The Concrete Saw Market is Predict to reach USD 948.3 Million by 2031, at a CAGR of 4.6%

01-Jul-2024 | Report Format: Electronic (PDF)

Concrete Saw Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Concrete Saw Market size is expected to reach $948.3 million by 2031, rising at a market growth of 4.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 380.49 thousand units, experiencing a growth of 19.2% (2020-2023). The Hand Held market is experiencing a CAGR of 5% during (2024 - 2031). Handheld concrete saws offer unmatched portability and maneuverability. Due to their small size and lightweight, operators can easily move them about and maneuver them over obstacles and up and down vertical surfaces. This portability is advantageous for applications with limited mobility and access, such as indoor projects, confined spaces, and overhead cutting.

Concrete Saw Market Size - By Region

The Commercial segment is leading the Global Concrete Saw Market by Application in 2023; thereby, achieving a market value of $358.9 million by 2031. Large-scale concrete cutting and alteration are frequently needed for commercial construction projects, including office buildings, retail establishments, hotels, and industrial buildings. Concrete saws are indispensable for cutting concrete slabs, walls, floors, and other structures during construction, renovation, and remodeling. The high volume of concrete cutting required in commercial construction drives the demand for concrete saws in this segment.

The Electric Powered segment is registering a CAGR of 4.7% during (2024 - 2031). Electric-powered concrete saws are perceived as more environmentally friendly. They produce zero emissions during operation, reducing air pollution and minimizing the carbon footprint of construction activities. In the construction and allied industries, there is a growing demand for electric-powered equipment due to increased awareness of environmental issues and regulatory requirements for emissions reduction.

Full Report: https://www.kbvresearch.com/concrete-saw-market/

The Asia Pacific region dominated the Global Concrete Saw Market by Region in 2023; thereby, achieving a market value of $375.2 million by 2031. The North America region is anticipated to grow at a CAGR of 3.9% during (2024 - 2031). Additionally, The Europe market region would witness a CAGR of 4.2% during (2024 - 2031).