Currently valued at US$ 167.8 million as of 2022, the power nibbler market is anticipated to reach US$ 267.5 million by 2032 and is anticipated to grow at a CAGR of 4.8% over the forecast period. Increasing demand for the equipment needed to cut metal sheets, combined with low labour costs and many other factors, are anticipated to propel power nibbler sales during the forecast period.
The adoption of power nibblers is driven by the fact that these are electrically operated machines, which operate with much higher efficiency as compared to a hand nibbler, and have the ability to cut metals like aluminium, mild steel, stainless steel etc. Furthermore, the demand for power nibblers is expected to rise because they are morereliable and simple to use than hand nibblers, which require a lot of manual effort to operate.
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Even the statistics predict an increase in the power nibbler market share. Previously, the CAGR for the market was 4%, but with the anticipated increase, the CAGR for the forecast period has been increased to 4.8%.
Power nibblers are available in a variety of sizes, with cutting capabilities ranging from 8 gauge to 18 gauge. The demand for power nibbler is expected to rise as a result of the variety of options available. The amount of construction work available is increasing. This is expected to boost power nibbler sales because it is used to install metal fittings in buildings. Power nibblers are also used in the construction of roofs, façades, and siding.
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.
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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