In 2023, Germany was the leading exporter of electromechanical hand tools in Europe, slightly declining by 0.43%. The Netherlands showed significant export growth with an 8.06% increase, while smaller markets like Latvia and Poland faced declines of 4.16% and 4.7%, respectively. Emerging markets such as Lithuania and Malta saw substantial increases of 26.34% and 22.84%, indicating potential growth opportunities.
Key future trends to watch include:
- The potential for market recovery and growth in declining regions like the UK.
- Increased demand in smaller, rapidly growing markets that may become critical players.
- Technological advancements impacting production efficiency and export capacity.
Top countries in Export of Electromechanical Hand Tools, with Self-Contained Electric Motor Operating with an External Source of Power by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,896,900 | 2023 | +2.59% | -0.43% | View data |
| 2 | 2 Netherlands | 2,128,900 | 2023 | +5.75% | +8.06% | View data |
| 3 | 3 Hungary | 1,210,200 | 2023 | +3.38% | +0.57% | View data |
| 4 | 4 Belgium | 867,010 | 2023 | -3.07% | -1.43% | View data |
| 5 | 5 Austria | 711,740 | 2023 | +2.68% | +6.27% | View data |
| 6 | 6 Poland | 314,670 | 2023 | +1.89% | -4.7% | View data |
| 7 | 7 Czechia | 195,980 | 2023 | |||
| 8 | 8 Slovenia | 189,550 | 2023 | +4.9% | +3.29% | View data |
| 9 | 9 Luxembourg | 144,330 | 2023 | -1.61% | -2.61% | View data |
| 10 | 10 Sweden | 121,780 | 2023 | -5.68% | -7.3% | View data |
