Adoption of Benelux Power Tools: Market Value Surges to US$ 1.711 billion by 2033

Hotel Central Reservation System Market

In 2023, the Benelux power tools market is expected to be worth US$ 1,091.40 million. With the increasing use of power tools in the industrial and residential sectors, global demand is expected to expand at a 4.6% CAGR between 2023 and 2033. The adoption of benelux power tools market is to be hitting US$ 1.711 billion by 2033.

The growing customer preference for power tools over hand tools is fueling the expansion of the Benelux power tools industry.

Consumer Confidence on the Rise: Fueling Adoption of Power Tools in Benelux

The rise in auto sales is one of the key factors anticipated to fuel the adoption of the Benelux power tools industry over the forecast period. The increase in consumer confidence is projected to fuel the market expansion for Benelux power tools.

It is predicted that the introduction of long-lasting, cost-efficient multifunctional power tools and the increase in online retail sales may temper the growth of the Benelux power tools market.

Request Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1570

Key Takeaways 

  • The electric segment in the mode of operation category of the power tools market in Benelux to grab a share of 74% from 2023 to 2033.
  • In the end use category, the industrial segment to acquire a share of 80% in Benelux power tools market between 2023 and 2033.

Competitive Landscape

The market’s competitive landscape for power tools in the Benelux highlights the major competitors operating in the region. Their market position, product line, company plans, and most recent advances are all examined.

The competitive landscape aids stakeholders and industry participants in identifying significant rivals, evaluate their advantages and disadvantages, and benchmarking their performance. It emphasizes the degree to which market rivalry spurs Benelux power tools manufacturers to innovate and raise quality standards.

Ready to Learn About Our Approach? Explore Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1570

Latest Breakthroughs

  • Partnership

To develop power tools with a sustainable focus in 2021, Stanley Black & Decker teamed together with Eastman. Tritan Renew, which contains 50% certified recycled material, may be used in the company’s next revival power tool range.

  • Launch

Atlas Copco introduced the SRB HA smart battery nut runner in 2020, intending to provide high torque bolt tightening for crucial energy sector applications that are safer, quicker, more affordable, and traceable.

Key Players

  • Stanley Black & Decker Inc.
  • Atlas Copco AB
  • Snap-on Incorporated
  • Robert Bosch GmbH
  • Techtronic Industries Co. Ltd
  • Danaher Corporation
  • Makita Corporation
  • Actuant Corporation
  • Hitachi Koki Co. Ltd
  • SKF AB
  • Metabowerke GmbH
  • FERM B.V.
  • Einhell Germany AG
  • VIKING GmbH

Key Segments

By Mode of Operation:

  • Electric
  • Pneumatic
  • Others

By End Use:

  • Industrial
  • Household

By Country:

  • Belgium
  • Netherlands
  • Luxembourg

Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/1570

Explore More Industrial Automation Market Report:

  • Power Tool Market Size: The market is set to grow significantly, with a projected value of US$ 36.04 billion in 2023, expected to reach US$ 64.5 billion by 2033. This growth is underpinned by a strong anticipated CAGR of 6% from 2023 to 2033.
  • Power Device Analyzer Market Share: The global market is poised for significant growth from 2023 to 2033. According to a Future Market Insights report, the market is projected to exceed US$ 468.9 million in 2023 and is expected to reach US$ 778.5 million by 2033. This expansion is forecasted to be driven by a steady CAGR of 5.2% from 2023 to 2033.
  • Digital Pump Controller Market Growth: The global market was valued at US$ 9,051.1 million in 2018 and is anticipated to reach US$ 10,684.6 million in 2023. Looking ahead, the market is expected to maintain strong growth, with a projected 6.3% compound annual growth rate (CAGR) from 2023 to 2033, culminating in a market size of US$ 19,638.0 million by 2033.
  • Safety Valve Market Trends: Global safety valve sales are on track to reach US$ 4.4 billion by 2023, with an anticipated 8.6% compound annual growth rate (CAGR) in demand through the forecast period. By 2033, total revenue is poised to reach approximately US$ 10.0 billion. In parallel, the most recent industry analysis suggests that the target segment is set to expand at an 8.2% CAGR through 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTubeTop of Form

About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these