The 2023 data reveals that Germany and the Netherlands dominate European imports of power-driven hand tools, accounting for 19.88% and 14.05% of the market, respectively. Countries like France, Belgium, and the United Kingdom also hold significant shares. Noteworthy year-on-year increases in 2023 include the Netherlands at 15.27% and Belgium at 8.93%. Conversely, Spain and Lithuania observed declines. Luxembourg's share skyrocketed by 20.44%, albeit from a low base.
Future trends to watch include potential shifts in import shares driven by economic and regulatory changes within the EU, advancements in smart tools technology, and escalating demand from Eastern European markets.
Top countries in Import of Power Driven Hand Tools Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.88 | 2023 | +2.03% | +3.23% | View data |
| 2 | 2 Netherlands | 14.05 | 2023 | +10.95% | +15.27% | View data |
| 3 | 3 France | 10.39 | 2023 | +2.29% | +3.74% | View data |
| 4 | 4 Belgium | 9.88 | 2023 | +9.27% | +8.93% | View data |
| 5 | 5 United Kingdom | 7.28 | 2023 | +1.7% | +1.34% | View data |
| 6 | 6 Austria | 6.06 | 2023 | +6.88% | +11% | View data |
| 7 | 7 Poland | 5.72 | 2023 | +3.08% | +4.53% | View data |
| 8 | 8 Italy | 3.88 | 2023 | +1.08% | +4.26% | View data |
| 9 | 9 Spain | 3.72 | 2023 | +1.3% | -3.63% | View data |
| 10 | 10 Czechia | 3.02 | 2023 |
