Global Battery Operated Grease Gun Market Research 2024, Forecast To 2033
8 Mar, 2024
The battery operated grease gun market has shown strong growth, with a valuation of $1.18 billion in 2023 and $1.26 billion in 2024 at a CAGR of 7.1%, attributed to increasing demand for efficient maintenance tools. Expected to see continued strong growth, the market is projected to grow to $1.6 billion in 2028 at a CAGR of 6.2%, driven by the expansion of manufacturing and automotive industries. Major trends include integration of smart technology and rise in demand for eco-friendly lubrication solutions.
Global Battery Operated Grease Gun Market Key Driver
The increasing demand for construction activities is expected to propel the growth of the battery-operated grease gun market going forward. Construction activities refer to the processes involved in building new structures, renovating or repairing existing systems, and maintaining the functionality and safety of buildings, infrastructure, and other facilities. Grease guns are commonly used in the construction industry for applying lubricants to various components such as bearings, joints, hinges, and fasteners in machinery, equipment, and structures, ensuring smooth operation, preventing wear and tear, and extending their lifespan. For instance, according to a 2022 report published by the Bureau of Economic Analysis (BEA), a US-based government organization that provides official macroeconomic and industry statistics, the size of the US construction industry increased from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. Therefore, the increasing demand for construction is driving the growth of the battery-operated grease gun market.
Get A Free Sample Of The Global Battery Operated Grease Gun Market ReportGlobal Battery Operated Grease Gun Market Segments
The battery operated grease gun market covered in this report is segmented –
1) Type:12V, 18V, 20V, Other Types
2) Loading:Bulk Loading, Cartridge Loading, Suction Loading
3) Application:Industrial, Agriculture, Construction, Automotive, Other Applications
By Geography: The countries covered in the battery operated grease gun market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the battery-operated grease gun market in 2023. The regions covered in the battery operated grease gun market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Battery Operated Grease Gun Industry Players
Wilmar Corporation; Makita Corporation; Ingersoll-Rand Ltd.; Lincoln Electric Co.; Graco Inc.; Milwaukee Electric Tool Corp.; Trico Corporation; Samson Corporation; Groz Engineering Tools Pvt. Ltd.; Ryobi Ltd.; SKF Group; Beta Tools Pvt. Ltd.; Lumax Industries Ltd.; Plews & Edelmann Co.; Legacy Manufacturing Co.; Pressol Schmiergeräte GmbH; Macnaught Pty Ltd.; Omega Lift Services Ltd.; Ampro Tools Pte Ltd.; Alemite LLC; ARES Tool; LockNLube; Powerbuilt Tools; LiquiDynamics Inc.; KD Tools Private Limited; Neiko Tools; DeWalt Power Tool Company Ltd.; Hitachi Power Tools Pvt Ltd.; Robert Bosch Power Tools GmbH
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Battery Operated Grease Gun Market Overview
A battery-operated grease gun is a battery-powered handheld tool used for lubrication in heavy equipment and machinery applications. It is designed to inject heavy lubricating grease into machine parts.