Tile Saw Market: Introduction
A tile saw is a type of power cutting tool that is used for cutting tiles and stones in various end-use sectors such as industrial, commercial, and residential. Tile saws are available in different designs according to end-use applications. Tile saws have different types of cutting edges, and there are two basic models of tile saws, i.e. dry tile saw and wet tile saw. The blade of a tile saw is made up of durable alloy in order to providing high durability and quality finishing.
The blade of a tile saw has proper segmented edges that provides smooth grab free cutting at low and high speed. As per convenience, handheld tile saws and stand tile saws are the most prevailing types. Handheld tile saws are mostly used for residential purposes, whereas, stand tile saws are used for industrial purpose. Handheld tile saws are mostly preferred because they are compact and facilitate mobility.
Tile Saw Market: Market Dynamics
Tile saws are widely used in the construction industry for cutting tiles for different applications, as these saws reduce man power and time required, which is positively affecting the growth of the tile saw market. Globally, the residential construction industry has been enjoying a period of relatively strong growth, consequently fuelling the demand for power and hand tools. This factor is estimated to drive the growth of the tile Saw market over the assessment period.
Rapid urbanization and improving economic conditions in emerging markets are leading to the growth of the tile saw market. Moreover, the growing demand for consumer electronics with added functionality, higher performance, and lesser operating time is estimated to propel the demand for power tools, which, in turn, is accelerating the growth of tile saw market. Unremitting competition among power tool manufacturers increases the bargaining power of buyers, which, in turn, is expected to fuel the growth of the tile saw market over the forecast period.
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However, an increase in the number of unfair trade complaints and increase in the sales of counterfeit products are expected to adversely affect the growth of tile saw market throughout the assessment period.
Tile Saw Market: Segmentation
The tile saw market can be segmented by product type, design, end use, and sales channel:-
On the basis of product type, the tile saw market can be further segmented as:
- Wet Tile Saws
- Dry Tile Saws
On the basis of design, the tile saw market can be further segmented as:
- Handheld Tile Saws
- Stand Tile Saws
On the basis of end use, the tile saw market can be further segmented as:
On the basis of sales channel, the tile saw market can be further segmented as:
Tile Saw Market: Regional Overview
The tile saw market is anticipated to grow at a comparatively high growth rate in developing regions around the globe. In Asia Pacific, countries such as China and India are estimated to grow at significant growth rates, owing to rapid growth in the commercial and industrial sectors. Furthermore, in the developed regions of Asia Pacific, such as Japan, the tile saw market is estimated to grow significantly, owing to the increased demand for power tool products.
Increasing construction activities in the North American region are expected to fuel the demand for power tools, which, in turn, is expected to accelerate the growth of the tile saw market over the forecast period in this region. Developed economies of Western Europe are expected to grow at moderate growth rates, due to the increasing demand for handheld tile saws. In the Middle East & Africa, the construction industry is growing at a healthy growth rate, which is expected to positively affect the growth of the tile saw market over the forecast period in this region. Other regions such as Latin America and Eastern Europe are anticipated to experience moderate growth in the tile saw market over the forecast period.
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Tile Saw Market: Market Participants
Examples of some of the market participants identified across the value chain in the global tile saw market are:
- GERMANS BOADA SA
- Husqvarna AB
- Kraft Tool Company
- MK Diamonds Products Inc.
- Sawmaster Diamond Tools
- Battipav Srl
- Lee Yeong Industrial Co., Ltd.
- E.P. Co., Inc.
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