Grinding Power Tool Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A grinder is a hand-operated power tool used for grinding and polishing. Grinding power tools help to eliminate strenuous and manual labor work, which is more convenient to end-user owing to this it adoption is rising globally. Lack of skilled labor and increasing production rate is boosting the demand for the grinding power tool market. The power tool seems to replace the hand tool, which is enabling the grinding power tool market to grow globally.
MARKET DYNAMICS
Grinding power tools are witnessing exciting trends and innovations such as corded and cordless driving the grinding power tool market. Cordless grinder is benefiting from the performance advantage comparison to corded grinder due to this customer preference for the cordless grinder is an increase, which raises demand for cordless grinding power tools. The angle grinder is the most common type of grinder and has a wide range of uses that raise demand for the angle grinding power tool market. Increasing growth in the industrial sector also increases production rate, creates a significant opportunity for the market player, and drives demand for the grinding power tool market.
MARKET SCOPE
The "Global Grinding Power Tool Market Analysis to 2028" is a specialized and in-depth study of the grinding power tool industry with a special focus on the global market trend analysis. The report aims to provide an overview of grinding power tool market with detailed market segmentation by type, grinder type, and geography. The global Grinding power tool market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading grinding power tool market players and offers key trends and opportunities in the grinding power tool market.
MARKET SEGMENTATION
The global grinding power tool market is segmented on the basis of type and grinder type. On the basis of type the market is segmented as corded and cordless. On the basis of grinder type the market is segmented as bench grinder, die or straight grinder, and angle grinder.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global grinding power tool market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The grinding power tool market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting grinding power tool market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the grinding power tool market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global grinding power tool market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The grinding power tool market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting grinding power tool market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the grinding power tool market in these regions.
MARKET PLAYERS
The reports cover key developments in the grinding power tool market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from grinding power tool are anticipated to lucrative growth opportunities in the future with the rising demand for grinding power tool in the global market. Below mentioned is the list of few companies engaged in the grinding power tool market.
The report also includes the profiles of key grinding power tool companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Baier
- Bosch
- Hilti
- Hitachi Koki Co. Ltd
- Interskol
- Makita
- Snap-on Incorporated
- Stanley Black & Decker
- Techtronic Industries Co. Ltd.(TTI)
- Walter Surface Technologies Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Grinding Power Tool Market - By Type
1.3.2 Grinding Power Tool Market - By Grinder Type
1.3.3 Grinding Power Tool Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GRINDING POWER TOOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GRINDING POWER TOOL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. GRINDING POWER TOOL MARKET - GLOBAL MARKET ANALYSIS
6.1. GRINDING POWER TOOL - GLOBAL MARKET OVERVIEW
6.2. GRINDING POWER TOOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GRINDING POWER TOOL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CORDED
7.3.1. Overview
7.3.2. Corded Market Forecast and Analysis
7.4. CORDLESS
7.4.1. Overview
7.4.2. Cordless Market Forecast and Analysis
8. GRINDING POWER TOOL MARKET - REVENUE AND FORECASTS TO 2028 - GRINDER TYPE
8.1. OVERVIEW
8.2. GRINDER TYPE MARKET FORECASTS AND ANALYSIS
8.3. BENCH GRINDER
8.3.1. Overview
8.3.2. Bench Grinder Market Forecast and Analysis
8.4. DIE OR STRAIGHT GRINDER
8.4.1. Overview
8.4.2. Die or Straight Grinder Market Forecast and Analysis
8.5. ANGLE GRINDER
8.5.1. Overview
8.5.2. Angle Grinder Market Forecast and Analysis
9. GRINDING POWER TOOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Grinding Power Tool Market Overview
9.1.2 North America Grinding Power Tool Market Forecasts and Analysis
9.1.3 North America Grinding Power Tool Market Forecasts and Analysis - By Type
9.1.4 North America Grinding Power Tool Market Forecasts and Analysis - By Grinder Type
9.1.5 North America Grinding Power Tool Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Grinding Power Tool Market
9.1.5.1.1 Canada Grinding Power Tool Market by Type
9.1.5.1.2 Canada Grinding Power Tool Market by Grinder Type
9.1.5.2 Mexico Grinding Power Tool Market
9.1.5.2.1 Mexico Grinding Power Tool Market by Type
9.1.5.2.2 Mexico Grinding Power Tool Market by Grinder Type
9.1.5.3 US Grinding Power Tool Market
9.1.5.3.1 US Grinding Power Tool Market by Type
9.1.5.3.2 US Grinding Power Tool Market by Grinder Type
9.2. EUROPE
9.2.1 Europe Grinding Power Tool Market Overview
9.2.2 Europe Grinding Power Tool Market Forecasts and Analysis
9.2.3 Europe Grinding Power Tool Market Forecasts and Analysis - By Type
9.2.4 Europe Grinding Power Tool Market Forecasts and Analysis - By Grinder Type
9.2.5 Europe Grinding Power Tool Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Grinding Power Tool Market
9.2.5.1.1 Germany Grinding Power Tool Market by Type
9.2.5.1.2 Germany Grinding Power Tool Market by Grinder Type
9.2.5.2 France Grinding Power Tool Market
9.2.5.2.1 France Grinding Power Tool Market by Type
9.2.5.2.2 France Grinding Power Tool Market by Grinder Type
9.2.5.3 Italy Grinding Power Tool Market
9.2.5.3.1 Italy Grinding Power Tool Market by Type
9.2.5.3.2 Italy Grinding Power Tool Market by Grinder Type
9.2.5.4 United Kingdom Grinding Power Tool Market
9.2.5.4.1 United Kingdom Grinding Power Tool Market by Type
9.2.5.4.2 United Kingdom Grinding Power Tool Market by Grinder Type
9.2.5.5 Russia Grinding Power Tool Market
9.2.5.5.1 Russia Grinding Power Tool Market by Type
9.2.5.5.2 Russia Grinding Power Tool Market by Grinder Type
9.2.5.6 Rest of Europe Grinding Power Tool Market
9.2.5.6.1 Rest of Europe Grinding Power Tool Market by Type
9.2.5.6.2 Rest of Europe Grinding Power Tool Market by Grinder Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Grinding Power Tool Market Overview
9.3.2 Asia-Pacific Grinding Power Tool Market Forecasts and Analysis
9.3.3 Asia-Pacific Grinding Power Tool Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Grinding Power Tool Market Forecasts and Analysis - By Grinder Type
9.3.5 Asia-Pacific Grinding Power Tool Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Grinding Power Tool Market
9.3.5.1.1 Australia Grinding Power Tool Market by Type
9.3.5.1.2 Australia Grinding Power Tool Market by Grinder Type
9.3.5.2 China Grinding Power Tool Market
9.3.5.2.1 China Grinding Power Tool Market by Type
9.3.5.2.2 China Grinding Power Tool Market by Grinder Type
9.3.5.3 India Grinding Power Tool Market
9.3.5.3.1 India Grinding Power Tool Market by Type
9.3.5.3.2 India Grinding Power Tool Market by Grinder Type
9.3.5.4 Japan Grinding Power Tool Market
9.3.5.4.1 Japan Grinding Power Tool Market by Type
9.3.5.4.2 Japan Grinding Power Tool Market by Grinder Type
9.3.5.5 South Korea Grinding Power Tool Market
9.3.5.5.1 South Korea Grinding Power Tool Market by Type
9.3.5.5.2 South Korea Grinding Power Tool Market by Grinder Type
9.3.5.6 Rest of Asia-Pacific Grinding Power Tool Market
9.3.5.6.1 Rest of Asia-Pacific Grinding Power Tool Market by Type
9.3.5.6.2 Rest of Asia-Pacific Grinding Power Tool Market by Grinder Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Grinding Power Tool Market Overview
9.4.2 Middle East and Africa Grinding Power Tool Market Forecasts and Analysis
9.4.3 Middle East and Africa Grinding Power Tool Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Grinding Power Tool Market Forecasts and Analysis - By Grinder Type
9.4.5 Middle East and Africa Grinding Power Tool Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Grinding Power Tool Market
9.4.5.1.1 South Africa Grinding Power Tool Market by Type
9.4.5.1.2 South Africa Grinding Power Tool Market by Grinder Type
9.4.5.2 Saudi Arabia Grinding Power Tool Market
9.4.5.2.1 Saudi Arabia Grinding Power Tool Market by Type
9.4.5.2.2 Saudi Arabia Grinding Power Tool Market by Grinder Type
9.4.5.3 U.A.E Grinding Power Tool Market
9.4.5.3.1 U.A.E Grinding Power Tool Market by Type
9.4.5.3.2 U.A.E Grinding Power Tool Market by Grinder Type
9.4.5.4 Rest of Middle East and Africa Grinding Power Tool Market
9.4.5.4.1 Rest of Middle East and Africa Grinding Power Tool Market by Type
9.4.5.4.2 Rest of Middle East and Africa Grinding Power Tool Market by Grinder Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Grinding Power Tool Market Overview
9.5.2 South and Central America Grinding Power Tool Market Forecasts and Analysis
9.5.3 South and Central America Grinding Power Tool Market Forecasts and Analysis - By Type
9.5.4 South and Central America Grinding Power Tool Market Forecasts and Analysis - By Grinder Type
9.5.5 South and Central America Grinding Power Tool Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Grinding Power Tool Market
9.5.5.1.1 Brazil Grinding Power Tool Market by Type
9.5.5.1.2 Brazil Grinding Power Tool Market by Grinder Type
9.5.5.2 Argentina Grinding Power Tool Market
9.5.5.2.1 Argentina Grinding Power Tool Market by Type
9.5.5.2.2 Argentina Grinding Power Tool Market by Grinder Type
9.5.5.3 Rest of South and Central America Grinding Power Tool Market
9.5.5.3.1 Rest of South and Central America Grinding Power Tool Market by Type
9.5.5.3.2 Rest of South and Central America Grinding Power Tool Market by Grinder Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GRINDING POWER TOOL MARKET, KEY COMPANY PROFILES
11.1. BAIER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSCH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HILTI
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HITACHI KOKI CO. LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INTERSKOL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAKITA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SNAP-ON INCORPORATED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. STANLEY BLACK AND DECKER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TECHTRONIC INDUSTRIES CO. LTD.(TTI)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WALTER SURFACE TECHNOLOGIES INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Baier
2.Bosch
3.Hilti
4.Hitachi Koki Co. Ltd
5.Interskol
6.Makita
7.Snap-on Incorporated
8.Stanley Black and Decker
9.Techtronic Industries Co. Ltd.(TTI)
10.Walter Surface Technologies Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.