Global Portable Grinders Market 2018-2022
The market is concentrating in developed countries, therefore, the growth of the portable grinders market in developed countries is also due to their growing availability in specialty home improvement stores.
NEW YORK, Dec. 18, 2018 /PRNewswire/ -- About this market
The market is concentrating in developed countries, therefore, the growth of the portable grinders market in developed countries is also due to their growing availability in specialty home improvement stores. These specialty stores offer portable power tools including potable grinders ad provide consumers the information on numerous brands, prices quality and design comparisons, thereby helping consumers make informed decisions before making purchase. Brand consciousness for power tools including grinders is also increasing which is driving the rise in revenue of established brands which usually charge a premium on their products thereby increasing the average selling prices of portable grinders. The portable grinders market to grow at a CAGR of more than 6% during the forecast period.
Read the full report: https://www.reportlinker.com/p05658100
Market Overview
Rising popularity of DIY culture in developed countries
The growth pf the portable grinders market in developed countries is also due to their growing availability in specialty home improvement stores such as Home Depot, Lowe's and Menard. These specialty stores offer portable power tools which thereby help consumers make informed decisions before making purchases.
Low penetration of portable grinders in developing and emerging countries
The professionals in developing countries tend to use advanced power tools such as portable grinders that increase their productivity, accuracy and total income. Therefore, over- dependence of the global portable grinders market on developed countries to earn its revenue keeps the market from achieving its true growth potential. This factor is a major challenge that needs to be overcome by developing cost- effective portable grinders for developing and emerging economies.
For the detailed list of factors that will drive and challenge the growth of the portable grinders market during the 2018-2022, view our report.
Competitive Landscape
The portable grinders market is fragmented with the presence of numerous established services provider. This encourages the entry of several established players that intensify the competition in the portable grinders market. This will result in a more fragmented market where the level of competition is quite intense. Due to the growing need to differentiate their products from their competitors', portable grinders companies have already started focusing on introducing new and innovative products.
Read the full report: https://www.reportlinker.com/p05658100
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