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NEW YORK , Sept. 22, 2022 /PRNewswire/ -- The power tools market in Europe has been segmented by technology (electric, pneumatic, and engine-driven), application (commercial, residential, and industrial), and geography (Germany , France , UK, Belgium , and Rest of Europe ). The market size is expected to grow by USD 1.59 billion from 2021 to 2025, according to the latest report from Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 4.06% during the forecast period.

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The power tools market in Europe report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market growth. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The power tools market in Europe covers the following areas:

Power Tools Market In Europe Sizing Power Tools Market In Europe Forecast Power Tools Market In Europe Analysis

The electric segment will be the largest contributor to market growth during the forecast period. Electric power tools can be further categorized into corded and cordless tools. Corded tools are preferred for cutting and nailing applications that require powerful motors. Corded tools are extensively used in applications where freedom of movement is not required.

The power tools market in Europe is fragmented. Vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., among others, are the main players in the market. The key offerings of some of these vendors are listed below:

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Power Tools Market in Europe Scope

Accelerate at a CAGR of 4.06%

Germany, France, UK, Belgium, and Rest of Europe

Germany, France, UK, Belgium, and The Netherlands

Leading companies, competitive strategies, consumer engagement scope

Apex Tool Group LLC, C. & E. Fein GmbH, Emerson Electric Co., Hilti Corp., Ingersoll Rand Inc., Koki Holdings Co. Ltd., Makita Corp., Robert Bosch GmbH, Stanley Black & Decker Inc., and Techtronic Industries Co. Ltd.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ Newsroom: newsroom.technavio.org/news/power-toolsmarket

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