Published on : Sep 12, 2019
A buzzing city is full of roads, houses, factories, markets, industrial and commercial buildings and others. Construction of such structures generates lots of work for laborers, plumbers, builders, and electricians. Construction work involves utilization of tools like cut-off concrete saw, electrical drills, mixers, and grinders and so on. Global cut-off concrete saw market thrives on the expansion of the construction industry.
Rapid Urbanization and Industrialization to Add Impetus to the Market Globally
Rapid urbanization and industrialization have led to migration to cities, which has further necessitated the construction of more commercial and residential buildings. Global cut-off concrete saw market is also influenced by the increasing construction work for both demolition and refurbishment purposes. Demolition of old, dilapidated buildings need some extensive use of cut-off concrete saws, which is expected to drive the market.
In April 2019, Saint-Gobain has made acquisition of Pritex, a leading manufacturer of acoustic and thermal insulation solutions. With this acquisition, the mobility business unit of Saint-Gobain aims to expand its business model well beyond automotive glazing. It is also poised to become a world leader in providing solutions for safety, energy-efficiency, and comfort in the mobility market.
Considering geography of global cut-off concrete saw market, North America is analyzed to be a leading market for cut-off concrete saw over the period of appraisal. The region is headed by the U.S., which is anticipated to account for a major share of the North American cut-off concrete saw market during the period of stipulation. The US is followed by Canada in this market.
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Europe also accounts for a major share of the global cut-off concrete saw market. France, Germany, and the U.K. are the major regional market in Europe. Asia Pacific is also expected to experience substantial growth over the period of appraisal. With China being the dominant region, the regional market is poised for growth due to rapid urbanization and industrialization.