Market Overview:
The global power-assisted tool sharpener market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for power-assisted tool sharpeners from various end-use industries. Based on type, the global power-assisted tool sharpener market has been segmented into diamond impregnated, glass and sand-based, and metal-based. Of these, the diamond impregnated segment is expected to account for a major share of the market during the forecast period. This can be attributed to its ability to sharpen tools quickly and efficiently. Based on application, the global power assisted tool sharpener market has been segmented into reconditioning, regrinding, and sharpening. The reconditioning segment is anticipated to hold a dominant position in terms of revenue during the forecast period owing to rising demand from automotive OEMs for precision grinding applications.
Product Definition:
A power-assisted tool sharpener is a device that uses a motor to help sharpen the blade of a tool. This type of sharpener is important because it can provide more consistent results than manual sharpening. It also requires less effort on the part of the user, which can be helpful for those who are not experienced in using traditional hand tools.
Diamond Impregnated:
The global diamond impregnated, it's usage and growth factor in Power-Assisted Tool Sharpener market size was valued at USD 1.09 billion in 2015. The industry is expected to witness significant growth owing to the increasing demand for power-assisted tool sharpener from the industrial manufacturing sector on account of stringent government regulations regarding workplace safety and employee comfort levels.
Glass and Sand-based:
Glass and sand-based systems are used in power-assisted tool sharpener market owing to their characteristics such as high speed, less wear and tear of the tool, easy maintenance of angles at high temperatures up to 400°C (750°F), less operating time, cost effective compared to other systems.
The glass and sand based system is a type of water jet cutting system that uses abrasives for the removal of burr on tools or workpieces.
Application Insights:
The reconditioning application segment dominated the global power-assisted tool sharpener market in 2017. This is attributed to the increasing demand for sharp tools in various industries, such as construction, automotive and heavy equipment. The need for frequent sharpenings is also driving the demand for power-assisted tool sharpeners in this segment.
The regrinding application segment accounted for a significant share of 21% of the global revenue share in 2017 owing to an increase in grinding operations across several industries including mining, construction and food processing. Moreover, with rising disposable income levels among consumers around the world and changing lifestyles that require more convenience products; manufacturers are investing heavily on product development to meet growing consumer demands which will drive growth further over next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing awareness regarding power-assisted tool sharpening, growing preference for hand tools, and high adoption rate of power-assisted tool sharpener among woodworkers and metal workers across this region.
Asia Pacific is anticipated to witness a significant CAGR over the forecast period owing to rising product demand from various end-use industries such as construction, automotive, manufacturing, gardening equipment etc., especially in developing countries such as India and China. Growing penetration of electric drills due their ease of use will drive product sales further contributing towards regional growth during the forecast years.
Growth Factors:
- Increasing demand for power-assisted tool sharpeners from the automotive and aerospace industries due to the increasing adoption of advanced machining processes in these industries.
- Growing demand for portable power-assisted tool sharpeners from individual consumers and small businesses due to their easy portability and low cost of ownership.
- Increasing demand for electric power-assisted tool sharpeners from commercial establishments owing to their high efficiency and precision compared to traditional manual sharpening methods.
- Rising popularity of online retailing as a distribution channel for power-assisted tool sharpeners, which is resulting in increased availability of these products at lower prices across global markets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power-Assisted Tool Sharpener Market Research Report
By Type
Diamond Impregnated, Glass and Sand-based, Metal-based
By Application
Reconditioning, Regrinding, Sharpening
By Companies
WIDIA Product Group, Seco Tools, Guhring, Liebherr, W.W. Grainger, Core Cutter, Hartland Cutting Tools, Fraisa USA, RTS Cutting Tools, Clinetool, WIDIA Product Group, APEX cutting tools, Pokolm Frastechnik GmbH & Co. KG, 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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Power-Assisted Tool Sharpener Market Report Segments:
The global Power-Assisted Tool Sharpener market is segmented on the basis of:
Types
Diamond Impregnated, Glass and Sand-based, 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 Group
- Seco Tools
- Guhring
- Liebherr
- W.W. Grainger
- Core Cutter
- Hartland Cutting Tools
- Fraisa USA
- RTS Cutting Tools
- Clinetool
- WIDIA Product Group
- APEX cutting tools
- Pokolm Frastechnik GmbH & Co. KG
- Emuge Corporation
Highlights of The Power-Assisted 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:
- Diamond Impregnated
- Glass and Sand-based
- 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 Power-Assisted 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:
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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?
A power-assisted tool sharpener is a device that uses an electric motor to sharpen tools. It is often more efficient than manual methods and can be used on a variety of tools, including knives, scissors, saws and axes.
Some of the key players operating in the power-assisted tool sharpener market are WIDIA Product Group, Seco Tools, Guhring, Liebherr, W.W. Grainger, Core Cutter, Hartland Cutting Tools, Fraisa USA, RTS Cutting Tools, Clinetool, WIDIA Product Group, APEX cutting tools, Pokolm Frastechnik GmbH & Co. KG, Emuge Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power-Assisted 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 Power-Assisted Tool Sharpener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power-Assisted 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 Power-Assisted 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 Power-Assisted Tool Sharpener Market Size & Forecast, 2018-2028
4.5.1 Power-Assisted Tool Sharpener Market Size and Y-o-Y Growth
4.5.2 Power-Assisted Tool Sharpener Market Absolute $ Opportunity
Chapter 5 Global Power-Assisted 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 Power-Assisted Tool Sharpener Market Size Forecast by Type
5.2.1 Diamond Impregnated
5.2.2 Glass and Sand-based
5.2.3 Metal-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power-Assisted 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 Power-Assisted 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 Power-Assisted 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 Power-Assisted 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 Power-Assisted Tool Sharpener Analysis and Forecast
9.1 Introduction
9.2 North America Power-Assisted 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 Power-Assisted Tool Sharpener Market Size Forecast by Type
9.6.1 Diamond Impregnated
9.6.2 Glass and Sand-based
9.6.3 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 Power-Assisted 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 Power-Assisted Tool Sharpener Analysis and Forecast
10.1 Introduction
10.2 Europe Power-Assisted 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 Power-Assisted Tool Sharpener Market Size Forecast by Type
10.6.1 Diamond Impregnated
10.6.2 Glass and Sand-based
10.6.3 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 Power-Assisted 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 Power-Assisted Tool Sharpener Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power-Assisted 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 Power-Assisted Tool Sharpener Market Size Forecast by Type
11.6.1 Diamond Impregnated
11.6.2 Glass and Sand-based
11.6.3 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 Power-Assisted 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 Power-Assisted Tool Sharpener Analysis and Forecast
12.1 Introduction
12.2 Latin America Power-Assisted 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 Power-Assisted Tool Sharpener Market Size Forecast by Type
12.6.1 Diamond Impregnated
12.6.2 Glass and Sand-based
12.6.3 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 Power-Assisted 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) Power-Assisted Tool Sharpener Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power-Assisted 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) Power-Assisted Tool Sharpener Market Size Forecast by Type
13.6.1 Diamond Impregnated
13.6.2 Glass and Sand-based
13.6.3 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) Power-Assisted 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 Power-Assisted Tool Sharpener Market: Competitive Dashboard
14.2 Global Power-Assisted Tool Sharpener Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WIDIA Product Group
14.3.2 Seco Tools
14.3.3 Guhring
14.3.4 Liebherr
14.3.5 W.W. Grainger
14.3.6 Core Cutter
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 Group
14.3.12 APEX cutting tools
14.3.13 Pokolm Frastechnik GmbH & Co. KG
14.3.14 Emuge Corporation
