Press release
Angle Grinder Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Angle Grinder
The Business Research Company's Angle Grinder Global Market Report 2023 identifies construction activities as the major driver for the Angle Grinder market's growth in the forecast period. Construction activities refer to a wide range of operations involved in creating, modifying, or repairing structures, infrastructure, and facilities. Angle grinders with metal-cutting discs are frequently used in construction projects to cut metal components like pipes, rebar, steel plates, or structural parts.
the global angle grinder market is expected to grow from $3.03 billion in 2022 to $3.14 billion in 2023 at a compound annual growth rate (CAGR) of 3.38%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The angle grinder market is expected to reach $3.63 billion in 2027 at a CAGR of 3.74%.
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Major competitors in the Angle Grinder market are Robert Bosch GmbH, Hitachi Ltd., 3M, FLEX GmbH, Wurth Group, Emerson Electric Co., Stanley Black & Decker Inc., Atlas Copco Group.
A key trend in the Angle Grinder market includes product innovation. Major companies operating in the angle grinder market are developing innovative products to sustain their position in the market. For instance, in June 2023, ATI Industrial Automation, a US-based automated tools manufacturing company, launched CGV-900 compliant angle grinder to offer a machine-based substitute for manual grinding and finishing. The device increases grinding process adaptability while lowering employee safety issues. The CGV-900 has built-in compliance, which enables the device to account for surface flaws in parts and keep in touch with a workpiece. Users can alter the compliance force in real-time to adjust their finishing procedures.
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The Angle Grinder market is segmented -
• By Type: Electric Angle Grinder, Pneumatic Angle Grinder, Cordless Angle Grinder
• By Distribution Channel: Online, Offline
• By Application: Metal Processing, Wood Processing, Construction, Automotive, Aerospace, Aquaculture, Agriculture, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Angle Grinder market.
The Business Research Company's "Global Angle Grinder Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Angle Grinder Market Include:
1. Angle Grinder Market Executive Summary
2. Angle Grinder Market Segments
3. Angle Grinder Market Size And Angle Grinder Market Growth Rate
4. Key Angle Grinder Market Trends
5. Major Angle Grinder Market Drivers
……
25. Key Mergers And Acquisitions In The Angle Grinder Market
26. Top Angle Grinder Companies
27. Angle Grinder Market Opportunities And Strategies
28. Angle Grinder Market, Conclusions And Recommendations
29. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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