The power nibbler market, which is valued at US$ 167.8 million as on 2022, is anticipated to be valued at US$ 267.5 million by 2032 and is expected to grow at a CAGR of 4.8% during the forecast period. Increasing demand for tools required for cutting metal sheets, coupled with minimum labour and many other factors are expected to drive the sales of power nibbler during the forecast period.
Power nibblers are becoming more popular since they are electrically powered, function considerably more efficiently than manual nibblers, and can cut a variety of metals, including aluminium, mild steel, stainless steel, etc. In addition, because power nibblers are more dependable and user-friendly than hand nibblers, which take a lot of physical labour, the market for them is anticipated to grow.
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Even the data indicate that the market share of power nibblers will grow. Prior to the predicted growth, the market’s CAGR was 4%, but it has now raised to 4.8% for the projection period.
Power nibblers come in a range of sizes and have a cutting capacity of 8 gauge to 18 gauge. The availability of a wide range of solutions is projected to increase demand for power nibbler. There is more available building work than before. Given that it is used to install metal fittings in structures, this is anticipated to increase sales of power nibblers. Power nibblers are also employed in the siding, façade, and roofing industries.
The increased construction work would imply an upgrade of existing infrastructure and rapid urbanisation, implying a greater scope for the use of power nibblers. This is expected to increase power nibbler adoption.
The growing construction work would mean an upgradation of the existing infrastructure and rapid urbanisation, which means an increased scope in the usage of power nibblers. This is expected to increase the adoption of power nibbler. Not even cutting, the power nibblers are used in assembling as well. The body shops make use of power nibblers while assembling cars. This is expected to expand the power nibbler market size.
Some of the power nibblers have the ability to be turned through 360 degrees in four steps of 90 degrees. This is something which might increase the sales of power nibbler. Moreover, the power nibblers work flawlessly in areas which are hard to reach, for cuts across the edges and weld seams, which might as well increase the adoption of power nibbler.
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Another key benefit associated with the usage of power nibblers is that they are able to cut the metal sheets without producing any sparks and distortion, which makes them extremely safe to use. This is expected to boost the power nibbler market. Rapid advancements being made in the field of technology, especially those pertaining to electrical and mechanical areas, are expected to increase the adoption of power nibbler.
However, one of the key challenges associated with the usage of power nibblers is that they are often hung in the ridges of the metal sheet. However, a skilled operator can handle this effectively.
North America, which currently has a market share of 24%, is expected to be one of the most significant regions for the power nibbler market. Increased construction work, along with the rapid development in technology is expected to increase the power nibbler market in North America.
Competitive Landscape:
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 using COOLLINE, Condition monitoring, and by making the best possible usage of power nibblers.
- In June 2022, Makita added two cordless heat guns to expanding LXT System. Both the tools provide users the required solutions in a wide range of applications and professions.
- In June 2022, DEWALT launched its first ever biodegradable chainsaw oil to help reduce environmental impact. The oil is USDA certified biobased product.
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Key Segments Profiled in the Power Nibbler Market Survey
By Power Tool type:
- Corded
- Cordless
By Application:
- Aluminium
- Mild Steel
- Stainless Steel
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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