Precision and Power: Unveiling a Strong Projected CAGR of 4.5% in the Benelux Power Tools Market Through 2032

Future Market Insights, an esteemed ESOMAR Certified Market Research and Consulting Firm, presents the Adoption of Benelux Power Tools Market report, a comprehensive source of insights and analysis on the Adoption of Benelux Power Tools market. Illuminating the scope and essence of the research, this report investigates the driving forces, market scope, and predictive data for Adoption of Benelux Power Tools. Intricate revenue and shipment breakdowns are provided, featuring forecasts that extend a decade to 2033. Moreover, the publication assesses key industry players, their market shares, the competitive landscape, and regional perspectives.

In 2023, the Benelux power tool market is anticipated to reach a value of US$ 1,091.40 million. Power tool usage is expected to increase across industrial and residential sectors at a 4.6% CAGR from 2023 to 2033, reaching a total market value of US$ 1.711 billion by that year.

Power tool sales growth in Benelux is influenced by a number of macroeconomic and non-economic variables, including rising housing sector investments in Benelux, rising automotive sales, rising consumer confidence index, emergence of long-lasting and reasonably priced multi-functional power tools, and expanding online retail sales.

On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

Wisdom for the Visionary: Download the Sample Report to Infuse Your Strategies with Foresight and Gain a Competitive Edge in Today's Market:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1570

Demand for power tools will continue to be strong from the construction sector, as Benelux's housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn't as severely impacted by the crash of 2007-08, as it did not participate in the 'bubble' preceding the crash.

Growth of the Benelux power tools market will also be supported by rising adoption in the Union's automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

On the basis of end use, the Benelux power tools market has been segmented into industrial power tools and household power tools. In terms of value, the industrial power tools segment has been projected to expand at a CAGR of 4.4% over the forecast period to account for 57.9% value share by 2026 end.

By mode of operation, the market has been segmented into electric power tools, pneumatic power tools and other power tools (including IC engine, steam driven and natural power source driven power tools). The electric power tools segment is expected to create significant growth opportunity over the forecast period.

Adoption of Benelux Power Tools Market Key Players:

Stanley Black & Decker Inc.
Atlas Copco AB
Snap-on Incorporated
Robert Bosch GmbH
Techtronic Industries Co. Ltd
Danaher Corporation
Makita Corporation
Actuant Corporation
Hitachi Koki Co. Ltd
SKF AB
Metabowerke GmbH
FERM B.V.
Einhell Germany AG
VIKING GmbH

Empower yourself with knowledge - Buy now and gain access to insights that will shape your perspective:
https://www.futuremarketinsights.com/checkout/1570

Key Segments

By Mode of Operation:

Electric
Pneumatic
Others

By End Use:

Industrial
Household

By Country:

Belgium
Netherlands
Luxembourg

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports

Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.