Analysis of Fuel Grinder market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Grinders are one of the main hand-held power tools used by tradesmen all over the world, owing to their versatility. They are used for cutting, grinding and prepping surfaces of metals for various operations. Traditionally, corded grinders were used for these applications but recent times have seen the emergence of fuel grinders or cordless grinders that use batteries as fuel. Fuel grinders are easy to operate and move as they are not restricted by the length of the cord. Fuel grinders are run by efficient and brushless motors, which offer longer working time and longer motor life, making them the preferred choice over corded grinders.
Fuel grinders are also easy to carry and operate in harsh conditions, given their wide variety of adaptive features, which make them the more preferred choice industry wide. The need for innovation and modernization across industries has seen a rise in the demand for fuel grinders in recent years.
Fuel grinders are powerful industrial power tools used across industries, usually for machining, cutting and shaping metal surfaces or equipment. Fuel grinders offer higher productivity and convenience of operation over cord grinders, which create high demand in the present market given the range of complex activities and the conditions they are used in.
They are used in various metallurgical, industrial and construction activities for cutting and shaping metal surfaces, metals, rods and other equipment and given the increased industrialization, the demand for fuel grinders is set to increase over the forecast period. The construction industry is set to create the highest demand for fuel grinders, given the increased activities in the construction industry all over the world, especially in growing economies.
One of the other factors driving the growth of the fuel grinders market is the lack of availability of power sources at activity sites. Fuel grinders also have an advantage over cord grinders as they have a better motor life and can perform better in harsh conditions. All these factors, coupled with growing urbanization and industrialization in growing economies, will contribute towards the growth of the fuel grinder market.
Some traditional tradesmen still prefer the use of corded grinders given the familiarity and ease of use, which can restrict the growth of the fuel grinders market. But given their other advantages and the need for industry-wide innovation, the fuel grinder market is set to register hefty growth over the forecast period.
Rapid industrialization and urbanization, especially across growing economies, is set to create huge demand for fuel grinders. Economies such as China and India in Asia-Pacific are expected to register high growth in the fuel grinder market over the forecast period. North America, being already modernized and technologically-advanced, occupies the highest market share and is expected to hold a large share over the forecast period.
With the construction boom and no significant growth in the construction sector in Japan, the fuel grinder market is not expected to register great demand in the region. Europe is pegged to exhibit moderate demand for the fuel grinder market. With recent investments in Africa, the region is showing slow progress in the construction and urbanization sector, which is expected to create significant demand for the fuel grinder market over the forecast period.
Examples of some of the market participants in the global fuel grinder market identified across the value chain include:
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On the basis of industry, the global fuel grinder has been segmented as:
On the basis of type, the global fuel grinder has been segmented as:
On the basis of grinder size, the global fuel grinder has been segmented as:
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The fuel grinder market is likely to grow at a CAGR of 4.2% during the forecast period.
The market is expanding as these tools are widely used across industries for machining, cutting and shaping metal surfaces or equipment.
Manufacturers are likely to find the most opportunities in North America.
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