Overview of the Global Market for In-Hand Motor Grinders, Sanders And Planers

Market Size for In-Hand Motor Grinders, Sanders And Planers

In 2021, the global market for in-hand motor grinders, sanders and planers increased by 15% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the global market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers

In value terms, production of in-hand motor grinders, sanders and planers stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 35% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports

In 2021, global exports of in-hand motor grinders, sanders and planers surged to X units, increasing by 28% on the previous year. Over the period under review, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in planers structure, recording X units, which was near 65% of total exports in 2021. It was distantly followed by Germany (X units), mixing up a 7.8% share of total exports. Mexico (X units), the Netherlands (X units), Belgium (X units), Hungary (X units), Romania (X units), Austria (X units) and the United States (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from China stood at +9.3%. At the same time, the Netherlands (+17.2%), Austria (+15.7%), Romania (+13.3%), Mexico (+10.5%), the United States (+9.0%), Germany (+8.5%), Belgium (+8.2%) and Hungary (+5.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.2% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier worldwide, comprising 46% of global exports. The second position in the ranking was taken by Germany ($X), with a 13% share of global exports. It was followed by Mexico, with a 5.5% share.

In China, exports of in-hand motor grinders, sanders and planers expanded at an average annual rate of +11.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+5.4% per year) and Mexico (+15.3% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, growing by 3.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 10% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.3%), while the other global leaders experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports

For the tenth year in a row, the global market recorded growth in purchases abroad of in-hand motor grinders, sanders and planers, which increased by 39% to X units in 2021. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) represented the major importer of in-hand motor grinders, sanders and planers, comprising 25% of total imports. It was distantly followed by Germany (X units), the Netherlands (X units) and Russia (X units), together making up a 20% share of total imports. France (X units), the UK (X units), Belgium (X units), Poland (X units), Spain (X units), Brazil (X units), India (X units), Australia (X units) and Austria (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor imports into the United States stood at +11.0%. At the same time, the Netherlands (+21.1%), India (+21.0%), Spain (+17.5%), Germany (+15.1%), Austria (+13.6%), Poland (+13.6%), Russia (+11.7%), the UK (+10.5%), Belgium (+9.9%), Brazil (+7.4%), Australia (+7.4%) and France (+6.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +21.1% from 2012-2021. The Netherlands (+3.6 p.p.) and Germany (+2.6 p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by -1.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported in-hand motor grinders, sanders and planers worldwide, comprising 29% of global imports. The second position in the ranking was taken by Germany ($X), with a 9.4% share of global imports. It was followed by France, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +12.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+8.0% per year) and France (+7.8% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, picking up by 1.8% against the previous year. In general, the import price, however, saw a slight decrease. The growth pace was the most rapid in 2018 an increase of 4.1% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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