Floor Saw Market Size - By Power (Below 15 HP, 15-30 HP, and Above 30 HP), By Cutting depth (Up 5-inch, 5-7.5 inch, and Above 7.5 inch), Power source, Price, Application, Distribution Channel & Regional Outlook & Forecast, 2024 – 2032
Report ID: GMI5230
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Published Date: May 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 171
Countries covered: 22
Pages: 290
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Floor Saw Market
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Floor Saw Market Size
Floor Saw Market was valued at around USD 379.6 million in 2023 and is anticipated to register a CAGR of 4.5% between 2024 to 2032. Continuous expenditures in infrastructure projects, such as road construction, development of airports, and urban expansion, have increased demand for floor saw machines. This equipment is required for sawing asphalt, concrete, and other hard surfaces in a wide range of applications related to construction. The growth of the global construction industry, particularly in emerging markets, has contributed to the increased usage of floor saw machines. Rapid urbanization, population growth, and the need for housing and commercial space have boosted construction activity, increasing demand for cutting equipment.
Furthermore, with deteriorating infrastructure throughout several regions, governments are prioritizing roadway repairs and maintenance initiatives to provide secure and effective modes of transportation. Floor saw machines are essential tools for sawing and rebuilding concrete, highways, and other roadway surfaces, driving demand in the roadworks sector. Manufacturers are constantly creating and launching sophisticated floor saw machines with new characteristics such as improved cutting precision, reduced energy usage, and security for the operator. Technological advancements have accelerated market growth by attracting buyers looking for dependable and effective cutting technologies.
Floor saw machinery may be costly, particularly for small contractors and firms. The high initial cost of acquiring or renting floor saw machinery can be a barrier to entrance for certain businesses, especially those with restricted budgets or limited access to money. Additionally, diamond wire saws, wall saws, and laser cutting systems are among the alternative cutting technologies competing with floor saw machines. These technologies may provide benefits in certain applications or materials, providing a competitive threat to standard floor saw equipment.
Floor Saw Market Trends
There is a growing focus on improving safety measures in floor saw machines to reduce the danger of accidents and injuries. Manufacturers are adding features like blade guards, automated blade brakes, and ergonomic designs to increase security for operators. With increased awareness of environmental problems, there is a shift toward more ecologically friendly floor saw equipment. This involves developing electric-powered editions and incorporating dust suppression technologies to reduce airborne dust and environmental effect. Advanced cutting machines incorporate features such as intelligent feed control and user-friendly interfaces, allowing for faster setup, reduced downtime, and higher throughput.
Floor Saw Market Analysis
Based on power, the 15-30 HP type segment was worth over USD 205.2 million in 2023 and expected to reach around USD 309.4 million by 2032. A floor saw with power range 15-30 HP is ideal for heavy-duty, use for wet cutting of concrete and asphalt pavement utilizing diamond cutting blades. Floor saws in this category frequently come with larger blade diameters, ranging from 18 inches to 36 inches or more. The wider blade diameter enables deeper cuts and higher productivity, making them excellent for heavy-duty cutting tasks. Floor saws with engines ranging from 15 to 30 horsepower are flexible tools that can be used for a variety of objectives, including roadway and highway construction, concrete and asphalt repair, expansion joint cutting, and utility trenching.
On the other hand, floor saws with power range above 30 HP are ideal for heavy duty applications. Most floor saws in this category are capable of both wet and dry cutting operations. Wet cutting reduces dust and keeps the blade cool during operation, although dry cutting provides convenience and versatility in various applications. Floor saws with power outputs more than 30 HP may have modern features such as electronic monitoring systems, automated blade tensioning, and hydraulic blade positioning to improve performance, precision, and operator safety.
Based on application, the construction segment accounted for revenue of around USD 179.4 million in 2023 and expected to reach USD 269.6 million by 2032. According to the U.S. Department of Housing and Urban Development, privately?owned housing units authorized by building permits in February 2024 were at a seasonally adjusted annual rate of 1,518,000. While privately?owned housing starts in February were at a seasonally adjusted annual rate of 1,521,000. As per the data from Federal Statistical Office, German building authorities approved 19,300 new homes in September 2023. While as per the EPC data, 237,000 new homes were built in the year to September 2023.
The construction industry is one of the pillar industries of China's national economy, with a total output value exceeding USD 4.34 trillion (31 trillion yuan) in 2022. Chinese construction industry has seized the opportunities brought by the new round of technological revolution and industrial transformation, striving to improve efficiency and reduce energy consumption. Floor saws are typically used to provide expansion joints, remove damaged pavement sections, clean and repair random cracks and remove concrete sections for demolition purposes.
Asia Pacific floor saw market size exceeded USD 126 million in 2023 and is projected to hit around USD 195.1 million by 2032. The rapid growth of urbanization and infrastructure development in Asia Pacific countries has driven up the need for floor saws. This equipment is necessary for cutting concrete, asphalt, and other materials in road construction, building projects, and infrastructure repairs. Many Asia Pacific nations are experiencing building expansions, driven by population expansion, economic development, and government spending in infrastructure improvements. This increase in building activity has boosted demand for floor saws in a variety of applications, including residential, commercial, and industrial construction.
In terms of country China accounted for revenue of around USD 56.4 million in the year 2023 and anticipated to surpass USD 87 million by 2032. The rapid expansion of the construction sector is a major driver of growth in China's floor saw market. As China's economy grows, there is the need for new buildings, infrastructure, and repair projects. This has resulted in an increased demand for floor saws, which are crucial instruments for cutting and shaping concrete, asphalt, and other building materials.
On the other hand, India is emerging as a fastest growing country for the floor saw in terms of CAGR of 5.4% between 2024 to 2032. The Indian floor saw market is seeing tremendous development, driven by factors such as increased urbanization, industrialization, and the increasing need for high-quality flooring equipment. Additionally, technological advancements are creating lucrative opportunities for the manufacturers to develop advance floor saw equipment.
Country Level Analysis
In terms of the country US dominating with the overall market share of around 81% in the North America floor saw industry, driven by increasing demand for floor saws in a variety of industries, increased building activity, a rising desire for innovative and efficient cutting instruments, and technological advances in the floor saw industry.
On the other hand, Canada floor saw market expressing notable growth rate of around 4.4% in 2023. The market is driven by the increasing highway maintenance service and roadway construction are the primary factor boosting the floor saw demand in the Canada market.
The European market for floor saw was valued at around USD 91.6 million in 2023 and is anticipated to register a CAGR of 4% between 2024 to 2032. The rising construction sector is a major driver of development in the European floor saw market. Europe has seen an immense increase in construction activity, specifically in the residential and commercial sectors.
In terms of country, Germany is expressing significant growth in terms of market value of around USD 17.4 Million during the 2023. The growing need for this equipment in the construction industry is one of the key factors of market expansion in Germany. Another factor driving the growth of the German floor saw industry is technological improvements, which have resulted in the emergence of more reliable and adaptable equipment. German manufacturers have made significant investments in research and development to make floor saws that are not only more powerful and robust, but also more comfortable and easier to use.
On the other hand, the France is experiencing notable growth in the floor saw and is anticipated to grow at 4.2% CAGR during the forecast period. The France market for floor saw has been steadily growing due to a variety of drives, including the rise of the construction sector, technological improvements, the increased infrastructure, and roadwork projects in the country.
The Asia Pacific Floor Saw market was valued at around USD 126 Million in 2023 and is anticipated to register a CAGR of 5% between 2024 to 2032. Rapid urbanization and infrastructural development in countries including China, India, and Southeast Asia driving up demand for floor saws in the region.
In terms of country China accounted for revenue of around USD 56.4 Million in the year 2023 and expected to reach around USD 87 Million by 2032. The rapid expansion of the construction sector is a major driver of growth in China's floor saw market. As China's economy grows, there is the need for new buildings, infrastructure, and repair projects. This has resulted in an increased demand for floor saws, which are crucial instruments for cutting and shaping concrete, asphalt, and other building materials.
On the other hand, India is emerging as a fastest growing country for the floor saw in terms of CAGR of 5.4% between 2024 to 2032. The Indian floor saw market is seeing tremendous development, driven by factors such as increased urbanization, industrialization, and the increasing need for high-quality flooring equipment. Additionally, technological advancements are creating lucrative opportunities for the manufacturers to develop advance floor saw equipment.
Floor Saw Market Share
Key players involve in the floor saw industry are Atlas Copco, STIHL Incorporated, Hilti, Husqvarna Construction, and LISSMAC Maschinenbau GmbH accounting market share of 15-20% in 2023. Manufacturers are focusing on developing innovative products that meet the changing demands of professionals. This could include products that have features with high cutting depth and safety for operator. Manufacturers are also likely to focus on developing products that are sustainable and environmentally friendly such as electric floor saw.
Floor Saw Market Companies
Major companies operating in the floor saw industry include:
Floor Saw Industry News
This floor saw market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Million) (Thousand Units) from 2021 to 2032, for the following segments:
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Market, By Power
Market, By Cutting Depth
Market, By Power Source
Market, By Price
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: