What is Orbital Polisher Market?
Orbital Polisher are tools primarily used to polish surfaces like metal sheets or automobile and aeroplanes. They give smooth finishing, help in paint correction and giving excellent shine to the surface. Orbital Polishers exist in 4 main types which are Standard, Forced Rotation Dual Actions, Random and Rotary Orbitals. With Rotary Orbital being the most powerful among them and the most difficult to operate. Like Other Prominent Power Tools, Orbital Polisher too exists in both wired and cordless configuration, with cordless machines costing more than wired orbital polishers. Growth of Automotive and Aviation Industry, which are biggest end users of Orbital Polisher will lead to expansion and rise of orbital polisher Industry. Asia Pacific is the biggest market with rapid industrialisation and ever growing automobile demand.
The market study is being classified by Type (Standard Orbital, Forced Rotation Dual Actions Orbital, Random Orbital and Rotary Orbital), by Application (Automotive, Aviation, Marine and Others) and major geographies with country level break-up.
Stanley Black & Decker, Inc. (United States), Robert Bosch Tool Corporation (Germany), Griot's Garage Inc. (United States), RUPES USA, Inc. (United States), TRIESTE a. s. (Czech Republic), Flex North America, Inc. (United States), Ingersoll-Rand plc (Ireland), Makita Corporation (Japan), Metabowerke GmbH (Germany) and Chicago Pneumatic (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Jiangxi Checheng Trading Co., Ltd. (China), Mirka Ltd. (Finland) and Krauss Tools GMBH (Germany).
The expansion of Automobile and Aviation Industry has resulted in huge positive impact on Power Tools business, one of them being Orbital Polishers. Orbital Polishers market is moderately fragmented with many regional and global players present. Robert Bosch Tool Corporation is a major player in the market.
Segment Analysis
Analyst at AMA have segmented the market study of Global Orbital Polisher market by Type, Application and Region.
On the basis of geography, the market of Orbital Polisher has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growth of Automobile Manufacturing
- Increase in Vehicle Repair Shops Demand
- Expansion of Aviation Industry
Market Trend
- Automatic Electric Powered Orbital Polishers are Preferred Mostly Nowadays
Restraints
- Wired Orbital Polishers are Prone to Accidents while Operation
Opportunities
- Growth of End User Industries will lead to Rise of Orbital Polisher Industry
Challenges
- Huge Competition with the Presence of Large Number of Market Players
In 2019, Mirka Ltd., Finland based one of the market innovators in sanding and polishing tools announced launch of two new polishing products Mirka® AROP-B which is a random ordinary polisher and Mirka® ARP-B which is a rotary polisher. With this Mirka has successfully expanded its cordless range of products to match the growing trend of cordless.
Key Target Audience
Orbital Polisher Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries