Floor Saw Market Size By Power (Below 15HP, 15HP – 30HP, Above 30HP), By Propulsion Technology (Diesel, Petrol, Electric) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032

Industry Drivers

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.
 

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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.
 

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.
 

Technological advancements to expand the production of 15HP-30HP floor saws

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.
 

Developments in sustainable fuel to propel demand for diesel-powered floor saws

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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.
 

Rise in infrastructure spending across emerging nations to augment APAC market revenue

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.
 

Impact of COVID-19 on business trends

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.
 

New deals & agreements to define the competitive landscape

Some of the leading companies in the global floor saw market report include Altrad Belle, Chicago Pneumatic, Fairport Construction Equipment, Diamond Products, Husqvarna AB, LISSMAC Maschinenbau GmbH, Saint-Gobain S.A., SIMA SA, Tyrolit, Wacker Neuson SE. These companies are foraying into new supply deals and agreements to enhance their network.
 

This market research report on floor saw includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Power

• Below 15HP
• 15HP – 30HP
• Above 30HP

Market, By Technology

• Diesel
• Petrol
• Electric

Market, By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa