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Battery Operated Grease Gun Global Market Report 2024 - By Size, Trends, Drivers, Key Factors, Forecast To 2033
Battery Operated Grease Gun Market
Battery Operated Grease Gun Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.6 billion In 2028 At A CAGR Of 6.2%.
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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Battery Operated Grease Gun Market Major Segments
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
Key Driver - Construction Boom Drives Demand For Battery-Operated Grease Guns
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.
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Prominent Trend - Product Innovations In Battery-Operated Grease Guns
Product innovations are a key trend gaining popularity in the battery-operated grease gun market. 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.
Battery Operated Grease Gun 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the battery-operated grease gun market in 2023. The regions covered in the battery operated grease gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Battery Operated Grease Gun Market Report Structure
3. Battery Operated Grease Gun Market Trends And Strategies
4. Battery Operated Grease Gun Market - Macro Economic Scenario
5. Battery Operated Grease Gun Market Size And Growth
…..
27. Battery Operated Grease Gun Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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