United Kingdom - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPower Tool Imports in the UK Drop by 10% to $778 Million in 2023
United Kingdom Power Tool Imports
In 2023, supplies from abroad of power tools decreased by -23.9% to 11M units, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Imports peaked at 21M units in 2021; however, from 2022 to 2023, imports failed to regain momentum.
In value terms, power tool imports reduced to $778M (IndexBox estimates) in 2023. Overall, total imports indicated a measured expansion from 2013 to 2023: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -32.8% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $1.2B. From 2022 to 2023, the growth of imports remained at a lower figure.
| COUNTRY | Import Value of Power Tool in United Kingdom (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 291 | 389 | 408 | 398 | 418 | 410 | 396 | 423 | 706 | 565 | 471 |
| Czech Republic | 22.4 | 18.6 | 8.2 | 51.7 | 47.7 | 37.7 | 38.9 | 48.7 | 33.7 | 50.9 | 58.6 |
| Romania | 1.2 | 0.1 | 0.6 | 0.4 | 0.6 | 35.0 | 35.5 | 59.6 | 92.7 | 38.0 | 53.4 |
| Germany | 81.9 | 83.4 | 90.9 | 94.9 | 102 | 102 | 79.8 | 95.3 | 71.9 | 48.1 | 41.0 |
| Hungary | 18.9 | 12.7 | 10.9 | 9.7 | 50.1 | 36.7 | 28.1 | 43.4 | 49.0 | 45.5 | 26.1 |
| Austria | 14.3 | 18.9 | 18.2 | 17.1 | 20.5 | 23.0 | 19.7 | 17.3 | 22.9 | 22.9 | 25.3 |
| Mexico | 0.5 | 1.3 | 2.0 | 1.8 | 2.0 | 2.2 | 2.5 | 2.1 | 7.6 | 12.4 | 17.4 |
| Belgium | 24.4 | 36.5 | 16.5 | 14.5 | 31.1 | 37.4 | 26.2 | 26.9 | 47.0 | 0.8 | 0.8 |
| Others | 61.9 | 67.6 | 96.6 | 66.2 | 67.6 | 67.7 | 71.7 | 86.7 | 127 | 75.8 | 83.8 |
| Total | 517 | 628 | 652 | 654 | 740 | 751 | 698 | 803 | 1,158 | 860 | 778 |
Imports by Country
In 2023, China (8.1M units) constituted the largest power tool supplier to the UK, accounting for a 73% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (617K units), more than tenfold. Hungary (522K units) ranked third in terms of total imports with a 4.7% share.
From 2013 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and Hungary (+0.0% per year).
In value terms, China ($471M) constituted the largest supplier of power tools to the UK, comprising 61% of total imports. The second position in the ranking was held by the Czech Republic ($59M), with a 7.5% share of total imports. It was followed by Romania, with a 6.9% share.
From 2013 to 2023, the average annual growth rate of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+10.1% per year) and Romania (+46.8% per year).
Imports by Type
In 2023, in-hand motor grinders, sanders and planers (6.9M units) constituted the largest type of power tools supplied to the UK, accounting for a 62% share of total imports. Moreover, in-hand motor grinders, sanders and planers exceeded the figures recorded for the second-largest type, saws for working in the hand, with self-contained electric motor (2.1M units), threefold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of in-hand motor grinders, sanders and planers imports stood at +1.5%. With regard to the other supplied products, the following average annual rates of growth were recorded: saws for working in the hand, with self-contained electric motor (+4.5% per year) and drills of all kinds for working in the hand, with self-contained electric motor (-3.1% per year).
In value terms, in-hand motor grinders, sanders and planers ($458M) constituted the largest type of power tools supplied to the UK, comprising 59% of total imports. The second position in the ranking was taken by drills of all kinds for working in the hand, with self-contained electric motor ($187M), with a 24% share of total imports.
Import Prices by Country
In 2023, the power tool price amounted to $70 per unit (CIF, United Kingdom), jumping by 19% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($149 per unit), while the price for Hungary ($50 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Romania (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the power tool market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241190 -
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
