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Concrete Saw Market to Reach $1.1 Billion, Globally, by 2032 at 4.8% CAGR: Allied Market Research
[May 16, 2024]

Concrete Saw Market to Reach $1.1 Billion, Globally, by 2032 at 4.8% CAGR: Allied Market Research


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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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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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." Allied Market Research has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research


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