Power-driven hand tools

A Statista DossierPlus on the power-driven hand tools market and its potential for collaborative consumption

DescriptionContent

During the last decade, the sharing economy has been on a constant rise in the most industrialized countries, becoming more and more popular in an increasing share of consumers. From the providers’ perspective, the sharing economy is shaped around three business models: Access-based, marketplace, and on-demand. All of them are based on the subscription to a (digital) platform to gain access to a set of shared goods or shared services (often offered in a Peer-to-Peer fashion), paying either a usage- or a subscription-fee rather than the traditional market price.

After having witnessed the successful development of sharing-based business models in popular consumer goods markets (above all, car-, bike-, and scooter-sharing), this DossierPlus focuses on power-driven hand tools and its sharing potential. Power-driven hand tools are defined as the items produced in the NACE sector 28.24, thus hand tools with self-contained electric or non-electric motor or pneumatic drive. Examples of power-driven hand tools are circular, reciprocating, and chain saws, drills and hammer drills, hand-help power sanders, pneumatic nailers, and grinders.

For a deeper insight, download our power-driven hand tools DossierPlus.

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