The Benelux power tools market is anticipated to register a healthy CAGR of 3.9% in terms of value and 2.2% in terms of volume over the forecast period (2016–2026). The growth of the market is attributed to various factors, regarding which FMI offers detailed insights in this report.
A power tool makes use of an electricity supply and mechanism, aside from guiding hard work that is used for hand equipment. Electric-powered cars are the maximum not unusual varieties of power gear. Such equipment is used for creation, gardening, household tasks, drilling, slicing, shaping, sanding, grinding, routing, polishing, painting, heating, and lots of different functions.
Strength tools are labeled on the idea of power source into electric powered energy-operated tools (e.g. Circular saws, drill machines); pneumatic strength gear (e.g. Jackhammers, chippers, and compressed air guns); liquid gas (fuel) powered gear (e.g. Saws); hydraulic strength gear (jacks), and powder-actuated gear (nail weapons).
Growth of the strength equipment sales in Benelux is stimulated by way of several macroeconomic and different factors consisting of rising investments in a housing area in Benelux, increasing car income, increasing customer confidence index, the emergence of long-lasting and value-powerful multi-useful energy tools, and development online retail income.
Key trends diagnosed inside the Benelux strength gear marketplace are rising patron inclination in the direction of power tools over hand gear, growing income of professional electricity gear, increasing penetration of Chinese merchandise in the Benelux marketplace, and moving from corded to cordless equipment.
Based on end-users, 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 opportunities over the forecast period.
With increasing use in industrial applications, the pneumatic segment is expected to be the fastest-growing both by value and volume, expanding at a value CAGR of 4.5% over the forecast period. The electric segment is estimated to account for 56.3% value share by 2016 end. The segment is slated to expand at a volume CAGR of 2.1% over the forecast period.
Some of the key global players included in the report are Stanley Black and Decker, Atlas Copco, Snap-On Incorporated, Robert Bosch GmbH, Techtronic Industries Co. Ltd., Danaher Corporation, and Makita Corporation, Actuant Corporation, Hitachi Koki Co. Ltd. and SKF AB. Key players specific to the Benelux region include Metabowerke GmbH, FERM B.V., Einhell Germany AG, and VIKING GmbH.