The Global Floor Saw Market is projected to reach USD 1.41 billion by 2029, growing at a CAGR of 3.8 % from 2020 to 2029. Floor saws are devices with cutting blades used for saw-cutting operations, specifically on hard surfaces such as concrete, asphalt, and bricks. Floor saws are widely used in the construction and road industry for saw-cutting operations such as trenching and cutting for utilities installation, road enlargements, and concrete demolition.
The growing need for saw-cutting operations in the construction industry, increasing investments in global infrastructure, and the rising need for floor saws to meet the global demand for new roads and highways are the major factors driving the growth of the floor saw market. Additionally, the presence of several floor saw manufacturers in the infrastructure sector and improving economic conditions in the Asia-pacific countries are also expected to boost the market growth.
The floor saw market is highly competitive due to the presence of several local and international players. The market is dominated by key players such as Atlas Copco, Ingersoll Rand, Sullair, KAESER, Gardner Denver, and others. These players are constantly striving to expand their product portfolio and explore new markets.
Also, these companies are investing heavily in research and development activities to introduce new products in the market. For instance, in 2019, Atlas Copco launched a new floor saw, the Husqvarna FS 3500 G, with a cutting depth of up to 400 mm and a power of up to 5.4kW.
Moreover, the increasing investments in the construction industry and the rising awareness about the advantages of floor saws are expected to offer lucrative opportunities for the floor saw market. Moreover, the rising need for saw-cutting operations in the road construction industry is expected to further drive the growth of the market.
Based on geography, the Global Floor Saw Market has been segmented into North America, Europe, Asia – Pacific, South America, and the Middle East & Africa. The Asia-Pacific region is anticipated to be the largest market during the forecast period, owing to the increasing investments in the infrastructure sector in countries such as India and China.
The key players in the Global Floor Saw Market are Atlas Copco, Ingersoll Rand, Sullair, KAESER, Gardner Denver, Husqvarna, Hilti, Makita, STIHL, Kubota, Wacker Neuson, and CS Unitec, among others. These players are continuously investing in research and development activities to launch new products in the market. They are also focusing on strategic mergers and acquisitions to expand their product portfolio and strengthen their market position.