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Stand Tile Saw Market Size
- Report ID: GMI5226
- Published Date: Mar 2022
- Report Format: PDF
Stand Tile Saw Market Size
Stand Tile Saw Market size exceeded USD 800 billion in 2021 and is poised to grow at over 3.8% CAGR from 2022 to 2028. The industry expects 2,848.6 thousand units shipment by 2028.
A tile cutting equipment is one of the most in-demand power tools due to the wide utilization of various tile sizes in the residential, industrial, and commercial industries. Furthermore, rising construction activities and vast urbanization are two important factors driving the industry forward. To enhance their position in the stand tile saw business, stand tile saw manufacturers are focused on new releases and innovation strategies. Manufacturers are currently focused on offerings innovative tile saws with sturdy designs and enhanced features.
Growing construction of healthcare facilities, commercial office spaces, retail, education, and hospitality is expected to increase the demand for ceramic tiles. The increasing demand for kitchen & bathroom remodeling coupled with the availability of premium tiles for renovation will open new avenues for residential end-users. The global stand tile saw market is anticipated to generate huge revenue gains mainly from developing regions owing to augmenting investments in infrastructural developments in recent times.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Stand Tile Saw Market Size in 2021: | USD 806.7 Million |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 3.8% |
| 2028 Value Projection: | USD 1,041.7 Million |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 305 |
| Segments covered: | End-user, Power, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Growing urbanization coupled with increasing consumer spending in developed & developing economies to open new avenues for residential construction. However, environmental issues related to the use of ceramic tiles can act as a major factor restraining the overall market.
The industry was severely impacted by the COVID-19 pandemic due to short-term uncertainties in demand and supply. Low production, raw material supply chain disruptions, and the unavailability of labor have resulted in a deep fall in revenue & volume in 2020. Additionally, delays in planned construction projects by supply chain disruptions severely hit the construction industry. The overall stand tile saw market exhibited a decline of around 6% in 2020.
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Stand Tile Saw Market Scope
