by The Sanding Block Market is estimated to be valued at US$ 363.1 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sanding blocks are rectangular shaped hand tools that are used for sanding surfaces during various polishing and finishing applications. They are widely used in applications such as automobile refinishing, woodworking, metal polishing, and finishing of small surfaces. Sanding blocks feature durable backing material such as rubber, wood or metal and the working surface is covered with abrasive sandpaper. They offer firm hold and control over the sandpaper allowing for precision sanding. Compared to other sanding tools, sanding blocks provide better control and are suitable for contour sanding of curved surfaces.
Market Dynamics:
The growth of the global sanding block market is driven by increasing repair and refinishing activities in the automotive industry. As per estimates, around 10% to 15% vehicles undergo repairs or refinishing every year due to accidents or wear & tear. This is expected to drive the demand for sanding blocks from automotive repair shops. Additionally, growth of the furniture industry is also fueling the sales of sanding blocks as they are used extensively during wood finishing and polishing applications. Technological advancements have led to the development of ergonomic sanding blocks with soft grips and contour designs for improved handling during extended usage. This is anticipated to boost their adoption rate across industries.
Segment Analysis
The sanding block market can be segmented into wood sanding blocks, metal sanding blocks, and plastic sanding blocks. Wood sanding blocks dominate the market with over 35% share as wood is widely used for construction activities and woodwork. Wood sanding blocks are preferred for wood materials due to their ability to keep the surface flat while removing material evenly during sanding.
PEST Analysis
- Political: The construction industry is witnessing growth policies by various governments which is positively impacting the demand for sanding blocks. Recent infrastructure development plans in emerging nations are driving their market.
- Economic: The global economic recovery has boosted construction and manufacturing activities leading to increased demand for precision machined components requiring sanding blocks for surface finishing.
- Social: Evolution of DIY culture and increase in home improvement projects have augmented the requirement of sanding blocks for woodwork, metalwork, and plastic work.
- Technological: Advancements in abrasive materials and ergonomic designs of sanding blocks have improved their functionalities for fine surface finishing applications in industrial as well as individual level.
Key Takeaways
The global sanding block market is expected to witness high growth, exhibiting CAGR of 3.5% over the forecast period, due to increasing investments in infrastructure development projects globally. The Asia Pacific region dominated the market with over 30% share in 2023 led by China, India, and other developing nations ramping up spending on construction and manufacturing sectors.
Regional analysis
The Asia Pacific region is expected to remain the fastest growing as well as the dominating regional market for sanding blocks during the forecast period. Countries like China, India, Japan, and other South East Asian countries are witnessing rapid industrialization and infrastructure growth which is driving the demand for precision machining and surface finishing equipment including sanding blocks.
Key players
Key players operating in the sanding block market are 3M, Bosch Power Tools, Festool GmbH, Klingspor AG, Mirka Ltd., Saint-Gobain Abrasives, Sankyo Rikagaku Co. Ltd., sia Abrasives Industries AG, Hermes Schleifmittel GmbH, Uneeda Enterprizes Inc., Keystone Abrasives, Indasa USA Inc., Sungold Abrasives, Abcon Industrial Products Ltd., Superior Abrasives LLC. 3M dominates the market with over 15% share owing to its well established distribution network and portfolio of innovative sanding blocks for applications across industries.
