Power tools are the tools that use an additional power source and mechanism to perform different types of maintenance and manufacturing jobs. Power tools are used for performing variety of applications namely such as drilling, gardening, construction, household tasks, cutting, shaping, grinding, sanding, polishing, heating, beating, and more. Depending on the mode of actuation, power tools are classified as pneumatic tools, electric tools, and hydraulic tools. Electric power tools are actuated by electricity and are either battery-powered or corded. Cordless drill, hammer drill, band saw, rotatory hammer, table saw, heat gun, jigsaw, miter saw, dust extractors, etc. are some of the common electric power tools in different operations.
Power tools find extensive applications in manufacturing and assembly of automobiles. Automobiles production in Benelux region has increased significantly in the recent past. This is owing rampant urbanization and improving economic conditions in the region. According International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in the Netherlands reached 157,280 in 2017, up from 44,122 from 2015, which is an increase of 74.97%. This, in turn, is expected to boost the demand for different types of power tools, thereby driving the market growth over the forecast period. Moreover, Benelux has witnessed significant growth in the online retail sales, regardless of existing economic downturn in the region. This is primarily due to increasing consumer confidence, online power tools sales, easy availability of diverse products, especially portable power tools for household applications. Lucrative pricing strategy adopted by online vendors, in order to attract masses and shift their focus towards online purchases rather than conventional stores is expected to drive the Benelux power tool market growth over the forecast period.
This report segments the Benelux power tool market on the basis of end use, mode of operation, and country. On the basis of end use, the Benelux power tool market is segmented into industrial power tools, and household power tools. On the basis of mode of operation, the market is segmented into electric, pneumatic, and others.
Key features of the study:
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