Straight Grinders Market Size, Share, Growth, and Industry Growth, By Type (Cordless, Electric, and Pneumatic), By Application (Metal Processing, Wood Processing, and Others), Regional Forecast From 2022 to 2028

Updated On: 08 April 2024

Straight Grinders Market Report Overview

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The global straight grinders market size was worth US$ 557.4 million in 2021 and the market is projected to expand by 2028, exhibiting a CAGR of 2.7% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Straight grinders are handheld tools for sanding, polishing, honing, grinding, or machining materials such as plastic, metal, or wood. The rising applications of the equipment in the automotive industry and metal fabrication are forecasted to propel the market growth. These grinders are helpful in the elimination of unneeded and unfinished pieces in the metal production sector. Products made of metal are used in end-use sectors like machinery and building. Straight and right-angle die grinders are frequently used in the automotive industry to produce cars and electric vehicles. 

This equipment removes unwanted and unfinished materials in the metal fabrication industry. It is either electric or pneumatic. These are also used for boilermakers, sheet metal workers, welders, ironworkers, such as HVAC specialists and other fabricators. It is projected that demand from the automobile industry, particularly in tool manufacture, will be the main driver of grinding machine sales. Also, as high accuracy is possible with CNC grinding machines, rising consumer demand for effective and exact products is projected to promote grinding machine sales.

COVID-19 Impact: Shutdown of Manufacturing Industries Impeded Market Growth

The effects of the pandemic were felt in every industry, including machinery, metalworking, and the automotive industry. Large-scale Chinese manufacturing exports have caused disruptions. Meanwhile, the lockdown in the United States has led to plant closures, exerting even more severe pressure on the global supply base and putting businesses and customers at danger. The pandemic has caused a shift in the supply chain worldwide, impacting the metalworking, industrial, automotive, and other industries. In turn, this is upsetting the market and causing a downward change in product demand. Abrasives are frequently discovered in nature through the extraction process underground, including boron nitride, silicon carbide, aluminum oxide, and others. Mining operations have been impacted, which has further impacted product demand. Strict

LATEST TRENDS

"Expansion of Machinery and Equipment Sector to Elevate Market Growth"

The need for advanced machinery and equipment is rising which is likely to propel the straight grinders market growth in the forecast period. Metal exteriors are used on electronics and electrical machines as a form of shock absorption. Processing techniques like bending, cutting, welding, machining, and forming are needed to create these metal covers. Thus, a rise in the need for electrical and electronic devices is anticipated to increase demand for die grinders. Moreover, the use of die grinders is expanding in the automotive and metal manufacturing industries. In the not-too-distant future, straight grinder usage is anticipated to rise steadily.

Straight Grinders Market Segmentation

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• By Type Analysis

By type, the market is segmented into cordless, electric, and pneumatic.

• By Application Analysis

Based on application, the market is classified into metal processing, wood processing, and others.

DRIVING FACTORS

"Constant Innovations in the Industry to Surge Market Growth"

Because of ongoing product innovation, it is projected that the global market for straight grinders will accelerate its expansion. An increase in R&D efforts may be essential for the market for straight grinders to expand globally. The growth of the worldwide straight grinders market is anticipated to be influenced by the expansion of the building industry in important regions. The growing interest in home renovations is another factor that could boost the expansion of the worldwide straight grinders market. However, increasing maintenance operations in the commercial sector is anticipated to help the worldwide straight grinders market.

"Higher Durability of the Product to Augment Product Demand"

The straight grinders market growth for goods that can endure more rigorous applications than the typical ones. While choosing straight grinders for their needs, buyers may prioritize increased productivity and durability. These factors contribute to the straight grinders market growth. To choose the best straight grinders for their purposes, consumers are also asked to consider additional characteristics, including low maintenance, improved lengthy service intervals, operator comfort and safety, optimal process speed, and brief process time.

RESTRAINING FACTORS

"The Unavailability of Advanced Tools to Affect Market Growth"

The fluctuating prices of raw materials are estimated to challenge market growth. A fleet in the rising cost of raw materials is estimated to resist market expansion. 

Straight Grinders Market Regional Insights

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"North America to Lead Due to the Strong Presence of Manufacturing Sectors in the Region"

North America is expected to lead the straight grinders market share owing to the presence of large manufacturing sectors in the region. Additionally, the rising demand for equipment from automotive sectors in the U.S. is predicted to surge regional growth.

Asia pacific is predicted to show significant growth owing to the region paying emphasis on machine tools for commercial, residential, and industrial sectors. 

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis On the Development of Advanced Technology"

Key market players are investing heavily on the research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

List of Market Players Profiled

• Bosch (Germany)
• Stanley Black & Decker (U.S.)
• Atlas Copco (Sweden)
• Makita (Japan)
• TTI (China)
• Wurth (Germany)
• FLEX Power Tools (Germany)
• Ingersoll Rand (U.S.)
• Fein (Germany)
• Koki Holdings (Germany)
• PFERD (Germany)
• Dongcheng Tools (India)
• BIAX Schmid & Wezel (Germany)
• Deprag (Germany)
• Narex (U.S.)
• Mannesmann Demag (Germany)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.