Tile Saw Market

A tile saw is a kind of power cutting tool used for cutting tiles and stones in various end-user industries such as industrial, commercial, and residential. Tile saws are available in various designs according to the end-use application activities. Tile saws have various types of cutting edges, and there are two basic models of tile saws—dry tile saw and wet tile saw. The blade of a tile saw is made up of durable alloy which provides high durability and excellent finishing. The blade of a tile saw has appropriate segmented edges which provides smooth grab free cutting at low and high speed. As per suitability, handheld tile saws and stand tile saws are the most usual types used in applications. Handheld tile saws are majorly used for residential purposes, on the other hand, stand tile saws are used for industrial purposes. Handheld tile saws are generally preferred because they are compact and mobile in nature.

COVID-19 Impact analysis

• COVID-19 pandemic has shut down the production of various products in the tile saw market attributed to the lockdown in countries worldwide. This has hampered the growth of tile saw market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of tile saw machines in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for tile saw machines was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for tile saw machines.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Tile saw machines manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Tile saw market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

The tile saw market is anticipated to grow at a comparatively high growth rate in developing regions around the globe. In Asia Pacific, countries such as China and India are estimated to grow at significant growth rate, owing to rapid growth in the commercial and industrial sectors. Furthermore, the tile saw market is estimated to grow significantly, owing to the increased demand for power tool products in the developed regions of Asia-Pacific, such as Japan. Increase in construction activities in the North American region are expected to fuel the demand for power tools, which, in turn, is expected to accelerate the growth of the tile saw market during the forecast period in this region. Developed economies of Western Europe are expected to grow at moderate growth rates, due to increase in demand for handheld tile saws. In the Middle East & Africa, the construction industry is expected to grow at a significant growth rate, which is expected to positively affect the growth of the tile saw market during the forecast period in this region. Other regions such as Latin America and Eastern Europe are anticipated to experience moderate growth in the tile saw market during the forecast period.

Market Trends

• The demand for porcelain tiles in recent past years has experienced growth due to superior properties, such as low water absorption, slip resistance, and anti-bacterial properties. These properties make porcelain tiles highly popular for kitchens, bathrooms, and hospitals. This trend of wide usage of porcelain tiles is thereby increasing the demand for the tile saw market throughout the world.
• The rise of tile trends in international hotel designs, from bold patterns to structured 3D shapes and designs is widely used in creating creative designs in hotel interiors. For instance, the new Amazonia collection CTD Architectural tiles guarantees to bring any project look lively. Thus, tile saws are used widely to reduce man power and decrease the time required.
• Mergers and acquisitions have emerged as a common business strategy for companies focusing to expand into new markets or territories, have a competitive edge, or obtain new technologies and skill sets. For instance, The Board of Directors of Kajaria Ceramics on August 2019, has approved the merger of subsidiary Kajaria Tiles with the company. Board approved merger of wholly-owned arm Kajaria Tiles with the company. This acquisition has an extensive positive impact on the tile saw market as well as its usage will increase for the convenience in various applications.

Key Benefits of the Report

• This study presents the analytical depiction of the tile saw market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the tile saw market share.
• The current market is quantitatively analysed to highlight the tile saw market industry growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed tile saw market analysis based on competitive intensity and how the competition will take shape in coming years.

 Tile Saw Market Report Highlights