Tools & Machines - France | Statista Market Forecast

In France, the Tools & Machines market generates a revenue of US$3.65bn in 2024.
It is projected to experience an annual growth rate of 1.93% (CAGR 2024-2029).
Comparatively, China generates the highest revenue in the global market, amounting to US$78bn in 2024.
When considering the population, the per person revenue in France is US$56.24 in 2024.
France has seen a surge in demand for high-quality, precision tools and machines, driven by its reputation for fine craftsmanship and innovation in industries such as automotive and aerospace.

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 France has seen minimal growth due to factors such as low consumer spending and increasing competition from online retailers. Despite the sluggish growth, the market remains relevant for tools & machines due to their convenience and practicality.

Customer preferences: There has been a growing trend in the Tools & Machines Market within the DIY & Hardware Store Market in France towards eco-friendly and sustainable products. With an increasing emphasis on environmental stewardship and a shift towards more conscious consumption, consumers are now seeking out tools and machines that are made from recycled or biodegradable materials. This aligns with the French culture's focus on sustainability and a desire to minimize their carbon footprint. Additionally, the rise of the DIY movement has led to a demand for more durable and long-lasting tools, further fueling the popularity of eco-friendly options.

Trends in the market: In France, the Tools & Machines Market within the DIY & Hardware Store Market is experiencing a growing trend towards sustainable and environmentally-friendly products. This has led to an increase in demand for eco-friendly tools and machines, as well as a rise in the usage of recycled materials in their production. This trend is significant as it reflects a shift in consumer preferences towards more sustainable options. For industry stakeholders, it is important to adapt and offer these products to meet the changing demands of the market. Additionally, it presents a business opportunity for companies to innovate and differentiate themselves in a competitive market.

Local special circumstances: In France, there is a strong emphasis on sustainability and eco-friendliness within the DIY & Hardware Store Market. This is reflected in the Tools & Machines Market, with an increasing demand for products that are energy-efficient and made from environmentally friendly materials. Additionally, regulations and policies promoting sustainable practices in construction and home improvement projects drive the market. Cultural factors such as the French preference for DIY projects also contribute to the growth of the Tools & Machines Market, as more individuals opt for DIY solutions for home improvement projects.

Underlying macroeconomic factors: The Tools & Machines Market within the DIY & Hardware Store Market in France is strongly impacted by macroeconomic factors such as the overall economic health of the country, global economic trends, and fiscal policies. France has a robust economy with a strong focus on manufacturing and technological innovation, which in turn drives the demand for tools and machines within the DIY & Hardware Store Market. Additionally, the government's support for small businesses and investments in infrastructure also contribute to the growth of this market. However, uncertain economic conditions such as Brexit and the trade war between the US and China may have a negative impact on the market in the coming years.

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.