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Stand Tile Saw Market Size

Report ID: GMI5226
Published Date: Mar 2022
Report Format: PDF

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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.

Stand Tile Saw Market Report Attributes
Report Attribute	Details
Base Year:	2021
Stand Tile Saw Market Size in 2021:	USD 806.7 Million
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	3.8%
2028 Value Projection:	USD 1,041.7 Million
Historical Data for:	2018 to 2021
No. of Pages:	180
Tables, Charts & Figures:	305
Segments covered:	End-user, Power, Region
Growth Drivers:	Increasing construction activities to open new avenues for stand tile saw industry
Pitfalls & Challenges:	Environmental issues coupled with health hazard associated with tile saw Excessive costs associated with eco-friendly products

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

In 2021, the market size of stand tile saw crossed USD 800 billion and is poised to grow at 3.8% CAGR through 2028 driven by rapid urbanization and increase in construction activities.

2 - 5 HP stand tile saws segment could surpass USD 680 million over 2022-2028 in remuneration owing to their efficiency, accuracy, and constant technological developments.

The residential sector is anticipated to account for nearly 65% of the overall market share by 2028 due to increasing construction activities in developed and developing nations.

Stand tile saws demand in Europe is estimated to exceed 550 thousand units by 2028 owing to government-planned mega projects and rise in construction activities in residential and construction sector in the region.