Research and Markets (http://www.researchandmarkets.com/research/xpbk9d/power_tools) has announced the addition of the "Power Tools Market in Europe 2015-2019" report to their offering.

The analysts forecast the power tools market in Europe to grow at a CAGR of 3.87% over the period 2014-2019.

The report, the Power Tools Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

In the last few years, there has been increased competition among vendors in the power tools market in Europe. This increase in competition has led to a decrease in the overall product pricing of power tools. As a result, there is a rising price war among market players. The market is also facing higher competition from Chinese power tool vendors that offer efficient, low-cost products. Many vendors have varying pricing strategies that are aimed at capturing significant market share. Though several vendors in the market are witnessing increased labor costs, they are absorbing these to provide cost-effective power tools. In addition, vendors focus on the development of economically priced products in an attempt to tap the micro, small, and medium-scale enterprise sectors.

There are several types of power tools:

- Engine-driven

- Electric

- Pneumatic

Gasoline is used to operate engine-driven power tools. Pneumatic power tools, on the other hand, operate on the effective deployment of compressors.

Power tools find application in the following:

- Drilling

- Screw driving

- Chiselling

- Planning

- Routing

- Sanding

- Buffing

- Polishing

- Levelling

Key Vendors

- Bosch

- Makita

- Stanley Black & Decker

- Techtronic Industries

Other Prominent Vendors

- Atlas Copco Electric Tools

- Baier

- Casals

- Collomix

- C. & E. Fein

- Duss

- Elektrowerkzeuge

- Festool

- Flex

- Hilti

- Hitachi Koki

- Husqvarna

- Interskol

- ITW

- Lamello

- Metabo

- Mirka

- Panasonic

- Peugeot

- Rupes

- Ryobi

- Skil

- Sparky Power Tools

- Stayer

- Stihl

For more information visit http://www.researchandmarkets.com/research/xpbk9d/power_tools

Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor E.S.T. Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716Sector: Machine Tools