According to new research from Future Market Insights, the growth of the European woodworking power tool market is mainly driven by the region's construction and carpentry industry (IMF). The European market for carpentry power tools is estimated to be worth USD 363.9 million by 2030, with Germany, the UK, and France leading the way.
According to the report, the EU is increasing its efforts to prevent climate change and reduce its carbon footprint, and the European forest sector is investing and adopting laws that support sustainable forest resources in terms of national timber and imports, which can indirectly affect the effects of prices for processing companies on lumber and related power tool sales.
To expand the market, market participants may increasingly focus their offerings on repair, overhaul and maintenance, the report said.
According to the European Forest Industry Confederation, the forest and furniture industry is the fifth largest manufacturing sector in Europe and contributes billions of euros to the regional economy.
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main contract
- By 2030, electrical planning tools are expected to gain even more traction in furniture applications.
- Cordless power tools for woodworking will remain profitable during the forecast period, with increasing demand from home improvement and ease of use.
- Craftsmen such as carpenters, masons, and carpenters were in great demand.
- Online sales are expected to grow higher thanks to home improvement, a wider product line, and deals and discounts.
- Germany is a very lucrative market for woodworking power tools due to the steady growth of the non-residential construction sector and the presence of key players.
"With growing demand for smart technology and connectivity in woodworking, leading players in the European market have used their experience in developing sensor technologies, services and software to offer customers solutions for power tools in all areas," said the IMF analyst. .
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European segment of the woodworking power tools market
product type
- drill
- planner
- grinding machine
- saw
- sectional
- grinding machine
- routers
- A screwdriver
- the key
- Fan
- Other
Construction
- Corded power tools
- Cordless power tool
the last user
- industrial company
- Commercial carpenters, joiners and masons
- service provider
- DIY/Custom
Sales funnel
- sold online
- B2C platform
- B2B platform
- offline sales
- wholesale supplier
- retail supplier
region
- German
- Italy
- France
- Great Britain
- Spanish
- BENELUX
- Russia
- of Poland
- Czech Republic
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