The floor saw market will grow steadily due to increasing demand for residential accommodation and the growing construction industry.

The floor saw market will witness significant growth due to increasing demand for residential housing and rising construction activities. According to the World Bank, the global construction industry grew by 4% in 2019, which is higher than the previous year. This increase is attributed to the growing population and increased urbanization. Furthermore, the pandemic-induced lockdown period witnessed a surge in residential renovations and home improvement projects across countries. Additionally, there has also been an uptick in demand for residential accommodations during the lockdown period. These factors have contributed towards the steady recovery of the building and construction sector worldwide.

The floor saw market will continue to grow due to increasing demand for residential housing and rising construction activity. However, the pandemic-induced lockdown period witnessed a surge in residential renovations and home improvements across the world. This has led to increased demand for floor saws. Furthermore, the growing construction industry has fuelled the demand for floor saws globally.

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Notably, industry players have been engaging in gainful strategies to accommodate the surging demand for specialty construction tools, which has positively impacted the overall business scenario of the floor saw market. For instance, in November 2020, Husqvarna Group, a leading manufacturer of outdoor power tools, announced the acquisition of Blastrac NA, Inc., a prominent provider of portable surface preparation technologies. The deal enabled Husqvarna to broaden its surface preparation portfolio by leveraging Blastrac's expertise in scraping, polishing, blasting, dust collection, and grinding.

To cite another instance, in July 2020, TYROLIT, a major producer of abrasive products for the construction industry, acquired Bibielle S.p.A., a global manufacturer of surface conditioning and high-quality abrasive products. The addition of a complementary business was intended to aid TYROLIT to strengthen its market presence and expand its product offerings in the construction sector.

Similarly, in October 2021, Saint-Gobain, a France-based manufacturer of multispecialty products for mobility, healthcare, industrial, and construction applications, took over RABONI Normandie, a key supplier of construction materials. The agreement allowed Saint-Gobain to cater to the booming residential renovation and construction market and gain a solid foothold in the French region.

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The floor saw market has been segmented on the basis of propulsion technology, power, and region. From the regional point of view, the Latin America floor saw market is poised to showcase robust expansion through the analysis timeline. The regional market is still in its nascent development stage and has numerous opportunities for growth over the forthcoming period.

Construction activities in Mexico and Brazil were sluggish till 2015 owing to the economic recession and other socio-political issues. Moreover, Brazil's GDP reached around USD 1.645 trillion in 2021, down from USD 2.06 trillion in 2017. Other countries, such as Mexico, Chile, and Argentina, among others, followed a similar GDP pattern. These factors are likely to impede regional market growth.