In 2023, Germany held the largest share of European exports for electromechanical hand tools with self-contained electric motors, operating with external power sources, at 31.05%. The Netherlands followed with 22.82%, exhibiting an 8.06% increase. Germany showed a slight decline of 0.43%. Significant growth was noted in smaller markets like Lithuania with 26.34% and Cyprus with 38.12%. Conversely, the UK saw a steep decline of 100%, removing it from the market. Over five years, market stability is evident, but fluctuating margins indicate opportunities for market recovery and entry.
Looking forward, growth is expected in emerging markets, contributing to regional diversification in exports. Focus on sustainability and innovation, alongside regulatory compliance improvements, is essential. Monitoring smaller economies like Lithuania and other Baltics might offer insights into emerging trends and shifts.
Top countries in Export of Electromechanical Hand Tools, with Self-Contained Electric Motor Operating with an External Source of Power Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.05 | 2023 | +2.59% | -0.43% | View data |
| 2 | 2 Netherlands | 22.82 | 2023 | +5.75% | +8.06% | View data |
| 3 | 3 Hungary | 12.97 | 2023 | +3.38% | +0.57% | View data |
| 4 | 4 Belgium | 9.29 | 2023 | -3.07% | -1.43% | View data |
| 5 | 5 Austria | 7.63 | 2023 | +2.68% | +6.27% | View data |
| 6 | 6 Poland | 3.37 | 2023 | +1.89% | -4.7% | View data |
| 7 | 7 Czechia | 2.1 | 2023 | |||
| 8 | 8 Slovenia | 2.03 | 2023 | +4.9% | +3.29% | View data |
| 9 | 9 Luxembourg | 1.55 | 2023 | -1.61% | -2.61% | View data |
| 10 | 10 Sweden | 1.31 | 2023 | -5.68% | -7.3% | View data |
