The power nibbler market, which is expected to reach a value of US$ 267.5 million by 2032 and grow at a CAGR of 4.8% over the forecast period, is currently valued at US$ 167.8 million as of 2022. Power nibbler sales are anticipated to increase during the forecast period due to an increase in the demand for tools used for cutting metal sheets, as well as low labour costs and a number of other factors.
Power nibblers are becoming more popular because they are electrically powered, operate more efficiently than hand nibblers, and can cut a variety of metals, including aluminium, mild steel, stainless steel, etc. Furthermore, the demand for power nibblers is anticipated to rise due to the fact that they are more dependable and user-friendly than hand nibblers, which operate with a lot of manual labour.
Even the statistics indicate that the market share of power nibblers will grow. Prior to the anticipated growth, the market’s CAGR was 4%; as a result, the forecast period’s CAGR is now 4.8%.
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Current market dynamics pertaining to the power nibbler market
The cutting capabilities of the power nibblers range from 8 gauge to 18 gauge, and they are available in a variety of capacities. Due to the variety of options they offer, the demand for power nibblers is anticipated to rise. There is more construction activity going on than before. Power nibbler sales are anticipated to increase as a result because they are used to install metal fittings in structures. Power nibblers are also employed in the development of siding, façade, and roof components.
The increased construction activity would result in an upgrade of the current infrastructure and rapid urbanisation, expanding the opportunities for the use of power snatchers. It is anticipated that this will increase the use of power nibblers. The power nibblers are used for assembly in addition to cutting. Power nibblers are used by the body shops when building cars. The market size for power nibblers is anticipated to grow as a result.
Power nibblers can be rotated through 360 degrees in four steps of 90 degrees on some models. The sales of the power nibbler may rise as a result of this. Additionally, the power nibblers operate flawlessly in difficult-to-reach places, such as cuts along edges and weld seams, which might encourage more people to use them.
Power nibblers also have the important advantage of being able to cut metal sheets without generating sparks or distortion, making them very safe to use. The power nibbler market is predicted to increase as a result. Power nibbler adoption is predicted to rise as a result of the quick technological advancements occurring, particularly in the electrical and mechanical fields.
Power nibblers are frequently hung in the ridges of the metal sheet, which is one of the main problems with their use. However, a knowledgeable operator can deal with this successfully.
Some of the Key Market Players in the Power Nibbler Market
Some of the key players in the power nibbler market are: Robert Bosch Tool Corporation, TRUMPF Group, Milwaukee Tool, Makita, DEWALT, C & E. Fein GmbH, and Fein Power Tools India Private Limited.
The companies are mainly looking for ways to reduce material wastage in sheet metal processing by using COOLLINE, condition monitoring, and by making the best possible use of power nibblers.
- In June 2022, Makita added two cordless heat guns to the expanding LXT System. Both tools provide users with the solutions they require in a wide range of applications and professions.
- In June 2022, DEWALT launched its first ever biodegradable chainsaw oil to help reduce its environmental impact. The oil is a USDA-certified biobased product.
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Key Segments Profiled in the Power Nibble Market Survey
by type of power tool
- Corded
- Cordless
By Application:
- Aluminium
- Mild Steel
- Stainless Steel
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Africa and the Middle East
Performance of North American Power Nibbler Market
One of the most important regions for the power nibbler market is predicted to be North America, which has a 24% market share at the moment. The power nibbler market in North America is anticipated to grow as a result of increased construction activity and the swift advancement of technology.
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The Performance of the European Power Nibbler Market
One of the biggest markets for power nibblers is anticipated to be Europe, which has a 28% market share at the moment. In addition to technology and construction work, safety concerns are highly prioritised in this area. The power nibblers help with safety because they don’t cause any sparks when used.
Additionally, people all over Europe place a strong emphasis on a product’s usability. As a result of the power nibblers’ lack of feed force operation, only the absolute minimum amount of force is needed. Additionally, this is anticipated to increase the use of power nibblers in Europe.
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