Stand Tile Saw Market drivers of growth analyzed in a new research report
Category: #business  By Rahul Varpe  Date: 2022-11-25
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Stand Tile Saw Market drivers of growth analyzed in a new research report

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further propel market adoption over the forecast period.

Recent technological advancements in construction equipment and safety, along with growing presence of convenient access to rental construction equipment, have fueled market expansion. Growing consumer spending has led to an increase in residential construction activities across the world, which has also augmented industry expansion over the past few years.

Notable, industry players have been investing in profitable strategies to gain a competitive edge in the sector, which has supported the development of the overall stand tile saw market. For instance, in July 2020, TYROLIT Group, a global manufacturer of dressing and grinding tools for the construction industry, announced the acquisition of Bibielle Abrasives, a leading manufacturer of high-quality abrasive materials. The addition of Bibielle’s complementary business enabled TYROLIT to broaden its product offerings across a wider consumer base.

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Similarly, in December 2021, Stanley Black & Decker, Inc., a prominent supplier of industrial tools, completed the takeover of MTD Holdings Inc., a key outdoor power equipment company, and Exel Industries, a France-based machinery and equipment manufacturer. The deal allowed Stanley Black & Decker to strengthen its position as a leading provider of outdoor power tools in the construction industry.

To cite another instance, in March 2022, DEWALT, a global industrial tool company, launched its novel saw blades with a larger diameter, dubbed the DEWALT Large Diameter Circular Saw Blades. The larger diameter circular saw blades have been designed with improved finish quality, body slots for low vibrations, and enhanced tooth geometry, to enable clean cutting efficient performance.

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The stand tile saw market has been segmented on the basis of end-user, power, and region. In terms of end-user, the market has further been categorized into commercial and residential. The residential sub-segment is speculated to grow at a significant CAGR through the assessment period to register a revenue share of more than 65% by the end of 2028. The commercial sub-segment is poised to develop at approximately 3.7% CAGR over the study timeline to reach a considerable valuation by 2028.

On the regional spectrum, the Latin America stand tile saw industry is slated to progress at a CAGR of around 3.0% between 2022 and 2028. Meanwhile, the Middle East & Africa stand tile saw market accounted for a volume share of about 10% in terms of revenue in 2021 and is anticipated to witness robust growth in the coming time period.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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