In 2023, Germany led the European power-driven hand tools sector in employment share with 65.48%, backed by a notable year-on-year increase of 12.51%. Romania and Hungary demonstrated significant growth, with year-on-year increases of 20.51% and 5.67%, respectively. Other countries such as Bulgaria, France, and the United Kingdom experienced declines, with UK showing a substantial drop of 12.63%. Over the last five years, growth varied, with some countries maintaining moderate increases.
Future trends to watch include potential shifts in economic conditions, technological advancements, and labor market policies influencing sector employment. Pay close attention to Eastern European countries which continue to exhibit growth potential.
Top countries in Power-Driven Hand Tools Number of Persons Employed Share by Country (Units (Employees))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65.48 | 2023 | +7.98% | +12.51% | View data |
| 2 | 2 Romania | 9.11 | 2023 | +15.38% | +20.51% | View data |
| 3 | 3 Hungary | 8.17 | 2023 | +3.95% | +5.67% | View data |
| 4 | 4 Czech Republic | 6.63 | 2023 | +0.18% | +0.28% | View data |
| 5 | 5 Bulgaria | 1.67 | 2023 | -1.5% | -1.31% | View data |
| 6 | 6 France | 1.51 | 2023 | +0.31% | -3.88% | View data |
| 7 | 7 Poland | 1.19 | 2023 | -6.06% | -7.15% | View data |
| 8 | 8 Italy | 0.9 | 2023 | +5% | +3.86% | View data |
| 9 | 9 United Kingdom | 0.64 | 2023 | -13.71% | -12.63% | View data |
| 10 | 10 Netherlands | 0.64 | 2023 | +8.24% | +5.42% | View data |
