Concrete Saw Market Analysis | 2023-2028

Market Insights

"The concrete saw market was estimated at USD 2.16 billion in 2022 and is likely to grow at a CAGR of 6.93% during 2023-2028 to reach USD 3.23 billion in 2028".

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Market Dynamics

Introduction

A concrete saw also known as road saw, cut-off saw, slab saw or consaw is defined as a powerful tool that is used to cut concrete, brick, asphalt, tiles, and masonry among others. Based on type, a concrete saw can be categorized as gas-powered concrete saw, electric concrete saw, and others.

COVID-19 Impact

The covid-19 outbreak posed significant challenges on the various verticals across geographies. It impacted the growth of the market negatively as an imposition of complete lockdown and restrictions on trade affected the product supply and demand.

Market Drivers

The growth of the concrete saw market is primarily driven by surging demand for concrete saw in the building & construction industries.

• Increasing road construction projects for infrastructural development is likely to propel market growth at a significant rate during the review period.
• In addition to this, rising demand for high-quality and cost-effective concrete saw is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment's Analysis

Application Trends

"The road construction segment accounted for the largest market share in 2022 and is projected to register significant growth during the review period".

• The concrete saw market has been bifurcated into road construction, masonry work, sewage work and other.
• Under these, the road construction segment accounted for the largest market share in 2022 and is projected to register significant growth during the review period on account of increasing commercial construction activities across geographies.

Regional Analysis

"The market in Asia-Pacific accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the assessment period".

• The regional growth can be attributed to increased spending on commercial construction for infrastructure development in developing countries particularly India and China.
• The market growth in North America region is expected to be driven by the established presence of the end-use industries and increasing demand for high-quality and cost-effective concrete saw.

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Key Players

The following are the key players in the Concrete Saw Market (arranged alphabetically).

• DeWalt Industrial Tool Company (The U.S),
• Evolution Power Tools (UK),
• Hilti Corporation (Liechtenstein),
• Hitachi, Ltd. (Japan),
• Husqvarna AB (Sweden),
• Makita Corporation (Japan),
• MK Diamond Products, Inc. (The U.S),
• QVTools (The U.S),
• Ryobi Limited (Japan),
• Saint-Gobain (France),
• SKILSAW Power Tools (The U.S).
• Stihl (Germany),
• The Milwaukee Electric Tool Corporation (The U.S), and
• Tomahawk Power & Pulp Co (The U.S).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.

What Deliverables Will You Get in this Report?

Research Methodology

• For calculating the market size, our analysts follow either a Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• We leverage the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data.
• More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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