European Woodworking Power Tools Market Is Expected To Be Worth US$ 363.9 Million Through 2030, Future Market Insights | Scoop News

2022-08-19 20:36:44 By : Mr. frank lin

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According to a new study by Future Market Insights, the rise of the European woodworking power tools market has been largely associated with the region’s construction and carpentry sectors (FMI). The European woodworking power tools market is expected to be worth US$ 363.9 million in 2030, with Germany, the United Kingdom, and France leading the way.

The EU is increasing its efforts to prevent climate change and reduce its carbon footprint, and the European timber sector is investing and legislating towards sustainable forest sources in terms of local wood and imports, which could indirectly influence pricing of woodworking operations and associated power tool sales, according to the report.

According to the report, market participants can increasingly focus their offerings on repair, renovation, and maintenance applications to broaden the market.

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“In line with the rapid surge in demand for smart technologies and connectivity in woodworking, major market players in Europe have been using their expertise in developing sensor technology, services, and software to provide power tool solutions across domains to customers,” says analyst at FMI.

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The European woodworking power tools market is largely fragmented and competitive, and leading players are focusing on geographical and product line expansions, with acquisitions serving growing diversity in applications. For example,

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About Us: Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

© Scoop Media Future Market Insights Future Market Insights is the premier provider of market intelligence and consulting services Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices. Contact Future Market Insights Website - Reports Link - Published Reports Link - Upcoming Reports Link - Blogs Link - Media Center Event - Growth Opportunities in Vegan and Plant Based  

Future Market Insights is the premier provider of market intelligence and consulting services

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.

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