Angle Grinders: Cutting-Edge Tools for 2024

"The Business Research Company recently released a comprehensive report on the Global Angle Grinder Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The angle grinder market size has grown steadily in recent years. It will grow from $3.14 billion in 2023 to $3.25 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to rise in construction and renovation activities, increased popularity of do-it-yourself (diy) projects, rise of e-commerce platforms, shortage of skilled labor in various industries, growth of the metal fabrication industry.

The angle grinder market size is expected to see steady growth in the next few years. It will grow to $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increasing demand for construction and renovation, rapid urbanization and industrialization, market expansion and global diversity, increasing popularity of do-it-yourself (diy) projects, rising emphasis on sustainable activities. Major trends in the forecast period include integration of iot and ai technologies, advancements in material processing, increasing popularity of brushless motors in angle grinders, growing emphasis on safety features, development of cordless angle grinders.

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Market Drivers and Trends:

The increasing demand for construction activities is expected to propel the growth of the angle grinder market going forward. 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. They offer a rapid and effective way to make fine cuts. For instance, in July 2023, according to the reports shared by the United States Census Bureau (USCB), a US-based government agency, the amount spent on construction in February 2023 was $1.84 billion. The first two months of this year saw a $260.8 billion increase in construction investment, a 5.9 percent (1.2 percent) gain over USD 246.1 billion for the same period in 2022. Public construction had made an investment of USD 388.0 billion, while private construction made a USD 1.45 billion investment in 2022. Therefore, the increasing demand for construction is driving the growth of the angle grinder market.

Innovative products are a key trend gaining popularity in the angle grinder market. 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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Major Key Players of the Market:

Robert Bosch GmbH, Hitachi Ltd., 3M, FLEX GmbH, Wurth Group, Emerson Electric Co., Stanley Black & Decker Inc., Atlas Copco Group, Techtronic Industries Company Limited, Hilti Corporation, Makita Corporation, Positec Machinery Co. Ltd., Jiangsu Dongcheng Power Tools Co. Ltd., Chicago Pneumatic, AEG Power Tools, C. & E. Fein GmbH, Bosun Co. Ltd., Metabo HPT, Festool Power Tools, Walter Surface Technologies, General Tools And Instruments LLC, Jiangsu Guoqiang Tools Co. Ltd., SKIL Power Tools, Fiamgroup, JK Files & Engineering Limited.

Angle Grinder Market 2024 Key Insights:

• The angle grinder market size is expected to see steady growth in the next few years. It will grow to $3.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.
• Angle Grinder Market Thrives On Surging Construction Activities
• Angle Grinder Sets New Standards In Innovation And Safety
• Asia-Pacific was the largest region in the angle grinder market in 2023

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This release was published on openPR.