Home > Construction > Construction Equipment > Concrete Chain Saw Market
Concrete Chain Saw Market size exceeded USD 200 million in 2021 and is anticipated to witness over 7.5% gain between 2022 and 2028. The rapidly increasing population is likely to boost the number of ongoing infrastructure projects across the globe, which is supporting the demand for concrete chain saw.
The growing importance of high-quality and productivity-enhancing power tools in the construction sector is accelerating the industry statistics. These machines are being increasingly adopted in construction and building maintenance applications to complete projects on time with high efficiency. Rising awareness about the advantages of concrete chain saws is responsible for their growing market representation. As the nature of concrete is non-fibrous, there is a limited chance of the equipment getting stuck or caught during the cut. This reduces the chance of a kickback and offers enhanced safety to the operator.
Report Attribute | Details |
---|---|
Base Year: | 2021 |
Concrete Chain Saw Market Size in 2021: | 200 Million (USD) |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 7.5% |
2028 Value Projection: | 350 Million (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 140 |
Tables, Charts & Figures: | 125 |
Segments covered: | Type |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The increasing usage of cement & concrete in all types of construction activities globally is expected to proliferate the market demand through 2027. According to the International Energy Agency (IEA) in 2020, the global cement production reached a historic value of around 4.2 billion tons in 2020. The organization predicts that cement usage is further projected to increase in India and other developing Asian & African countries as these regions develop their infrastructure.
High initial costs associated with the maintenance of concrete chain saw is one of the major factors hindering the concrete chain saw market growth. The pieces of diamond are welded onto the chain to achieve precise & fast cutting. Modern concrete chainsaw models are equipped with diamond saw blades that are coated with synthetic diamond powder, a polishing material that creates the necessary friction. Diamond chains are expensive to replace and incur high maintenance charges for users.
The COVID-19 pandemic adversely affected the market owing to slowdown in construction subsectors. Government-imposed lockdowns and restrictions on movement caused delays in the completion of construction projects, creating a huge gap in the demand for heavy & light construction equipment. The demand for new equipment declined in 2020 as contractors & real estate developers switched to rental machines as a result of financial insecurities caused by the pandemic. However, the industry is estimated to observe recovery in early 2022 led by supportive government initiatives to revive infrastructure industry and reduced stress on logistics and supply chain norms.
The hydraulic concrete chain saw market held more than 60% of the revenue share in 2021. Hydraulic concrete chain saws use a liquid fluid power to operate. They are highly reliable & safe for use as they comprise fewer moving parts compared to mechanical & electrical chain saw, making them easier to maintain.
The major market players offer chain saws with advanced technologies to meet the customer demand. For instance, Reimann and Georger Corp. offers the C 150 hydraulic concrete chain saw. Its lightweight & ergonomic design helps to reduce operator fatigue and increasing productivity. Companies, such as Husqvarna AB and C.S Unitec, also offer hydraulic-powered concrete chain saws integrated with a diamond chain. Diamond chain concrete chain saws are highly suitable for heavy-duty mining, utility, marine, and construction applications.
The North America concrete chain saw market size valued at about USD 90 million in 2021 driven by increasing construction of residential and commercial buildings in the U.S. and Canada. The growing government consumption expenditure on infrastructure development projects is fueling the product adoption. For instance, in January 2022, the U.S. government proposed a bill of USD 550 billion in new infrastructure spending.
Construction companies are focusing on speeding their construction activities without compromising on their quality, thereby augmenting the regional market revenue. The presence of several established industry participants, including Husqvarna AB, CS Unitec, Inc., ICS Diamond & Tools, MK Diamonds, and Evolution Power Tools, will further propel the market share. These players are focusing on new product launches with improved functionality.
Companies are adopting different marketing & business strategies to improve their consumer base and enhance their global presence. They are actively investing in R&D for new product and technology innovations to improve their market representation.
Key players in the concrete chain saw market include
Click here to Buy Section of this Report
Market, By Type
The above information has been provided for the following regions and countries: