Electric Tile Cutter Market 2021 Sales, Size, Share, Growth and Trend Forecast to 2027 | iQ Power Tools, GERMANS BOADA SA, Brevetti Montolit S.p.A., Norcros plc, Q.E.P. Co., Inc.

New Research Study "Electric Tile Cutter Market 2021 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Coherent Market insight

The global electric tile cutter was valued at US$ 145.7 Mn in 2017, and is expected to exhibit a CAGR of 5.9% over the forecast period and reach US$ 257.3 Mn in 2027.

The market research on Electric Tile Cutter Market provides a comprehensive overview of the industry, including definitions, classifications, applications, and industrial chain frameworks. It sheds light on the most important market characteristics as well as current industry developments. The study examines key sectors in depth to determine what drives market growth, such as trends and opportunities that may have a negative or positive impact on the market in the long run. It also emphasises the numerous applications and sectors. The study includes data that corresponds to historical milestones and current trends. Each segment has been thoroughly researched, with each major element such as market development potential, Electric Tile Cutter market dynamics, market CAGR, and market value considered.

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This report includes information on the industry's market growth as well as key segmentation variables that help the global Electric Tile Cutter Market prosper in today's environment. The report also emphasises the importance of regional classification in the global Electric Tile Cutter Market. Due to growing demand, the worldwide Electric Tile Cutter Market will eventually create more revenue and have a higher market size than the previous projected period.

Major Key players in this Market:

· iQ Power Tools
· GERMANS BOADA SA (RUBI UK LTD.)
· Brevetti Montolit S.p.A.
· Norcros plc
· Q.E.P. Co.
· Inc. (Vitrex)
· Jack Sealey Ltd.
· Laptronix
· CORTAG
· DEWALT

Drivers & Trends

The market forecasts in the Electric Tile Cutter industry are based on established research and assumptions based on current drivers and trends. As a result, the research report serves as a repository of analysis and data for every aspect of the market, including applications, SWOT analysis, future potential, new developments, and more. To acquire a firm grasp on the total market, several possible growth factors and hazards are assessed.

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Regional Classification

The Electric Tile Cutter market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.

Method of Research

The purpose of this section's research is to examine the Electric Tile Cutter market over the course of the review period using several validated metrics based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasising the market's primary strengths and weaknesses as it progresses. Furthermore, the study was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases. Beyond important points in the industry's value chain, the study includes a complete qualitative and quantitative assessment based on data gathered from industry analysts and market players.

Key Takeaways of the Market:

· In 2017, wet tile cutter segment generated revenue of US$ 90.6 Mn and is expected to reach US$ 158.9 Mn by 2027, witnessing a CAGR of 5.8% over the forecast period. A wet tile cutter is an electric table saw that consists of a blade with tiny diamonds, which spins fast for cutting dense tiles such as porcelain and ceramic tiles with safety and precision. A powerful electric tile cutter is equipped with a built-in steel working table that allows comfortable cutting and precise functioning, outfitted with a mitre plus parallel guide, which helps in flawless cutting. The tile cutter with a diamond blade is high powered cutting equipment for precise cutting. A water basin below the blade reduces debris and dust, keeping the tile and blade cool during the cutting procedure. When hard or dense tiles are cut, it releases smoke, creating high friction to prevent the blade from performing its task. Hence, this water below the blade is crucial, as it keeps the blade from heating up and helps to efficiently perform the task.

· Among application, commercial segment holds dominant position in the global electric tile cutter market and is expected to retain its dominance over the forecast period. In commercial segment, electric tiles are used in hardware stores and construction applications. Tiles have significant application in the construction industry and are widely used in commercial constructions such as schools, colleges, hospitals, trust, temples, and malls. Tiles are categorized according to their application in the construction process, which includes roofing tiles, flooring tiles, wall tiles, and partition tiles. Electric tile cutters are used for cutting all types of tiles in the construction industry.

· Players are focusing on adopting various key strategies to expand their market reach and increase their market share. For instance, in February 2019, iQ Power Tools announced partnership with Pritec Vaculyft AB of Sweden and Nozar Diamond Tools of Germany to expand its product portfolio and geographic reach. In March 2019, RUBI UK Ltd. launched TX MAX tile cutter, a high-performance machine designed for intensive cutting of hardest ceramic materials. In November 2016, TAL, a division of Norcros plc, launched a new range of tile cutters, including manual cutters, for DIY tillers and larger models of tile cutters for professional contractors. The larger models are available in a range of sizes to accommodate different size tiles.

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