Portable Grinders Market: Introduction
A portable grinder is a type of handheld power tool which is used for grinding and polishing. Portable grinders are widely adopted among users in developed countries owing to its reliability, compactness, long life, and low maintenance, apart from the fact that they are increasingly available across specialty stores in these countries. Portable grinders are available in two types, corded portable grinders and cordless portable grinders. People generally prefer corded portable grinders. Additionally, brand consciousness among customers for power tools including portable grinders is increasing and this enhances revenue of established brands and raises the average selling price of the portable grinders.
Portable Grinders Market: Competitive Landscape
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Robert Bosch GmbH
Established in 1886, Robert Bosch GmbH is based in Gerlingen, Germany. It operates as an engineering and electronics company. The company’s business sectors include consumer goods, industrial technology, mobility solutions, and energy and building technology. Its product portfolio comprises power tools, accessories, security systems, heating systems, household appliances, eBike systems, and solar inverters. It also offers industry solutions, packaging technology, and business process management solutions.
Founded in 1941, Hilti Corporation is headquartered in Schaan, Liechtenstein. The company is specialized in designing, manufacturing, and marketing power tools for building maintenance, construction, energy, and manufacturing industries. It has employee strength of over 28,000 people and business operations in more than 120 countries.
Incorporated in 1915, Makita Corporation, a power tools manufacturing company is based in Anjo, Aichi Prefecture, Japan. The company owns 10 operating plants in eight countries. It operates its factories in Japan, China, Germany, U.K., Brazil, Romania, Mexico, and the U.S.
Stanley Black & Decker, Inc.
Established in 1843, Stanley Black & Decker, Inc. is based in New Britain, Connecticut, the U.S. The company provides power tools, hand tools, and related accessories; products, services, and equipment for oil & gas and infrastructure applications; healthcare solutions; commercial electronic security and monitoring systems; and mechanical access solutions. It operates through the following three segments: tools and storage, industrial, and security.The company offers its products under the brands Proto, Bostitch, Best, Stanley, MAC tools, Vidmar, FatMax, CRC-Evans, Facom, DeWALT, and Black & Decker.
Koki Holdings Co., Ltd.
Incorporated in 1948, Koki Holdings Co., Ltd. is located in Tokyo, Japan. The company is specialized in manufacturing and selling power tools and life-science insurance. Its products include grinders, nailers, power-driven hand drills, and cutters, as well as computer printers and scientific instruments such as centrifuges and vacuum pumps.
Some of the other significant players in the portable grinders market are Techtronic Industries Company Limited, Apex Machines and Tools Co., and Metabowerke GmbH, among others.
Portable Grinders Market: Dynamics
Increasing Popularity of Home Improvement Culture in Developed Countries Promotes Market Growth
Expansion of the portable grinders market can be attributed to the increasing availability of portable grinders in specialty home improvement stores such as Lowe's, Menard Inc., and Home Depot. Plumbing, woodwork, heating, ventilation and air-conditioning (HVAC), electrical or heating, gardening, and other home improvement activities are gaining popularity among customers across developed countries. Portable power tools including the portable grinders market is expected to witness steady growth across developed countries in the coming years due to its growing availability at specialty home improvement stores. These stores provide information on different brands, designs, and quality comparison and prices to customers, thereby helping them to make the right decision before purchasing. Furthermore, increasing demand for portable power tools for commercial use is expected to drive the growth of the portable grinders market in the near future.
Low Market Penetration of Portable Grinders in Emerging Countries
Manufacturers of portable power tools including portable grinders mostly depend on developed countries to earn revenue. They have very limited market presence in developing countries which have very high growth potential. This is a major challenge which restricts the growth of the portable grinders market. Manufacturers need to overcome this challenge by developing cost-effective portable grinders for emerging and developing countries.
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Portable Grinders Market: Segmentation
The portable grinders market can be segmented based on:
Portable Grinders Market Segmentation – By Type
Based on type, the portable grinders market can be classified into:
- Corded Portable Grinders
- Cordless Portable Grinders
Portable Grinders Market Segmentation – By Application
In terms of application, the portable grinders market can be divided into:
The report on the portable grinders market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The portable grinders market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on portable grinders market segments and geographies.
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