Home > Industrial Machinery > Floor Saw Market
Floor Saw Market size surpassed USD 330 million in 2022 and is estimated to exhibit over 5% CAGR from 2023 to 2032. The rapidly expanding construction sector in North America will positively influence industry trends.
To understand key trends  
Download Free Sample
Despite the devastating impact of the COVID-19 pandemic, construction activities are resuming worldwide with notable developments in residential projects in developed economies. Countries such as the U.S., and Canada witnessed a dynamic economic recovery, which fostered substantial growth in construction sectors. With an increasing focus on infrastructure development, new construction, maintenance, and repair of buildings and roads in the post-pandemic era, the demand for floor saws will rise considerably.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Floor Saw Market Size in 2022: | USD 333 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5% |
2032 Value Projection: | USD 540 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 205 |
Tables, Charts & Figures: | 290 |
Segments covered: | Power, Propulsion Technology, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To understand market opportunities  
Download Free Sample
Availability of alternative products may impede deployment of floor saws. A wide variety of product substitutes are available such as wire saws, which are effectively used for concrete demolition, and cutting purposes. Due to their ability to cut anything from thick stonework to heavily reinforced concrete, wire saws are increasingly being used for the technical demolition of bridges and foundations. Similarly, handheld concrete saws are highly preferred by consumers as they are battery-operated and portable. The availability of substitutes that reduce noise, vibration, and dust production could restrain floor saw market growth.
The 15HP-30HP segment is anticipated to exceed USD 195 million by the end of 2032. Products with a power capacity ranging between 15HP – 30 HP result in less vibration as compared to high-range floor saws, which allows users to ensure precise cutting of concrete and other objects. Recent developments in concrete and asphalt cutters with a diamond saw blade are facilitating smoother cuts with the help of high-performance and precision capabilities provided by the diamond. Smoother finishing eliminates the straining of concrete structures, which otherwise occurs when other types of saws are used.
To understand key market trends  
Download Free Sample
Diesel-powered floor saw market is projected to cross USD 290 million by 2032. Diesel-powered floor saws are gaining momentum due to their ability to function anywhere anytime without the need for an electrical source. It makes them suitable for roadway construction activities. Even though these types of saws are associated with the production of little amounts of dust & fumes, their dust-containment feature ensures that the production is limited during dry sawing procedures.
Moreover, unlike gas-powered tools, diesel engines have greater torque. Diesel consumption across several countries is growing at a rapid pace owing to high dependence on fossil fuels. In March 2022, diesel sales in India increased by 10.1% year-on-year to reach 7.05 million tonnes.
To understand key market trends  
Download Free Sample
Asia Pacific floor saw market is slated to observe around 5.5% growth rate between 2023 and 2032. The region may emerge as a hotspot for floor saw manufacturers on account of the booming construction sector. Over the last decade, several developing economies across the region have invested heavily in infrastructure development. Central, as well as local government bodies, are focusing on the relaxation of real estate regulations in addition to infrastructure projects, which may favour the regional growth.
The COVID-19 pandemic had a slightly negative impact on the floor saw industry. The pandemic resulted in unprecedented challenges across a broad spectrum of business verticals with a disrupted supply chain, shortage of raw materials, and volatile cost of production. Additionally, COVID-19-related restrictions, lockdowns, and social distancing led to the shutdown of multiple manufacturing and industrial units worldwide. Commercial and residential construction projects were forced to cease activity while infrastructure development initiatives were put on hold. This scenario significantly hampered the use of floor saw during the COVID-19 pandemic.
Some of the leading companies in the global floor saw market report include
These companies are foraying into new supply deals and agreements to enhance their network.
Click here to Buy Section of this Report
Market, By Power
Market, By Technology
Market, By Region