Press release
Battery Operated Grease Gun Market Size, Share Analysis, Growth Drivers, Forecast 2033
Battery Operated Grease Gun Market
The Business Research Company presents an extensive market research report on the Battery Operated Grease Gun Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The battery operated grease gun market size has grown strongly in recent years. It will grow from $1.18 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to traditional manual grease application methods, industrial growth and machinery usage, maintenance needs in automotive and manufacturing sectors, initial adoption of power tools, rise in awareness of equipment lubrication.
The battery operated grease gun market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for efficient maintenance tools, growth in manufacturing and automotive industries, adoption of battery-operated tools for convenience, emphasis on preventive maintenance, expansion of the aftermarket for maintenance tools. Major trends in the forecast period include integration of smart technology in grease gun design, development of high-capacity and fast-charging batteries, rise in demand for eco-friendly lubrication solutions, customization options for diverse industrial needs, adoption of ergonomic and user-friendly designs.
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Key Market Players:
Major companies operating in the battery operated grease gun market report are Wilmar Corporation, Makita Corporation, Ingersoll-Rand Ltd., Lincoln Electric Co., Graco Inc., Milwaukee Electric Tool Corp., Trico Corporation, Samson Corporation, Groz Engineering Tools Pvt. Ltd., Ryobi Ltd., SKF Group, Beta Tools Pvt. Ltd., Lumax Industries Ltd., Plews & Edelmann Co., Legacy Manufacturing Co., Pressol Schmiergeräte GmbH, Macnaught Pty Ltd., Omega Lift Services Ltd., Ampro Tools Pte Ltd., Alemite LLC, ARES Tool, LockNLube, Powerbuilt Tools, LiquiDynamics Inc., KD Tools Private Limited, Neiko Tools, DeWalt Power Tool Company Ltd., Hitachi Power Tools Pvt Ltd., Robert Bosch Power Tools GmbH
Market Drivers:
The increasing demand for construction activities is expected to propel the growth of the battery-operated grease gun market going forward. 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. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the increasing demand for construction is driving the growth of the battery-operated grease gun market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/battery-operated-grease-gun-global-market-report
The battery operated grease gun market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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