Floor Saw Market Analysis

Floor Saw Market Analysis

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Based on power, the 15-30 HP type segment was worth over USD 205.2 million in 2023 and expected to reach around USD 309.4 million by 2032. A floor saw with power range 15-30 HP is ideal for heavy-duty, use for wet cutting of concrete and asphalt pavement utilizing diamond cutting blades. Floor saws in this category frequently come with larger blade diameters, ranging from 18 inches to 36 inches or more. The wider blade diameter enables deeper cuts and higher productivity, making them excellent for heavy-duty cutting tasks. Floor saws with engines ranging from 15 to 30 horsepower are flexible tools that can be used for a variety of objectives, including roadway and highway construction, concrete and asphalt repair, expansion joint cutting, and utility trenching.  
 

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.
 

Based on application, the construction segment accounted for revenue of around USD 179.4 million in 2023 and expected to reach USD 269.6 million by 2032. According to the U.S. Department of Housing and Urban Development, privately?owned housing units authorized by building permits in February 2024 were at a seasonally adjusted annual rate of 1,518,000. While privately?owned housing starts in February were at a seasonally adjusted annual rate of 1,521,000. As per the data from Federal Statistical Office, German building authorities approved 19,300 new homes in September 2023. While as per the EPC data, 237,000 new homes were built in the year to September 2023.
 

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.
 

Asia Pacific floor saw market size exceeded USD 126 million in 2023 and is projected to hit around USD 195.1 million by 2032. The rapid growth of urbanization and infrastructure development in Asia Pacific countries has driven up the need for floor saws. This equipment is necessary for cutting concrete, asphalt, and other materials in road construction, building projects, and infrastructure repairs. Many Asia Pacific nations are experiencing building expansions, driven by population expansion, economic development, and government spending in infrastructure improvements. This increase in building activity has boosted demand for floor saws in a variety of applications, including residential, commercial, and industrial construction.
 

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.