Die Grinder Market to Grow at 6.85% CAGR Driven by Electrical Appliances Increased Demand Forecasts to 2020
Global Die Grinder market 2016 – 2020 report is the latest addition to ReportsnReports.com industry research reports collection. The die grinder market report considers the demand for die grinders from end-user industries.
India – March 7, 2016 /MarketersMedia/ —
The grinder market report analyst says replacement of Ni-Cd batteries with Li-ion batteries is a significant trend in the global tie grinder market. Li-ion batteries have many advantages over Ni-Cd batteries; they are lightweight and highly efficient, and offer enhanced run time. Owing to these benefits, end-users prefer Li-ion in die grinders. The batteries also do not contain toxic materials such as mercury or cadmium.
Complete report on die grinder market spread across 63 pages, analyzing 5 major companies and provides 33 data exhibits is now available at http://www.reportsnreports.com/reports/496148-global-die-grinder-market-2016-2020.html .
The analysts forecast global die grinder market to grow at a CAGR of 6.85% during the period 2016-2020. According to the report, electronics and electrical appliances use metal casings for protection from external shocks. The manufacturing of these metal casings requires processing activities such as cutting, bending, welding, forming, and machining. Therefore, a rise in demand for electronics and electrical products will boost the demand for die grinders.
End-user segmentation of the die grinder market: Metalworks and Automobile
In this market research, analysts have estimated the metal works segment to be the largest market segment during the forecast period. At present, the metal works sector dominates this market and is envisaged to further enhance its hold over the market until 2020 owing to the rising utilization of die grinders for fabrication, forging, and vacuum treatment processes. Furthermore, the ability of die grinders to aid in the production of metal castings will result in its impressive market share of more than 44% by 2020.
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Geographically, the APAC region is anticipated to account for the largest market share during the forecast period. The relocation of automobile manufacturers to low-cost labor countries like Indonesia, Vietnam, and India to reduce market response time and transportation costs will aid in the growth of this market during the forecast period. Comprehensive market analysis carried out by the analysts at the report has shown that the market for die grinders in APAC will exhibit an impressive CAGR of around 8% during the predicted period.
The global die grinder market is intensely competitive due to the presence of numerous large players that account for a major part of the overall market share. In the developed countries, the level of competition is tougher due to the presence of many multinational vendors. However, in emerging countries such as China and India, the local players play a major role in fostering market growth. The local players have an advantage over global players in terms of pricing and supply chains.
Main players in the Global Die Grinder Market are Atlas, Bosch, Danaher, Hitachi Koki and Makita.Other Prominent Vendors in the market are: Apex Tool Group, Milwaukee Tool, Dewalt, Walter Surface Technologies, Grainger (MRO distributor), Ken Power Tools, Kulkarni Power Tools, Ingersoll Rand, C. & E. Fein and 3M.
Further, the report states that the slowdown in Chinese economy will affect the market for die grinders as the country’s automotive and metal works industries are the primary end-users of die grinders.
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