A power tool utilizes a power source and mechanism, other than manual labor that is used for hand tools. Electric motors are the most common types of power tools. Such tools are used for construction, gardening, household tasks, drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and many other purposes. Power tools are categorized on the basis of power source into electric power operated tools (e.g. circular saws, drill machines); pneumatic power tools (e.g. jack hammers, chippers, and compressed air guns); liquid fuel (gas) powered tools (e.g. saws); hydraulic power tools (jacks), and powder-actuated tools (nail guns).
Benelux power tools market is anticipated to register healthy CAGR of 3.9% in terms of value and 2.2% in terms of volume over the forecast period (2016–2026). Growth of market is attributed to various factors, regarding which FMI offers detailed insights in this report.
Drivers and Trends
Growth of the power tools sales in Benelux is influenced by several macroeconomic and other factors such as rising investments in housing sector in Benelux, increasing automotive sales, increasing consumer confidence index, emergence of durable and cost-effective multi-functional power tools and growing online retail sales.
Key trends identified in the Benelux power tools market are rising consumer inclination towards power tools over hand tools, increasing sales of professional power tools, increasing penetration of Chinese products in Benelux market and move from corded to cordless tools.
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. 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 volume CAGR of 2.1% over the forecast period.
Benelux Power Tools Market Snapshot (2015)
The market research report includes in-depth opportunity analysis of power tools market in Belgium, the Netherlands and Luxembourg. The Netherlands is projected to dominate the market throughout the forecast period. Belgium is expected to be the next major market after Netherlands with an estimated value share of 41.8% by 2016 end. Luxembourg power tools market is anticipate to hold minor share in overall Benelux power tools market. The market in Luxembourg is expected to be the fastest growing, expanding at a CAGR of 6.0% in terms of volume.
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, Makita Corporation, Actuant Corporation, Hitachi Koki Co. Ltd. and SKF AB. Key players specific to Benelux region includes Metabowerke GmbH, FERM B.V., Einhell Germany AG and VIKING GmbH.
This Future Market Insights (FMI) report examines the ‘Benelux Power Tools’ market for the forecast period 2016- 2026. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the Benelux power tools market.
A power tool utilizes a power source and mechanism, other than manual labor that is used for hand tools. Electric motors are the most common types of power tools, power tools are used for construction, gardening, household tasks, drilling, cutting, shaping, sanding, grinding, routing, polishing, painting, heating and many other purposes. Power tools are categorized on the basis of power source: electric power operated tools (e.g. circular saws, drill machines); pneumatic power tools (e.g. jack hammers, chippers, and compressed air guns); liquid fuel (gas) powered tools (e.g. saws); hydraulic power tools (jacks), and powder-actuated tools (nail guns).
To understand and assess opportunities in this market, the report is categorically divided into three sections namely, by end use, by mode of operation and by country. The report analyses Benelux power tools market in terms of value (US$ Mn) and Volume (‘000 units).
The report begins with an overview of global power tools market, followed by Benelux power tools market, appraising power tools sales in terms of value and volume, followed by FMI’s analysis of key trends, drivers, and restraints witnessed in the market. Key trends are also included in the report to equip the client with crystal clear decision making insights.
The subsequent sections analyse the Benelux power tools market on the basis of end-use, mode of operation and country, and presents a forecast for the period 2016–2026. The market is segmented as follows:
By End Use
By Mode of Operation
To deduce market size, the report considers various aspects based on secondary research. Furthermore, data points such as country-wise split and market split by end-use and mode of operations and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution by the Benelux power tools market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the Benelux power tools market. However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provides forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.
Another key feature of this report is the analysis of Benelux power tools market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the Benelux power tools market.
To understand key segments in terms of their growth and performance in the Benelux power tools market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the Benelux power tools market.
In the final section of the report, Benelux power tools market, competitive landscape is included to provide a dashboard view of global and regional companies that manufacture and supply power tools in Benelux. The report contains company profiles of some of the major players operating in the Benelux power tools market.
Some market players featured in this report are as follows: