Market Overview:
The global automatic tool sharpener market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision and accuracy in machining operations, rising adoption of automated machines, and growing demand for portable automatic tool sharpeners. Based on type, the global automatic tool sharpener market can be segmented into sand-based, diamond impregnated, glass and sand-based, ceramic impregnated, and metal-based sharpeners. The sand-based type is expected to hold the largest share of the global automatic tool sharpener market in 2018 owing to its low cost and easy availability. However, the metal-based type is projected to grow at a higher CAGR during the forecast period as it offers better performance than other types of sharpeners available in the market. Based on application, the global automatic tool sharpener market can be segmented into reconditioning (regrinding), sharpening (maintenance), and others (including calibration).
Product Definition:
An automatic tool sharpener is a device that automatically sharpens the cutting edges of tools. They are used to keep tools in good condition so they can be used for a longer period of time.
Sand based:
Sand is a natural material, which is used as an abrasive in the production of hand tools and power tools. It helps in sharpening the tool by removing metal chips and filings from its surface. The growing demand for hand tools across various industries such as construction, automotive, woodworking and electronics among others has led to an increase in sand based sharpener sales over the past few years.
Diamond Impregnated:
Diamond is a naturally occurring solid material and has the highest hardness rating of 9 on Moh's scale next to diamond. Diamond is used in various industries including jewelry, industrial applications, abrasives, etc. However; due to its high cost and scarcity it is also used as an impurity (a filler) in other materials such as silicon carbide and silicon nitride for manufacturing semiconductors that require high-purity materials.
Application Insights:
The reconditioning application segment dominated the global automatic tool sharpener market in 2017. This is attributed to the increasing demand for sharp tools in various applications including construction, automotive, mining and others. The construction industry is one of the major consumers of sharp tools due to increased use of power tools for building and renovation activities. As a result, there has been an increase in demand for automatic tool sharpeners during this period.
The re-sharpening segment is expected to witness significant growth over the forecast period owing to rising awareness among manufacturers about providing superior services through advanced equipment with state-of-the-art technology at affordable costs coupled with improved customer experience as compared to manual methods used by competitors operating without advanced machinery.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for automatic tool sharpener over the forecast period. The growth can be attributed to increasing industrialization and rapid development in countries such as China, India, Japan, South Korea, and Taiwan. Increasing foreign investments coupled with favorable government policies are some of the factors responsible for promoting manufacturing activities in these economies which will drive product demand over the next eight years.
The Asia Pacific region accounted for a share of more than 30% of global revenue in 2017 owing to high demand from end-use industries such as automotive and construction that require precision tools sharpened regularly. In addition, rising disposable income especially among middle class population groups will fuel regional product sales over the coming years.
Growth Factors:
- Increasing demand for precision in machining operations
- Growing popularity of automated manufacturing processes
- Rising need to improve process efficiency and throughput in manufacturing facilities
- Proliferation of CNC machines and other advanced equipment in industrial sectors
- Technological advancements that enable development of more efficient and versatile tool sharpening systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Tool Sharpener Market Research Report
By Type
Sand based, Diamond Impregnated, Glass and sand-based, Ceramic impregnated, Metal-based
By Application
Reconditioning, Regrinding, Sharpening
By Companies
WIDIA Product, Seco Tools, Guhring, Liebherr, W.W. Grainger, Core Cutter LLC, Hartland Cutting Tools, Fraisa USA, RTS Cutting Tools, Clinetool, WIDIA Product, APEX cutting tools, Pokolm Frastechnik GmbH, Emuge Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Tool Sharpener Market Report Segments:
The global Automatic Tool Sharpener market is segmented on the basis of:
Types
Sand based, Diamond Impregnated, Glass and sand-based, Ceramic impregnated, Metal-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Reconditioning, Regrinding, Sharpening
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WIDIA Product
- Seco Tools
- Guhring
- Liebherr
- W.W. Grainger
- Core Cutter LLC
- Hartland Cutting Tools
- Fraisa USA
- RTS Cutting Tools
- Clinetool
- WIDIA Product
- APEX cutting tools
- Pokolm Frastechnik GmbH
- Emuge Corporation
Highlights of The Automatic Tool Sharpener Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sand based
- Diamond Impregnated
- Glass and sand-based
- Ceramic impregnated
- Metal-based
- By Application:
- Reconditioning
- Regrinding
- Sharpening
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Tool Sharpener Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automatic tool sharpener is a machine that uses diamond blades to sharpen tools quickly and easily. It typically has an LCD screen that displays the angle of the blade, as well as how much sharpening is left to be done.
Some of the major players in the automatic tool sharpener market are WIDIA Product, Seco Tools, Guhring, Liebherr, W.W. Grainger, Core Cutter LLC, Hartland Cutting Tools, Fraisa USA, RTS Cutting Tools, Clinetool, WIDIA Product, APEX cutting tools, Pokolm Frastechnik GmbH, Emuge Corporation.
The automatic tool sharpener market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Tool Sharpener Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Tool Sharpener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Tool Sharpener Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Tool Sharpener Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Tool Sharpener Market Size & Forecast, 2018-2028
4.5.1 Automatic Tool Sharpener Market Size and Y-o-Y Growth
4.5.2 Automatic Tool Sharpener Market Absolute $ Opportunity
Chapter 5 Global Automatic Tool Sharpener Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automatic Tool Sharpener Market Size Forecast by Type
5.2.1 Sand based
5.2.2 Diamond Impregnated
5.2.3 Glass and sand-based
5.2.4 Ceramic impregnated
5.2.5 Metal-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automatic Tool Sharpener Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automatic Tool Sharpener Market Size Forecast by Applications
6.2.1 Reconditioning
6.2.2 Regrinding
6.2.3 Sharpening
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Tool Sharpener Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Tool Sharpener Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automatic Tool Sharpener Analysis and Forecast
9.1 Introduction
9.2 North America Automatic Tool Sharpener Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automatic Tool Sharpener Market Size Forecast by Type
9.6.1 Sand based
9.6.2 Diamond Impregnated
9.6.3 Glass and sand-based
9.6.4 Ceramic impregnated
9.6.5 Metal-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automatic Tool Sharpener Market Size Forecast by Applications
9.10.1 Reconditioning
9.10.2 Regrinding
9.10.3 Sharpening
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automatic Tool Sharpener Analysis and Forecast
10.1 Introduction
10.2 Europe Automatic Tool Sharpener Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automatic Tool Sharpener Market Size Forecast by Type
10.6.1 Sand based
10.6.2 Diamond Impregnated
10.6.3 Glass and sand-based
10.6.4 Ceramic impregnated
10.6.5 Metal-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automatic Tool Sharpener Market Size Forecast by Applications
10.10.1 Reconditioning
10.10.2 Regrinding
10.10.3 Sharpening
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automatic Tool Sharpener Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automatic Tool Sharpener Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automatic Tool Sharpener Market Size Forecast by Type
11.6.1 Sand based
11.6.2 Diamond Impregnated
11.6.3 Glass and sand-based
11.6.4 Ceramic impregnated
11.6.5 Metal-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automatic Tool Sharpener Market Size Forecast by Applications
11.10.1 Reconditioning
11.10.2 Regrinding
11.10.3 Sharpening
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automatic Tool Sharpener Analysis and Forecast
12.1 Introduction
12.2 Latin America Automatic Tool Sharpener Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automatic Tool Sharpener Market Size Forecast by Type
12.6.1 Sand based
12.6.2 Diamond Impregnated
12.6.3 Glass and sand-based
12.6.4 Ceramic impregnated
12.6.5 Metal-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automatic Tool Sharpener Market Size Forecast by Applications
12.10.1 Reconditioning
12.10.2 Regrinding
12.10.3 Sharpening
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automatic Tool Sharpener Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automatic Tool Sharpener Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automatic Tool Sharpener Market Size Forecast by Type
13.6.1 Sand based
13.6.2 Diamond Impregnated
13.6.3 Glass and sand-based
13.6.4 Ceramic impregnated
13.6.5 Metal-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automatic Tool Sharpener Market Size Forecast by Applications
13.10.1 Reconditioning
13.10.2 Regrinding
13.10.3 Sharpening
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Tool Sharpener Market: Competitive Dashboard
14.2 Global Automatic Tool Sharpener Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WIDIA Product
14.3.2 Seco Tools
14.3.3 Guhring
14.3.4 Liebherr
14.3.5 W.W. Grainger
14.3.6 Core Cutter LLC
14.3.7 Hartland Cutting Tools
14.3.8 Fraisa USA
14.3.9 RTS Cutting Tools
14.3.10 Clinetool
14.3.11 WIDIA Product
14.3.12 APEX cutting tools
14.3.13 Pokolm Frastechnik GmbH
14.3.14 Emuge Corporation
