Lucintel Forecasts Global Power Nibbler Market to Reach $0.3 billion by 2030.


Posted October 14, 2023 by Lucintel

According to a market report by Lucintel, the future of the global power nibbler market looks promising with opportunities in the aluminum, mild steel, and stainless steel markets

 
According to a market report by Lucintel, the future of the global power nibbler market looks promising with opportunities in the aluminum, mild steel, and stainless steel markets. The global power nibbler market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 5.1% from 2024 to 2030.
The major drivers for this market are rising demand for tools required for cutting metal sheets and increasing trend of integrating power nibblers with industrial automation and robotic systems.
A more than 150 – page report is developed to understand trends, opportunity and forecast in power nibbler to 2030 by type (corded and cordless), application (aluminum, mild steel, stainless steel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, corded and cordless are the major segments of power nibbler market by power tool type.
Lucintel forecasts that cordless will remain the higher growing segment over the forecast period because it provides the users with unparalleled convenience and portability and it ensures rapid charging capabilities while ensuring uninterrupted productivity.
Within this market, aluminum will remain the largest segment over the forecast period because of its lightweight nature and exceptional corrosion resistance properties.
North America will remain the largest region over the forecast period due to significantly growing construction industry, rapid advancement in technology, as well as infrastructure developments done through government initiatives.
Robert Bosch Tool Corporation, Trumpf Group, Milwaukee Electric Tool Corporation, Makita Corporation, Dewalt, C & E. Fein, Fein Power Tools, Ingersoll Rand, and Dicfeos are the major suppliers in the power nibbler market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Issued By Lucintel
Country United States
Categories Business
Tags power nibbler market
Last Updated October 14, 2023