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Diamond Wall Saw Market Size, Driving Factors, Growth Statistics, Competitive Landscape And Forecast To 2033
Diamond Wall Saw Market Size
As per the report, the diamond wall saw market size has grown steadily in recent years. It will grow from $2.07 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The diamond wall saw market size is expected to see steady growth in the next few years. It will grow to $2.59 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
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Construction Activities Propel Diamond Wall Saw Market Growth
The increasing construction activities are expected to boost the growth of the diamond wall saw market going forward. Construction refers to the actions involved in installing and assembling project tools and materials on the work site in accordance with approved construction plans, guidelines, and specifications. Diamond wall saws are used to cut through concrete walls, floors, and structures. They can make precise and clean cuts, allowing for the creation of openings, such as windows, doors, and openings for utility installations. For instance, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in 2023, in Quarter 4 (Oct. to Dec.) 2022 compared to Quarter 3 (July to Sept.) 2022, quarterly construction production increased by 0.3%. The rise was due to increases in both new work (0.4%) and repair and maintenance (0.1%). After a record growth of 12.8% in 2021, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, the increasing construction activities are driving the growth of the diamond wall saw market.
Product Innovation In The Diamond Wall Saw Market
Product innovation is the key trend gaining popularity in the diamond wall saw market. Major companies operating in the diamond wall saw market are focusing on developing new products. For instance, in January 2022, Makita USA. Inc, a US-based power tools manufacturer, launched twenty new blades, including soft materials, general purpose, hard materials, and 3D (three-dimensional) pattern blades, under Phase II of the new Diamond Blade program. This product has a unique bond composition and improved segment heights, which allow the diamond blades to cut up to 40% faster and last up to four times longer.
The diamond wall saw market covered in this report is segmented -
1) By Type: Segmented Blade, Turbo Blade, Continuous Rim Blade, Other Types
2) By Distribution Channel: Offline, Online
3) By Application: Industry, Building, Other Applications
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Major companies operating in the diamond wall saw market report are Sinopro, Ehwa Diamond, Hilti Corporation, Cedima GmbH, Makita USA, Tyrolit Group, Norton Abrasives, Asahi Diamond Industrial Co. Ltd., Robert Bosch Tool Corporation, Diamond Products, Diamond Blade Warehouse, Continental Diamond Tool Corporation, Bosun Tools, Taman Diamond Tool Solutions, Diaquip, Carbon Diamond Abrasives, Sonicon Construction, Hebei XMF Tools Group Co. Ltd., Husqvarna Group, GBS Diamond Tools, Protech Diamond Tools, Shinhan Diamond Ind Co. Ltd., Tokyo Diamond Tools Mfg Co. Ltd., Jiangsu Huachang Tools Manufacturing Co. Ltd., Mactech Offshore Machining & Cutting Solutions, Heger Diamond Tools, Terminator D.I.A, Diamond WireTec, Diamond Vantage, PR Diamond.
Contents of the report:
1. Executive Summary
2. Diamond Wall Saw Market Report Structure
3. Diamond Wall Saw Market Trends And Strategies
4. Diamond Wall Saw Market - Macro Economic Scenario
5. Diamond Wall Saw Market Size And Growth
…..
27. Diamond Wall Saw Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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