The Business Research Company’s Angle Grinder Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Angle Grinder Global Market Report 2023 evaluates angle grinder market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global angle grinder market is poised for growth, with a projected increase from $3.03 billion in 2022 to $3.14 billion in 2023, reflecting a steady compound annual growth rate (CAGR) of 3.38%. However, the specter of the Russia-Ukraine conflict looms large, impacting the prospects of a comprehensive global economic recovery following the COVID-19 pandemic.
This protracted war between the two nations has triggered a series of repercussions, including economic sanctions imposed on multiple countries, a notable upsurge in commodity prices, and disruptive supply chain disturbances. The ripple effects of these events have given rise to inflationary pressures across goods and services, compounded by an associated escalation in interest rates, which reverberate across diverse markets worldwide.
Looking to the horizon, the angle grinder market is anticipated to exhibit continued expansion, reaching a commendable valuation of $3.63 billion by 2027, propelled by a robust CAGR of 3.74%. This trend underscores the intricate interplay between geopolitical events and global market dynamics, shaping the trajectory of industries such as angle grinders.
The escalating demand for construction activities is poised to serve as a potent engine propelling the trajectory of the angle grinder market in the foreseeable future. Construction activities, a multifaceted domain encompassing diverse operations dedicated to the creation, modification, and repair of structures, infrastructure, and facilities, stand at the heart of burgeoning urban landscapes. In these intricate processes, angle grinders equipped with metal-cutting discs assume a pivotal role. These devices are indispensable in construction projects, facilitating the precise cutting of metal components such as pipes, rebar, steel plates, and structural elements. Their utility lies in their ability to swiftly and effectively execute fine cuts, enhancing both precision and efficiency in construction endeavors.
A pertinent illustration of this burgeoning demand can be gleaned from the data provided by the United States Census Bureau (USCB), a reputable government agency. According to reports unveiled in July 2023, the construction sector exhibited robust financial vigor, with an impressive expenditure of $1.84 billion recorded in February of the same year. The initial two months of 2023 witnessed a remarkable surge in construction investments, totaling $260.8 billion. This figure represents a noteworthy gain of 5.9 percent (1.2 percent) in comparison to the corresponding period in 2022, where investments stood at USD 246.1 billion. Of this substantial financial commitment, public construction accounted for an investment of USD 388.0 billion, juxtaposed against private construction’s investment of USD 1.45 billion in 2022.
This surge in construction-related activities underscores the pivotal role played by angle grinders, which have become indispensable tools in the arsenal of construction professionals. As the construction sector continues its upward trajectory, the demand for these precision tools is expected to soar, thereby propelling the growth of the angle grinder market to even greater heights.
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The angle grinder market segments in the report are:
1) By Type: Electric Angle Grinder, Pneumatic Angle Grinder, Cordless Angle Grinder
2) By Distribution Channel: Online, Offline
3) By Application: Metal Processing, Wood Processing, Construction, Automotive, Aerospace, Aquaculture, Agriculture, Other Applications
The table of contents in TBRC’s angle grinder market report includes:
- Executive Summary
- Angle Grinder Market Characteristics
- Angle Grinder Market Trends And Strategies
- Angle Grinder Market – Macro Economic Scenario
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- Global Angle Grinder Market Competitive Benchmarking
- Global Angle Grinder Market Competitive Dashboard
- Key Mergers And Acquisitions In The Angle Grinder Market
- Angle Grinder Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Robert Bosch GmbH
- Hitachi Ltd
- 3M
- FLEX GmbH
- Wurth Group
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