Concrete Saw Market Expected to Reach $1.1 Billion by 2032

According to a new report published by Allied Market Research, titled, “Concrete Saw Market By Power Source,Type and Application: Global Opportunity Analysis and Industry Forecast, 2024-2032," The concrete saw market was valued at $0.74 billion in 2023, and is estimated to reach $1.1 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.

A concrete saw is a specialized device utilized to slice through resilient materials like concrete, asphalt, or masonry. It comprises an engine or electric motor linked to a circular blade equipped with diamond-tipped teeth or abrasive substances. These tools find extensive application in construction, renovation, and demolition ventures, facilitating precise cuts essential for tasks such as road construction, building erection, and concrete removal.

The increasing demand for renovation and remodeling projects in both residential and commercial sectors is a significant driver behind the  concrete saw Market Size. As infrastructure and buildings age, there's a growing requirement for updates and improvements, making these tools essential for cutting through concrete, masonry, and other materials. In residential contexts, concrete saws are crucial for tasks such as driveway repairs, basement renovations, and landscaping. Similarly, in commercial settings, they play a vital role in overhauling office spaces, retail outlets, and industrial facilities. Additionally, the trend toward repurposing existing structures and the desire for customized designs highlight the importance of precise concrete cutting and shaping. Therefore, the increasing frequency and importance of renovation and remodeling endeavors in residential and commercial areas significantly drives the demand for concrete saws as indispensable assets in construction and renovation projects.

Moreover, the ongoing investments in global infrastructure projects, covering transportation, utilities, and urban development, present a significant opportunity for the concrete saw market growth. As funding is allocated by both governmental bodies and private entities to enhance infrastructure, there arises a heightened demand for concrete saws to facilitate construction and upkeep tasks. Concrete saws play a pivotal role in cutting through concrete, asphalt, and masonry materials, crucial for various projects such as road construction, bridge building, utility installations, and urban development. With the expansion of transportation networks, upgrades to utility systems, and the evolution of urban landscapes, the necessity for precise and effective concrete cutting becomes paramount. Hence, the concrete saw market trend is projected to benefit significantly from these ongoing investments in infrastructure projects worldwide, positioning itself as a vital contributor to the construction and development sectors.

On the basis of power source, the concrete saw industry is divided into electric powered, gasoline powered and hydraulic powered. In 2023, gasoline powered dominate the concrete saw market analysis in terms of revenue Moreover, the electric powered segment is projected to manifest highest CAGR during the forecast period owing to lower emissions, reduced noise levels, and lower operating costs compared to their gasoline-powered counterparts.

On the basis of type, the concrete saw market share is classified into hand-held, walk-behind. In 2023, the construction sector leads the market in revenue and is anticipated to maintain this trend in the forecast period due to ongoing infrastructure projects, renovation demands, and urbanization trends.

On the basis of application, the concrete saw market is classified commercial, residential and industrial. In 2023, the walk-behind saw leads the market in revenue. However hand held saw is anticipated to grow at higher CAGR during the forecast period due to increasing demand for portable and versatile cutting solutions in construction and renovation projects.

On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Chile, and Rest of Latin America), and Middle East and Africa (UAE, Saudi Arabia, Nigeria, South Africa and Rest of Middle East and Africa). Asia-Pacific remains a significant participant in the Concrete Saw market forecast with a CAGR of 5.96% due to the region's rapid urbanization and industrialization which is leading to extensive construction activities, driving substantial demand for concrete cutting equipment.

The key players profiled in the report include Husqvarna Group, ANDREAS STIHL AG & Co. KG,(STIHL Group), Makita Corporation, Hilti Corporation, Wacker Neuson SE, Norton Clipper (Saint-Gobain Abrasives), Bosch Power Tools, Milwaukee Tool (Techtronic Industries Co. Ltd.), Dewalt (Stanley Black & Decker) and TYROLIT Group. These key players have adopted strategies such as product portfolio product launch, collaboration & acquisitions, agreements and geographical expansion to enhance their market penetration. For instance, in October 2023 - Bosch Power Tools announced the launch of 17 new power tools, including different cutting saw adding new innovations to the brand’s growing CORE18V platform in 2023. The brand’s offerings also include new options within the oscillating multi-tool and grinder tool categories, designed to deliver skilled workers with enhanced efficiency.

Key Benefits For Stakeholders

• The Concrete Saw market is expected to grow significantly in the coming years, driven by the increase in investment in urbanization.
• The market is expected to be driven by the demand for Concrete Saws in the construction sector.
•  The market is highly competitive, with several major players competing for market share. The competition is expected to intensify in the coming years as new players enter the market.
• The Asia-Pacific region is expected to lead the concrete saw market owing to rapid urbanization, expanding construction activities, and increasing infrastructure development projects across various industries.