Global Concrete Cutting Market Size study & Forecast, by Product Type (Equipment, Attachment), by Attachment Application (Wheel Loader, Skid Steer), by Payload Capacity for Attachment Application (Less than 1 Ton, 5-15 Ton, 15-20 Ton, More than 20 Ton), b

Global Concrete Cutting Market Size study & Forecast, by Product Type (Equipment, Attachment), by Attachment Application (Wheel Loader, Skid Steer), by Payload Capacity for Attachment Application (Less than 1 Ton, 5-15 Ton, 15-20 Ton, More than 20 Ton), by End Use Vertical (Demolition, Refurbishment), by Sales Channel (OEM, Aftermarket) and Regional Analysis, 2023-2030

Global Concrete Cutting Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Concrete cutting is a process that involves using specialized tools and equipment to cut, drill, or saw through concrete surfaces. This technique is commonly employed in construction, demolition, and renovation projects where precise and controlled removal or modification of concrete structures is required. Concrete cutting is performed by skilled professionals who use various methods and tools based on the specific requirements of the project. The key factors driving the market growth are increased investments in infrastructure projects, growing repair and maintenance activities, and stringent safety regulations in the construction industry have led to the adoption of advanced concrete cutting technologies that are anticipated to support the market growth during the projected period of 2023-2030

Additionally, the growing construction industry plays a significant role in supporting the growth of the Concrete Cutting Market. As the construction industry expands, there is a greater need for infrastructure development, including the construction of highways, bridges, tunnels, and buildings. Concrete cutting is an essential process in these projects for creating openings, modifying structures, and performing alterations. Thus, the growing construction industry is anticipated to support market growth. According to Statista, in 2020, the global construction industry was valued at USD 6.4 trillion; in 2022 the number reached USD 8.2 trillion, and it is anticipated to reach USD 10.3 trillion by 2025. As a result, the growing construction industry is anticipated to support the market growth. Moreover, the technological advancements in concrete cutting equipment and growing urbanization are anticipated to create lucrative opportunities for the market over the projected period. However, the high cost of maintenance and procurement stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Concrete Cutting Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing infrastructure development projects, presence of key market players, expansion of industrial and commercial sectors, and growing repair and maintenance activities. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as rapid urbanization and industrialization, growth of the construction industry, and cohesive government initiatives aimed at boosting infrastructure development and promoting sustainable construction practices can have a significant impact on the Concrete Cutting Market.

Major market player included in this report are:
Abortech (Australia)
Atlas Copco (Sweden)
Cedima GmbH (Germany)
Hilti Corporation (Liechtenstein)
Husqvarna Group (Sweden)
iQ Power Tools (U.S.)
Makita Corporation (Japan)
Stanley Black & Decker Inc (U.S.)
Stihl Group (Germany)
Tyrolit Group (Austria)

Recent Developments in the Market:
 In August 2022, Tyrolit revealed its latest strategic move by acquiring Turkish company Egeli Egesan, a prominent manufacturer of grinding tools catering to diverse applications. This strategic acquisition is a significant step for Tyrolit as it aims to enhance its global standing in the abrasive market. The primary objective behind this acquisition is to bolster the product portfolio of concrete cutters.

Global Concrete Cutting Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product Type, Attachment Application, Payload Capacity for Attachment Application, End Use Vertical, Sales Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Equipment
Attachment

By Attachment Application:
Wheel Loader
Skid Steer

By Payload Capacity for Attachment Application:
Less than 1 Ton
5-15 Ton
15-20 Ton
More than 20 Ton

By End Use Vertical:
Demolition
Refurbishment

By Sales Channel:
OEM
Aftermarket

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Abortech (Australia)
Atlas Copco (Sweden)
Cedima GmbH (Germany)
Hilti Corporation (Liechtenstein)
Husqvarna Group (Sweden)
iQ Power Tools (U.S.)
Makita Corporation (Japan)
Stanley Black & Decker Inc (U.S.)
Stihl Group (Germany)
Tyrolit Group (Austria)

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