Overview and Scope
An angle grinder is a powerful tool that may be used to cut, grind, and polish a variety of materials, including metal, stone, and concrete. These are powered by electricity, either corded or battery powered.
Sizing and Forecast
The angle grinder market size has grown steadily in recent years. It will grow from $3.14 billion in 2023 to $3.25 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to rise in construction and renovation activities, increased popularity of do-it-yourself (diy) projects, rise of e-commerce platforms, shortage of skilled labor in various industries, growth of the metal fabrication industry.
The angle grinder market size is expected to see steady growth in the next few years. It will grow to $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increasing demand for construction and renovation, rapid urbanization and industrialization, market expansion and global diversity, increasing popularity of do-it-yourself (diy) projects, rising emphasis on sustainable activities. Major trends in the forecast period include integration of iot and ai technologies, advancements in material processing, increasing popularity of brushless motors in angle grinders, growing emphasis on safety features, development of cordless angle grinders.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/angle-grinder-global-market-report
Segmentation & Regional Insights
The angle grinder market covered in this report is segmented –
1) By Type: Electric Angle Grinder, Pneumatic Angle Grinder, Cordless Angle Grinder
2) By Distribution Channel: Online, Offline
3) By Application: Metal Processing, Wood Processing, Construction, Automotive, Aerospace, Aquaculture, Agriculture, Other Applications
Asia-Pacific was the largest region in the angle grinder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the angle grinder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=12624&type=smp
Major Driver Impacting Market Growth
The increasing demand for construction activities is expected to propel the growth of the angle grinder market going forward. Construction activities refer to a wide range of operations involved in creating, modifying, or repairing structures, infrastructure, and facilities. Angle grinders with metal-cutting discs are frequently used in construction projects to cut metal components like pipes, rebar, steel plates, or structural parts. They offer a rapid and effective way to make fine cuts. For instance, in July 2023, according to the reports shared by the United States Census Bureau (USCB), a US-based government agency, the amount spent on construction in February 2023 was $1.84 billion. The first two months of this year saw a $260.8 billion increase in construction investment, a 5.9 percent (1.2 percent) gain over USD 246.1 billion for the same period in 2022. Public construction had made an investment of USD 388.0 billion, while private construction made a USD 1.45 billion investment in 2022. Therefore, the increasing demand for construction is driving the growth of the angle grinder market.
Key Industry Players
Major companies operating in the angle grinder market report are Robert Bosch GmbH, Hitachi Ltd., 3M, FLEX GmbH, Wurth Group, Emerson Electric Co., Stanley Black & Decker Inc., Atlas Copco Group, Techtronic Industries Company Limited, Hilti Corporation, Makita Corporation, Positec Machinery Co. Ltd., Jiangsu Dongcheng Power Tools Co. Ltd., Chicago Pneumatic, AEG Power Tools, C. & E. Fein GmbH, Bosun Co. Ltd., Metabo HPT, Festool Power Tools, Walter Surface Technologies, General Tools And Instruments LLC, Jiangsu Guoqiang Tools Co. Ltd., SKIL Power Tools, Fiamgroup, JK Files & Engineering Limited.
The angle grinder market report table of contents includes:
1. Executive Summary
2. Angle Grinder Market Characteristics
3. Angle Grinder Market Trends And Strategies
4. Angle Grinder Market – Macro Economic Scenario
5. Global Angle Grinder Market Size and Growth
.
.
.
31. Angle Grinder Market Other Major And Innovative Companies
32. Global Angle Grinder Market Competitive Benchmarking
33. Global Angle Grinder Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Angle Grinder Market
35. Angle Grinder Market Future Outlook and Potential Analysis
36.Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
