The key findings from our die grinder market forecast report are summarized below
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Global Die Grinder Industry Outlook
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.
Die grinder market segmentation by end-user
- Metalworks
- Automobile
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.
Die grinder market segmentation by geography
- APAC
- Europe
- North America
- ROW
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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Competitive landscape and key vendors
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:
- Atlas
- Bosch
- Danaher
- Hitachi Koki
- Makita
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.
Key highlights of the global die grinder market for the forecast years 2016-2020:
- CAGR of the market during the forecast period 2016-2020
- Detailed information on factors that will accelerate the growth of the die grinder market during the next five years
- Precise estimation of the global die grinder market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- Growth of the die grinder industry across various geographies such as the APAC, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of die grinder companies
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