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Battery Operated Grease Gun Market Size, Latest Trends, Growth Rate, Top Major Players And Forecast To 2032
Battery Operated Grease Gun Market Analysis
The Business Research Company's Battery Operated Grease Gun Global Market Report 2023 identifies increasing demand for construction activities as the major driver for the battery operated grease gun market's growth in the forecast period. Construction activities refer to the processes involved in building new structures, renovating or repairing existing systems, and maintaining the functionality and safety of buildings, infrastructure, and other facilities. Grease guns are commonly used in the construction industry for applying lubricants to various components such as bearings, joints, hinges, and fasteners in machinery, equipment, and structures, ensuring smooth operation, preventing wear and tear, and extending their lifespan.
The global battery-operated grease gun market is expected to grow from $1.09 billion in 2022 to $1.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The battery-operated grease gun market is expected to reach $1.5 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the battery operated grease gun market are Wilmar Corporation, Makita Corporation, Ingersoll-Rand Ltd., Lincoln Electric Co., Graco Inc., Milwaukee Electric Tool Corp., Trico Corporation.
A key trend in the battery operated grease gun market includes product innovations. Major companies operating in the battery-operated grease gun market are developing new products to sustain their position in the market. For instance, in June 2023, SKF, a Sweden-based bearing and seal manufacturing company, launched Alemite 20V battery-operated grease gun. The Alemite 20V Lithium-ion Series 598/599 is a new line of battery-operated grease guns explicitly designed for manual lubrication tasks in industrial settings. These grease guns are designed with a focus on convenience, providing high-end performance and exceptional reliability. The thoughtful design of the Alemite Series 598/599 makes lubrication jobs effortless, making it ideal for industrial applications. The grease guns are lightweight and ergonomic, ensuring ease of use and optimal performance. With this new product, SKF aims to provide industry professionals with a reliable and efficient solution for their lubrication needs.
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The battery operated grease gun market is segmented -
1) By Type: 12V, 18V, 20V, Other Types
2) By Loading: Bulk Loading, Cartridge Loading, Suction Loading
3) By Application: Industrial, Agriculture, Construction, Automotive, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the battery operated grease gun market.
The Business Research Company's "Global Battery Operated Grease Gun 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 Battery Operated Grease Gun Market Include:
1. Executive Summary
2. Battery Operated Grease Gun Market Characteristics
3. Battery Operated Grease Gun Market Trends And Strategies
4. Battery Operated Grease Gun Market - Macro Economic Scenario
……
32. Global Battery Operated Grease Gun Market Competitive Benchmarking
33. Global Battery Operated Grease Gun Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Battery Operated Grease Gun Market
35. Battery Operated Grease Gun Market Future Outlook and Potential Analysis
36. Appendix
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