Tile saws market set to surpass $1.3 billion by 2032 due to increased home improvement projects
From GlobeNewswire: 2025-01-09 06:30:00
The tile saws market is expected to exceed $1.3 billion by 2032, driven by increased home improvement projects. Technological advancements like improved motor efficiency and water-cooling systems have enhanced performance. Porcelain tiles are gaining popularity for their benefits, leading to a surge in demand for precise cutting tools.
While manual tile cutters are popular for smaller projects, power tile saws are essential for intricate tasks. Wet tile saws are valued for cutting tough materials like granite with precision. The market for saws is projected to grow at a CAGR of 6.1% from 2024 to 2032, with a focus on professionals in various construction sectors.
The benchtop segment dominated the tile saws market in 2023, with portable models expected to grow due to urban expansion and increasing construction activity. The U.S. market is forecasted to grow at a CAGR of 6% through 2032, driven by residential renovations and a thriving housing market. Emerging markets in the Asia-Pacific region are also contributing to market growth.
The industry ecosystem analysis of the tile saws market highlights factors affecting the value chain, profit margin analysis, and future outlook. Growth drivers include the increasing trend of home renovations and technological advancements, while challenges include the high initial cost of premium models. The market is expected to see steady growth with a focus on precision and durability in tools.
Global Market Insights Inc. is a market research and consulting service provider offering syndicated and custom research reports. Their business intelligence reports provide clients with actionable market data for strategic decision-making in industries such as chemicals, technology, and renewable energy. For more information on tools industry reports, visit their website.
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