The United States expected to expand at a CAGR of 2.0% through 2034. Continued growth in residential and commercial construction activities increases the demand for concrete saws for cutting applications in building construction, renovation, and remodeling.
NEWARK, Del, Dec. 21, 2023 (GLOBE NEWSWIRE) — The global concrete saw market is anticipated to reach a valuation of US$ 527.6 million in 2024, driven by e-commerce and online sales channels. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 2.4% between 2024 and 2034, and reaching a total valuation of approximately US$ 695.4 million by 2034.
A key factor contributing to the growth of the market is robotics and automation. The adoption of robotics and automation in concrete cutting processes may increase, especially in large scale construction projects. The trend is anticipated to lead to higher precision and efficiency in cutting operations.
The market for electric powered concrete saws is expected to see growth, with a focus on sustainability. Advancements in battery technology and the shift toward cleaner energy sources are anticipated to drive the adoption of electric models.
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Collaborations between concrete saw manufacturers and other industries, such as technology or materials, can lead to innovative solutions and the development of cutting edge concrete cutting equipment. Integration of remote monitoring and telematics systems in concrete saws can enable real time tracking of equipment performance, preventive maintenance, and improved operational efficiency.
The emergence of 3D concrete printing in construction projects is anticipated to positively impact the concrete saw market as specialized cutting solutions might be required for modifying or refining printed structures. An increase in residential construction projects, particularly in urban areas, can also accelerate the demand for smaller and more versatile concrete saws suitable for home improvement and renovation tasks.
The adoption of alternative fuels, such as propane or compressed natural gas, in concrete saws may gain traction as companies seek more environmentally friendly options. Utilizing blockchain technology in the supply chain can enhance transparency, traceability, and authentication of components and materials used in the manufacturing of concrete saws.
Key Takeaways from the Market Study:
- Global concrete saw market was valued at US$ 514.4 million by 2023 end.
- From 2019 to 2023, the market demand expanded at a CAGR of 2.8%.
- The market in India is expected to expand at a CAGR of 3.1% through 2034.
- By product type, the hydraulic chain saw segment to account for a share of 65.0% in 2024.
- From 2024 to 2034, concrete saw market is expected to flourish at a CAGR of 2.4%.
- By 2034, the market value of concrete saw is expected to reach US$ 695.4 million.
“The incorporation of augmented reality in training programs for concrete saw operators can provide immersive and effective learning experiences, improving safety and operational skills, –Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
Scope of Report:
| Attribute | Details | |
| Estimated Market Size in 2024 | US$ 527.6 million | |
| Projected Market Valuation in 2034 | US$ 695.4 million | |
| Value-based CAGR 2024 to 2034 | 2.4 % | |
| Forecast Period | 2024 to 2034 | |
| Historical Data Available for | 2019 to 2023 | |
| Market Analysis | Value in US$ million | |
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Company Portfolio
- Makita is a prominent player offering a diverse range of power tools, including concrete saws. The emphasis of the company on research and development contributes to the continuous improvement of its product line.
- Known for its innovative solutions in the construction industry, Hilti provides advanced concrete saws designed for professional use. The company places a strong emphasis on user safety and efficiency.
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Segmentation Analysis of the Concrete Saw Market
Product Type:
- Gas Chain Saw
- Hydraulic Chain Saw
- Pneumatic Chain Saw
End Use:
- Road Construction
- Debris Removal
- Other End Use
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
Authored by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Originally published at https://www.einpresswire.com/article/676655588/global-concrete-saw-market-to-total-us-695-4-million-by-2034-hydraulic-chain-saw-to-account-for-over-3-5th-of-all-usage-future-market-insights
