Tools & Machines - Central & Western Europe

In Central & Western Europe, the revenue generated in the Tools & Machines market in 2024 amounts to US$13.83bn.
It is projected to experience an annual growth rate of 2.84% (CAGR 2024-2029).
When compared globally, China leads the market with a revenue of US$78bn in 2024.
In terms of per capita figures, each person in Central & Western Europe generates revenues of US$41.23 in 2024.
In Central & Western Europe, Germany remains at the forefront of the Tools & Machines market with its strong emphasis on precision engineering and high-quality manufacturing.

Definition:

In the segment Tools & Machines, the focus lies on the different types of tools that can be used for DIY & Hardware. This includes the most common types of tools such as hand tools and power tools as well as measuring and marking tools. Also, tools accessories such as replaceable parts of tools are covered by this segment.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Hand tools
Power tools
Measuring & marking tools
Tool accessories

Tool storage & work surfaces
Power & electrical supplies (power inlets, solar energy kits, extension cords, etc.)
Professional construction machinery and masonry tools (cement mixer, power trowels)
Industrial gases & accessories
Vacuum cleaners
Car accessories
Workwear & protective clothing

The DIY & Hardware Store Market in Central & Western Europe has seen minimal growth due to factors like slow adoption of digital tools & machines, low consumer health awareness & lack of convenience in online services.

Customer preferences: Consumers in Central & Western Europe are now displaying a preference for high-quality and durable tools and machines for their DIY projects, driven by a growing demand for long-lasting and efficient solutions. This shift is also influenced by the rise in sustainability and environmental awareness, with consumers opting for eco-friendly options. Additionally, the increasing number of DIY enthusiasts, particularly among the younger population, is driving the demand for innovative and user-friendly tools and machines in the region.

Trends in the market: In Central & Western Europe, there is a growing trend towards eco-friendly and sustainable tools and machines in the DIY & Hardware Store Market. This is driven by increasing consumer awareness and demand for environmentally responsible products. Additionally, there is a rise in the adoption of smart tool and machine technologies, such as connected power tools and automated lawn mowers. These trends are significant as they cater to the changing consumer preferences and offer opportunities for market growth. However, they also pose challenges for traditional players who may struggle to adapt and compete with newer, innovative offerings.

Local special circumstances: In Central & Western Europe, the Tools & Machines market is heavily influenced by the region's robust manufacturing and construction industries. The demand for high-quality and efficient tools and machines is driven by the emphasis on precision and speed in production processes. Additionally, various regulations and standards in the region require the use of specific tools and machines, creating a niche market for specialized equipment. Moreover, the DIY culture in many countries has led to the popularity of DIY and hardware stores, further fueling the demand for tools and machines.

Underlying macroeconomic factors: The Tools & Machines Market within the DIY & Hardware Store Market in Central & Western Europe is impacted by macroeconomic factors such as economic growth, consumer confidence, and government policies. Countries with stable economic growth and rising consumer spending are likely to see higher demand for DIY tools and machines. Additionally, supportive fiscal policies and investments in infrastructure development can also positively impact the market by creating a conducive environment for DIY and home improvement activities. Furthermore, increasing awareness regarding sustainable living and environmentally-friendly products is also expected to drive the demand for eco-friendly tools and machines in the region.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

For those who want to start a do-it-yourself project to improve their home or give it a new style, the Home Depot might be considered a shopping paradise. Whether consumers prefer to buy in-store or online, the Home Depot offers a wide range of products such as appliances, building materials, hardware, indoor garden furniture, paint, kitchen, and bath decorating items, among other important products for home improvement projects. With stores across North America, the company is the leading DIY and home improvement chain in the United States and Canada. By the end of the fiscal year 2023, Home Depot had generated over 152 billion U.S. dollars in revenue, and its revenue in the previous year placed it as the home improvement leader worldwide.