openPR Logo
Press release

Benelux power tools market to witness a moderate growth rate of 3.9% in terms of value during the forecast period (2016–2026)

01-18-2018 08:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Benelux power tools market to witness a moderate growth rate

Power tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 - a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016. Industrial power tools will continue to outsell household power tools, and account for 57.6% revenue share of the market in 2016.

Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/REP-GB-1570

Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

Browse the full "Adoption of Power Tools in Benelux: Current Trends and Market Forecast, 2016 - 2026"

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

Visit For TOC@ https://www.futuremarketinsights.com/askus/rep-gb-1570

Long-term Outlook: FMI forecasts the Benelux power tools market to witness a moderate growth rate of 3.9% in terms of value during the forecast period (2016–2026). In terms of volume, the market is anticipated to increase at 2.2% during the forecast period, 2016-2026.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: http.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Benelux power tools market to witness a moderate growth rate of 3.9% in terms of value during the forecast period (2016–2026) here

News-ID: 906256 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Benelux

Latest infrastructure developments in the Benelux region
SMi reports: The latest Benelux infrastructure developments with be discussed at the Benelux Infrastructure Forum, returning to Amsterdam, Netherlands on the 18th and 19th November 2020 for its 19th consecutive year. This year's forum will bring together key professionals in the PPP, project financing and infrastructure sectors to discuss the latest issues and trends within the Benelux infrastructure market including, infrastructure project risk management and mitigation, potential solutions to help ensure
Registration Opens For 18th Annual Benelux Infrastructure Forum
SMi Reports: Registration is now open for the 18th annual Benelux Infrastructure Forum, which will be returning to Amsterdam this November. The industry-leading event for the Benelux region; Benelux Infrastructure Forum, is returning to Amsterdam on the 20th and 21st November 2019 for its 18th consecutive year (www.beneluxconf.com/openpr). The urgency to decrease the reliance of fossil fuels and transition to renewable energy sources has led to a major shift in the Benelux
Philips Benelux: - Europe Industrial Air Filtration Market 2018 Top key Manufact …
Europe Industrial Air Filtration Market size is set to exceed USD 1.85 billion by 2022. Driven by stringent safety and health regulations such as the Euro VI associated with the emission limits of the vehicle the Europe industrial air filtration market is anticipated to grow over the forecast timeline. The sectoral directive with IPPC (Integrated Pollution Prevention and Control) has setup the emission limit standards for large combustion plants to
Benelux and France Running Shoes Market Research Report 2017
QY Research Groups’ analysts estimate the Running Shoes Market to grow at a substantial CAGR during the forecast period. Why should the report be purchased? The report ‘Running Shoes Market Research Report 2017’ highlights key dynamics of Global Running Shoes sector. The potential of the sector has been investigated along with the key challenges. The current market scenario and future prospects of the sector has also been studied. Additionally, prime strategical
New Managing Director at WMD Benelux B.V.
Since April 1, 2016 Hans Willems (50) has been the new managing director at WMD Benelux B.V., based in Maastricht, the Netherlands. WMD Benelux B.V. was founded in 2006 as a subsidiary of WMD Vertrieb GmbH, headquartered in Ahrensburg near Hamburg, Germany. Hans Willems takes on the direction of WMD Benelux B.V. together with WMD Vertrieb GmbH. Married and the father of two children, he has worked for the WMD Group
Great Success for ROTOCONTROL/LeoMat in the Benelux
Trittau, Germany (June 13, 2013) – ROTOCONTROL, a manufacturer of leading-edge slitter/rewinder inspection machines today announced the receipt of several purchase orders in the Benelux from Eti-Technix, Blana, W&R Etiketten, and two leading label printing companies in the Antwerp area. The orders were led by Rolf van den Berg of MEG Trading Commercial Solutions, who represents ROTOCONTROL and LeoMat high-speed inspection, slitting, rewinding and die cutting finishing machines in the