PUBLISHER: The Business Research Company | PRODUCT CODE: 1428274
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428274
An angle grinder serves as a potent tool capable of cutting, grinding, and polishing a diverse range of materials, including metal, stone, and concrete. These tools operate with electric power, available in either corded or battery-powered configurations.
The primary categories of angle grinders include electric angle grinders, pneumatic angle grinders, and cordless angle grinders. Electric angle grinders, specifically powered by electricity, find extensive use in cutting various materials such as metal, stone, concrete, or tiles. They are widely distributed through both online and offline channels, catering to applications such as metal processing, wood processing, construction, automotive, aerospace, aquaculture, agriculture, and more.
The angle grinder research report is one of a series of new reports from The Business Research Company that provides angle grinder market statistics, including the angle grinder industry's global market size, regional shares, competitors with angle grinder market share, detailed angle grinder market segments, market trends and opportunities, and any further data you may need to thrive in the angle grinder industry. This angle grinder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 expansion observed during the historical period can be ascribed to an increase in construction and renovation endeavors, a heightened prevalence of do-it-yourself (DIY) projects, the emergence of e-commerce platforms, a scarcity of skilled labor across various industries, and the flourishing growth of the metal fabrication sector.
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 anticipated growth in the forecast period can be linked to a rising need for construction and renovation, swift urbanization and industrialization, market expansion with global diversity, a surge in the popularity of do-it-yourself (DIY) projects, and a heightened focus on sustainable activities. Key trends expected in the forecast period encompass the incorporation of IoT and AI technologies, progress in material processing, a growing preference for brushless motors in angle grinders, an increased emphasis on safety features, and the advancement of cordless angle grinders.
The anticipated surge in the angle grinder market is expected to be driven by the increasing demand for construction activities. Construction activities encompass a broad spectrum of operations involved in the creation, modification, or repair of structures, infrastructure, and facilities. Angle grinders equipped with metal-cutting discs are frequently utilized in construction projects for cutting metal components such as pipes, rebar, steel plates, or structural parts, providing a fast and efficient method for precise cuts. For example, as per reports from the United States Census Bureau (USCB) in July 2023, the expenditure on construction in February 2023 amounted to $1.84 billion. In the initial two months of that year, construction investment increased by $260.8 billion, marking a 5.9% (1.2%) gain over the $246.1 billion spent during the same period in 2022. Public construction made an investment of $388.0 billion, while private construction invested $1.45 billion in 2022. Consequently, the escalating demand for construction is propelling the growth of the angle grinder market.
The burgeoning demand in the automotive industry is anticipated to drive the growth of the angle grinder market. The automotive industry encompasses the design, development, manufacturing, marketing, and sales of vehicles. Angle grinders play a crucial role in various processes within the automotive industry, including metal fabrication, bodywork, repair, maintenance, and customization, handling a diverse range of materials. Notably, in May 2023, the European Automobile Manufacturers Association reported that the global production of motor vehicles in 2022 reached 85.4 million units, showing a significant 5.7% increase compared to 2021. Additionally, according to Brand Finance plc in February 2022, the automobile sector achieved approximately 78 million unit sales, indicating a substantial 10% increase. Hence, the growing demand in the automotive industry is fueling the expansion of the angle grinder market.
The angle grinder market is witnessing a significant trend towards innovative products, with major companies actively engaged in the development of such solutions to maintain their market standing. A case in point is ATI Industrial Automation, a US-based manufacturer of automated tools, which introduced the CGV-900 compliant angle grinder in June 2023. This grinder serves as a machine-based alternative to manual grinding and finishing, enhancing adaptability in the grinding process while addressing safety concerns for employees. The CGV-900 incorporates built-in compliance, allowing the device to accommodate surface flaws in parts and maintain contact with the workpiece. Users have the flexibility to adjust compliance force in real-time to suit their finishing procedures.
Prominent companies in the angle grinder market are strategically focusing on introducing next-generation solutions, such as the quick-change system, to gain a competitive advantage. The quick-change system facilitates the swift and efficient exchange of components, tools, or parts within a larger system. For example, in February 2021, Makita U.S.A., Inc., a US-based power tool manufacturer, launched X-LOCK angle grinders. These grinders enable five times faster accessory changes compared to traditional systems, offering convenience and efficiency for users. Compatible with a variety of premium accessories, including diamond blades, grinding wheels, cut-off wheels, flap discs, and wire brushes, specifically designed for use with X-LOCK angle grinders, these products are available in both cordless and corded models, providing versatility and performance across a broad spectrum of grinding and cutting applications.
In March 2022, Bouygues Construction SA, a France-based construction company that supplies angle grinders, entered into a partnership with C. And E. Fein GmbH. This collaboration aims to develop a high-safety angle grinder for construction sites, elevating safety standards with a cordless design and featuring a power drive motor that is 30% more efficient than a 1,100-watt corded machine. C. And E. Fein GmbH, a Germany-based machine industry company, specializes in providing angle grinders.
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.
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
The countries covered in the angle grinder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The angle grinder market consists of sales of grinding wheels, cut-off wheels, flap discs, wire wheels, diamond discs, strip discs, corded angle grinders, and ceramic sanding discs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Angle Grinder Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on angle grinder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for angle grinder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The angle grinder market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.