Deburring Tools Market Report

Market Insights

The deburring tools market is projected to grow from USD XX million in 2020 to USD XX million by 2026 at a CAGR of around XX% during the forecast period.

Figure: Deburring Tools Market Size, 2020-2026 (USD Million)

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What are deburring tools?

Deburring tools are extensively used for removing the burrs and smooth parting lines, protuberances, and jagged edges on the surfaces of an object which are created by the casting or the machining operations. A deburring tool improves the quality and the functionality of the metals and wood pieces, which makes them cost-effective and provides a time-saving process.

Key Players

Key players operating in the deburring tools market are-

• Cogsdill Tool
• APEX
• Assfalg GmbH
• Gravostar
• Great Star
• Heule
• Hozan
• Ingersoll Rand
• KREUZ
• Parker Hannifin.

Market Dynamics

The growth of deburring tools market is primarily driven by the increasing demand from the end-users such as the furniture sector which is coupled with the individual traditional crafts industries. Thus, an increase in demand from end-users is expected to boost the market in the forecast period. Increasing demand from wood furnishing is likely to drive the growth of the deburring tools at a significant rate during the review period.

Segment's Analysis

End-User Trends

By end-user, the deburring tools market has been wood designing industry, carpenters, maintenance industry, automotive, electronics, metal industry, and others. Under these, the wood designing segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period due to the growth of migration to urban areas in developing regions and demand for traditional crafts.

Regional Trends

By region, the market in the Asia Pacific accounted for the largest market share of around 35% in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to growing usage in the wood furnishing sector.

COVID-19 Impact on Deburring Tools Market

Covid-19 outbreak impacted the growth of the deburring tools market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product availability on time. Additionally, the sluggish growth of the furnishing industry affected the product demand further.

Critical Questions Answered in the Report

• What are the key trends in the deburring tools market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on deburring tools market?
• What are the key strategies adopted by the major vendors to lead in the Deburring Tools market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the deburring tools market hopes to have the greatest opportunity to convert-

• Deburring tools distributors
• Deburring tools suppliers
• Deburring tools manufacturers
• Logistics organizations
• Government bodies

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