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Die Grinders Market – Key Insight, Top Vendor Analysis, Growth Rate and Regional Forecast

, 3 October 2018 -- Die Grinders Market – Key Insight, Top Vendor Analysis, Growth Rate and Regional Forecast

A die grinder is a handheld power tool that is used for polishing, sanding, grinding, honing, or machining materials such as metal, wood, and plastic. It is either powered pneumatically or electrically. These die grinders are useful for ironworkers, boilermakers, welders, sheet metal workers, such as instance HVAC specialists, and other fabricators. These grinders are also called rotary tools, and are utilized in several applications across various industries such as woodworking, construction, metalworking, fabrication, and engineering.

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Electronics and electrical machines use metal exteriors for protection against external shocks. The production of these metal coverings requires processing activities such as bending, cutting, welding, machining, and forming. Consequently, rise in demand for electronics and electrical machines is projected to boost the demand for die grinders. Moreover, increasing application of die grinders in automotive and metal fabrication industries Application of die grinders is expected to increase at a steady pace in the near future. Die grinders are utilized to remove unfinished and unwanted material in the metal fabrication industry. These type of products find the usage in end-user industries for instance machinery and construction. Additionally, right angle and straight die grinders are broadly utilized for the production of electric vehicles and automobiles in the automotive sector. Above factors are anticipated to drive the die grinders market during the forecast period. However, sluggishness in Chinese economy is expected to hamper the die grinders market, as the country’s metal and automotive works industries are the main end users of die grinders.

The global die grinders market can be segmented based on product, end-user, distribution channel, and region. Based on product, the die grinders market can be classified into air die grinders, electric die grinders, and other. In terms of end-user, the die grinders market can be divided into construction, automotive, and others. Based on distribution channel, the die grinders market can be bifurcated into offline channel and online channel. Moreover, the offline channel segment can be further sub-segmented into specialty stores, hypermarket, individual stores, and equipment stores.

In terms of region, the global die grinders market can be segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the die grinders market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the die grinders market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America die grinders market is segmented into Brazil, Mexico, and Rest of South America. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. These is due to the replacing of automobile producers to low-cost workforce countries such as Indonesia, India, and Vietnam in order to decrease transportation costs and response time.

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Key players operating in the global die grinders market includes Atlas Copco Tools and Assembly Systems LLC, Robert Bosch Tool Corporation, DEWALT, Hitachi Power Tools, Makita, APEX Tool Group, LLC, Milwaukee Tool, Walter Surface Technologies Inc., KEN Holding Co., Ltd., Kulkarni Power Tools, Ingersoll-Rand plc, C. & E. Fein GmbH, 3M, Astro Pneumatic Tool Company, and Matco Tools Corporation. The foremost competitors in the global market are using several strategies for making an entry in the market and developing in the die grinders market. Key strategies adopted by established players in order to compete in the die grinders market include advancements of new products, mergers, partnerships, acquisitions, and agreements.

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Submitted by K Singha on Wednesday, 3 October 2018 at 9:02 PM
Category: Science & Research
 
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