Battery Operated Grease Gun Market Report Overview
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The global battery operated grease gun market size was USD 1.038 billion in 2021 and is projected to touch USD 1.600 billion by 2028, exhibiting a CAGR of 6.3% during the projected period.
A battery operated grease gun is indeed a basic grease gun which has been connected to a rechargeable batteries and is operated by pushing down the trigger in the same way in which other manual grease gun is utilized. A battery operated grease gun, as opposed to a mechanical grease gun, is driven by electricity rather than human force. This means that no pressure or manual effort is required; it will programmatically compress and start releasing the grease as required. When one’s hands are full, users have to grease multiple parts, or the user in a confined space, battery-powered grease guns can come in handy. Many distinct lubricant kinds, including white or red lithium, can be used in battery-powered grease guns. Users can usually work faster if they use a quick-priming battery-powered grease gun.
COVID-19 Impact: Supply and Lockdown Limitations to Decline Market Advancement
The global COVID-19 pandemic has been unprecedented and staggering, with battery operated grease gun lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The impacts of the COVID-19 disease outbreak are currently being felt on a global scale, with disruptions affecting the worldwide battery operated grease gun market growth. Covid-19 had a detrimental effect on many markets in 2020. Several countries declared a state of emergency. The unexpected pandemic caused disruptions in all types of businesses. Various types of markets were adversely affected by the pandemic's many restrictions.
Many operations such as agricultural operations, construction activities, followed by many other manufacturing or production were prohibited due to global restrictions, which influenced the requirement of this machinery and equipment. The utilization of the machinery was impacted and felt, and manufacturing was also halted, creating supply barriers. Growth in the battery operated grease gun historical period was driven by increased desire for strong economic expansion in developing markets, increased production capacity. The market was constrained by geopolitical tensions due to the pandemic. Government policies, increased capital spending on infrastructure development, increased construction activities, and better logistics infrastructure will drive growth in the future.
LATEST TRENDS
"Emerging Usage of Commercial and Industrial Guns to Enhance Market Growth "
Because of their low cost and broad range of residential applications, lever-operated as well as hand pumps are the most commonly used types worldwide. These grease guns are mainly used to apply grease to mower, chainsaws, automobiles, and other similar items. The global grease gun market can be divided into three segments based on end-user: residential, commercial, and industrial. Commercial grease guns are mostly used in car garages, while industrial grease gun is used in production plant equipment and machines. The global battery operated grease gun market is divided into two segments based on distribution channel: online and offline. Online channels are further subdivided into corporate owned webpages and third-party websites, whereas offline channels are further subdivided into specialty shops, supermarkets & hypermarkets, and department stores, among others.
Battery Operated Grease Gun Market Segmentation
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By Type
Based on type; the market is divided into 12V, 18V, 20V, and other
12V type is the leading part of the type segment
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By Application
Based on the application; the market is divided into Industrial, Agriculture, Construction, Automotive, Others
Industrial are the leading part of the application segment
DRIVING FACTORS
"Avoidance of User Fatigue Feature to Assist Market Development"
The ability of a battery-powered grease gun to avoid user fatigue is its most significant advantage. If users know they are working on dozens of cars or have a lengthy job ahead of oneself, a battery-powered grease gun could be the way to go. It will additionally help users finish the job faster. These will, once again, be much more costly than a mechanical gun. Battery-powered grease guns can also endure cold temperatures effectively, enabling users to employ them in cold weather without worrying about the grease solidifying.
"Hassle Free and Time Commitment Feature to Foster Market Share "
Furthermore, battery-powered grease guns are best suited for experienced people. When using a manual gun, user has a better idea because the user is physically trying to pump the lubricant over onto required fixture. Battery-powered grease guns have a lengthier charge time, a shortened battery life over period, and the batteries are expensive. When it comes to the best battery powered grease guns, they can get the job done without the hassle and time commitment that manual options require. Therefore, the time commitment and durability of the equipment will improve the battery operated grease gun market share.
RESTRAINING FACTORS
"Difficult Installation Procedures and High Purchasing Cost to Deplete Market Growth "
A variety of factors can contribute to the global expansion of the battery operated grease gun market growth. Installation of the machine is a bit complicated as it requires a necessary check for all to ensure for the appropriate working of the battery operated grease gun. Incorrect use of grease guns, on the other hand, can result in serious machine health risks such as damaged bearing seals, collapsed bearing shields, and environmental issues.
Furthermore, economic and regulatory policies, as well as fluctuations in raw material prices, are expected to limit the growth of the grease guns market during the forecast period. Each installation must be carefully planned and executed, which sometimes calls for an expert with extensive installation experience. Furthermore, there is a huge requirement for a check for ensuring cleanliness as they can be sometimes reactive to the changes that occur in the environmental conditions. During the anticipated period, the battery operated grease gun market share is anticipated to be hindered by difficult installation procedure and the maintenance cost and procedures.
Battery Operated Grease Gun Market Regional Insights
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"Do it Yourself Movement to Foster Market Growth in North America"
The North America battery operated grease gun market is expected to grow significantly over the forecast period. Furthermore, the rise of the "Do It Yourself" movement in places like North America has expanded the market for battery operated grease gun. Grease guns are commonly used in residential settings. Furthermore, the rise of online portals has enhanced the battery operated grease gun market sale in North America region.
KEY INDUSTRY PLAYERS
"Notable Players in the Industry to Promote Market Expansion "
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the health diaphragm valves market share features, and market growth by type, industry, and customer sector.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
List of Market Players Profiled
- Lincoln (U.S.)
- Milwaukee (U.S.)
- Dewalt (U.S.)
- Legacy (U.S.)
- Ingersoll-Rand (U.S.)
- Plews & Edelmann (U.S.)
- Pressol (Germany)
- Ampro Tools (U.S.)
REPORT COVERAGE
The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.
The report also examines the equipment market's current state of development and its overall market trend. It also separates the market by categories based on type and applications in order to conduct a detailed study and demonstrate the industry's characteristics and prospects. By taking into account a range of elements, such as growth rate, trends, industrial advancements, technologies, growth, distribution, and barriers, it offers a thorough assessment as well as a detailed analysis.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1.038 Billion in 2021 |
Market Size Value By |
US$ 1.6 Billion by 2028 |
Growth Rate |
CAGR of 6.3% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the battery operated grease gun market expected to touch by 2028?
Based on our research, the global battery operated grease gun market is projected to touch USD 1.600 billion by 2028.
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What CAGR is the battery operated grease gun market expected to exhibit by 2028?
The battery operated grease gun market is expected to exhibit a CAGR of 6.3% by the forecasted year 2028.
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What are the driving factors of the battery operated grease gun market?
Avoidance of user fatigue feature and hassle free and time commitment feature, to drive the battery operated grease gun market.
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Which are the top companies operating in the battery operated grease gun market?
Lincoln, Milwaukee, Dewalt, Legacy, Ingersoll-Rand, Plews & Edelmann, Pressol, Ampro Tools are the top companies operating in the battery operated grease gun market.