Husqwarna Group, Techtronic Industries Co. Ltd., and Makita Corporation are Dominating the Europe Power Tools Market in 2021

Europe Power Tools Market is expected to grow with the CAGR of 5.4% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Europe power tools market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe power tools market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched Cordless 1” D-Handle High Torque Impact Wrench this product will be used in fastening applications of 2” bolts and features with 2,000 ft-lbs of nut-busting torque.

Husqvarna AB is the dominating player in Europe power tools market. The other key players existing in the market includes Techtronic Industries Co. Ltd., Atlas Copco AB, Stanley Black & Decker, Inc., Snap-on Incorporated, Robert Bosch GmbH, Koki Holdings Co., Ltd., Emerson Electric Co., Festool GmbH, KYOCERA Corporation, Ingersoll Rand, Makita Corporation, Hilti AG, Panasonic Corporation of North America (A subsidiary of Panasonic Corporation), Apex Tool Group, LLC., INTERSKOL, Ferm International B.V., 3M, and Delta Power Equipment Corporation, C. & E. Fein GmbH among others.

Europe Power Tools Market Husqvarna Group (2021)

Husqvarna Group (2021) is headquartered in Stockholm, Sweden and was founded in year 1689. The company is engaged in providing power tools for construction and power products for forest, park and garden care. The company operates in Husqvarna, Gardena, and construction out of which construction is market focused segment. The company offers wide range of product categories such as machines, diamond tools, and Up services in which Machines are market focused categories.

  • In August 2019, Husqvarna AB announced the launch of FS 500 floor saw. The new floor saw offered zero CO2 emissions and a more powerful electric motor of 7.5 kW. The new product was CE certified which was in accordance which complied with health, safety and environmental regulations. The new product increased the product portfolio of the company.

The company has wide global presence across Europe, Asia/Pacific, North America, Latin America with its various subsidiaries such as Gardena AG (Germany), McCulloch Motors Corporation (U.S.), Husqvarna France (France), Gardena Manufacturing GmbH (Germany), Husqvarna U.S. Holding, Inc. (U.S.) and among others.

Techtronic Industries Co. Ltd

Techtronic Industries Co. Ltd is headquartered in Hong Kong, China and was founded in year 1985. The company focuses on providing power tools, outdoor power equipment, hand tools and accessories for infrastructure and construction and for various industrial users. The company operates in power equipment, floor care and appliances segments out of which power equipment is market focused segment. The company offers wide range of brand categories such as MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, HOOVER, DIRT DEVIL, VAX, ORECK in which MILWAUKEE, AEG, RYOBI are market focused categories.

  • In May, Milwaukee, a power tool division of Techtronic Industries Co. Ltd. launched MX FUEL Breaker. It is the new demolition tool which is powered by battery and offering low vibration and light weight with the capacity of breaking 2 tons per charge.

The company has wide global presence across North America, Europe, Middle East and Africa, Asia-Pacific, South America with its various subsidiaries such as Milwaukee Electric Tool (U.S.), Ryobi (Japan), Hoover (U.S.), Homelite Corporation (U.S.), Vax (U.K.) among others.

Makita Corporation 

Makita Corporation headquartered in Aichi, Japan was founded in 1915. The company focuses in production and selling of electric power tools, household equipment, pneumatic tools, gardening equipment. Company offers product categories such as cordless, drilling / fastening, impact drilling / demolition, cutting (new material, masonry), grinding / sanding, sawing, planning / routering, pneumatic, outdoor power equipment, dust extraction out of which cordless, drilling / fastening, impact drilling / demolition, cutting (new material, masonry), grinding / sanding, sawing, outdoor power equipment is market focused categories.

  • In April 2017, Makita Corporation expanded its business with its new office building in New Zealand which is built with a larger warehouse for the production of cordless products. The new building has also features with maintenance of the supply of products. 

The company has presence across the globe in Americas, Africa & Middle East, Asia/Oceania, and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Dolmar (Germany), Makita (Australia) Pty Limited (Australia), Makita U.S.A., Inc. (U.S.), Makita Corporation of America (U.S.) Makita (China) Co., Ltd. (China) and among others.