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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.