PUBLISHER: The Business Research Company | PRODUCT CODE: 1428284
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428284
A diamond wall saw is a specialized cutting tool equipped with circular blades containing diamond-encrusted segments or blades. It finds application in construction and demolition projects, particularly for cutting through hard materials.
The primary types of diamond wall saws include segmented blades, turbo blades, continuous rim blades, and others. Segmented diamond blades are characterized by grooves or air pockets along the edges, serving the purpose of cutting through materials such as concrete, brick, stone, masonry, block, and reinforced concrete, providing a robust cutting performance. These blades are utilized in various industries, construction, and other applications, and are distributed through both offline and online channels.
The diamond wall saw research report is one of a series of new reports from The Business Research Company that provides diamond wall saw market statistics, including the diamond wall saw industry's global market size, regional shares, competitors with diamond wall saw market share, detailed diamond wall saw market segments, market trends and opportunities, and any further data you may need to thrive in the diamond wall saw industry. This diamond wall saw market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 increase in the historical period can be ascribed to swift global expansion, a surge in the construction industry, a rise in the demand for concrete and masonry work, heightened emphasis on safety and productivity, and an uptick in urban development.
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%. The anticipated growth in the forecast period can be attributed to the upsurge in construction activities, a growing demand for concrete and masonry work, a heightened emphasis on safety and productivity, the continuous trend of urbanization, and the global expansion of markets. Notable trends expected in the forecast period encompass ongoing technological advancements, a rise in research and development expenditure, the harmonization of regulations, an increase in the outsourcing of clinical trial services, and the expansion of local distribution networks.
The anticipated growth in the diamond wall saw market is expected to be fueled by the increasing construction activities. Construction involves the processes of installing and assembling project tools and materials on the work site, adhering to approved construction plans, guidelines, and specifications. Diamond wall saws play a crucial role in cutting through concrete walls, floors, and structures with precision and cleanliness, facilitating the creation of openings such as windows, doors, and utility installations. For example, as reported by the Office for National Statistics, a UK-based producer of official statistics, in the fourth quarter of 2022 compared to the third quarter of the same year, quarterly construction production increased by 0.3%, driven by upticks in both new work (0.4%) and repair and maintenance (0.1%). Following a record growth of 12.8% in 2021, the annual construction production rose by 5.6% in 2022 compared to the previous year. Hence, the growing construction activities are a key driver of the diamond wall saw market.
The increasing trend of urbanization is poised to contribute to the growth of the diamond wall saw market. Urbanization involves the migration of the population from rural areas to urban centers, leading to the growth and development of cities and towns. The diamond wall saw market plays a vital role in urbanization by providing cutting-edge technology essential for construction and infrastructure development, thereby supporting the expansion of urban landscapes. According to The World Bank, a US-based group of international organizations providing loans and grants to developing countries, over 50% of the world's population lived in urban areas as of 2021, and this percentage is projected to reach 68% by 2050. Consequently, the increasing trend of urbanization is a driving force behind the growth of the diamond wall saw market.
The prevailing trend in the diamond wall saw market is the emphasis on product innovation, with major companies directing their efforts towards developing new and advanced products. A case in point is Makita USA, Inc., a US-based power tools manufacturer, which, in January 2022, introduced twenty new blades as part of Phase II of its Diamond Blade program. These blades, designed for soft materials, general purposes, hard materials, and 3D (three-dimensional) patterns, feature a unique bond composition and improved segment heights. As a result, these diamond blades are capable of cutting up to 40% faster and lasting up to four times longer.
Leading companies in the diamond wall saw market are actively engaged in launching innovative products, such as high-power battery cutters, to facilitate the shift towards a low-carbon economy in the construction industry. High-power battery cutters are portable cutting tools equipped with robust battery systems, delivering efficient and powerful cutting applications across various industries. For instance, in June 2021, Husqvarna Construction, a prominent Sweden-based manufacturer of equipment and diamond tools, unveiled the K1 PACE, a high-power battery cutter designed to support the construction industry's transition to a low-carbon economy. This product provides power and performance equivalent to petrol-powered cutters, catering to heavy-duty tasks in the diamond wall saw market. Its environmental benefits align with sustainability trends, making it a valuable innovation as the industry increasingly focuses on low-carbon solutions.
In March 2021, GWS Tool, a US-based cutting tool manufacturer, acquired CJT Koolcarb Inc. and its polycrystalline diamonds (PCD) operating subsidiary, GenHam Diamond Tools, for an undisclosed amount. This acquisition positions GWS as a multi-disciplined producer of high-performance cutting tools within the industry. The incorporation of CJT's knowledge enhances GWS's capability and capacity, providing clients and distribution partners with additional reasons to collaborate with GWS. CJT Koolcarb Inc. is a US-based manufacturer of cutting tools, including those used in diamond wall saw applications.
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.
North America was the largest region in the diamond wall saw market in 2023. The regions covered in the diamond wall saw market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the diamond wall saw market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The diamond wall saw market consists of sales of cutting wheels, grinding wheels, wire wheels diamond wall saws, diamond wire saws, diamond circular saw blades, diamond gang saw blades, and diamond band saw blades. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Diamond Wall Saw Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on diamond wall saw market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for diamond wall saw ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The diamond wall saw market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.