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

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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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

Floor Saw Market Size

In 2023, the market for floor saws was worth a hefty $379.6 million. And, hold on tight, because it's predicted to grow by around 4.5% annually, from 2024 to 2032. Why the buzz about floor saws? Well, they're in high demand for cutting through tough surfaces like asphalt and concrete, which is essential for projects like building roads, airports, and expanding cities. With more and more construction happening around the world, especially in developing countries, these floor saws are becoming increasingly important. As people flock to cities and demand grows for homes and businesses, construction activity goes up, and so does the need for equipment like floor saws to cut those materials down to size.

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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 Market Report Attributes
Report Attribute Details
Base Year 2023
Floor Saw Market Size in 2023 USD 379.6 Million
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 4.5%
2024 – 2032 Value Projection USD 560.5 Million
Historical Data for 2021 – 2023
No. of Pages 290
Tables, Charts & Figures 171
Segments covered Power, Cutting depth, Power source, Price, Application, Distribution Channel, Region
Growth Drivers
  • Rising construction industry
  • Aging infrastructure
Pitfalls & Challenges
  • High initial investment
  • Competition from alternative technologies

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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

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If you're looking for a powerful workhorse, check out floor saws with 15 to 30 horsepower (HP). This segment of the market was worth a whopping $205.2 million in 2023 and is expected to grow to a staggering $309.4 million by 2032. These floor saws are perfect for heavy-duty jobs. They use diamond cutting blades to slice through concrete and asphalt pavements like butter. Their blades can be up to 36 inches wide, which means they can make deep, precise cuts with ease. Because they're so versatile, these 15-30 HP floor saws are used in a wide range of applications, such asBuilding roads and highways Repairing concrete and asphalt Cutting expansion joints Digging utility trenches So, if you're looking for a powerful and versatile floor saw, don't settle for less than 15 to 30 HP.

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.

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In the construction industry, a lot of money is being made. In 2023, it brought in about 179.4 million US dollars. And it's projected to jump to 269.6 million US dollars by 2032. In February 2024, the US government gave the go-ahead for construction on 1,518,000 new homes. That's a lot of new places for people to live! And it's not just in the US. In Germany, over 19,300 new homes were approved for construction in September 2023. And in the UK, 237,000 new homes were built in the year leading up to September 2023. It's clear that people all over the world are building new homes. This is great news for the economy because it creates jobs and helps people find places to live.

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.

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Floor Saws in Asia PacificA Booming Market Asia Pacific's floor saw market is booming, with sales surpassing $126 million in 2023. By 2032, it's expected to reach a whopping $195.1 million. Why the surge in demand? It's all about the rapid urbanization and infrastructure development across the region. Countries like India, China, and Indonesia are experiencing a construction boom, thanks to growing populations, economic expansion, and government investment in infrastructure upgrades. This surge in building activity is fueling the need for floor saws, which are essential tools for cutting concrete, asphalt, and other materials. They're used in road construction, building projects, and infrastructure repairs. From residential homes to commercial buildings and industrial facilities, floor saws are in high demand across the spectrum of construction projects. As the Asia Pacific region continues to grow and develop, the market for floor saws is expected to continue its upward trajectory.

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

  • Amada Machinery America Inc.
  • Atlas Copco
  • Bycon Industry Co., Ltd.
  • Chicago Pneumatic
  • Hilti
  • Husqvarna Construction
  • IMER Group
  • LISSMAC Maschinenbau GmbH
  • Makita Corporation
  • Saint-Gobain
  • SIMA SA
  • STIHL Incorporated
  • TRAXX Construction Products Pty. Ltd.
  • Tyrolit Group
  • Wacker Neuson SE     
    Floor Saw Industry News
  • In January 2024, STIHL launches battery-powered TSA 300 cutquik saw, designed to be used by professionals in construction and landscaping, the TSA 300 Cutquik can cut through a 4-in. concrete slab. The cutting performance of the cut-off machine is comparable to gasoline-powered cut-off machines, with the well-balanced powerhead. This saw features low vibrations, as well as produces clean cuts.
  • In August 2022, Husqvarna Construction, part of Husqvarna Group signed a strategic agreement with AABTools, a leading supplier of industrial tools and equipment in the Middle East region. AABTools will act as an authorized distributor of some of the extensive range of Husqvarna Construction’s organic products, including heavy-duty and high-frequency concrete coring machines, wall saw designed for brick and reinforced concrete, remote-controlled demolition robots, twenty-plus models of handheld power cutters, dust extractors, and floor saws.  

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

  • Below 15 HP
  • 15-30 HP
  • Above 30 HP   

Market, By Cutting Depth

  • Up 5 inch
  • 5-7.5 inch
  • Above 7.5 inch   

Market, By Power Source

  • Petrol
  • Diesel
  • Electric
    • Corded
    • Cordless  

Market, By Price

  • Low
  • Medium
  • High

Market, By Application

  • Construction
  • Roadworks
  • Landscaping and Hardscaping
  • Demolition
  • Others (Utilities etc.)

Market, By Distribution Channel

  • Direct Sales
  • Indirect Sales

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

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