Power-Driven Hand Tool Manufacturing in Germany - Market Research Report (2013-2028)
Frankfurt, Germany
Last Updated: August 2023
WZ C28.24DERevenue
€8.7bn
Past 5-Year Growth
Profit
€XXX.Xm
Employees
16,276
Businesses
32
Wages
€X.Xbn
Power-Driven Hand Tool Manufacturing in Germany industry analysis
The power hand tool manufacturing industry produces important work tools for a wide range of other industries, including mechanical and automotive engineering, construction, and numerous skilled trades. Industry players have faced a number of challenges over the past five years, despite the opportunities for growth. As a result, sales increased only slightly by an average of 4.3% per year and are expected to be around €8.7 billion this year. Despite the robust growth of the construction industry during this period and the excellent order situation in numerous trades, the negative effects of the Corona crisis became apparent in this sector in the second half of the last five years. In addition to challenges in the automotive sector, such as high import duties and corona-related sales declines, the downturn in the economy had a negative impact on industry development. Even more serious, however, was the fierce competition among industry players, which led to intense price competition and is still continuing.The development of lithium-ion batteries has permanently changed the industry's product range, opening up new markets for companies. The tools produced can be used on the move thanks to the use of rechargeable batteries, thus opening up a wider field of applications. In addition, the performance of battery-powered devices is constantly increasing, so they can be used even when high performance is required. This is made possible, among other things, by brushless EC motors, which can drastically increase battery runtimes. Despite the weak sales development of the past five years, there is enormous growth potential in the industry. This can be seen from the current year's sales growth of 1.3%. Bosch Power Tools introduced nearly 100 new products in 2022 and recorded an increase in sales.Over the next five years, industry sales are expected to increase by an average of 5% per year. Industry players are expected to benefit from the introduction of multi-vendor battery systems. The growing market for power tools is expected to enable the industry to achieve further revenue growth in the future, with industry revenue expected to reach €11.1 billion in 2028. However, the tariffs imposed by the US on some of the industry's products at the end of 2019 show that trade relations with the important US market still pose some challenges.
Trends and Insights
- In the coming years, more and more battery-powered devices are likely to be developed in the industry. While the use of battery-powered tools used to be limited due to low power and short battery life, the range of applications has now expanded.
- The largest share of sales is generated with electric hand tools. The demand for cordless screwdrivers, pressing tools, fabric cutting machines as well as bellows and circular knife machines is particularly high.
- The South region has the highest share of the industry's operations. A particularly strong concentration is found in Baden-Württemberg. Almost all industry players have set up shop here.
- High import pressure from foreign manufacturers is intensifying competition. Nevertheless, small companies will still be able to hold their own in market niches.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 4.3 % over the past five years, to reach an estimated €8.7bn in 2023.
Trends and Insights
The industry must successfully meet the demand from different customer groups
- The hand tool industry produces many important devices that are used by many industries, ranging from industrial companies in the steel sector to mechanical engineering and the automotive sector. Companies in the hand tool sector form another important customer market for industry players.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Product innovations to provide incentive for new purchases
- The constant product improvements, which among other things lead to more durable products without much maintenance, contribute to a decreasing need for new equipment or the time until a new purchase becomes longer and longer. This is especially true for the DIY market.
Biggest companies in the Power-Driven Hand Tool Manufacturing in Germany
| Company | Market Share (%)
2023 | Revenue (€m)
2023 |
|---|---|---|
Robert Bosch Power Tools GmbH | 3,051.7 | |
Stihl Holding AG & Co. KG | 558.3 | |
Metabo GmbH | 217.7 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Electric hand tools, Tool parts and Electric grinding and planing machines. Electric hand tools is the largest segment of the Power-Driven Hand Tool Manufacturing in Germany.
Trends and Insights
Electric hand tools form the industry's top-selling product segment
- This segment includes various types of saws, including chain saws and jigsaws. In addition, hedge trimmers, grass trimmers and routers are included in this segment.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Mining, Quarrying & Construction Machinery Manufacturing in Germany
Complementors
- There are no industries to display.
International industries
- Power Tools & Other General Purpose Machinery Manufacturing in the US
- Power Tools & Other General-Purpose Machinery Manufacturing in Canada
- Machine Tool and Parts Manufacturing in Australia
- Hand Power Tool Manufacturing in the UK
Table of Contents
About this industry
Industry definition
This industry includes the manufacture of hand-held machines with built-in electric motor or non-electric or pneumatic power drive. This includes circular and jigsaws, drills, and grinding and polishing machines, among others. It does not include the manufacture of hand-held electric soldering and welding equipment or the manufacture of lifting and handling equipment such as hoists.
What's included in this industry?
Electric hand toolsTool partsElectric grinding and planing machinesElectric drillsCompanies
Robert Bosch Power Tools GmbHStihl Holding AG & Co. KGMetabo GmbHPurchase this report to view all 5 major companies in this industry.
Related Terms
EC MOTORSARBORISTLITHIUM-ION BATTERYOEM PRODUCTSIndustry Code
WZ 28.24 - Power-Driven Hand Tool Manufacturing in Germany
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
In the coming years, more and more battery-powered devices are likely to be developed in the industry. While the use of battery-powered tools used to be limited due to low po...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The largest share of sales is generated with electric hand tools. The demand for cordless screwdrivers, pressing tools, fabric cutting machines as well as bellows and circula...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The South region has the highest share of the industry's operations. A particularly strong concentration is found in Baden-Württemberg. Almost all industry players have set u...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
High import pressure from foreign manufacturers is intensifying competition. Nevertheless, small companies will still be able to hold their own in market niches.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Bosch is characterized by a particularly broad product range. In 2021 alone, over 100 new products were launched on the market in the power tools, garden tools, accessories a...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Robert Bosch Power Tools GmbH's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Stihl Holding AG & Co. KG's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Metabo GmbH's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Robert Bosch Power Tools GmbH, and factors influencing its performance in the industry
- Description and key data for Stihl Holding AG & Co. KG, and factors influencing its performance in the industry
- Description and key data for Metabo GmbH, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The hand tool industry is only regulated to a small extent. One of the key pieces of legislation is the Machinery Directive, which forms a uniform set of regulations for acci...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Volatile steel prices have been reflected in fluctuating profit margins in recent years. The U.S. government's import tariffs on some of the industry's product groups, which ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Germany include:
- German Federal Statistics Office (Destatis)
- European Statistics Office (Eurostat)
- United Nations Comtrade
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Power-Driven Hand Tool Manufacturing industry in Germany in 2024?
The market size of the Power-Driven Hand Tool Manufacturing industry in Germany is €8.7bn in 2024.
How many businesses are there in the Power-Driven Hand Tool Manufacturing in Germany industry in 2023?
There are 32 businesses in the Power-Driven Hand Tool Manufacturing industry in Germany, which has grown at a CAGR of 1.3 % between 2018 and 2023.
Has the Power-Driven Hand Tool Manufacturing industry in Germany grown or declined over the past 5 years?
The market size of the Power-Driven Hand Tool Manufacturing industry in Germany has been growing at a CAGR of 4.3 % between 2018 and 2023.
What is the forecast growth of the Power-Driven Hand Tool Manufacturing industry in Germany over the next 5 years?
Over the next five years, the Power-Driven Hand Tool Manufacturing industry in Germany is expected to grow.
What are the biggest companies in the Power-Driven Hand Tool Manufacturing market in Germany?
The biggest companies operating in the Power-Driven Hand Tool Manufacturing market in Germany are Robert Bosch Power Tools GmbH, Stihl Holding AG & Co. KG and Metabo GmbH
What does the Power-Driven Hand Tool Manufacturing in Germany include?
Electric hand tools and Tool parts are part of the Power-Driven Hand Tool Manufacturing industry.
Which companies have the highest market share in the Power-Driven Hand Tool Manufacturing in Germany?
The company holding the most market share in Germany is Robert Bosch Power Tools GmbH.
How competitive is the Power-Driven Hand Tool Manufacturing industry in Germany?
The level of competition is high and steady in the Power-Driven Hand Tool Manufacturing industry in Germany.
