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Concrete Chain Saw Market Size
- Report ID: GMI5224
- Published Date: Mar 2022
- Report Format: PDF
Concrete Chain Saw Market Size
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: |
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| Pitfalls & Challenges: |
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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.
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Concrete Chain Saw Market Scope
