Electric tile cutters are used to cut tiles of the required shape and size as per the requirement. They are electrically powered equipment that can facilitate the precise cutting of ceramic and other tile types. These electric cutters are available in a variety of shapes and sizes that match specific requirements. The advantages of using electric tile cutters over manual cutters are that they are affordable, provide precise cuts, and are easy to use, hence the popularity of electric tile cutters is increasing across the globe.
The availability of substitute materials for tile such as acrylic panels, PVC (Polyvinyl Chloride) panels, marble, and others can restrain growth of the global electric tile cutter market. These substitute materials are easy to fit, low cost, easier to change and remove, easy for remodeling stages, and durable and hence can gain popularity in the forecast period, which can retrain growth of the global electric tile cutter market.
|Base Year:||2021||Market Size in 2021:||US$ 176.92 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||7.4 %||2030 Value Projection:||US$ 332.83 Mn|
iQ Power Tools, Germans Boada S.A. (Rubi UK LTD.), Brevetti Montolit S.P.A., Norcros plc, Q.E.P. Co., Inc. (Vitrex), Jack Sealey Ltd Laptronix, Cortag, and DEWALT.
|Restraints & Challenges:||
Global Electric Tile Cutter Market- Impact of Coronavirus (Covid-19) Pandemic:
The covid-19 pandemic has immensely damaged the global economy. The effect of the pandemic on economic life of people was damaging. As per WHO (World Health organization) reports published in 2021, 3.3 billion people were at the risk of losing their livelihood. As global trade suffered due to lockdowns imposed to slow the spread of corona virus, all businesses across the globe were shut down or operated with less manpower. This impacted the salaries and jobs of the people which resulted in salary deduction and several people lost their jobs which led to diminishing living standards. People invested less in home renovations, remodeling of offices and commercial sector which declined demand for electric tile cutters, and hence, the global electric tile cutter market witnessed slow growth during the pandemic.
North America held a dominant position in the global electric tile cutter market in 2021
Asia Pacific held a dominant position in the global electric tile cutter market in 2021, accounting for 31.0% share in terms of market share, followed by North America and Europe
Figure 1: Global Electric Tile Cutter Market Share (%), By Region, 2021
The Asia Pacific market is witnessing high growth due to rising infrastructural development, increasing disposable income, and growing construction industry in countries such as India, China, and Japan. For instance, in June 2018, the Asian Infrastructure Investment Bank (AIIB) announced an investment of US$ 200 million in the National Investment & Infrastructure Fund (NIIF).
Europe is expected to witness significant growth due to the rapidly growing real estate sector, which includes the construction of residential buildings as well as increasing remodeling and renovation activities. For instance, in November 2017, the National Energy Efficiency Action Plans (NEEAPs) announced plans to raise investments for the renovation of residential, public, and commercial buildings in the Europe region, which includes shopping centers, hotels, hospitals, offices, restaurants, garages, and stores. Moreover, in 2018, the government of Germany announced its plan to construct around 1.5 million housing units by 2021
Household segment is expected to drive the Global Electric Tile Cutter Market growth during the forecast period.
Household segment is projected to exhibit CAGR of 5.8% over the forecast period. Electric tile cutters are designed to cut tiles according to the area of the household such as kitchens, bathrooms, and galleries among others, where the tiles are to be fitted. By using electric tile cutters, it is easier to cut tiles in a particular shape and size suitable for walls and floors. Tiles are an important part of the home interior, and consumers’ preference for different types of tiles can vary depending on the household area such as kitchen, bathroom, flooring, walls, and backsplashes. For instance, there are various types of tiles that are specifically used for kitchen floors, kitchen walls, and kitchen counters such as tiles made from stone, ceramic, quarry, cork, porcelain, glass, vinyl, and bamboo. Glass tiles are mostly useful for backsplashes. Ceramic, porcelain, and quarry tiles are commonly used for counters and floors.
Figure 2: Global Electric Tile Cutter Market (US$ Mn) Analysis and Forecast, 2017 - 2030
Global electric tile cutter market was valued at US$ 176.92 Mn in 2021 and is expected to reach US$ 332.83 Mn by 2030, growing at a CAGR of 7.4% between 2022 and 2030.
Major players operating in the global electric tile cutter market include iQ Power Tools, Germans Boada S.A. (Rubi UK LTD.), Brevetti Montolit S.P.A., Norcros plc, Q.E.P. Co., Inc. (Vitrex), Jack Sealey Ltd Laptronix, Cortag, and DEWALT.
Electric tile cutters are electrically powered equipment that allows precise cutting of ceramic or other type of tiles. These cutters are available in different sizes with a wide range of varieties in its blade designs. The most trending type of blades currently available in the market are circular diamond-tipped, continuous blades, which range in size from 110 mm in diameter and above. Most of the electric tile cutters include a blade cooling system and are available with different motor sizes
Rising demand for ceramic tiles as preferred material for floors and wall coverings is expected to increase demand for electric tile cutters, which is compact, lightweight, and affordable, and is available in less mature markets. Therefore, due to increasing demand for compact and advanced tile cutters, manufacturers are adopting innovative technologies to replace the manual tile cutters in the market. For instance, porcelain tiles are the most popular tiles that are widely used in the market and it requires precise and well finished cut, which cannot be achieved using angle grinder or manual tile cutter. Therefore, manufacturers are focused on advancements in technologies by adding features such as multi-point braking system, dust collection technology, angular measurement features, and others for precise and angular cutting of tiles. Therefore, technological advancements in electric tile cutting machines is one of the major factors driving growth of the electric tile cutter market across the globe.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.