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Germany - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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Germany: Power Tool Market Overview 2021

Power Tool Market Size in Germany

After four years of growth, the German power tool market decreased by -X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then dropped in the following year.

Power Tool Production in Germany

In value terms, power tool production fell to $X in 2020 estimated in export prices. Overall, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Power tool production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Power Tool Exports

Exports from Germany

In 2020, exports of power tools from Germany reached X units, with an increase of X% against 2019. Overall, exports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, power tool exports reached $X in 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

France (X units), the Netherlands (X units) and Austria (X units) were the main destinations of power tool exports from Germany, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Austria, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for power tool exported from Germany were France ($X), the Netherlands ($X) and Austria ($X), with a combined X% share of total exports. These countries were followed by Poland, Switzerland, Italy, Spain, Belgium, Russia, the UK, Sweden, Denmark and the Czech Republic, which together accounted for a further X the main countries of destination, Sweden recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average power tool export price stood at $X per unit in 2020, standing approx. at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Germany

For the third consecutive year, Germany recorded growth in overseas purchases of power tools, which increased by X% to X units in 2020. Overall, total imports indicated measured growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to continue growth in years to come.

In value terms, power tool imports expanded significantly to $X in 2020. In general, total imports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, China (X units) constituted the largest power tool supplier to Germany, with a X% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), fivefold. The third position in this ranking was occupied by Malaysia (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and Malaysia (+X% per year).

In value terms, China ($X) constituted the largest supplier of power tool to Germany, comprising X% of total imports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2020, the average power tool import price amounted to $X per unit, reducing by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per unit in 2019, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?
+
The countries with the highest volumes of power tool consumption in 2020 were China (101M units), the U.S. (94M units) and Russia (37M units), together accounting for 47% of global consumption. Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy lagged somewhat behind, together comprising a further 27%.
What are the largest producers of power tools in the world?
+
The country with the largest volume of power tool production was China (410M units), accounting for 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico (23M units), more than tenfold. The third position in this ranking was occupied by Russia (19M units), with a 3.6% share.
What are the leading suppliers of power tools to Germany?
+
In value terms, China ($1.1B) constituted the largest supplier of power tool to Germany, comprising 51% of total imports. The second position in the ranking was occupied by Hungary ($184M), with a 8.8% share of total imports. It was followed by Malaysia, with a 8.3% share.
What are the leading importers of power tools from Germany?
+
In value terms, the largest markets for power tool exported from Germany were France ($394M), the Netherlands ($209M) and Austria ($172M), with a combined 33% share of total exports. These countries were followed by Poland, Switzerland, Italy, Spain, Belgium, Russia, the UK, Sweden, Denmark and the Czech Republic, which together accounted for a further 41%.
What is the average export price for power tools in Germany?
+
In 2020, the average power tool export price amounted to $79 per unit, remaining stable against the previous year.
What is the average import price for power tools in Germany?
+
The average power tool import price stood at $53 per unit in 2020, declining by -3.2% against the previous year.

Product coverage:
• Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
• Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
• Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
• Prodcom 28241123 - Electromechanical chainsaws
• Prodcom 28241125 - Electromechanical circular saws
• Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
• Prodcom 28241133 -
• Prodcom 28241135 -
• Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
• Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
• Prodcom 28241190 -

This report provides an in-depth analysis of the power tool market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Germany

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Germany
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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