Home > Pressrelease > Concrete Chain Saw Market worth $350 Mn by 2028
Concrete Chain Saw Market worth $350 Mn by 2028
- Published Date: March 9, 2022
Concrete Chain Saw Market size is anticipated to reach over USD 350 million by 2028, according to a new research report by Global Market Insights Inc. The global shipments are expected to surpass 100,000 units by 2028.
The gradual shift of the construction industry toward full mechanization has been fueled with the developments in power tools such as concrete chain saws, floor saws, and other cutters. Rising cost of deploying human labor along with stringent worker safety laws has encouraged road builders to switch to technologically advanced equipment, driving the market growth.
Concrete chain saws have become a fundamental tool for building contractors engaged in road works, in the roadway maintenance, and in laying pipes under roads. The growing usage of concrete chain saws to cut through pavements, roads, slabs, and concrete floors accounts for their demand.
Analyst view: “Burgeoning investments in construction sector globally will augment the demand for concrete chain saws. The growing adoption for technically advanced concrete chain saws mainly in developing countries is estimated to boost the industry through 2028.”
Complicated and high maintenance costs is one of the major factors challenging the concrete chain saw market expansion. Additionally, high cutting noise and emission from traditional chain saws are affecting the industry statistics. The blades and chains of these equipment need to be inspected and replaced timely to retain their cutting efficiency, thereby thriving their maintenance cost.
Browse key industry insights spread across 140 pages with 101 market data tables and 23 figures & charts from the report, “Concrete Chain Saw Market Size by Type (Gas Chain Saw, Hydraulic Chain Saw, Pneumatic Chain Saw), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028’’ in detail along with the table of contents:
The manufacturing of light & heavy construction equipment & tools requires a significant amount of capital and R&D investments. In the pre-pandemic scenario, the companies operating in the concrete chain saw market were focused heavily on R&D for new product development. Due to a setback in the demand, profit cuts and other financial insecurities, the R&D operations were halted for a couple of months in the first quarter of 2020. As a result, the industry witnessed the launch of only a few new products in the last two years. However, with developing economic stability and the growing demand for chain saws, market players are increasing their R&D investments in FY 2022.
Rising pneumatic chain saws demand owing to their low noise and versatile functionality
The pneumatic chain saw segment is poised to grow at a CAGR of about 7% through 2028. The increasing implementation of regulations to reduce greenhouse gas emission levels is one of the leading trends are propelling the segment growth. Pneumatic chain saws do not produce carbon monoxide and other hazardous fumes. The use of compressed air as a fuel source to operate the engine in pneumatic chain saw helps to prevent emissions, compressing air to transmit and control energy. They are quiet in operation and do not produce as much noise as their hydraulic & gas-powered counterparts, thereby attributing to their high market demand.
Increasing construction projects in Europe
Europe concrete chain saw market captured more than 25% share in 2021 led by the increasing constructional activities in the UK, Germany, France, and Italy. For instance, in February 2022, the construction of the first phase of St Modwen Park Derby, an industrial park in Derby, began. Under the contract, the scope of work includes cut and fill operations at the project site to permit development plots.
The industry participants are introducing improved power cutting tools with long-lasting induction motors, reducing the maintenance of these equipment.
Key players in concrete chain saw market include Michigan Pneumatic, CARDI s.r.l., Andreas Stihl AG & Co. KG, CS Unitec, Inc, ICS Diamond Tools & Equipment, Reimann & Georger Corp, Diamond Products, Husqvarna AB, MaxCut, Inc., and Stanley Infrastructure. These OEMs are emphasizing on partnerships & acquisitions and new product development to increase their market revenue.