German ecommerce boom: Construction industry drives up sales of power tool accessories
Power tool accessories have seen a significant increase in sales in Germany over the past few years, driven by the construction industry.
According to a report by the German Power Tool Association (FWI), sales of power tool accessories grew by 6.5% in 2018, reaching a total of €1.1 billion. This growth was driven by increased demand for power tool accessories from the construction industry, which accounted for 60% of total sales.
The most popular power tool accessories in Germany are drill bits, saw blades, and sanding discs. Drill bits account for the largest share of sales, with a market share of 30%. Saw blades account for 20% of sales, and sanding discs account for 15% of sales.
The German power tool accessories market is dominated by a few large players, including Bosch, Hilti, and Würth. Bosch is the market leader, with a market share of 30%. Hilti and Würth have market shares of 20% and 15%, respectively.
The growth of the German power tool accessories market is expected to continue in the coming years, driven by the continued growth of the construction industry.
Komentar