Market Overview:
The global tool sharpener market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for manual and automatic tool sharpeners from various end-use industries, such as automotive, aerospace, metal fabrication, and others. In addition, the growing awareness about maintaining sharp tools has led to an increase in demand for tool sharpeners across regions. Based on type, the global tool sharpener market is segmented into manual and automatic tool sharpeners. The manual tool sharpener segment is projected to grow at a higher CAGR than the automatic tool sharpener segment during the forecast period. This growth can be attributed to factors such as ease of use and low cost of manual tools when compared with automatic ones.
Product Definition:
A tool sharpener is a device or machine that is used to sharpen the blades of tools. The importance of a tool sharpener is that it helps to ensure that the blades of tools are in good condition and are able to perform their intended functions properly.
Manual Tool Sharpener:
Manual tool sharpener is a device used to sharpen the cutting edge of tools and knives. It's an old technology that has been around for thousands of years. The basic principle behind it is quite simple, if the stone or metal wears down then the only way to restore it is by using another piece of softer material and grinding it against the harder one until they are both equally blunt.
Automatic Tool Sharpener:
An automatic tool sharpener is a device used to sharpen the cutting tools such as knives, saws and chisels etc. It consists of two metal plates connected by a rotating wheel. As the tool approaches the surface of one plate, it is automatically moved towards the other plate where it contacts with an abrasive material which removes or reduces any burr from the edge of said tool.
Application Insights:
The reconditioning application segment dominated the global tool sharpener market in 2017. This is attributed to the increasing demand for new tools and machinery in various industries, such as construction, automotive, manufacturing and mining. The high demand for reconditioned tools is primarily driven by their low cost as compared to brand new ones. However, this may not be an economical option for long-term investments; hence preferred solutions are automatic tool sharpener machines.
The regrinding application segment accounted for a significant share of the global revenue in 2017 due to its rising adoption across several industries worldwide including metalworking and construction among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing number of automotive manufacturing facilities in China, India, and Japan. In addition, growing construction and mining activities are also anticipated to drive the demand for sharpening machines over the forecast period. Furthermore, availability of skilled labor at low cost along with easy access to capital is another factor that has contributed significantly toward regional market growth.
North America held a significant share in 2017 owing to presence of prominent tool manufacturers such as Arkansas Diamond Company (ADC) and Emerson Electric Co., who have been consistently innovating with product developments aimed at providing high-quality products within budget constraints.
Growth Factors:
- Increasing demand for sharp tools from the manufacturing sector
- Rising popularity of DIY projects and home improvement initiatives
- Growing awareness about the importance of sharp tools for precision work
- Proliferation of online tool sharpening services and products
- Technological advancements in tool sharpening methods and equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Tool Sharpener Market Research Report
By Type
Manual Tool Sharpener, Automatic Tool Sharpener
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Tool Sharpener Market Report Segments:
The global Tool Sharpener market is segmented on the basis of:
Types
Manual Tool Sharpener, Automatic Tool Sharpener
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 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:
- Manual Tool Sharpener
- Automatic Tool Sharpener
- 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 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?
A tool sharpener is a device that helps to sharpen tools. It typically has a number of slots that can hold different-sized blades, and it uses an electric motor to sharpen the blades.
Some of the major companies in the 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 tool sharpener market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Tool Sharpener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Tool Sharpener Market Size & Forecast, 2018-2028
4.5.1 Tool Sharpener Market Size and Y-o-Y Growth
4.5.2 Tool Sharpener Market Absolute $ Opportunity
Chapter 5 Global 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 Tool Sharpener Market Size Forecast by Type
5.2.1 Manual Tool Sharpener
5.2.2 Automatic Tool Sharpener
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 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 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 Tool Sharpener Analysis and Forecast
9.1 Introduction
9.2 North America 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 Tool Sharpener Market Size Forecast by Type
9.6.1 Manual Tool Sharpener
9.6.2 Automatic Tool Sharpener
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 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 Tool Sharpener Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Tool Sharpener Market Size Forecast by Type
10.6.1 Manual Tool Sharpener
10.6.2 Automatic Tool Sharpener
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 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 Tool Sharpener Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Tool Sharpener Market Size Forecast by Type
11.6.1 Manual Tool Sharpener
11.6.2 Automatic Tool Sharpener
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 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 Tool Sharpener Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Tool Sharpener Market Size Forecast by Type
12.6.1 Manual Tool Sharpener
12.6.2 Automatic Tool Sharpener
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 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) Tool Sharpener Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Tool Sharpener Market Size Forecast by Type
13.6.1 Manual Tool Sharpener
13.6.2 Automatic Tool Sharpener
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) 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 Tool Sharpener Market: Competitive Dashboard
14.2 Global 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
