Home Press Releases Electric Tile Cutter Market Size Worth $338.2 Million By 2030 | CAGR: 7.2%

Electric Tile Cutter Market Size Worth $338.2 Million By 2030 | CAGR: 7.2%

The global electric tile cutter market size is expected to reach USD 338.2 million by 2030, according to a new study by Polaris Market Research. The report “Electric Tile Cutter Market Share, Size, Trends, Industry Analysis Report, By Type (Wet Tile Cutter, and Dry Tile Cutter); By Application; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Rapid advancements in the technology of electric cutters are boosting market growth over the forecast period. Retailers are expanding their use of advances in digital printing technology to offer ceramic tiles with a wide variety of design aspects which further fostering the industry growth. Advancements in electric tile cutter products drive the market in workpiece production methods such as metal injection molding, 3D printing, investment casting, and close-tolerance forging.

 

For instance, 3D printing technology, which allows users to manufacture three-dimensional objects, rapidly grows among industry leaders. The benefits of 3D printing, including optimal raw material use, waste reduction, and ease of manufacturing different complicated geometrics, are set to propel market expansion in the coming years. The widespread use of 3D printing in construction will contribute to the additive manufacturing industry’s growth in the forecasted period.

 

Furthermore, the governments are focusing on the launches of various projects to develop the industry; among the various projects, Industry 4.0 is to create opportunities for the growth of the market during the forecast period. The convergence of Industry 4.0 with cutting tools is a significant factor that promises a profusion of trade and adoption prospects in the industry.

 

According to the company, this idea, combined with cutting tools, focuses on improving output control and efficiency while reducing costs through a network of connected machining and access to production data and expert knowledge. Therefore, the advancement in technologies, along with governmental support, is the major factor boosting the market growth over the forecast period.

 

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Additionally, the use of DIY electric power tools in the construction industry is the primary factor driving growth in the global market. Electric cutting tile power tools provide more accuracy and control, further increasing DIY power tool sales. The demand for cordless electric power tools such as tile cutters will exceed that of conventional plug-in models. Brushless motors, which are more efficient than brushed motors, are being used by manufacturers to bring more powerful cordless electric tile-cutting tools to the market. Thus, cutting tools with high power are available in the market, and users are rising in the construction industry, driving the market growth over the forecast period.

 

Electric Tile Cutter Market Report Highlights

  • The wet tile cutters segment is anticipated to grow at a high CAGR over the forecast period due to its rising demand for its advantages in hard tiles. Wet tile cutters use a diamond blade to assist in cutting through into the tile as well as a small water reservoir to maintain the cutting wheel cool.
  • The commercial segment accounted for the largest share in 2021. The growth in this segment can be attributed to increasing new construction and home repair projects which frequently use ceramic tiles.
  • Asia-Pacific is expected to grow at a high CAGR over the projected period. The growth in this region can be attributed to the rapidly expanding real estate industry
  • The global players include Atlas Copco, Apex Tool Group, Brevetti Montolit, Kraft Tool, Koki Holdings, Makita Corporation, Ryan Industries, Stanley Black, Vitrex Inc., Yancheng Baoding, and Zhongxing Diamond Tools.

 

Polaris Market Research has segmented the electric tile cutter market report based on type, application, and region:

 

Electric Tile Cutter, Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Wet Tile Cutter
  • Dry Tile Cutter

Electric Tile Cutter, Application Outlook (Revenue – USD Million, 2018 – 2030)

  • Household
  • Commercial

Electric Tile Cutter, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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