WILMINGTON, Del., May 16, 2024
/PRNewswire/ -- Allied Market Research published a report, titled,
"Concrete Saw Market by Power Source (Electric Powered,
Gasoline Powered, and Hydraulic Powered), Type (Hand Held and
Walk-Behind), and Application (Commercial, Residential, and
Industrial): Global Opportunity Analysis and Industry Forecast,
2024-2032". According to the report, the concrete saw market was
valued at $0.74 billion in 2023 and
is estimated to reach $1.1 billion by
2032, growing at a CAGR of 4.8% from 2024 to 2032.
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Prime determinants of growth
The evolution of the construction sector significantly impacts
the concrete saw market. Growth in investments in residential,
commercial, and infrastructure ventures leads to heightened demand
for concrete-cutting equipment. This surge is particularly
noticeable in emerging economies where construction activities are
on the rise. Technological progressions and adherence to
regulations also contribute to market expansion, prompting
manufacturers to innovate to meet evolving industry requirements.
The positive trajectory of the construction industry fosters a
dynamic market landscape for concrete saw suppliers, driving
advancements in product offerings, market competitiveness, and
avenues for growth.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2023
|
Market Size in
2022
|
$0.74
billion
|
Market Size in
2032
|
$1.1 billion
|
CAGR
|
4.8 %
|
No. of Pages in
Report
|
250
|
Segments
covered
|
Power Source, Type,
Application, and Region
|
Drivers
|
Growth in construction
and infrastructure development
Rapid
urbanization
Private investments in
infrastructure project
|
Opportunities
|
The development of
high-performance battery-powered concrete saws
|
Restraints
|
High initial
investment
|
The gasoline powered concrete saws segment to
maintain its leadership status throughout the forecast
period.
By power source, the gasoline powered concrete saws segment held
the highest market share in 2023, accounting for nearly two-fifths
of the global concrete saw market revenue and is estimated to
maintain its leadership status throughout the forecast
period as concrete saws command the highest revenue due to its
versatility, portability, and robust performance in various
construction applications. Offering freedom from electrical outlets
and greater mobility on job sites, these saws are favored for their
reliability and ability to handle heavy-duty cutting tasks
efficiently. In addition, their widespread availability and ease of
maintenance contribute to their popularity among contractors and
construction professionals seeking reliable cutting solutions.
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Tables, Figures):
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The walk-behind segment to maintain its
leadership status throughout the forecast period.
By type, the walk-behind saw held the highest market share in
2023, accounting for more than half of the global concrete saw
market revenue and is estimated to maintain its leadership status
throughout the forecast period. The walk-behind saw is projected to
witness a CAGR of 4.44% from 2024 to 2032. It offers versatility
and efficiency in construction projects. Offering precision cutting
for both small and large-scale jobs, these saws are favored for
their maneuverability and ease of operation. Contractors and
construction professionals rely on walk-behind saws for their
ability to handle a wide range of materials and cutting depths,
making them indispensable tools in the industry.
The commercial segment to maintain its leadership
status throughout the forecast period.
By application, the commercial segment held the highest market
share in 2023, accounting for nearly two-fifths of the global
concrete saw market revenue and is estimated to maintain its
leadership status throughout the forecast period, due to its
extensive use in various construction projects and infrastructure
developments. Commercial applications such as road construction,
building renovations, and landscaping projects require efficient
and precise concrete cutting solutions. Walk-behind saws are
preferred for their versatility and reliability in commercial
settings, where they are indispensable for creating expansion
joints, removing damaged sections, and installing utilities. Their
ability to handle heavy-duty cutting tasks makes them essential
tools for contractors and construction professionals in commercial
projects.
Asia-Pacific to maintain its
dominance by 2032.
By region, Asia-Pacific held
the highest market share in terms of revenue in 2023, accounting
for nearly one-third of the concrete saw market revenue due to
robust construction activities, infrastructure investments, and
urbanization trends, driving significant demand for concrete
cutting solutions across diverse industries and applications.
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Leading Market Players: -
- Husqvarna Group
- ANDREAS STIHL AG & Co.
KG,(STIHL Group)
- Makita Corporation
- Hilti Corporation
- Wacker Neuson SE
- Norton Clipper (Saint-Gobain
Abrasives)
- Bosch Power Tools
- Milwaukee Tool(Techtronic Industries Co. Ltd.)
- Dewalt(Stanley Black &
Decker)
- TYROLIT Group
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