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Electric Tile Cutter Market Analysis | CMI

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Title: Electric Tile Cutter Market Analysis | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
ELECTRIC TILE CUTTER MARKET ANALYSIS
  • 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) - Size, Share, Outlook,
    and Opportunity Analysis 2019 - 2027
  • The global electric tile cutter market was valued
    at US 145.7 Mn in 2017, and is expected to
    exhibit a CAGR of 5.9 over the forecast period
    and reach US 257.3 Mn in 2027. Asia Pacific
    accounted for the largest revenue share in the
    global electric tile cutter market in 2018.

3
Market Drivers
  • The market in India is expected to grow at a
    significant rate over the forecast period,
    followed by Rest of Asia Pacific. This growth is
    attributed to growing urbanization and population
    explosion in the region, which is expected to
    boost the number of construction activities
    during the forecast period.
  • 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).

4
  • Growing construction industry is one of the key
    drivers boosting the market growth
  • The construction industry is undergoing rapid
    transformation due to advancements in tools and
    equipment that are used in construction process.
  • Tile cutting equipment is one of the power tools
    that are in high demand due to availability of
    extensive range of tile sizes that are used
    across residential, industrial, and commercial
    industries. Moreover, increasing construction
    activities and rapid urbanization are two major
    factors that are boosting growth of Electric Tile
    Cutter Market. Electric tile manufacturers are
    focusing on product launches and innovation
    strategy, in order to strengthen their foothold
    in the electric tile cutter market. Manufacturers
    are focused on innovative offerings and have
    introduced tile cutters with robust design and
    advanced features. Therefore, growing
    construction industry is expected to boost growth
    of the electric tile cutter market, globally.

5
Figure1. Global Electric Tile Cutter Market Share
(), by Region, 2018 2027
6
Market Opportunities
  • Europe Electric Tile Cutter Market Scenario
  • Europe is expected to witness significant growth
    due to the rapidly growing real estate sector,
    which includes 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
    renovation of residential, public, and commercial
    buildings in 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. Furthermore, growing commercial
    sector, increasing disposable income, and
    changing trends in home furnishing and lifestyle
    are factors that are expected to increase demand
    for tiles and in turn drive growth of the
    electric tile cutter market over the forecast
    period in this region. Key players are focusing
    on various strategies such as new product
    launches, in order to expand their geographical
    presence. For instance, in February 2018, GERMANS
    BOADA SA (RUBI UK LTD.), a Europe-based
    manufacturer and distributor of cutting equipment
    and tools, announced the launch of its RUBI
    DU-200 EVO 850 Electric Cutter, which is designed
    for renovation and light work. Such factors are
    expected to increase demand for electric tile
    cutters in Europe during the forecast period.

7
  • Household segment is expected to witness highest
    growth rate in the electric tile cutter market
    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.

8
Figure2 Global Electric Tile Cutter Market Value
(US Mn) Analysis and Forecast, by Household
(2017-2027)
9
Global Electric Tile Cutter Market Key Players
  • 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.

10
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/electric-tile-cutter-market-3033

11
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

12
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

13
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