Verified Profile!
Donate
Patrocinados
The United Kingdom Power Tools Market is primed for innovation through technology adoption
The power tools market in the United Kingdom provides convenient solutions for drilling, sawing and other tasks for both domestic and industrial applications. Power tools such as drills, sanders and jigsaws offer efficiency and precision over manual tools, reducing labor times for construction, repair and fabrication activities. Being lightweight yet powerful, cordless power tools have gained widespread acceptance among professional tradesmen and DIY enthusiasts alike. The convenience of eliminating power cords has boosted their portability and flexibility for use in different work environments.
The United Kingdom Power Tools Market is estimated to be valued at USD 1.77 Bn in 2024 and is expected to reach USD 3.84 Bn by 2031, growing at a CAGR of 11.7% from 2024 to 2031.
Key Takeaways
Key players operating in the United Kingdom power tools market are Stanley Black & Decker, Atlas Copco, Techtronic Industries, Ingersoll-Rand, and Makita Corporation. Stanley Black & Decker leads the power tools market in the country with its reputed Brands like BLACK+DECKER and DEWALT, offering an array of corded and cordless tools.
The growing demand for power tools from the construction industry is a major factor fueling market growth. The recovery of the construction sector post-COVID and ongoing infrastructure projects are increasing demand. Furthermore, the rising trend of DIY activities among individuals is also propelling the sales of power tools in the country.
The United Kingdom Power Tools Market players are expanding globally through strategic acquisitions and partnerships. For instance, Techtronic Industries acquired Stanley Black & Decker’s construction and DIY business in early 2022 to strengthen its power tools portfolio and distribution network in the European market.
Market Key Trends
One of the key trends gaining traction in the United Kingdom power tools market is the adoption of advanced battery technologies that enhance runtime and performance. Lithium-ion batteries capable of retaining charge over longer durations with high energy density are enabling the development of more powerful cordless tools. Additionally, manufacturers are integrating their power tools with smart connectivity features for monitoring battery status, selecting operating modes, and firmware updates over wireless networks. These technology innovations are attracting consumers looking for convenient and transparent product experiences.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate as the power tools industry in UK requires high initial investment and R&D for new product development. However, the growing demand provides opportunities.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established brands and product options. Buyers can easily switch between brands based on price and promotion.
Bargaining power of suppliers: Major raw material suppliers like steel manufacturers have moderate bargaining power due to established supply contracts with key players.
Threat of new substitutes: Threat from substitutes is low as power tools have few alternatives for DIY and industrial applications. However, electric alternatives pose competition to gasoline-powered tools.
Competitive rivalry: The competitive rivalry is high among key global players and local brands. Players compete on price, product quality, innovative features, and marketing.
Geographical Regions
The United Kingdom power tools market is concentrated in value terms in Western Europe, dominated by countries like the UK, Germany, France, Italy, and Spain. These countries account for more than 60% share of the Western European power tools market revenue.
Fastest Growing Region
Asia Pacific region especially emerging countries like India and China is projected to be the fastest growing regional market for power tools in the coming years. This is driven by rapid urbanization, growth in infrastructure and construction activities, rising disposable incomes.
Get This Report in Japanese Language: 英国の電動工具市場
Get This Report in Korean Language: 영국 전동 공구 시장
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
Categorías
Read More
Finding the right place to sell your coins can feel challenging, especially if it’s your first time. Many people want to ensure they are dealing with honest experts who can provide them with fair value. This is why choosing a trusted Coin Buyer in Albuquerque is so important. A good buyer not only offers you a fair price but also provides guidance to help you understand your coin’s...
Microalgae Market Overviews Maximize Market Research is an Microalgae research firm that has published a detailed analysis of the “Microalgae Market”. The report includes pricing analysis, demand analysis, business insights, market trends, competitive landscape, and growth opportunities. The base year of the Microalgae market . Estimated Growth Rate...
