The Asia Pacific Concrete Saw Market would witness market growth of 4.9% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 143.49 thousand units, showcasing a growth of 19.6% (2020-2023).
Gasoline-powered concrete saws remain a dominant force in the market, offering unparalleled power and versatility for a wide range of cutting applications. Fueled by gasoline, these saws provide high-performance cutting capabilities, making them ideal for heavy-duty tasks such as cutting through thick concrete, asphalt, and masonry materials. These saws are known for their robustness and ability to handle demanding conditions, making them a preferred choice for construction professionals operating in rugged environments. Therefore, 21.67 thousand units of Gasoline-powered concrete saws is expected to be utilized in India by the year 2031.
The China market dominated the Asia Pacific Concrete Saw Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $101 million by 2031. The Japan market is registering a CAGR of 4.4% during (2024 - 2031). Additionally, The India market would capture a CAGR of 5.7% during (2024 - 2031).
The adoption of concrete saws spans various industries and user groups, reflecting these tools’ versatility, efficiency, and indispensability in diverse applications. Construction firms and contractors constitute a significant portion of concrete saw adopters. They rely on concrete saws for various tasks, such as cutting concrete slabs, walls, and floors during construction, renovation, and demolition. Contractors use concrete saws to create doors, windows, and utility openings and remove concrete sections for modification or repair.
Infrastructure development and utility installation companies heavily rely on concrete saws for cutting concrete surfaces during road construction, bridge building, tunneling, and utility installation projects. These companies use concrete saws to cut expansion joints, repair damaged road surfaces, and create access points for utility lines such as water pipes, sewer lines, electrical conduits, and telecommunications cables.
As China invests in infrastructure projects such as roads, bridges, dams, and buildings, there will be a higher demand for concrete cutting and sawing equipment to shape and maintain these structures. According to the International Trade Administration (ITA), the focal points of China’s 14th Five-Year Plan are new urbanization, energy, transportation, and water systems infrastructure initiatives.
Based on estimations, the cumulative investment in new infrastructure throughout the 14th Five-Year Plan (2021-2025) is anticipated to approximate 27 trillion yuan ($4.2 trillion). The growing infrastructure development in China can lead to overall market growth for concrete saws as construction companies and contractors invest in new equipment to keep up with the demand. Therefore, expansion of the construction sector and increasing investments in infrastructure initiatives are propelling the market’s growth.
Free Valuable Insights: The Global Concrete Saw Market is Predict to reach USD 948.3 Million by 2031, at a CAGR of 4.6%
Based on Type, the market is segmented into Walk-Behind and Hand Held. Based on Application, the market is segmented into Commercial, Residential, and Industrial. Based on Power Source, the market is segmented into Gasoline Powered, Electric Powered and Hydraulic Powered. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Thousand Units, USD Million, 2020-2031)
By Application (Volume, Thousand Units, USD Million, 2020-2031)
By Power Source (Volume, Thousand Units, USD Million, 2020-2031)
By Country (Volume, Thousand Units, USD Million, 2020-2031)
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