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Pharmacy benefit management market
Power Angle Grinder Market Report Overview
The global power angle grinder market size was USD 1854 million in 2022 and market is projected to touch USD 2527.28 million by 2032 at CAGR 3.1% during the forecast period.
The power angle grinder market is witnessing substantial growth, fueled by increasing global construction and infrastructure development activities. The surge in demand for efficient tools, especially in metal fabrication, welding, and cutting tasks, is a primary catalyst. Additionally, the market is experiencing notable growth with the rising adoption of cordless models, driven by their enhanced portability and convenience. Cordless angle grinders are gaining popularity among both professionals and do-it-yourself (DIY) enthusiasts, offering seamless operation without the constraints of power cords. The confluence of these factors highlights the significant market expansion observed in recent years.
COVID-19 Impact: Demand Declined Due to Lockdowns and Economic Slowdowns
The 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 the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic exerted profound impacts on the power angle grinder market. The initial disruptions in manufacturing and supply chains resulted in decreased production and availability of angle grinders. Lockdowns and economic slowdowns further intensified the challenges, leading to a decline in demand from both the professional and DIY sectors. The constraints imposed by the pandemic significantly affected the market's dynamics, with reduced consumer spending and disruptions in the overall supply chain creating a challenging landscape for the power angle grinder market.
Latest Trends
"Focus on Safety and Ergonomics to Minimize Potential Injury Risk and Enhance Comfort"
The latest trend in the power angle grinder market centers around a heightened focus on safety and ergonomics. Angle grinder manufacturers are prioritizing features that not only minimize risk but also enhance user comfort. One significant advancement involves kickback reduction systems, designed to prevent the grinder from unexpectedly lurching if the disc binds, thereby reducing the risk of injuries. Complementing this is the integration of electronic braking systems that swiftly bring the disc to a stop upon trigger release, contributing to enhanced control and overall safety.
Furthermore, the incorporation of vibration control technology, encompassing rubberized grips and dampening mechanisms, serves to minimize vibration. This not only reduces operator fatigue during extended use but also significantly improves comfort. These safety and ergonomic enhancements underscore the industry's commitment to providing users with tools that prioritize their well-being and overall user experience.
Power Angle Grinder Market Segmentation
- By Type Analysis
Based on type, the global market can be categorized into 2-position side handles and 3-position side handles.
2-position side handles: The 2-position side handle configuration offers a focused, stable experience for power angle grinders. The fixed handle positions, typically angled at 45 degrees and 90 degrees, provide optimal control for precise cutting and grinding tasks. This setup is often preferred by professionals and experienced users who prioritize accuracy and control over versatility.
3-position side handles: In contrast, the 3-position side handle configuration prioritizes flexibility and adaptability. With three fixed handle positions, typically at 45 degrees, 90 degrees, and 180 degrees, users can adjust their grip to suit different cutting angles and positions. This makes 3-position grinders ideal for DIY enthusiasts and users tackling diverse tasks where adaptability is key.
- By Application Analysis
Based on application, the global market can be categorized into metal processing, wood processing, construction, and others.
Metal processing: The metal processing segment in the power angle grinder market encompasses tools specifically tailored for tasks related to metal fabrication, welding, and cutting. These grinders are engineered to provide precision and efficiency in shaping and manipulating various metal materials.
Wood processing: In the wood processing segment, power angle grinders are configured to address the specific needs of woodworking applications. These grinders are adept at tasks such as shaping, carving, and smoothing wood surfaces.
Construction: The construction segment of the power angle grinder market encompasses versatile tools designed for a wide range of applications in the construction industry. These grinders are indispensable for tasks like surface preparation, material removal, and cutting in construction projects.
Driving Factors
"Booming Construction and Infrastructure Development to Drive Market Growth"
The robust growth in construction and infrastructure development is a significant driving factor for the power angle grinder market growth. This surge in construction activities generates a heightened demand for angle grinders, particularly in metal fabrication, welding, and cutting tasks. As construction projects expand globally, the need for efficient tools like angle grinders intensifies, propelling the market forward.
"Increasing Adoption of Cordless Models to Boost Market Expansion"
The power angle grinder market is experiencing a notable boost due to the rising adoption of cordless models. This shift in preference is driven by the enhanced portability and convenience offered by cordless angle grinders, which attract both professionals and DIY enthusiasts alike. The cordless feature allows users to move freely without the constraints of power cords, making these models increasingly popular in various applications. This trend contributes significantly to the growth and expansion of the power angle grinder market.
Restraining Factor
"Safety Concerns to Limit Product’s Rising Demand"
Inherent high-risk characteristics, including the potential for kickback, dust exposure, and user fatigue, pose significant safety challenges for power angle grinders. Stringent safety regulations and heightened concerns about potential injuries serve as restraining factors, casting a shadow over market growth. Addressing these safety issues becomes imperative to alleviate industry apprehensions and foster sustainable market expansion.
Power Angle Grinder Market Regional Insights
"Asia Pacific to Lead the Global Market Due to Region’s Extensive Infrastructure Development"
"The market is primarily segregated into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa."
Asia Pacific region is poised to lead the global power angle grinder market share, driven by the tandem forces of rapid urbanization and extensive infrastructure development. The surging demand for efficient tools in construction activities, coupled with the presence of key market players strategically positioned in the region, solidifies its dominance. As urban centers expand and large-scale infrastructure projects proliferate, the need for power angle grinders continues to grow, positioning the Asia Pacific market as a key player in the global landscape.
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 of 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 portfolios.
List of Market Players Profiled
- Bosch (Germany)
- DeWalt (U.S.)
- Erbauer (U.K.)
- Makita (Japan)
- Stanley Black & Decker (U.S.)
- TTI (Hong Kong)
- Hitachi (Japan)
- Hilti (Liechtenstein)
- Wurth (Germany)
- Fein (Germany)
- Positec Machinery (China)
- Devon (U.S.)
- Ken Tools (U.S.)
- Boda (China)
- Bosun (China)
INDUSTRIAL DEVELOPMENT
March 2021: Makita, a prominent player in the power angle grinder market, made a notable industrial development by launching an advanced series of brushless angle grinders. The new series included three models that are the GAG04Z, the XAG26Z, and the XAG28Z1. These models have various features and technologies, such as an electric brake, AWS® capability, AFT®, and anti-restart protection. Additionally, the new series featured enhanced motor efficiency, longer tool life, and improved performance compared to traditional brushed models. Makita's commitment to innovation and product improvement contributed to this industrial development.
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 |
---|---|
Market Size Value In |
US$ 1854 Million in 2022 |
Market Size Value By |
US$ 2527.28 Million by 2032 |
Growth Rate |
CAGR of 3.1% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the global power angle grinder market expected to touch by 2032?
The global power angle grinder market is expected to reach USD 2527.28 million by 2032.
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What CAGR is the power angle grinder market expected to exhibit by 2032?
The power angle grinder market is expected to exhibit a CAGR of 3.1% by 2032.
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What are the driving factors of the power angle grinder market?
The key driving factors include booming construction and infrastructure development and the increasing adoption of cordless models in various applications.
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What are the key power angle grinder market segments?
The key market segments include types such as 2-position side handle and 3-position side handle and applications such as metal processing, wood processing, construction, and others.