Global Electric Tile Cutter Market was valued at US$ 176.92 Million in 2021 and is expected to surpass US$ 332.83 Million by 2030, registering a CAGR of 7.4% during the forecast period (2022-2030), according to the Global Electric Tile Cutter Market Report, by Type (Wet Tile Cutter, Dry Tile Cutter)),  by Application (Household, Commercial), and  by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

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.

Key Developments

  • In July 2021, Germans Boada S.A. (Rubi U.K. LTD.), a company that produces tools and machinery for the construction industry launched DCX-250 Xpert cutters designed for intensive cuttings of porcelain stoneware tiles (Bla) and occasionally cutting natural stone

Global Electric Tile Cutter Market- Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has affected the global electric tile cutter market significantly. Lockdown was imposed across the globe as a precautionary measure by governments of countries to stop the spread of coronavirus. This led to the temporary suspension of all businesses. Several commercial and residential construction projects were suspended due to financial crises and a lack of manpower, which affected the sales of electric tile cutters. Hence, the global electric tile cutter market witnessed slow growth during the pandemic.

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 150 market data tables* and 90 figures* on “Global Electric Tile Cutter Market- Global forecast to 2030”

Key Trends and Analysis of the Global Electric Tile Cutter Market:

  • Asia Pacific region is expected to exhibit the highest growth rate over the forecast period. This growth of market is attributed to development of residential buildings in countries such as India, China, Japan, and others. Demand for apartments at the individual level is rising tremendously, this is because of the rising disposable income of the people and various loan facilities provided by banks such as HDFC, China CITIC Bank, and others that help people buy their own apartment. This is driving demand for residential buildings and electric tile cutters are widely used in the construction industry. Hence, the electric tile cutter market is expected to grow significantly in the Asia Pacific region in the forecast period.
  • North America is expected to witness remarkable growth over the forecast period owing to growth in the remodeling and home improvement sector. People are investing a high amount of money in adding comfort and style to the living area, kitchen, home offices, and other areas to meet the present living standards. Tiles are also considered to add aesthetics in remodeling and home renovation. There are various innovative tile designs that help change the look of the home and people are adopting new trends in home renovations. Electric tile cutters make it easy for the designers to design the tile as per requirement is easy and faster way. Hence, demand for electric tile cutter is rising in the North America region and is expected to show remarkable growth during the forecast period.
  • 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.
  • 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

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