February 22, 2022
As per the research report titled, ‘Global Sander Market Size study, by Product (Orbital Sander, Belt Sander, Others) by Application (Residential, Industrial) and Regional Forecasts 2021-2027, available with MarketStudyReport, global sander market is expected to witness considerable growth during the forecast period.
The explosive growth of global sander market can be credited to the increasing popularity of interior home décor and growing urbanization. Sander is essentially a tool that is used for various purposes such as polishing, smoothing, or cleaning surfaces like metal, wood, or plastic. It is also used to sand the surface for finishing.
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Booming e-commerce sector and widespread adoption of online mediums are also stimulating the overall industry outlook. However, government initiatives that encourages a sustainable environment are likely to limit the market growth over the study period.
By product type, worldwide sander industry is divided into belt sander, orbital sander, and others. The application scope involves industrial and residential segments.
The worldwide scope for this business space is defined by Latin America, (Mexico, Brazil), North America, (the U.S., Canada) Europe (Germany, Spain, the U.K., France, Italy), Asia-Pacific (India, China, South Korea, Japan, Australia) and the rest of the world. The report states that Europe currently accounts for the largest market share, primarily driven by high concentration of e-commerce platforms.
According to the forecast, North America is also expected to record a robust CAGR between 2021 and 2027. Variables such as expanding home interior popularity and swift urbanization are facilitating the business scenario in North America.
The major companies operating in the global sander market are Metabowerke GmbH, Milwaukee Electric Tool Corporation, Bahco Tools, Mirka Ltd., Triton Tools, Festool Group GmbH & Co. KG, Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker Inc., and Changzhou Tianhe Electric Co. Ltd.