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The key findings from our die grinder market forecast report are summarized below
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Die grinders are handheld power tools that are used for grinding, sanding, honing, polishing, or machining materials like metal, plastic, or wood. The increasing application of die grinders in the metal fabrication industry and the automotive industry will result in this market’s steady growth during the forecast period. In the metal fabrication industry, die grinders help in the removal of unwanted and unfinished parts. Fabricated metal products find usage in end-user industries such as construction and machinery. In the automotive industry, straight die grinders and right angle die grinders are widely utilized for the production of automobiles and electric vehicles. The recent growth of the automobile industry will, in turn, spur the prospects for growth in the global die grinders market, which is estimated to post an impressive market growth rate of almost 7% by 2020.
Technavio’s market research analyst has estimated factors like the augmented demand for electronics and electrical appliances to foster market growth during the forecast period. Electronics and electrical appliances use metal casings for protection from external shocks. The process by which these metal casings are manufactured requires processing activities such as cutting, bending, welding, forming, and machining. Consequently, it can be estimated that a rise in the demand for electronics and electrical products will boost the demand for die grinders until 2020.
In this market research, analysts have estimated the metal works segment to be the largest market segment during the forecast period. At present, the metal works sector dominates this market and is envisaged to further enhance its hold over the market until 2020 owing to the rising utilization of die grinders for fabrication, forging, and vacuum treatment processes. Furthermore, the ability of die grinders to aid in the production of metal castings will result in its impressive market share of more than 44% by 2020.
Geographically, the APAC region is anticipated to account for the largest market share during the forecast period. The relocation of automobile manufacturers to low-cost labour countries like Indonesia, Vietnam, and India to reduce market response time and transportation costs will aid in the growth of this market during the forecast period. Comprehensive market analysis carried out by the analysts at Technavio has shown that the market for die grinders in APAC will exhibit an impressive CAGR of around 8% during the predicted period.
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The global die grinder market is intensely competitive due to the presence of numerous large players that account for a major part of the overall market share. In the developed countries, the level of competition is tougher due to the presence of many multinational vendors. However, in emerging countries such as China and India, the local players play a major role in fostering market growth. The local players have an advantage over global players in terms of pricing and supply chains.
The report offers a detailed analysis of several leading companies, including:
Other prominent vendors analyzed in this market research are Apex Tool Group, Milwaukee Tool, Dewalt, Walter Surface Technologies, Grainger (MRO distributor), Ken Power Tools, Kulkarni Power Tools, Ingersoll Rand, C. & E. Fein, and 3M.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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