In 2024, Germany leads European imports of electromechanical hand drills with an 18.8% share, followed by the Netherlands at 15.88%, and Belgium at 11.15%. France and Austria have notable shares at 9.77% and 6.61%, respectively. The UK saw a decrease in its share by -3.11% in 2023, contrasting with double-digit growth in the Netherlands, Hungary, and Slovenia. The past five years highlighted consistent growth across most markets, with some fluctuations in countries like Lithuania and Latvia.
Future trends to watch involve potential increases in market shares for countries experiencing rapid growth such as the Netherlands and Hungary. Innovations in drill technology and evolving consumer preferences may drive imports. Environmental regulations might also influence the market, notably affecting countries with lower shares looking to improve market competitiveness.
Top countries in Import of Electromechanical Hand Drills Operated without an External Source of Power Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.8 | 2023 | +3.45% | +2.62% | View data |
| 2 | 2 Netherlands | 15.88 | 2023 | +16.82% | +21.21% | View data |
| 3 | 3 Belgium | 11.15 | 2023 | +14.9% | +10.46% | View data |
| 4 | 4 France | 9.77 | 2023 | +3.43% | +3.91% | View data |
| 5 | 5 Austria | 6.61 | 2023 | +5.82% | +12.51% | View data |
| 6 | 6 Poland | 6.27 | 2023 | +4.48% | +8.23% | View data |
| 7 | 7 United Kingdom | 5.73 | 2023 | -0.073% | -3.11% | View data |
| 8 | 8 Spain | 5.37 | 2023 | +2.39% | +9.04% | View data |
| 9 | 9 Italy | 3.22 | 2023 | +3.83% | +1.82% | View data |
| 10 | 10 Hungary | 2.94 | 2023 | +6.16% | +19.64% | View data |
