Electric Angle Grinder Market

 COVID-19 Impact analysis

• The COVID-19 pandemic ceased the production of various products in the electric angle grinder industry, which is attributed to the global lockdown. This has hampered the growth of electric angle grinder market in the years and a similar trend is expected to be seen in the first half of 2022.
• The major demand for electric angle grinder was previously noticed from giant developed and developing countries, including the U.S., Germany, Italy, the UK, India, China and others, which are negatively affected by the spread of the coronavirus, thereby declining the demand for electric angle grinder.
• Further, potential long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Electric angle grinder manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
• Electric angle grinder manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

Rise in the trend of Do It Yourself (DIY) culture among home owners for personal home touchups and renovation is driving the demand for electric angle grinders. Further, the rapid urbanization in many countries is pushing the demand in the construction sector for new homes. This is expected to drive the demand for the electric angle grinder market in the future. In addition, the electric angle grinder can incorporate different types of discs for different types of tasks such as cutting, grinding, and polishing. This features high versatility for the equipment, thus, surging demand for electric angle grinders. However, the fluctuating prices of raw materials used for manufacturing angle grinders is one of the restraining factors hindering the growth of electric angle grinders. Contrarily, technological developments in electric angle grinder products such as the latest innovation in battery technology, and incorporation of innovative safety measures can not only boost the efficiency of the equipment but also result in a lower number of accidents caused due to mishandling of the electric angle grinder. This is anticipated to create lucrative opportunities for the growth of the electric angle grinder market during the forecast period.

Market Trends

• New products that contain improved capabilities are launched by leading market players. They take the necessary steps to improve the accuracy of devices and overall functionality. For instance, in November 2021, Bosch Power Tools, a global manufacturer of power tools and accessories, launched the "X-LOCK" in India. This new innovative system is launched to make the changing of accessories quick and keyless. This makes the operation five times faster.
• Similarly, competitors in the electric angle grinder market adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in December 2021, Stanley Black & Decker, a manufacturer of industrial tools, household hardware, and security products, acquired MTD Holdings, Inc., which operates in the same product portfolio. The acquisition helps Stanley Black & Decker to grow its product portfolio and advance its foothold in the market.
• Moreover, business expansion strategies assist in enhancing the geographic footprint of the company and help in gaining significant market share for electric angle grinder market products. For instance, in September 2019, Techtronic Industries, based in Hong Kong, announced its plans to expand its operations in Anderson County, Colombia, S.C. of the U.S. This expansion includes a new 1 million-square-foot manufacturing plant along with a warehouse to support production and assembly operations in the county for the region.

Key Benefits of the Report

• This study presents the analytical depiction of the electric angle grinder industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electric angle grinder market share.
• The current market is quantitatively analyzed to highlight the electric angle grinder market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed electric angle grinder market analysis based on competitive intensity and how the competition will take shape in coming years.