Steffen Thiel

Sep 23, 2024 | rolandberger.com | Sven Siepen |Steffen Thiel |Stefan Krieger

BySven Siepen,Steffen Thiel andStefan Krieger After several years of strong growth, the power tool and outdoor power equipment (OPE) industry has reached a turning point. In 2023, nearly all major players reported a decline in top-line growth due to post-pandemic market corrections. Increased margin pressure has shifted the focus toward cost reduction initiatives, yet the hoped-for recovery has not materialized in the first half of 2024.