Power Angle Grinder Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Product Type (Corded Angle Grinders, Cordless Angle Grinders), By Disc Diameter (Small Angle Grinders, Medium Angle Grinders, Large Angle Grinders), By End-User (Construction, Metalworking, Automotive, Woodworking, Others), By Distribution Channel (Online Retail, Offline Retail), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Power Angle Grinder Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Product Type (Corded Angle Grinders, Cordless Angle Grinders), By Disc Diameter (Small Angle Grinders, Medium Angle Grinders, Large Angle Grinders), By End-User (Construction, Metalworking, Automotive, Woodworking, Others), By Distribution Channel (Online Retail, Offline Retail), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Region: Global
Published: May 2024
Report Code: CGNCGS684
Pages: 218

The Global Power Angle Grinder Market was valued at USD 1,911.5 Million in 2023 and is anticipated to reach a value of USD 2,463.92 Million by 2031 expanding at a CAGR of 3.3% between 2024 and 2031.

The power angle grinder market includes the manufacture, distribution, and use of versatile power tools used for numerous cutting, turning, and sharpening applications in industries such as manufacturing, metalworking, and construction. Also known as angle grinders or disc grinders, these tools include rotary motors or wheels with abrasive pads that can be easily replaced for different jobs. Power angle grinders come in many sizes and capacities, from compact models for light work to heavy industrial units for tough jobs. It is commonly used for applications such as metalworking, plastering, tile cutting, surface bonding and grinding, rust and paint removal, and surface polishing. Opportunities in the angle grinder market are being propelled due to several factors such as rising request for power tools in manufacturing and manufacturing industries, increasing technological advancements, advanced resources in hardware design, and expanding applications to DIY and home improvement projects. As companies seek to improve productivity, efficiency and safety in material processing and finishing operations, there is a growing demand for power angle grinders that offer improved performance, durability and user-friendly features.

Power Angle Grinder Market Major Driving Forces

Expanding Request from The Construction Industry: The construction industry can prove to be a noteworthy driver of the power tools market. Power tools are broadly utilized in construction exercises such as boring, cutting, crushing, grinding, drilling and polishing. The rising request for power tools within the construction industry is due to their capacity to improve the productivity and viability of different construction processes.

Technological Innovations: Advancements in innovation have driven the improvement of more productive, secure, and user-friendly power tools. More up to date advances such as brushless engines, remote charging, and savvy sensors have altogether made strides in improving the execution and usefulness of power tools.

Growing DIY Patterns: The developing drift of DIY activities among buyers has driven an increment in demand for power tools. The accessibility of online instructional exercises and video guides has made it less demanding for buyers to attempt DIY projects.

Increased Appropriation of Cordless Power Tools: The demand for cordless power tools is expanding due to their ease of utilize, movability, and adaptability. Cordless power tools are broadly utilized in open air applications such as cultivating, arranging, and development.

Power Angle Grinder Market Key Opportunities

Rising markets: The power angle grinder market has significant development scope in creating regions where industrialization and foundation advancement are on the rise. These locales offer undiscovered potential for producers and providers to extend their market presence.

Product advancement: Ceaseless research and advancement endeavors can lead to the introduction of modern and improved power angle grinders with upgraded features and functionalities. Producers can capitalize on these developments to gain a competitive edge within the market.

Online Retail and E-commerce Growth: The continued growth of online retail and e-commerce platforms provides an opportunity for power angle grinder manufacturers to expand their reach and tap into a broader customer base. Online sales channels allow for easier product accessibility and global market penetration.

Power Angle Grinder Market Key Trends

·         Enhancing current model by upgrading to cordless angle grinders for users’ increased portability and convenience.

·         The increase in the demand of high performance angle grinders in the heavy-duty use in industrial applications.

·         Demand for motors with brushless technology is growing faster which offers durability and performance.

·         Growth of the construction and automotive sector that lead to the market growth.

·         The new era of smaller and lighter angle grinders that can work in for hard to reach areas has arrived.

·         Incorporation of modern safety devices including those which hinder the equipment from kickback and those to stop the device automatically.

·         Change in sales channels towards the online directions and e-commerce marketplaces, where angle grinder may be bought.

·         Manpower reduction is the result of technological advancements. Go for designs that are ergonomic for the operators and are user-friendly as well.

·         The technology is at the forefront since angular grinders with variable speed are an essential tool used for inducing flexibility in applications.

Region-wise Market Insights

Asia-Pacific accounted for the largest market share at 33.3% in 2023. Asia Pacific is also expected to register the fastest growth, expanding at a CAGR of 3.6% between 2024 and 2031.

Rapid industrialization and urbanization of the region is among the most important reasons for the development of global power angle grinder market in Asia-Pacific region. Asia-Pacific region is the most important region in this market and dominating the global market share of 33.3%. It is also expected to grow at the most rapid pace with fastest CAGR of 3.6%. The market in this region is propelled by various factors which includes expanding automotive sector and infrastructure development initiatives. Besides this, the increasing focus on energy efficiency and cost effectiveness of the angle grinders drives the regional market. North America holds second most market share, i.e. 29.8% in this market. Propelling factors of the market in North America includes presence of established manufacturers and robust infrastructure, increasing investments in infrastructure development projects, and growing emphasis on workplace safety regulations. Third significant region in this market is Europe which holds the market share of 27.1%. Smaller but emerging regions for this market includes South America which holds 5.7% of the global market and Middle East and Africa holds 4.0% of the total market share.

Market Competition Landscape

The power angle grinder market is exceedingly competitive with a number of driving players competing for market share. These players are always contributing in research and development to bring inventive products to the market. The market is characterized by serious competition, pricing pressures, and rapidly changing technological headways. Key players within the power angle grinder market engrossed in procedures pointed at gaining a competitive edge. These procedures incorporate product advancement, design differentiation, and the consolidation of feasible and eco-friendly materials to meet advancing customer inclinations. Established brands use their reliability and unwavering quality to preserve market share, whereas newer participants center on disruptive developments and unique selling propositions. Prominent players in the market include:

·         Robert Bosch GmbH

·         Makita Corporation

·         Stanley Black & Decker, Inc.

·         Hilti Corporation

·         Metabo Corporation

·         Hitachi, Ltd.

·         Milwaukee Tool

·         DEWALT (a brand of Stanley Black & Decker)

·         Fein Power Tools Inc.

·         Festool Group GmbH & Co. KG

·         TTI Group (includes brands like Ryobi, AEG, and Milwaukee)

·         Flex Power Tools

·         Atlas Copco AB

·         Panasonic Corporation

·         Chicago Pneumatic (CP)

Report Attribute/Metric

Details

Market Revenue in 2023

USD 1,911.5 Million

Market Revenue in 2031

USD 2,463.92 Million

CAGR (2024 – 2031)

3.3%

Base Year

2023

Forecast Period

2024 – 2031

Historical Data

2019 to 2023

Forecast Unit

Value (US$ Mn)

Key Report Deliverable

Revenue Forecast, Growth Trends, Market Dynamics, Segmental Overview, Regional and Country-wise Analysis, Competition Landscape

Segments Covered

·         By Product Type (Corded Angle Grinders, Cordless Angle Grinders)

·         By Disc Diameter (Small Angle Grinders, Medium Angle Grinders, Large Angle Grinders)

·         By End-User (Construction, Metalworking, Automotive, Woodworking, Others)

·         By Distribution Channel (Online Retail, Offline Retail)

Geographies Covered

North America: U.S., Canada and Mexico

Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

South America: Brazil, Argentina, and Rest of Latin America

Middle East & Africa:  GCC Countries, South Africa, and Rest of Middle East & Africa

Key Players Analyzed

Robert Bosch GmbH, Makita Corporation, Stanley Black & Decker, Inc., Hilti Corporation, Metabo Corporation, Hitachi, Ltd., Milwaukee Tool, DEWALT (a brand of Stanley Black & Decker), Fein Power Tools Inc., Festool Group GmbH & Co. KG, TTI Group (includes brands like Ryobi, AEG, and Milwaukee), Flex Power Tools, Atlas Copco AB, Panasonic Corporation, Chicago Pneumatic (CP).

Customization & Pricing

Available on Request (10% Customization is Free)

Frequently Asked Questions

logo
Navigating Trends, Illuminating Insights
Have any custom research requirements?
Congruence Market Insights is a leading market research company dedicated to providing unparalleled insights and strategic intelligence. Our expert analysts deliver actionable data, empowering businesses to make informed decisions in a dynamic marketplace. Trust us to navigate your path to success.
© 2024 Congruence Market Insights
Place An Order
Privacy
Terms and Conditions