In 2023, Germany dominated the European sold production of power-driven hand tools, accounting for approximately 59% of the total market, followed by Italy with 14% and Sweden with 9%. France held a 7% share, with other countries like Finland and Czechia capturing smaller shares around 2-2.5%. Notably, Germany, Sweden, and Finland showed significant year-on-year growth, with Sweden experiencing a 25.54% increase. The UK and Romania faced the steepest declines, with contractions of 21.07% and 21.62% respectively.
Looking ahead, the European market is likely to see continued technological advancements driving growth. Countries like Germany and Sweden may maintain their strong positions due to their industry resilience and innovation. However, emerging markets in Central and Eastern Europe could experience increased shares as manufacturing capabilities and demand grow in these regions.
Top countries in Sold Production of Power Driven Hand Tools Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 58.94 | 2023 | +10.92% | +15.39% | View data |
| 2 | 2 Italy | 14.01 | 2023 | +12.82% | +6.11% | View data |
| 3 | 3 Sweden | 8.66 | 2023 | +4.51% | +25.54% | View data |
| 4 | 4 France | 7.07 | 2023 | +4.64% | +4.87% | View data |
| 5 | 5 Finland | 2.43 | 2023 | +12.84% | +17.97% | View data |
| 6 | 6 Czechia | 2.42 | 2023 | |||
| 7 | 7 Hungary | 1.36 | 2023 | -0.92% | -1.38% | View data |
| 8 | 8 Spain | 1.26 | 2023 | +6.15% | +4.14% | View data |
| 9 | 9 Poland | 1.22 | 2023 | +4.99% | +4.34% | View data |
| 10 | 10 United Kingdom | 0.47 | 2023 | -26.8% | -21.07% | View data |
