Concrete Saw Market Research, 2032
The Global Concrete Saw market was valued at $0.74 billion in 2023, and is projected to reach $1.1 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.
A concrete saw is a powered device used for cutting concrete, stone, and masonry. It ensures safety during its operation and necessitates the use of protective gear such as gloves, goggles, and a dust mask. Before utilizing a concrete saw, it's crucial to thoroughly peruse the safety manual. This tool's application spans various construction and renovation tasks, from creating precise cuts for expansion joints to forming openings in structures for doors and windows. Adhering to safety protocols not only safeguards the operator but also enhances efficiency and precision in concrete cutting operations.
Key Takeaways of Concrete Saw Market Report
- On the basis of power source, the gasoline powered segment dominated the concrete saw market size in terms of revenue in 2023. However, the electric powered segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of type, the walk-behind segment dominated the Concrete Saw market share in terms of revenue in 2023 owing to its efficiency in various construction applications. Contractors and construction professionals favor walk-behind saws for their ability to handle a wide range of cutting tasks with ease and reliability, making them indispensable tools in the industry.
- On the basis of Application, the commercial segment dominated the Concrete Saw market analysis in terms of revenue in 2023 owing to extensive demand from commercial construction projects. These projects require efficient and precise concrete cutting solutions.
- Region wise, Asia-Pacific dominated the concrete saw market overview in terms of revenue in 2023. Specially China dominates the concrete saw market size by country in Asia-pacific due to its robust construction industry, rapid urbanization, and extensive infrastructure development initiatives. The country's large-scale construction projects, such as roads, bridges, buildings, and industrial facilities, require significant concrete cutting, driving substantial demand for concrete saws.
Segment Overview
The concrete saw market is segmented into Power Source, Type, Application and Region.
On the basis of power source, the Concrete Saw industry is divided electric powered, gasoline powered and hydraulic powered. In 2023, the gasoline powered segment dominated the market in terms of revenue. Moreover, the electric powered segment is projected to manifest highest CAGR during the forecast period due to growing environmental awareness and regulatory pressures are encouraging the uptake of environmentally friendly machinery. Electric saws, with their lower emissions, quieter operation, and cost-effectiveness, are gaining preference over their gasoline-powered counterparts.
On the basis of type, the concrete saw market is classified into hand held and walk-behind. In 2023, the walk-behind segment dominated the market in terms of revenue. However Hand-held saw expected to grow at higher CAGR during the forecast period due to increasing demand for portable and versatile cutting solutions in construction and renovation projects. Hand-held saws offer flexibility, ease of use, and precise cutting capabilities, driving their popularity and market expansion.
On the basis of application, the concrete saw market is classified into commercial, residential and industrial. In 2023, the commercial application of concrete saw dominated the market in terms of revenue. However, application in residential segment is expected to grow at higher CAGR during the forecast period due to rising residential construction activities, renovation projects, and infrastructure development in urban and suburban areas. Increased demand for precise cutting solutions for driveways, sidewalks, foundations, and landscaping drives the expansion of concrete saw usage in the residential sector.
On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Chile, and Rest of Latin America), and Middle East and Africa (UAE, Saudi Arabia, Nigeria, South-Africa and Rest of Middle East and Africa). Asia-Pacific, specifically China, remains a significant participant in the Concrete Saw market outlook with a CAGR of 7.37% due to robust construction activities, infrastructure development projects, and stringent safety regulations. The region's adoption of advanced cutting technologies and emphasis on efficiency further solidify its prominent role in the global market landscape.
Competitive Analysis
The major companies which hold concrete saw market share include 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) and TYROLIT Group. are provided in this report. Product launch, collaboration and acquisition business strategies were adopted by the major market players in 2023. For instance, in April 2022, The Construction Division of Husqvarna Group, a prominent provider of equipment and diamond tools for the construction and stone sectors, revealed its agreement to acquire Heger. Heger is a privately held company renowned for its expertise in supplying professional-grade diamond tools to European contractors engaged in wall, floor, and road sawing, as well as core drilling.
Market Dynamics
Growth in construction activities, including infrastructure development, residential, and commercial construction
The expansion of construction endeavors, spanning infrastructure development, residential, and commercial projects, significantly propels the concrete saw market growth. As urbanization escalates and global infrastructure needs surge, there's an amplified requirement for accurate and efficient cutting of concrete, stone, and masonry materials. concrete saws are essential in a multitude of construction activities, including road building, structural renovations, bridge construction, and landscape design. As construction ventures proliferate, so does the necessity for concrete saws, indispensable for achieving precise cuts and sculpting concrete structures. In addition, the ongoing evolution of construction methodologies and materials demands advanced cutting solutions, driving the demand for innovative concrete saws equipped with enhanced features and technologies to meet the dynamic requirements of the construction sector.
High initial cost
The concrete saw market encounters a challenge due to the high initial investment needed to obtain these tools. This cost deters many potential buyers, particularly smaller construction firms and individual contractors, from acquiring advanced models with modern features. Besides the equipment's price, additional expenses such as accessories, maintenance tools, and safety gear contribute to this financial burden. Furthermore, ongoing training and certification requirements add to the costs, especially for budget-constrained businesses. Consequently, some potential buyers may seek alternative solutions or delay equipment upgrades, impacting overall market demand. To overcome this obstacle, manufacturers and suppliers may need to explore alternatives such as offering financing options, leasing agreements, or introducing more affordable entry-level models to enhance market accessibility.
Rapid urbanization and population growth in developing regions
The rapid urbanization and population growth in developing regions present substantial future prospects for the concrete saw market. As urbanization accelerates, construction activities surge to meet housing, infrastructure, and commercial demands, heightening the need for concrete saws. These tools are essential for various construction tasks, including road construction, building renovations, and infrastructure expansion. With urban landscapes expanding, the demand for precise cutting of concrete and masonry materials grows, driving the necessity for advanced concrete saw technologies. Furthermore, as developing regions push for modernization and infrastructure enhancements, there's an increasing demand for efficient and dependable tools such as concrete saws to support construction endeavors. Hence, the rapid urbanization and population growth in these areas create significant opportunities for the concrete saw market to prosper and broaden its reach.
Recent Developments in Concrete Saw Industry
- In January 2022, Makita the launched new XGT releases span across trades and applications including outdoor power equipment, concrete, fastening, and lighting. These releases were part of Makita XGT, an expanding system of 40V and 80V max cordless equipment and tools. XGT gives users one system, from core handheld tools like drills and impact drivers to equipment-grade products including high-capacity saws, rotary hammers, and power cutters.
- In June 2021, Husqvarna launched K1 PACE cutter. Husqvarna offers customers a high-power battery cutter that can handle heavy-duty jobs. This was the first product tha launched on the company's new battery system, PACE. K1 PACE delivers high power and performance equivalent to petrol-powered cutters with the benefits battery-powered equipment brings to both operators and the environment.
Key Benefits For Stakeholders
- This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current global Concrete Saw market forecast is quantitatively analyzed from 2023 to 2032 to benchmark financial competency.
- Porter‐™s five forces analysis illustrates the potency of the buyers and suppliers in concrete saw.
- The report includes the market share of key vendors and Concrete Saw market trends.
Concrete Saw Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 1.1 billion |
 Growth Rate | CAGR of 4.8% |
 Forecast period | 2023 - 2032 |
 Report Pages | 250 |
 By Power Source |
|
 By Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Norton Clipper (Saint-Gobain Abrasives), TYROLIT Group, Andreas Stihl AG and Co KG, Wacker Neuson SE, Husqvarna AB, Bosch Power Tools, Dewalt (Stanley Black and Decker Inc.), Milwaukee Tool(Techtronic Industries Co. Ltd.), Hilti Corp, Makita Corporation |
The shift towards electric and battery-powered concrete saws and integration of automation and robotics into concrete saws and growing demand for specialized and customized concrete saw solutions are the upcoming trends of concrete saw market in the world.
The leading application of concrete saw is in construction projects for cutting concrete, asphalt, masonry, and other rigid materials.
Asia-Pacific is the largest regional market for Concrete Saw.
The Concrete Saw market valued at $0.74 billion in 2023.
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) and TYROLIT Group are the top companies to hold the market share in Concrete Saw.
Loading Table Of Content...
Loading Research Methodology...
