Europe: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Europe

The Europe market for in-hand motor grinders, sanders and planers surged to $X in 2021, increasing by 41% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +88.0% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers in Europe

In value terms, production of in-hand motor grinders, sanders and planers expanded slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6.2%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Europe

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 29% to X units, rising for the second year in a row after two years of decline. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.9% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X units) represented the main exporter of in-hand motor grinders, sanders and planers, generating 32% of total exports. The Netherlands (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (9%), Hungary (8.3%), Romania (8%) and Austria (7.8%). Spain (X units), Poland (X units), France (X units), the Czech Republic (X units) and Sweden (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from Germany stood at +8.5%. At the same time, Spain (+22.7%), the Netherlands (+17.2%), Austria (+15.7%), Poland (+15.4%), Romania (+13.3%), Belgium (+8.2%), Sweden (+8.1%), France (+7.0%), Hungary (+5.1%) and the Czech Republic (+1.7%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +22.7% from 2012-2021. While the share of the Netherlands (+5.3 p.p.), Austria (+3.2 p.p.), Spain (+2.6 p.p.), Romania (+2.3 p.p.) and Poland (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-1.8 p.p.), the Czech Republic (-2.8 p.p.) and Hungary (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Europe, comprising 34% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.1% share of total exports. It was followed by Austria, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+5.0% per year) and Austria (+12.1% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, picking up by 6.2% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2018 an increase of 7.2%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.9%), while the other leaders experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Europe

In 2021, approx. X units of in-hand motor grinders, sanders and planers were imported in Europe; rising by 44% on the previous year. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. In general, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units), Russia (X units), France (X units), the UK (X units), Belgium (X units), Poland (X units), Spain (X units), Austria (X units) and Italy (X units) represented roughly 82% of total imports in 2021.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor importing markets in Europe were Germany ($X), France ($X) and Belgium ($X), together comprising 39% of total imports. These countries were followed by the UK, the Netherlands, Russia, Poland, Austria, Italy and Spain, which together accounted for a further 40%.

The Netherlands, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, leveling off at the previous year. In general, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 5.7% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform