The global electric tile cutter market was valued at US$ 153.9 Mn in 2018 and is expected to exhibit a CAGR of 5.9% over the forecast period to reach US$ 257.3 Mn in 2027. Asia Pacific accounted for the largest revenue share in the global electric tile cutter market in 2018, according to Electric Tile Cutter Market Report, By Type (Wet Tile Cutter and Dry Tile Cutter), By Application (Household and Commercial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by . The market is studied across major geographies including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific held dominant position in the global electric tile cutter market in 2017 and is projected to retain its dominance throughout the forecast period. China is the major growth engine in this region, owing to high production, consumption, and export of ceramic tiles in China. As per ’ analysis, China’s consumption of ceramic tiles is increasing at a growth rate of 7% to 8% yearly since 2016. Ceramic tiles consumption in China in 2016 was around 42.8% of the global consumption. Additionally, booming construction industry in emerging economies, wherein the application of electric tile cutters is found the most, offers lucrative growth opportunities for key players. For instance, as per statistics by Make in India, construction industry in India is expected to witness considerable growth, owing to high investments in smart city initiatives. The investment of US$ 31.7 Bn has been proposed by 99 cities in India under this initiative by the end of 2019. Among application, commercial segment accounted for the largest market share in 2017 and is expected to retain its dominance throughout the forecast period. High investments in infrastructure and corporate development along with booming manufacturing industry in Asia Pacific are primary factors driving growth of this segment over the forecast period. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/electric-tile-cutter-market-3033 Browse 40 market data tables* and 50 figures* on “Electric Tile Cutter Market - Global Forecast to 2027” 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.
- Major players operating in the global electric tile cutter market include 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, and DEWALT