Stand Tile Saw Market - By Power (Below 2HP, 2 - 5 HP), By End-user (Residential, Commercial) & Forecast, 2022-2028

Stand Tile Saw Market - By Power (Below 2HP, 2 - 5 HP), By End-user (Residential, Commercial) & Forecast, 2022-2028

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.

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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.
 

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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.

Stand Tile Saw Market Analysis

2HP - 5 HP power segment is slated to generate a revenue of above USD 680 million by 2028. Accuracy, efficiency, and technological developments in the 2hp - 5hp stand tile saw power range are boosting the market revenue. Stand tile saws with 2hp to 5 hp motors are capable of handling challenging materials. Additionally, the advanced spray systems and water filtration will add to the market growth.

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Residential stand tile saw market is predicted to hold around 65% of the revenue share by 2028. The increasing residential construction in developed & developing economies will open new opportunities for tile saw manufacturers.

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Europe stand tile saw market demand is set to account for nearly 550 thousand units by 2028. The increasing residential & commercial construction activities, followed by government-planned mega projects in European will provide new opportunities. According to the Economic Committee of the European Steel Association, the construction output in Europe rebounded by over 18% in the second quarter of 2021. In 2022, it is projected that the overall European construction output will cross 4.5%.

The European Commission unveiled a significant infrastructure investment strategy that aims to raise about USD 300 billion in development investments by 2027. The Global Gateway Approach aims to improve the physical infrastructure of the digital, climate & energy, transportation, health, education, and research sectors around the world. It will also make use of the EU's new financial tools in the 2021 - 2027 multi-annual financial framework. Europe can use these measures to attract public & private investments in the key regions. Infrastructure developments coupled with increasing residential & commercial construction spending in Germany, France, the UK, Spain, and Italy are estimated to propel market expansion.

The Middle East & Africa is forecast to reach USD 95 million by 2028, witnessing over 2% gains. Growing investments in construction activities in the region will fuel the regional industry statistics.

Stand Tile Saw Market Share

The major players participating in the stand tile saw market include

• Robert Bosch GmbH
• Stanley Black & Decker, Inc.
• MAKITA CORPORATION
• General International Power Products LLC
• Altendorf GmbH
• Nanxing Machinery Co., Ltd.
• Hitachi Ltd
• Powermatic
• GERMANS BOADA SA
• DEWALT
• Equipment Development Co., Inc. (EDCO)
• Sawmaster Diamond Tools, Inc.
• Husqvarna AB
• Eibenstock
• TECHTRONIC INDUSTRIES COMPANY LIMITED (TTI)

This market research report on stand tile saw includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD thousand from 2018 to 2028 for the following segments

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Market, By Power

• Below 2HP
• 2 - 5 HP

Market, By End-user

• Commercial
• Residential

The above information is provided on a regional and country basis for the following

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Singapore
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Qatar