ANGLE GRINDER MARKET REPORT OVERVIEW
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The global angle grinder market size was USD 2074.6 million in 2019 and the market is projected to touch USD 2505.2 million by 2026, exhibiting a CAGR of 2.7% during the forecast period.
An angle grinder is a versatile and powerful handheld tool commonly used in various construction, metalworking, and fabrication tasks. It consists of a motor-driven spindle to which a rotating abrasive disc or wheel is attached. The angle grinder's design allows it to be easily maneuvered and controlled by the operator, making it suitable for tasks such as cutting, grinding, polishing, and sanding. Its compact size and portability make it a popular choice for both professional tradespeople and DIY enthusiasts.
The tool's applications range from cutting through metal and concrete to smoothing and shaping surfaces. Different types of discs can be attached to the grinder, each serving a specific purpose. Safety precautions, such as the use of appropriate personal protective equipment like gloves and goggles, are crucial when operating an angle grinder due to the high-speed rotation of the disc. Additionally, proper technique and awareness of potential hazards contribute to the safe and effective use of this versatile tool in a variety of industrial and home improvement applications.
COVID-19 Impact: Market Growth Hampered by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The global pandemic disrupted supply chains worldwide due to lockdowns, travel restrictions, and factory closures. This led to shortages of raw materials and components, affecting the production and availability of angle grinders. Manufacturers faced challenges in maintaining regular production schedules, and delays in the supply chain impacted the overall market. Economic uncertainties during the pandemic influenced consumer spending patterns. Construction activities, which are a significant driver for the angle grinder market, were affected by lockdowns and social distancing measures. This led to fluctuations in the market as demand varied across different regions and sectors.
The pandemic brought about changes in consumer behavior, affecting the demand for angle grinders. With lockdowns and restrictions in place, construction and infrastructure projects faced delays, impacting the demand for tools like angle grinders. On the other hand, the increased focus on home improvement projects during lockdowns may have boosted demand among consumers for DIY tools. The global angle grinder market growth is anticipated to boost following the pandemic.
LATEST TRENDS
"Technological Advancements to Drive Market Growth"
Like many other industries, the tools market has been influenced by technological innovations. Advanced features such as improved motor efficiency, electronic controls, and ergonomic design have been incorporated into newer models of angle grinders. Manufacturers are likely to continue focusing on technological advancements to enhance performance, user safety, and overall efficiency. The popularity of cordless power tools, including cordless angle grinders, has been on the rise. Advances in battery technology have led to more powerful and longer-lasting batteries, making cordless tools a convenient choice for users who need mobility and flexibility in various work environments.
Safety remains a top priority in the tools industry. Manufacturers are incorporating safety features into angle grinders, such as kickback reduction mechanisms, electronic braking systems, and improved guard designs. These features aim to minimize the risk of accidents and injuries during operation.
ANGLE GRINDER MARKET SEGMENTATION
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- By Type
Based on type the global market can be categorized into Electric Angle Grinder and Pneumatic Angle Grinder.
An electric angle grinder is a power tool that operates using electricity to drive its motor, which, in turn, rotates an abrasive disc or wheel at high speeds. Electric angle grinders are powered by electricity and typically require an electrical outlet for operation. They come in corded and cordless (battery-powered) variants. electric angle grinders are versatile tools suitable for a wide range of applications, including cutting, grinding, polishing, and sanding. Different types of abrasive discs can be attached to the grinder, making it adaptable to various materials and tasks.
A pneumatic angle grinder, also known as an air angle grinder, operates using compressed air as its power source. These tools are commonly used in industrial settings and workshops. Pneumatic angle grinders are powered by compressed air, which is supplied through an air compressor. They require a pneumatic hose connection to deliver the compressed air to the tool.
- By Application
Based on application the global market can be categorized into Metal Processing, Wood Processing, Construction and Others.
Metal processing involves the use of various tools and techniques to cut, shape, and manipulate metal materials. Metal cutting in industries such as manufacturing, fabrication, and automotive often requires precision tools like saws, shears, and laser cutters.
Wood processing involves cutting and sawing wood materials to the desired dimensions. Tools such as circular saws, jigsaws, and band saws are commonly used for these tasks.
Construction involves various activities related to concrete, including mixing, pouring, and finishing. Tools such as concrete mixers, trowels, and power floats are used in concrete construction.
DRIVING FACTORS
"Versatility & Wide Applications to Boost the Market"
The versatility of angle grinders, capable of handling various attachments and discs for different tasks, makes them a go-to tool in multiple industries. The ability to perform tasks like cutting, grinding, polishing, and sanding with a single tool adds to its appeal across different user segments. Ongoing technological innovations in angle grinder design, including improvements in motor efficiency, ergonomic features, and safety mechanisms, drive market growth. Manufacturers strive to develop more advanced and user-friendly models to meet the evolving needs of consumers and professionals.
"Rise in DIY Culture to Expand the Market"
The do-it-yourself (DIY) culture has gained momentum, with more individuals taking on home improvement and crafting projects. This trend has increased the demand for user-friendly and accessible power tools, including angle grinders, among hobbyists and DIY enthusiasts. The growing trend of home improvement and renovation projects, particularly by DIY enthusiasts, contributes to the demand for angle grinders. These tools are used for various tasks, such as tile cutting, metal grinding, and surface preparation, making them popular among homeowners and hobbyists.
RESTRAINING FACTOR
"Availability of Alternatives to Potentially Impede Market Growth"
In certain applications, alternative tools or methods may be preferred over angle grinders. For example, specific cutting or grinding tasks may be performed more efficiently with specialized tools. The availability and adoption of alternative technologies can limit the growth of the angle grinder market in certain niches. The angle grinder market is competitive, with numerous manufacturers offering similar products. Intense competition can lead to price wars and reduced profit margins, affecting the overall financial health of companies operating in the market.
ANGLE GRINDER MARKET REGIONAL INSIGHTS
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"Asia Pacific Dominating the Market with Booming Construction Industry"
The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific has emerged as the most dominant region in the global angle grinder market share due to several factors. The Asia Pacific region has been experiencing rapid urbanization and industrialization, driving significant growth in the construction industry. Angle grinders are widely used in construction activities for tasks such as cutting, grinding, and polishing, making them essential tools in this booming sector. Many countries in the Asia Pacific region have been investing heavily in infrastructure development projects, including the construction of roads, bridges, airports, and buildings. These large-scale projects create a substantial demand for tools like angle grinders, contributing to the region's dominance in the market.
The growing middle class and increasing disposable incomes in many Asia Pacific countries have led to a rise in DIY and home improvement activities. Angle grinders are popular among DIY enthusiasts for tasks such as cutting tiles, grinding metal, and other home improvement projects.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Bosch [Germany]
- Stanley Black & Decker [U.S.]
- Makita [Japan]
- TTI (Techtronic Industries) [Hong Kong]
- Hitachi [Japan]
INDUSTRIAL DEVELOPMENT
December 2022: The Bosch GWS 750-100 is a versatile and powerful angle grinder designed for professional use in metalworking, construction, and other industrial applications. The GWS 750-100 is equipped with a high-performance motor, providing ample power for cutting, grinding, and other tasks.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2074.6 Million in 2019 |
Market Size Value By |
US$ 2505.2 Million by 2026 |
Growth Rate |
CAGR of 2.7% from 2019 to 2026 |
Forecast Period |
2022-2026 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the angle grinder market expected to touch by 2028?
The global angle grinder market is expected to reach USD 2505.2 million by 2028.
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What CAGR is the angle grinder market expected to exhibit by 2028?
The angle grinder market is expected to exhibit a CAGR of 2.7% by 2028.
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Which are the driving factors of the angle grinder market?
Versatility & Wide Applications and Rise in DIY Culture to Expand are some of the driving factors of the angle grinder market.
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What are the key angle grinder market segments?
The angle grinder market segmentation that you should be aware of, which include, based on type the angle grinder market is classified as Electric Angle Grinder and Pneumatic Angle Grinder. Based on application the angle grinder market is classified as Metal Processing, Wood Processing, Construction and Others.