power Tools Market Segments Analysis
Europe Power Tools Market is segmented by Material, Handling Type, Power Tool Type, Power Source Type, Application and region. Based on Material, the market is segmented into Bricks/Blocks, Concretes, Glasses, Woods/Metals, Other Materials. Based on Handling Type, the market is segmented into Portable, Stationary. Based on Power Tool Type, the market is segmented into Drilling & Fastening Tools, Material Removal Tools, Sawing and Cutting Tools, Demolition Tools, Routing Tools, Outdoor Power Tools, and Others. Based on Power Source Type, the market is segmented into Cordless Power Tools, Corded Power Tools, Pneumatic Power Tools, Hydraulic Power Tools. Based on Application, the market is segmented into Industrial/Professional, Residential/DIY.
Analysis by Application
As per Europe power tools market outlook, the industrial dominated the market and held more than 62.84% of the revenue share in 2024. Industrial applications include the use of tools in industries such as automotive, construction, aerospace, and logistics. Increased technological innovation and adoption of advanced technologies among these industries is the crucial factor for the dominance of industrial applications over the residential segment. The automotive and construction industries have the highest adoption of power tools, thus driving the growth of the industrial application segment. As industries such as manufacturing, aerospace, and automotive continue to grow, the demand for power tools is expected to increase, driving the growth of the industrial application segment.
The residential segment is projected to witness the highest CAGR of 8.3% during the forecast period. The growth is primarily attributed to the growing trend of DIY culture. The availability of user-friendly and easy-to-operate power tools is the vital reason for the considerable growth rate of household applications. Renovation and remodeling of construction projects are growing, leading to increased utilization of the product in the residential segment. Homeowners are increasingly choosing to renovate their homes, which is driving the demand for power tools. They are essential for many home renovation tasks, such as cutting, drilling, sanding, and painting.
Analysis by Tools Type
The drills segment dominated the market in 2024 with a revenue share of 31.72% and is expected to continue leading during the forecast period. Drills are easy to use, cheaper as compared to other power tools, and are commonly used in industrial and household applications. Drills are also prominently used as a basic repair and maintenance tool, thus, driving segmental growth. These tools are now lighter, more powerful, and have higher runtimes, which broadens their applications to include drilling holes in different materials, driving screws, and even mixing materials. Their dominance in industry is owing to such uses among different sectors which include construction, woodworking, and DIY home projects.
Saws are expected to be the fastest-growing segment in the Europe power tools market due to their increasing demand in construction, demolition, and woodworking applications. Improvements in battery technology, a modern design, and enhancement in cutting proficiency have indeed made cordless saws more efficient, portable, and easier to use. The construction industry is a significant user of saws, and the growth of the industry has driven demand for saws. Construction companies use saws for cutting and shaping materials such as concrete, metal, and wood. The construction industry is a significant user of saws, and the growth of the industry has driven demand for saws. Construction companies use saws for cutting and shaping materials such as concrete, metal, and wood.
Europe Power Tools Market By Application (%)
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Europe Power Tools Market Regional Insights
Germany region dominated the market due to strong manufacturing base. It is home to several leading power tool manufacturers, such as Bosch and Makita, which contribute significantly to the country's market share. The country's well-established industrial infrastructure, high-quality standards, and advanced manufacturing capabilities support the growth of the market. Germany has a robust industrial base and one of the largest construction markets in Europe. The demand for power tools is fueled by a thriving construction and manufacturing sector, both of which require high-performance tools for various applications. Germany leads in technological advancements in the power tools industry, particularly in terms of cordless and battery-powered tools. Innovations such as improved lithium-ion batteries and ergonomic designs are driving demand.
United Kingdom region is experiencing growth in the market due to construction and infrastructure growth. The UK has a robust construction industry, which significantly drives the demand for power tools. Ongoing residential and commercial construction projects, along with major infrastructure developments (e.g., roads, bridges, and housing), increase the need for high-quality power tools for professionals. Government initiatives, including urban regeneration projects and increased funding for infrastructure, are further fueling the growth of the construction sector. Many homeowners are investing in tools for home improvement projects, from renovations to small repairs, contributing to a steady rise in the retail sale of power tools.
Europe Power Tools Market By Geography
- Largest
- Fastest
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Europe Power Tools Market Dynamics
Drivers
Powerful Battery Packs Surge the Demand for Power Tools
- In the phase of energy transition and demand for energy-efficient power tools for complex drilling and fastening operations, the market players have integrated compact yet powerful battery packs to enhance the performance capabilities of industrial tools, especially in automotive. Additionally, DIY activities and easy-to-use cordless power tools have encouraged residential users with attractive and performance tuned products.
Expansion of E-commerce and Retail Channels
- Cordless power tools have become more available to a broad audience due to the growth of e-commerce platforms and retail channels. With all the advantages of online market, such as employing convenience and competition in pricing while having a wider array of selection, so more and more consumers are encouraged to buy cordless power tools for both professional and home use.
Restraints
Hike in Energy Tariff and Rise in Lithium Sourcing
- European reliance on gasoline for major operations and strict carbon emission norms have left the market facing certain limitations. Also, increasing electricity tariff prices due to the rise in power-producing material prices has shifted the focus to energy-efficient tools. Similarly, high source of raw materials to manufacture powerful yet compact tools has hiked product prices that were causing the demand for power tools to diminish during the forecast period.
Power Limitations Compared to Corded Tools
- Cordless power tools provide enhanced portability and ease of use, however, they often do not deliver power outputs on par with corded tools, particularly in heavy-duty applications. As a result, industrial users requiring high-performance tools may be hesitant to fully transition to cordless options, leading to certain limitations in specific sectors.
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Europe Power Tools Market Competitive Landscape
The competitive landscape of the Europe power tools industry is marked by the presence of well-established players, regional manufacturers, and numerous new entrants who are continuously innovating to meet the growing demand for advanced power tools. Major companies like Bosch Power Tools, Makita Corporation, DeWalt (Stanley Black & Decker), Hilti Group, and Hitachi Koki dominate the market, providing a wide range of power tools for various applications, including construction, DIY, automotive, and industrial use.
Top Player’s Company Profiles
- Robert Bosch GmbH (Germany)
- Einhell Germany AG (Germany)
- Andreas Stihl AG & Co. KG (Germany)
- Husqvarna AB (Sweden)
- Kärcher GmbH & Co. KG (Germany)
- Metabo GmbH (Germany)
- Festool GmbH (Germany)
- Hilti AG (Liechtenstein)
- Skil Europe BV (Netherlands)
- Flex-Elektrowerkzeuge GmbH (Germany)
- Makita Corporation Europe (United Kingdom)
- Ryobi Europe Ltd. (United Kingdom)
- DeWalt Industrial Tool Co. Europe (United Kingdom)
- Black & Decker Europe (United Kingdom)
- Hitachi Koki Europe Ltd. (United Kingdom)
- Panasonic Electric Works Europe AG (Germany)
- Milwaukee Tool Europe (United Kingdom)
- Würth Group (Germany)
- Atlas Copco AB (Sweden)
- Techtronic Industries Co. Ltd. (Hong Kong)
Recent Developments
- October 2024 - Makita introduced its 18V LXT® Lithium-Ion Brushless Cordless Hammer Driver-Drill. This tool would last longer and be more powerful. The tool is built for industrial users requiring reliable and high-performance solutions.
- March 2022 – Husqvarna Group, a leader in market has discontinued its Zenoah brand product line up that offers extensive outdoor power tools to smoothen the service.
- January 2022 – Hilti, a global supplier and manufacturer of tools, has launched a whole new cordless platform. The platform is designed to improvise work simplification on construction sites with effective tool management across all NURON tools.
Europe Power Tools Key Market Trends
- Expanding Energy Efficient Tools Demand to Reinforce Market Growth: Europe is revolutionizing its industries to meet global carbon emissions, and power tools are the prime change-makers that help them achieve it. These tools are being equipped with advanced power monitoring and switching capabilities. Also, the convenience and attractiveness of DIY tools have raised the demand for tools in the market. Furthermore, the increase in the application of ergonomically fit and easy-to-operate tools has hiked the demand in the upcoming period.
- Growing Demand for Compact and Lightweight Tools: The growing popularity of portable and compact cordless power tools is due to the features of mobility and convenience that they provide. Thus, many users, particularly in the construction and home improvement industries, require tools that compete with larger products but without the bulk. This combination of features should maximize the comfort of the user and minimize fatigue.
Europe Power Tools Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the rise of DIY projects has contributed to the increased demand for sanders. Sanders are useful for sanding down surfaces such as walls, furniture, and floors, which are common in-home renovation and improvement projects. Advancements in sanding technology have made sanders more efficient, easier to use, and more versatile. For example, random orbital sanders can sand in circular patterns, reducing the risk of leaving scratches or marks on the surface being sanded. Increasing demand for these power tools also complements the growth figures associated with the construction sector. The growth of the market 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 in the 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 Europe power tools market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.51 billion |
| Market size value in 2032 | USD 10.88 billion |
| Growth Rate | 4.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Power Tools Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Power Tools Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Power Tools Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Power Tools Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Power Tools Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Power Tools Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Europe Power Tools Market Report Snapshots
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