According to Fact.MR, a company that offers market research and competitive information, the global plunge saw market reported a CAGR of 2.7% from 2018 to 2022. The market will be valued at US$ 765 million in 2023, and by 2033, it is projected to grow at a CAGR of 3.6% to reach US$ 1.09 billion.
By the end of 2022, sales of plunge saws held a 31% share of the global saw machines market. Individual users in big urban areas around the world have a substantial impact on the demand for plunge saws. A plunge saw improves productivity by assisting in the cutting of strong materials like glass, plastic, and wood. These tools’ use has made it possible to cut materials with rough surfaces.
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Key Takeaways from Market Study
- The global plunge saw market is projected to grow 3.6% and reach US$ 1.09 billion by 2033.
- The market witnessed 2.7% CAGR between 2018 and 2022.
- The market will be valued at US$ 765.0 million in 2023.
- North America leads the global market with 27.2% share in 2023.
- Offline sales account for the highest market share of 71.3% in 2023.
“Rising DIY trend will pave the path of the market for plunge saws,” says a Fact.MR analyst.
Market Development
Costs of production for plunge saws are high as compared to conventional saws. New entrants are likely to profit much more if they operate by maintaining their operating costs at low levels from the start.
Additionally, fixed costs, variable costs, and semi-variable costs are three additional areas where current manufacturers can save expenses. Plunge saw manufacturers are actively developing long-term collaborations with end users to create consistency in demand. In addition, companies are focused on offering tailored solutions to capture a significant share of the market.
Competitive Landscape:
Bora Tools, CHERVON Co., Ltd (Skil), Emerson Electric Co (Ridgid), Evolution Power Tools Ltd, Festool GmbH, Freud America, Inc (Diablo), Genesis Power Tools, Hilti Corporation, Koki Holdings America Ltd (Metabo), Kreg Tools, Makita Corporation, Milwaukee Electric Tool Corporation, Positec Tool Corporation (Rockwell), Powertec, Robert Bosch Tool Corporation, Stanley Black & Decker (DeWalt), Techtronic Industries (Rayobi), Triton Tools, WEN Product, and Woodstock International, Inc (Shop Fox) are key manufacturers of plunge saws.
One of the prominent factors for market survival is innovation. Companies develop and implement modern technology solutions at every stage of production, allowing them to manufacture products that meet customers’ expectations and needs to the greatest extent possible. Firms believe in innovations that include the integrated application of professional knowledge, global experience, and modern technologies in the manufacturing of plunge saws.
- In 2022, Bosch included a new product in its plunge saw range. GKT 55 GCE provides a millimeter-accurate cut to cope with impressive strength tests.
- In March 2022, Festool launched a new track saw, which comes with durability, high power, and absolute precision.
Fact.MR has provided detailed information about the price points of key manufacturers of plunge saws positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Plunge Saw Industry Research:
· By Power Source:
- Electrically Powered (Corded)
- Upto 18 V
- 20 V
- Above 20 V
- Battery Powered (Cordless)
- Upto 12 Amp
- 12-14 Amp
- Above 14 Amp
· By Track Length:
- Up to 60 Inches
- 60 – 100 Inches
- Above 100 Inches
· By End User:
- Individual / DIY Users
- Commercial Users
· By Sales Channel:
- Online Sales
- Company Owned Platforms
- E-Commerce Platforms
- Offline Sales
- Modern Trade Channels
- Specialty Stores
- Others
· By Region:
- North Americas
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Plunge Saw include:
- What is the key strategy deployed by large players to maximize Plunge Saw growth?
- What are the main challenges faced by players in the Plunge Saw Demand?
- With the advent of technological advancement, how will the Plunge Saw landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Plunge Saw size?
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