Die grinder: Key market research findings
- Shift towards cordless grinders
- Replacement of Ni-Cd batteries with Li-ion batteries in die grinder
Technavio has released a new market research report on the global die grinder market, which is expected to grow at a CAGR of 7% between 2016 and 2020. Die grinder is a rotary tool which caters to several applications across industries such as construction, woodworking, metalworking, engineering, and fabrication. This power tool has gained huge prominence among welders, boilermakers, ironworkers, sheet metal workers such as HVAC technicians, and other fabricators. APAC is the fastest-growing market for die grinders due to the presence of developing economies in the region such as India, China. These countries are adopting innovative policies to attract investments from manufacturers.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments
“Conventional die grinders are shifting from corded tools to cordless tools, as they are easy to use and have a comfortable grip surface compared to the traditional models. Manufacturers are also increasingly opting for cordless die grinders with improved design and lesser hand stress to overcome workplace hazards. It is estimated that globally, employers pay nearly $1 billion per week as compensation costs to workers. Cordless grinders are forecast to gain traction in the coming years due to their ease of use and performance advantages,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
Of late, the die grinder market is witnessing the replacement of Ni-Cd batteries with Li-ion batteries. Li-ion batteries have many advantages over Ni-Cd batteries; they are lightweight and highly efficient, and offer enhanced run time. The batteries also do not contain toxic materials such as mercury or cadmium. Though these batteries are expensive, they have better battery life compared to other battery technologies. These advantages have prompted manufacturers to opt for these batteries in terms of productivity and operational cost.
The leading vendors in the global die grinder market are Atlas Copco, Danaher, Hitachi Koki, Makita, and Bosch. Intense competition prevails in this market, owing to the presence of many global vendors. However, the local players have an advantage over global players in terms of pricing. The threat of new entrants is high as many local and regional vendors are entering the market with low-quality products.
A more detailed analysis is available in the Technavio report, Global Die Grinder Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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