Overview and Scope
A battery-operated grease gun is a battery-powered handheld tool used for lubrication in heavy equipment and machinery applications. It is designed to inject heavy lubricating grease into machine parts.
Sizing and Forecast
The battery operated grease gun market size has grown strongly in recent years. It will grow from $1.18 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to traditional manual grease application methods, industrial growth and machinery usage, maintenance needs in automotive and manufacturing sectors, initial adoption of power tools, rise in awareness of equipment lubrication.
The battery operated grease gun market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for efficient maintenance tools, growth in manufacturing and automotive industries, adoption of battery-operated tools for convenience, emphasis on preventive maintenance, expansion of the aftermarket for maintenance tools. Major trends in the forecast period include integration of smart technology in grease gun design, development of high-capacity and fast-charging batteries, rise in demand for eco-friendly lubrication solutions, customization options for diverse industrial needs, adoption of ergonomic and user-friendly designs.
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Segmentation & Regional Insights
The battery operated grease gun market covered in this report is segmented –
1) By Type: 12V, 18V, 20V, Other Types
2) By Loading: Bulk Loading, Cartridge Loading, Suction Loading
3) By Application: Industrial, Agriculture, Construction, Automotive, Other Applications
North America was the largest region in the battery-operated grease gun market in 2023. The regions covered in the battery operated grease gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for construction activities is expected to propel the growth of the battery-operated grease gun market going forward. Construction activities refer to the processes involved in building new structures, renovating or repairing existing systems, and maintaining the functionality and safety of buildings, infrastructure, and other facilities. Grease guns are commonly used in the construction industry for applying lubricants to various components such as bearings, joints, hinges, and fasteners in machinery, equipment, and structures, ensuring smooth operation, preventing wear and tear, and extending their lifespan. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the increasing demand for construction is driving the growth of the battery-operated grease gun market.
Key Industry Players
Major companies operating in the battery operated grease gun market report are Wilmar Corporation, Makita Corporation, Ingersoll-Rand Ltd., Lincoln Electric Co., Graco Inc., Milwaukee Electric Tool Corp., Trico Corporation, Samson Corporation, Groz Engineering Tools Pvt. Ltd., Ryobi Ltd., SKF Group, Beta Tools Pvt. Ltd., Lumax Industries Ltd., Plews & Edelmann Co., Legacy Manufacturing Co., Pressol Schmiergeräte GmbH, Macnaught Pty Ltd., Omega Lift Services Ltd., Ampro Tools Pte Ltd., Alemite LLC, ARES Tool, LockNLube, Powerbuilt Tools, LiquiDynamics Inc., KD Tools Private Limited, Neiko Tools, DeWalt Power Tool Company Ltd., Hitachi Power Tools Pvt Ltd., Robert Bosch Power Tools GmbH
The battery operated grease gun market report table of contents includes:
1. Executive Summary
2. Battery Operated Grease Gun Market Characteristics
3. Battery Operated Grease Gun Market Trends And Strategies
4. Battery Operated Grease Gun Market – Macro Economic Scenario
5. Global Battery Operated Grease Gun Market Size and Growth
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32. Global Battery Operated Grease Gun Market Competitive Benchmarking
33. Global Battery Operated Grease Gun Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Battery Operated Grease Gun Market
35. Battery Operated Grease Gun Market Future Outlook and Potential Analysis
36. Appendix
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