In the European export market for power-driven hand tools, Germany leads with a dominant share of 30.82% as of 2023. Countries such as the Netherlands and Belgium follow, holding 12.21% and 8.4% respectively. Notable growth is observed in Croatia with a staggering 124.42% year-on-year increase, attributed to an expansion in production capabilities and new market entries. The United Kingdom also saw a significant rise of 23.31%, partially due to a post-Brexit strategy refocusing on manufacturing.
Future trends to watch include potential market shares shifting to Eastern European countries like Hungary and Romania due to cost-effective manufacturing bases, and further expansion from Croatia as a new key player. Monitoring regulatory changes and trade agreements within the EU and with external partners will also be crucial in shaping these exports.
Top countries in Export of Power Driven Hand Tools Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.82 | 2021 | +23.89% | +7.15% | View data |
| 2 | 2 Netherlands | 12.21 | 2023 | +2.92% | +7.52% | View data |
| 3 | 3 Belgium | 8.4 | 2023 | +3.26% | +0.78% | View data |
| 4 | 4 Hungary | 7.8 | 2023 | +2.4% | +1.47% | View data |
| 5 | 5 Austria | 6.77 | 2023 | +5.8% | +6.81% | View data |
| 6 | 6 United Kingdom | 5.46 | 2023 | +4.42% | +23.31% | View data |
| 7 | 7 Croatia | 4.66 | 2023 | -4.39% | +124.42% | View data |
| 8 | 8 Spain | 4.24 | 2023 | +8.5% | +7.59% | View data |
| 9 | 9 Romania | 3.91 | 2023 | +3.67% | +4.69% | View data |
| 10 | 10 France | 3.47 | 2023 | +0.093% | +6.55% | View data |
